Timeshare Interest Sample Clauses

Timeshare Interest. Seller is the owner of that certain timeshare interest identified below (“Timeshare Interest”), in that certain timeshare plan commonly known as COCONUT PALMS BEACH RESORT II (“Project”). Seller desires to hire GRT to provide timeshare resale transfer services consisting of GRT assisting in the transfer of the Timeshare Interest to a third-party (“Transfer Services”), and GRT desires to provide Transfer Services in accordance with this Transfer Agreement. COCONUT PALMS BEACH RESORT II
Sample 1
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Timeshare Interest. (a) As defined in the Timeshare Instruments for each Eligible Project, consisting of an undivided interest in any Unit at the Eligible Project as tenant-in-common, together with the right to make use of any and all easements, licenses, access and use rights in and to the Eligible Projects appurtenant thereto, the non-exclusive right to use the Common Elements and common amenities, and the exclusive right to use and occupy any Unit and the common furnishings therein for a use period for which such rights to use have been properly reserved or (b) with respect to Oak N' Spruce Resort, an Oak N' Spruce Beneficial Interest..
Sample 1
Timeshare Interest. A timeshare estate comprised of a right to use and occupy a Unit for a certain period of time each year or every other year in perpetuity coupled with a fee estate or an estate for years acquired pursuant to an Owner Beneficiary Agreement, which the Purchaser thereof directs Bluegreen Vacations Unlimited, Inc. to immediately convey to the Trustee and the Trustee holds such timeshare estate pursuant to the Trust Agreement, at which time, the Purchaser becomes a member and an Owner Beneficiary of the Vacation Club, is identified in a schedule attached to the Trust Agreement, amended from time to time to include each new Owner Beneficiary, and is entitled to certain Owner Beneficiary Rights under the Trust Agreement and a specific number of Vacation Points corresponding to such rights, which Vacation Points may be used by the Owner Beneficiary for lodging for varying lengths of time at the various Resorts within the Vacation Club.
Sample 1
Timeshare Interest. Seller is the owner of that certain timeshare interest identified below (“Timeshare Interest”), in that certain timeshare plan commonly known as DIAMOND RESORTS POLO TOWERS SUITES (“Project”). Seller desires to hire GRT to provide timeshare resale transfer services consisting of GRT assisting in the transfer of the Timeshare Interest to a third-party (“Transfer Services”), and GRT desires to provide Transfer Services in accordance with this Transfer Agreement. DIAMOND RESORTS POLO TOWERS SUITES
Sample 1
Timeshare Interest. A “Fractional Interest” as defined in the Timeshare Declaration, consisting of an undivided 1/52 or 1/104 fee title interest in a Unit in the Borrower Project, as tenant-in-common, with the Owners of other “Fractional Interests” in such Unit, together with the exclusive right to reserve, use and occupy a Unit of such type and the common furnishings therein for a use period for which such right to use have been properly reserved, subject to the provisions of the Public Offering Statement, the Timeshare Declaration, Association Bylaws and the rules and regulations, and including a non-exclusive right to use any and all easements appurtenant to the Project, and a non-exclusive right to use the Common Area in the Project.
Sample 1
Timeshare Interest. Seller is the owner of that certain timeshare interest identified below (“Timeshare Interest”), in that certain timeshare plan commonly known as Marriott's Grande Vista (“Project”). Seller desires to hire GRT to provide timeshare resale transfer services consisting of GRT assisting in the transfer of the Timeshare Interest to a third-party (“Transfer Services”), and GRT desires to provide Transfer Services in accordance with this Transfer Agreement. Marriott's Grande Vista
Sample 1
Timeshare Interest. A fee simple ownership interest in a Unit located at a Receivables Loan Approved Resort to be sold by Borrower to Purchasers comprised of either: (i) a Timeshare Interest which provides a Purchaser with a seven (7) consecutive day right of occupancy in a Unit located in a Receivables Loan Approved Resort every year ("Weekly Timeshare Interest"); or (ii) any combination of a Timeshare Interest which provides a Purchaser with a seven (7) consecutive day right of occupancy in a Timeshare Unit located in a Receivables Loan Approved Resort every other year ("Bi-annual Timeshare Interest"), as set forth in the applicable Declaration, with such interest being entitled to the right to the possession, use and occupancy of a Unit located in a Receivables Loan Approved Resort during the applicable time periods sold for such Weekly Timeshare Interest or Bi-annual Timeshare Interest, as applicable, and the use of all Common Elements and Resort Facilities.
Sample 1
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Timeshare Interest. An Interval sold to a consumer borrower. Total Commitment. The sum of the Commitments of the Banks, as in effect from time to time, which shall not exceed $10,000,000. Trading With the Enemy Act. See Section 6.36.
Sample 1

Related to Timeshare Interest

  • Additional Portfolios In the event that any Fund establishes one or more series of Shares in addition to those set forth on Appendix A hereto with respect to which it desires to have the Custodian render services as custodian under the terms hereof, it shall so notify the Custodian in writing, and if the Custodian agrees in writing to provide such services, such series of Shares shall become a Portfolio hereunder.

  • Transferred Assets (a) As of the Effective Time (as defined in Section 2.1) and upon the terms and conditions set forth herein, Seller will sell, assign, transfer, convey and deliver to Purchaser, and Purchaser will purchase from Seller, all of the transferable rights, title and interests of Seller in the following assets associated with the Banking Centers and identified in this Agreement and the Schedules and Exhibits hereto, and not otherwise excluded pursuant to the provisions of Subsection 1.1(b):

  • Mortgage Lessee does hereby agree to make reasonable modifications of this Lease requested by any Mortgagee of record from time to time, provided such modifications are not substantial and do not increase any of the Rents or obligations of Lessee under this Lease or substantially modify any of the business elements of this Lease.

