DRFS definition

DRFS means Diamond Resorts Financial Services, Inc., a Nevada corporation.
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DRFS means Diamond Resorts Financial Services, Inc., a Nevada corporation. “Diamond Resorts Marketing and Sales Percentage” shall equal the average of the selling and marketing expenses as a percentage of total Timeshare Property sales as reported by Diamond Resorts Corporation, over the last four quarters; provided that if such quarter is a quarter ending on December 31, the Diamond Resorts Marketing and Sales Percentage will be based on the selling and marketing expenses for the most recent year.
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DRFS means Diamond Resorts Financial Services, Inc., a Nevada corporation. “Diamond Resorts Entity” means the Issuer, the Seller, the Servicer, each Performance Guarantor, each Collection Developer and their respective Affiliates. “Diamond Resorts Marketing and Sales Percentage” shall equal the average of the selling and marketing expenses as a percentage of total Timeshare Property sales as reported by DRII, over the last four quarters; provided that if such quarter is a quarter ending on December 31, the Diamond Resorts Marketing and Sales Percentage will be based on the selling and marketing expenses for the most recent year. “DRC” shall mean Diamond Resorts Corporation, a Maryland corporation. “DRII” shall mean Diamond Resorts International, Inc., a Delaware corporation. “Due Period” shall mean with respect to any Payment Date is the immediately preceding calendar month. “Eligible Bank Account” shall mean a segregated account, which may be an account maintained with the Indenture Trustee, which is either (a) maintained with a depository institution or trust company whose long‑term unsecured debt obligations are rated at least BBB by S&P and whose short‑term unsecured obligations are rated at least A‑2 by S&P; or (b) a trust account or similar account maintained at the corporate trust department of the Indenture Trustee, acting in a fiduciary capacity, and the account is governed by Title 12 section 9.10(b) of the U.S. Code of Federal Regulations (Title 12 Regulations) or a similar U.S. state law. “Eligible Investments” shall mean one or more of the following obligations or securities:
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Examples of DRFS in a sentence

  • In evaluating a credit application, DRFS will review and consider information that has a demonstrable relationship to the credit decision.

  • It is the expectation of DRFS that this policy will address the vast majority of sales transactions.

  • It is expressly understood and agreed by the parties hereto that DRFS is executing this Indenture solely as Servicer and DRFS undertakes to perform such duties and only such duties as are specifically set forth in this Indenture applicable to the Servicer.

  • Subject to the terms and conditions herein, the Issuer hereby appoints DRFS as the initial Servicer hereunder.

  • The credit underwriting will be authorized by personnel in the DRFS Contracts Department.

  • DRFS management or their designee will approve every financed sale before a loan is scheduled for escrow close.

  • All new financed sales are subject to credit underwriting by DRFS.

  • In that regard, WKC, MAMA, and its shareholder agree that DRFS shall have full and complete access to the books, records, financial statements and other documents (including without limitation, articles of incorporation, bylaws, minutes, stock transfer books, material contracts, and tax returns) of MAMA as DRFS, its legal counsel, and accountants, may deem reasonable or necessary to conduct an adequate due diligence investigation and review.

  • DRFS, or its wholly-owned subsidiary Dr. Foods Co., Ltd., will acquire, from WKC (the “Seller”), one hundred percent (100%) of all of the issued and outstanding shares of all classes of stock (the “Shares”) of MAMA (the “Acquisition”).

  • The below terms, conditions, and consideration to be exchanged pursuant to a future definitive agreement for an acquisition of MAMA by DRFS from WKC may be changed, and or renegotiated, if agreed upon by all parties.