Scottsdale Links Sample Clauses

Scottsdale Links. There are currently eleven (11) units dedicated to Diamond Resorts U.S. Collection (f/k/a Club Sunterra Vacations) that are actually not available for guest use and points being sold against this inventory are not supported because these units are being utilized for back office operations. In the meantime, Diamond Resorts U.S. Collection Development, LLC (the “DRUSC”) has used developer space to accommodate owner requests and maintain the one-to-one property to points ratio required by law. DRUSC is currently evaluating the situation.
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Scottsdale Links. There are currently ten (10) units dedicated to Diamond Resorts U.S. Collection that are actually not available for guest use and points being sold against this inventory are not supported because these units are being utilized for back office operations. In the meantime, Diamond Resorts U.S. Collection Development, LLC (the “DRUSC”) has used developer space to accommodate owner requests and maintain the one-to-one property to points ratio required by law. Desert Paradise There are currently four (4) units at Desert Paradise Resort that are dedicated to Diamond Resorts U.S. Collection that are actually not available for guest use and points being sold against this inventory are not supported because these units are being utilized for back office operations. In the meantime, DRUSC has used developer space to accommodate owner requests and maintain the one-to-one property to points ratio required by law. Schedule III-5 KL2 2787979.5 Exhibit A Schedule of Timeshare Loans (as updated from time to time, as required by the Purchase Agreement) KL2 2787979.5 Exhibit B Form of Timeshare Loan Transfer Certificate TRANSFER OF TIMESHARE LOANS PURSUANT TO PURCHASE AGREEMENT DIAMOND RESORTS DEPOSITOR 2008 LLC This TRANSFER OF TIMESHARE LOANS (this “Subsequent Transfer Certificate”), dated _________________, 201_, is acknowledged by Diamond Resorts Finance Holding Company, a Delaware corporation (the “Seller”) and Diamond Resorts Depositor 2008 LLC, a Delaware limited liability company (the “Depositor”). Capitalized terms not defined herein shall have the meanings assigned to them in or incorporated by reference in that certain Fourth Amended and Restated Purchase Agreement, dated as of April 1, 2013, by and between the Seller, as seller and the Depositor, as purchaser (the “Purchase Agreement”). The Seller, concurrently with the execution and delivery hereof, does hereby sell, transfer, assign and grant to the Depositor, pursuant to Section 2(a) of the Purchase Agreement, and the Depositor does hereby purchase and accept such transfer, assignment and grant, all right, title and interest of the Seller in and to (i) the Timeshare Loans listed on the Schedule of Timeshare Loans attached as Exhibit A to the Purchase Agreement and amended in regard to the Subsequent Timeshare Loans on the date hereof and (ii) the other Conveyed Timeshare Property related to such Timeshare Loans. This Transfer Certificate sets forth the following additional terms applicable to the Purchase Ag...
Sample 1
Scottsdale Links. There are currently ten (10) units dedicated to Diamond Resorts U.S. Collection that are actually not available for guest use and points being sold against this inventory are not supported because these units are being utilized for back office operations. In the meantime, Diamond Resorts U.S. Collection Development, LLC (the “DRUSC”) has used developer space to accommodate owner requests and maintain the one-to-one property to points ratio required by law. Desert Paradise There are currently four (4) units at Desert Paradise Resort that are dedicated to Diamond Resorts U.S. Collection that are actually not available for guest use and points being sold against this inventory are not supported because these units are being utilized for back office operations. In the Schedule III-6 KL2 2879244.6 meantime, DRUSC has used developer space to accommodate owner requests and maintain the one-to-one property to points ratio required by law. Cabo Azul Resort In September 2014, Cabo Azul Resort and the surrounding area in Baja California, Mexico were severely affected by the landfall of Hurricane Odile. The storm damaged all six (6) buildings at the resort and the related amenities and other facilities at the resort. The resort sustained various levels of structural and cosmetic damage, including to both the interior and exterior of the resort structures. The Developer continues to evaluate the extent and severity of the damage, including related costs and the timeframe to complete any necessary repairs. The entire resort is temporarily out of service, pending completion of necessary repairs to both the resort and the infrastructure of the surrounding area. . Schedule III-7 KL2 2879244.6 Exhibit A Schedule of Timeshare Loans [Electronic Schedule of Timeshare Loans on file with Indenture Trustee] KL2 2879244.6 Exhibit B Form of Timeshare Loan Transfer Certificate TRANSFER OF TIMESHARE LOANS PURSUANT TO SALE AGREEMENT DIAMOND RESORTS ISSUER 2008 LLC This TRANSFER OF TIMESHARE LOANS (this “Subsequent Transfer Certificate”), dated ______ __, 201_, is acknowledged by Diamond Resorts Depositor 2008 LLC, a Delaware limited liability company (the “Depositor”) and Diamond Resorts Issuer 2008 LLC, a Delaware limited liability company (the “Issuer”). Capitalized terms not defined herein shall have the meanings assigned to them in or incorporated by reference in that certain Fourth Amended and Restated Sale Agreement, dated as of January 30, 2015, by and between the Depositor, as...
Sample 1

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