  • REO Property A Mortgaged Property acquired by the Servicer on behalf of the Trustee through foreclosure or by deed in lieu of foreclosure, as described in Section 3.17.

  • Purchased Assets Subject to the terms and conditions of this Agreement, at the Closing, each Seller shall sell, convey, assign, transfer and deliver to the Buyer, and the Buyer shall purchase, free and clear of all Encumbrances, all right, title and interest of such Seller in and to the following Assets (collectively, the “Purchased Assets”):

  • Title to Transferred Assets From and including the Closing Date until such Servicing Rights Assets are transferred to Purchaser under Section 2.2, Seller shall be the sole holder and owner of the Servicing Rights Assets and shall have good and marketable title to the Servicing Rights Assets, free and clear of any Liens. Upon the sale of such Servicing Rights Assets pursuant to Section 2.2, Seller will transfer to Purchaser good and marketable title to the Servicing Rights Assets free and clear of any Liens. Seller is the sole holder and owner of the Rights to MSRs and the sale and delivery to Purchaser of the Rights to MSRs pursuant to the provisions of this Sale Supplement will transfer to Purchaser good and marketable title to the Rights to MSRs free and clear of any Liens.

  • Mortgaged Property The real property securing repayment of the debt evidenced by a Mortgage Note.

  • Portfolios The Target Portfolio and Acquiring Portfolio covenant and agree to dispose of certain assets prior to the Closing Date, but only if and to the extent necessary, so that at Closing, when the Assets are added to the Acquiring Portfolio’s portfolio, the resulting portfolio will meet the Acquiring Portfolio’s investment objective, policies and restrictions, as set forth in the Acquiring Portfolio’s Prospectus, a copy of which has been delivered to the Target Portfolio. Notwithstanding the foregoing, nothing herein will require the Target Portfolio to dispose of any portion of the Assets if, in the reasonable judgment of the Target Portfolio’s Directors or investment adviser, such disposition would create more than an insignificant risk that the Reorganization would not be treated as a “reorganization” described in Section 368(a) of the Code.

  • Mortgage Loans As of the Closing Date, in consideration of the Issuer’s delivery of the Notes and the Ownership Certificate to the Depositor or its designee, and concurrently with the execution and delivery of this Agreement, the Depositor does hereby transfer, assign, set over, deposit with and otherwise convey to the Issuer, without recourse, subject to Section 3.01, in trust, all the right, title and interest of the Depositor in and to all accounts, accounts receivable, contract rights, general intangibles, chattel paper, instruments, documents, money, deposit accounts, certificates of deposit, goods, notes, drafts, letters of credit, advices of credit, investment property, uncertificated securities claims and rights to payment of any and every kind consisting of, arising from or relating to any of the following: (a) the Mortgage Loans listed in the Mortgage Loan Schedule, and principal due and payable after the Cut-off Date, but not including interest and principal due and payable on any Mortgage Loans on or before the Cut-off Date, together with the Mortgage Files relating to such Mortgage Loans, (b) any Insurance Proceeds, REO Property, Liquidation Proceeds and other recoveries (in each case, subject to clause (a) above), (c) all Escrow Payments, (d) any Insurance Policies, (e) the rights of the Depositor under the Mortgage Loan Purchase Agreement, (f) the Depositor’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties, and (g) all income, revenues, issues, products, revisions, substitutions, replacements, profits, rents and all cash and non-cash proceeds of the foregoing to have and to hold, in trust; and the Indenture Trustee declares that, subject to the review provided for in Section 2.02, it has received and shall hold the Trust Estate, as Indenture Trustee, in trust, for the benefit and use of the Noteholders and for the purposes and subject to the terms and conditions set forth in this Agreement, and, concurrently with such receipt, the Issuer has issued and delivered the Notes and the Ownership Certificate to or upon the order of the Depositor, in exchange for the Mortgage Loans and the other property of the Trust Estate. Concurrently with the execution and delivery of this Agreement, the Depositor does hereby assign to the Issuer all of its rights and interest under the Mortgage Loan Purchase Agreement but without delegation of any of its obligations thereunder. The Issuer hereby accepts such assignment, and shall be entitled to exercise all the rights of the Depositor under the Mortgage Loan Purchase Agreement as if, for such purpose, it were the Depositor. Upon the issuance of the Notes, ownership in the Trust Estate shall be vested in the Issuer, subject to the lien created by the Indenture in favor of the Indenture Trustee, for the benefit of the Noteholders. The foregoing sale, transfer, assignment, set-over, deposit and conveyance does not and is not intended to result in creation or assumption by the Indenture Trustee of any obligation of the Depositor, the Seller, or any other Person in connection with the Mortgage Loans or any other agreement or instrument relating thereto except as specifically set forth herein. It is agreed and understood by the Seller, the Depositor and the Issuer (and the Depositor so represents and recognizes) that it is not intended that any Mortgage Loan to be included in the Trust Estate be (i) a "High-Cost Home Loan" as defined in the New Jersey Home Ownership Act effective November 27, 2003, (ii) a "High-Cost Home Loan" as defined in the New Mexico Home Loan Protection Act effective January 1, 2004, (iii) a "High-Cost Home Mortgage Loan" as defined in the Massachusetts Predatory Home Loan Practices Act effective November 7, 2004 or (iv) a "High Cost Home Loan" as defined in the Indiana Home Loan Practices Act effective January 1, 2005.

  • Portfolio The portfolio is due by the end of the 12th week.

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