Timeshare Declaration definition

Timeshare Declaration means the declaration or other document recorded in the real estate records of the applicable municipality or government office where a Resort is located for the purpose of creating and governing the rights of owners of Timeshare Properties related thereto, as it may be in effect from time to time.
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Timeshare Declaration means the document or documents which provide the legal framework for the establishment of the method of interval ownership and which is or are recorded at the office of the Clerk of Court, Register of Mesne Conveyance, or the Register of Deeds as may be determined by the county in which the vacation time sharing property is located.
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Timeshare Declaration the declaration or other document recorded/or to be recorded in the real estate records where the pertinent Timeshare Project is located for the purpose of creating and governing the rights of owners of Timeshare Interests related thereto, as it may be in effect from time to time.
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Examples of Timeshare Declaration in a sentence

  • Borrower (on behalf of itself and its Affiliates) hereby irrevocably waives any right of first refusal it may have to purchase Timeshare Interests (including without limitation the right of first refusal contained in any Timeshare Declaration in favor of Borrower, as declarant) with respect to any Timeshare Interests acquired by Lender, or its nominee or assignee, through the exercise or enforcement of the Lender’s rights related to the Collateral under this Agreement or the other Loan Documents.

  • Each Timeshare Association has the full power and authority to perform its/the obligations under the applicable Timeshare Declaration and its applicable Timeshare Management Agreement.

  • Such amenities include those listed in the applicable Timeshare Declaration.

  • Each Timeshare Association and each Purchaser of a Timeshare Interest has access to and the use of all of the amenities and public utilities of such Timeshare Project as and to the extent provided in the applicable Timeshare Declaration and the Timeshare Program Governing Documents.

  • Each Timeshare Project and each Timeshare Programs therein have been established and dedicated as a timeshare project, in material compliance with all Legal Requirements and with applicable Timeshare Declaration and other Timeshare Program Governing Documents, and matters affecting title or use of such Timeshare Project.

  • Promptly upon request of Lender, copies of each written notice or request, financial statement, budget or other information received by the Borrower under or with respect to a Timeshare Declaration and/or a Timeshare Association's Articles of Incorporation or By-Laws, whether in its capacity as Declarant, owner of a Unit, owner of a Timeshare Interest or otherwise.

  • Each Timeshare Project (including all amenities) has access over easements to a publicly dedicated road and all roadways, and parking lots that serve such Timeshare Project are and will be common elements or easement parcels under the applicable Timeshare Declaration.

  • If the Timeshare Declaration, any of the other documents creating or governing a Timeshare Project, its timeshare regime, or the Association, or the restrictive covenants with respect to a Timeshare Project, shall be terminated, amended or modified in any material adverse manner with respect to the Lender’s Collateral or the ability of the Borrower to Perform its Obligations.

  • To the extent there is a conflict or inconsistency between any Timeshare Declaration (as it pertains to the right of Borrower to affect the rights of mortgagees) and the Loan Documents, then, as between Borrower and Lender, the provisions of the Loan Documents shall prevail.

  • Promptly upon request of Lender, copies of each written notice or request, financial statement, budget or other information received by the Borrower under or with respect to the Timeshare Declaration and/or the Timeshare Association's Articles of Incorporation or By-Laws, whether in its capacity as Declarant, owner of a Unit, owner of Timeshare Inventory or otherwise.


More Definitions of Timeshare Declaration

Timeshare Declaration means the declaration or other document recorded in the real estate records of the applicable municipality or government office where a Resort is
Sample 1
Timeshare Declaration. With respect to any Resort, that certain timeshare declaration to be recorded in the appropriate land records office of the state in which such Resort is located, pursuant to which a timeshare regimen based on Intervals will be created in and to such Resort. The Timeshare Declaration may be combined with, and made a part of, the Declaration.
Sample 1
Timeshare Declaration means the Declaration of Condominium of The Palms Country Club and Resort, A Condominium, recorded in the Public Records of Osceola County, Florida, in Book 1545, at Page 2911, on October 27, 1998, as amended, restated, and/or supplemented from time to time.
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Timeshare Declaration. With respect to the Property, the Declaration of Covenants, Conditions and Restrictions for the Grand Flamingo Suites resort located in the metropolitan area of Las Vegas, Nevada which has been dedicated to timeshare ownership by Borrower pursuant to Declaration of Timeshare Ownership Covenants, Conditions and Restrictions recorded in the Official Records of Clarx Xxxnty, Nevada on November 8, 1991 in Book 911108 as Document No. 00235.
Sample 1
Timeshare Declaration means that certain Declaration of Condominium for Grande Villas at World Golf Village, a Condominium, a Bluegreen Vacation Club Resort, dated as of January 7, 2004, and recorded at Book 2126, Page 1051, on January 23, 2004, in the Public Records of St. Johns County, Florida, as it may be amended, restated or supplemxxxxx from time to time.
Sample 1

Related to Timeshare Declaration

  • Compliance Declaration means a compliance declaration substantially in the form set out in Schedule F;

  • Timeshare Property means one or more accommodations subject to the same timeshare instrument, together with any other property or rights to property appurtenant to those accommodations.

  • Affiliate of a declarant means any person who controls, is controlled by, or is under common control with a declarant. A person controls a declarant if the person: is a general partner, officer, director, or employee of the declarant; directly or indirectly, or acting in concert with one or more other persons or through one or more subsidiaries, owns, controls, holds with power to vote, or holds proxies representing more than twenty percent of the voting interests of the declarant; controls in any manner the election of a majority of the directors of the declarant, or has contributed more than twenty percent of the capital of the declarant. A person is controlled by a declarant if the declarant: is a general partner, officer, director, or employee of the person, directly or indirectly, or acting in concert with one or more other persons or through one or more subsidiaries, owns, controls, holds with power to vote, or holds proxies representing more than twenty percent of the voting interests of the person; controls in any manner the election of a majority of the directors of the person; or has contributed more than twenty percent of the capital of the person. Control does not exist if the powers described in this subsection (1) are held solely as security for an obligation and are not exercised.

  • Site Host Load means the electric energy produced by or associated with the Facility that serves electrical loads (that are not Station Use) of Seller or one or more third parties conducted pursuant to California Public Utilities Code Section 218(b).

  • Operating Agreement means this Operating Agreement as originally executed and as amended from time to time.

  • Special declarant rights means rights reserved for the benefit of a declarant to: