Common use of INTEREST IN REAL PROPERTY Clause in Contracts

INTEREST IN REAL PROPERTY. The VOI or Lot underlying such ---------------------------- Contract is an interest in real property consisting of either (a) a fixed week or undivided interest in fee simple in a lodging unit or group of lodging units at a Development, (b) an undivided leasehold interest in any lodging unit located at the Harbortown Marina Resort Hotel in Ventura County, California or the Pagosa Mountain Xxxxxxx VOI Regime at the Pagosa Development in Xxxxxxxxx County, Colorado or (c) if a lot, a fee simple interest in real property; and in each case such VOI or Lot has been deeded to the Nominee pursuant to the terms of one of the Title Clearing Agreements, or has been deeded to the relevant Obligor in accordance with the requirements of the applicable Contract or applicable law.

INTEREST IN REAL PROPERTY. The VOI or Lot underlying such ---------------------------- Contract is ------------------------- an interest in real property consisting of either (a) a fixed week Fixed Week or undivided interest in fee simple in a lodging unit or group of lodging units at a Development, (b) an undivided leasehold interest in any lodging unit located at the Harbortown Marina Resort Hotel in Ventura County, California or the Pagosa Mountain Xxxxxxx VOI Regime at the Pagosa Development in Xxxxxxxxx County, Colorado Colorado, or (c) if a lotLot, a fee simple interest in real property; and in each case such VOI or Lot has been deeded to the Nominee pursuant to the terms of one of the Title Clearing Agreements, or has been deeded to the relevant Obligor in accordance with the requirements of the applicable Contract or applicable law.

INTEREST IN REAL PROPERTY. The VOI or Lot underlying such ---------------------------- Contract ------------------------- is an interest in real property consisting of either (a) a fixed week or undivided interest in fee simple in a lodging unit or group of lodging units at a Development, (b) an undivided leasehold interest in any lodging unit located at the Harbortown Marina Resort Hotel in Ventura County, California or the Pagosa Mountain Xxxxxxx VOI Regime at the Pagosa Development in Xxxxxxxxx County, Colorado or (c) if a lot, a fee simple interest in real property; and in each case such VOI or Lot has been deeded to the Nominee pursuant to the terms of one of the Title Clearing Agreements, or has been deeded to the relevant Obligor in accordance with the requirements of the applicable Contract or applicable law.

INTEREST IN REAL PROPERTY. The VOI or Lot underlying such ---------------------------- Contract ------------------------- is an interest in real property consisting of either (a) a fixed week Fixed Week or undivided interest in fee simple in a lodging unit or group of lodging units at a Development, (b) an undivided leasehold interest in any lodging unit located at the Harbortown Marina Resort Hotel in Ventura County, California or the Pagosa Mountain Xxxxxxx VOI Regime at the Pagosa Development in Xxxxxxxxx County, Colorado Colorado, or (c) if a lotLot, a fee simple interest in real property; and in each case such VOI or Lot has been deeded to the Nominee pursuant to the terms of one of the Title Clearing Agreements, or has been deeded to the relevant Obligor in accordance with the requirements of the applicable Contract or applicable law.