Common use of The Indenture Trustee Clause in Contracts

The Indenture Trustee. 49 SECTION 7.1. Certain Duties.................................................................................................. 49 SECTION 7.2. Notice of Events of Default.................................................................................. 50 SECTION 7.3. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12. Paying Agent and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 4

The Indenture Trustee. 49 SECTION 7.1. 6.1 Certain Duties.................................................................................................. 49 Duties and Responsibilities.............................................52 SECTION 7.2. Notice 6.2 Certain Rights of Events of Default.................................................................................. 50 SECTION 7.3. Certain Matters Affecting the Indenture Trustee.......................................................... 50 .........................................53 SECTION 7.4. Indenture Trustee 6.3 Not Liable Responsible for Recitals, Validity of the Notes or Timeshare Loans.................................... 5152 Application of the Proceeds.....................................................55 SECTION 7.5.Indenture Trustee 6.4 May Own Hold Notes........................................................................ 52 ; Collections, Etc................................................55 SECTION 7.6. 6.5 Funds Held By Indenture Trustee’s Fees .................................................55 SECTION 6.6 Compensation; Reimbursement; Indemnification....................................55 SECTION 6.7 Corporate Trustee Required; Eligibility.........................................56 SECTION 6.8 Resignation and Expenses.................................................................... 52 Removal; Appointment of Successor Trustee.......................57 SECTION 7.7. Eligibility Requirements for Indenture 6.9 Acceptance of Appointment by Successor Trustee...................................................... 5253 ..................................59 SECTION 7.8.Resignation 6.10 Merger, Conversion, Consolidation or Removal Succession to Business of Indenture Trustee...................................................... 5253 ............................................................60 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation 6.11 Limitations on Rights of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12. Paying Agent and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 4as Creditor..........................61

The Indenture Trustee. 49 48 SECTION 7.1. Certain Duties.................................................................................................. 49 6.01 Duties of Indenture Trustee ...................................................... 48 SECTION 7.2. 6.02 Rights of Indenture Trustee ...................................................... 50 SECTION 6.03 Individual Rights of Indenture Trustee ........................................... 51 SECTION 6.04 Indenture Trustee's Disclaimer ................................................... 52 SECTION 6.05 Notice of Events of Default.................................................................................. 50 Defaults ............................................................... 52 SECTION 7.3. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. 6.06 Reports by Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ to Holders .......................................... 52 SECTION 7.6. Indenture Trustee’s Fees 6.07 Compensation and Expenses.................................................................... Indemnity ....................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal 6.08 Replacement of Indenture Trustee...................................................... 5253 Trustee ................................................. 53 SECTION 7.9.Successor 6.09 Successor Indenture Trustee.......................................................................... 5354 Trustee by Merger ............................................ 54 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment 6.10 Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. Trustee ................ 55 SECTION 7.12. Paying 6.11 Eligibility ...................................................................... 56 SECTION 6.12 Collateral Agent and Note Registrar Rights.......................................................... 5657 to Follow Indenture Trustee's Instructions ...................... 56 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance 6.13 Preferential Collection of Office or Agency........................................................................ Claims Against Issuer ................................. 57 4ii Indenture

The Indenture Trustee. 49 SECTION 7.139 Section 10.1. Certain Duties.................................................................................................. 49 SECTION 7.2Duties of the Indenture Trustee.......................................................39 Section 10.2. Rights of the Indenture Trustee.......................................................41 Section 10.3. Indenture Trustee's Disclaimer........................................................42 Section 10.4. Indenture Trustee May Own Investor Notes..............................................42 Section 10.5. Notice of Events of Default.................................................................................. 50 SECTION 7.3Defaults....................................................................42 Section 10.6. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7Compensation..........................................................................43 Section 10.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation ........................................43 Section 10.8. Resignation or Removal of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor ...........................................44 Section 10.9. Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment Trustee by Merger.................................................45 Section 10.10. Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12.....................45 Section 10.11. Paying Agent Representations and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance Warranties of Office or Agency........................................................................ 57 4Indenture Trustee...................................47

