Common use of The Projects Clause in Contracts

The Projects. Each Eligible Project has been established and dedicated, and is and will remain, a time-share plan and project in full compliance with all applicable laws and regulations, including, without limitation, the applicable Timeshare Act. Each Eligible Project has adequate access from a publicly dedicated street, and is constructed and operated in compliance with all applicable laws and regulations, serviced by utilities necessary for its intended use, and furnished and equipped and ready for occupancy. All amenities for each Eligible Project which have been offered to purchasers of Intervals or referred to in any offering materials are available to consumer borrowers. Each Timeshare Instrument for each Eligible Project has been recorded in the real property records where such project is located and otherwise filed in accordance with all applicable laws and regulations. All Units, Common Elements, and other improvements at, upon or appurtenant to the Eligible Project are and will be in compliance with the design, use, architectural and environmental control provisions, if any, set forth in the applicable Declaration. All costs arising from the construction or acquisition of any Units and any other improvements and the purchase of any fixtures or equipment, inventory, furnishings or other personalty located in, at, or on the Eligible Projects have been paid or will be paid when due.

The Projects. Each Eligible Project has been established and dedicated, and is and will remain, a time-share plan and project in full compliance with all applicable laws and regulations, including, without limitation, the applicable Timeshare Act. Each Eligible Project has adequate access from a publicly dedicated street, and is constructed and operated in compliance with all applicable laws and regulations, serviced by utilities necessary for its intended use, and furnished and equipped and ready for occupancy. All amenities for each Eligible Project which have been offered to purchasers of Intervals Timeshare Interests or referred to in any offering materials are available to consumer borrowers. Each Timeshare Instrument for each Eligible Project has been recorded in the real property records where such project is located and otherwise filed in accordance with all applicable laws and regulations. All Units, Common Elements, and other improvements at, upon or appurtenant to the Eligible Project are and will be in compliance with the design, use, architectural and environmental control provisions, if any, set forth in the applicable Declaration. All costs arising from the construction or acquisition of any Units and any other improvements and the purchase of any fixtures or equipment, inventory, furnishings or other personalty located in, at, or on the Eligible Projects have been paid or will be paid when due.