Timeshare developer definition
Timeshare developer means an individual, partnership, limited liability company, corporation, or other legal entity, or the successor or assignee thereof, who creates a timeshare plan or who is in the business of making sales of timeshare interests which it owns or purports to own.
Timeshare developer. With respect to any timeshare resort or vacation club (including any accompanying recreational facilities) relating to any Timeshare Loan, the Person or Persons, including any Affiliate or guarantor thereof, responsible for the construction, development, maintenance or operation thereof.
Timeshare developer unless otherwise set forth in the terms of the applicable Transfer Agreement, the Originators that offer and solicit offers to purchase Timeshare Interests related to the Collateral.