The Indenture Trustee. 49 SECTION 7.136 Section 6.01. Certain Duties.................................................................................................. 49 SECTION 7.2Duties of Indenture Trustee...............................36 Section 6.02. Rights of Indenture Trustee...............................37 Section 6.03. Individual Rights of Indenture Trustee....................37 Section 6.04. Indenture Trustee's Disclaimer............................37 Section 6.05. Notice of Events Event of Default.................................................................................. 50 SECTION 7.3................................38 Section 6.06. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Reports by Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6to Noteholders...............38 Section 6.07. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7Compensation..............................................38 Section 6.08. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal Replacement of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor ..........................38 Section 6.09. Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment Trustee by Merger.....................39 Section 6.10. Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12.........................................40 Section 6.11. Paying Agent Eligibility; Disqualification.............................41 Section 6.12. Preferential Collection of Claims Against Issuer..........42 Section 6.13. Representations and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 4Warranties............................42 Section 6.14. Directions to Indenture Trustee...........................42 Section 6.15. Conflicting Instructions..................................43

The Indenture Trustee. 49 SECTION 7.1Section 6.01. Certain Duties.................................................................................................. 49 SECTION 7.2Duties Of Indenture Trustee.......................................................................50 Section 6.02. Notice of Events of Of Default.................................................................................. 50 SECTION 7.3.................................................................................52 Section 6.03. Certain Matters Affecting the Rights Of Indenture Trustee.......................................................... 50 SECTION 7.4.......................................................................52 Section 6.04. Not Responsible For Recitals Or Issuance Of Notes.................................................52 Section 6.05. May Hold Notes....................................................................................53 Section 6.06. Money Held In Trust...............................................................................53 Section 6.07. Eligibility, Disqualification.....................................................................53 Section 6.08. Indenture Trustee's Capital And Surplus...........................................................53 Section 6.09. Resignation And Removal; Appointment Of Successor.................................................53 Section 6.10. Acceptance Of Appointment By Successor............................................................55 Section 6.11. Merger, Conversion, Consolidation Or Succession To Business Of Indenture Trustee..................55 Section 6.12. Preferential Collection Of Claims Against Issuer..................................................56 Section 6.13. Co-Indenture Trustees And Separate Indenture Trustees.............................................56 Section 6.14. Authenticating Agents.............................................................................57 Section 6.15. [Reserved]........................................................................................58 Section 6.16. Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6. Indenture Trustee’s Fees and And Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12. Paying Agent and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 4...............................................................58

The Indenture Trustee. 49 53 SECTION 7.1. Certain Duties.................................................................................................. 49 Duties ...............................................53 SECTION 7.2. Notice of Events of Default.................................................................................. 50 Default ..................................55 SECTION 7.3. Certain Matters Affecting the Indenture Trustee.......................................................... 50 Trustee ..............55 SECTION 7.4. Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 Loans ....56 SECTION 7.5.Indenture 7.5. Indenture Trustee May Own Notes........................................................................ 52 Notes ..............................56 SECTION 7.6. Indenture Trustee’s 's Fees and Expenses.................................................................... 52 Expenses ........................56 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 Trustee ...............57 SECTION 7.8.Resignation 7.8. Resignation or Removal of Indenture Trustee...................................................... 5253 Trustee ..................57 SECTION 7.9.Successor 7.9. Successor Indenture Trustee.......................................................................... 5354 Trustee ..................................58 SECTION 7.10.Merger 7.10. Merger or Consolidation of Indenture Trustee.................................................... 5455 Trustee .................59 SECTION 7.11.Appointment 7.11. Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 Trustee ............................................59 SECTION 7.12. Paying Agent and Note Registrar Rights.......................................................... 5657 Rights .......................61 SECTION 7.13.Authorization.......................................................................................... 5657 7.13. Authorization ................................................61 SECTION 7.14.Maintenance 7.14. Maintenance of Office or Agency........................................................................ 57 4Agency ..............................61

