Common use of Operating Contracts Clause in Contracts

Operating Contracts. The contracts, agreements and arrangements comprising those agreements or arrangements relating to the operation of the Resorts, including without limitation, with respect to utilities, maintenance, management, services, marketing and sales under which the fees to be paid equal or exceed $50,000.00 (collectively, all such agreements and arrangements are referred to herein as the “Operating Contracts”) are unmodified and in full force and effect and shall remain free and clear of any lien.

Appears in 6 contracts

Samples: Loan and Security Agreement (Silverleaf Resorts Inc), Loan, Security and Agency Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)

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Operating Contracts. The contracts, agreements and arrangements comprising those agreements or arrangements relating to the operation of the Resorts, including without limitation, with respect to utilities, maintenance, management, services, marketing and sales under which the fees to be paid equal or exceed $50,000.00 (collectively, all such agreements and arrangements are referred to herein as the “Operating Contracts”"OPERATING CONTRACTS") are unmodified and in full force and effect and shall remain free and clear of any lien.

Appears in 2 contracts

Samples: Loan, Security and Agency Agreement (Silverleaf Resorts Inc), Security and Agency Agreement (Silverleaf Resorts Inc)

Operating Contracts. The contracts, agreements and arrangements comprising those agreements or arrangements relating necessary, in Lender's reasonable judgement, to the operation of the Resorts, including without limitation, with respect to utilities, maintenance, management, services, marketing and sales under which the fees to be paid equal or exceed $50,000.00 (collectively, all such agreements and arrangements are referred to herein as the “Operating Contracts”"OPERATING CONTRACTS") are unmodified and in full force and effect and shall remain free and clear of any lienLien.

Appears in 1 contract

Samples: Loan and Security Agreement (Silverleaf Resorts Inc)

Operating Contracts. The contracts, agreements and arrangements comprising those agreements or arrangements relating to the operation of the Resorts, including without limitation, with respect to utilities, maintenance, management, services, marketing and sales under which the fees to be paid equal or exceed $50,000.00 (collectively, all such agreements and arrangements are referred to herein as the "Operating Contracts") are unmodified and in full force and effect and shall remain free and clear of any lien.

Appears in 1 contract

Samples: Loan, Security and Agency Agreement (Silverleaf Resorts Inc)

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Operating Contracts. The contracts, agreements and arrangements comprising those agreements or arrangements relating necessary, in Lender's reasonable judgement, to the operation of the Resorts, including without limitation, with respect to utilities, maintenance, management, services, marketing and sales under which the fees to be paid equal or exceed $50,000.00 (collectively, all such agreements and arrangements are referred to herein as the "Operating Contracts") are unmodified and in full force and effect and shall remain free and clear of any lienLien.

Appears in 1 contract

Samples: Loan and Security Agreement (Silverleaf Resorts Inc)

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