The Indenture Trustee. 49 SECTION 7.1Section 6.01. Certain Duties.................................................................................................. 49 SECTION 7.2Duties of the Indenture Trustee...................................................47 Section 6.02. Notice of Events Early Redemption Event, Reinvestment Event or Event of Default.................................................................................. 50 SECTION 7.3..........49 Section 6.03. Certain Matters Affecting the Indenture Trustee.......................................................... ...................................50 SECTION 7.4Section 6.04. Not Responsible for Recitals or Issuance of Notes.................................51 Section 6.05. Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Hold Notes........................................................................ ..................................................51 Section 6.06. Money Held in Trust...............................................................51 Section 6.07. Compensation, Reimbursement and Indemnification...................................52 SECTION 7.6Section 6.08. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal Replacement of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor ..................................................52 Section 6.09. Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment Trustee by Merger.............................................54 Section 6.10. Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12.................54 Section 6.11. Paying Agent Eligibility; Disqualification.....................................................56 Section 6.12. Representations and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance Warranties of Office or Agency........................................................................ 57 4the Indenture Trustee...........................56 Section 6.13. Preferential Collection of Claims Against Issuer..................................56 Section 6.14. Tax Returns.......................................................................56 Section 6.15. Custody of the Trust Estate.......................................................57

The Indenture Trustee. 49 52 SECTION 7.16.1. Certain Duties.................................................................................................. 49 Duties of Indenture Trustee..................52 SECTION 7.26.2. Rights of Indenture Trustee..................53 SECTION 6.3. Individual Rights of Indenture Trustee.....................................55 SECTION 6.4. Indenture Trustee's Disclaimer...............55 SECTION 6.5. Notice of Events Defaults; Insolvency or Dissolution of Default.................................................................................. 50 Depositor or General Partner.....................................55 SECTION 7.36.6. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Reports by Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 to Noteholders.................................56 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 6.7. Compensation and Indemnity...................56 SECTION 7.66.8. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal Replacement of Indenture Trustee...................................................... 5253 .............57 SECTION 7.9.Successor 6.9. Successor Indenture Trustee.......................................................................... 5354 Trustee by Merger......................................59 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment 6.10. Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 ...............60 SECTION 7.126.11. Paying Agent Eligibility; Disqualification................61 SECTION 6.12. Preferential Collection of Claims Against Issuer..............................63 ARTICLE VII NOTEHOLDERS' LISTS AND REPORTS................................64 SECTION 7.1. Issuer To Furnish Indenture Trustee Names and Note Registrar Rights.......................................................... 5657 Addresses of Noteholders..........64 SECTION 7.13.Authorization.......................................................................................... 5657 7.2. Preservation of Information; Communications to Noteholders...............64 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 47.3. Reports by Issuer............................65 SECTION 7.4. Reports by Indenture Trustee.................65 ARTICLE VIII ACCOUNTS, DISBURSEMENTS AND RELEASES..........................67

The Indenture Trustee. 49 SECTION 7.152 Section 6.01. Certain Duties.................................................................................................. 49 SECTION 7.2Duties of the Indenture Trustee...................................................52 Section 6.02. Notice of Events Amortization Event or Event of Default.................................................................................. 50 SECTION 7.3..................................54 Section 6.03. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal Rights of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger .......................................................54 Section 6.04. Not Responsible for Recitals or Consolidation Issuance of Notes.................................55 Section 6.05. May Hold Notes....................................................................56 Section 6.06. Money Held in Trust...............................................................56 Section 6.07. Compensation, Reimbursement and Indemnification...................................56 Section 6.08. Replacement of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment ..................................................57 Section 6.09. Successor Indenture Trustee by Merger.............................................58 Section 6.10. Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12.................58 Section 6.11. Paying Agent Eligibility; Disqualification.....................................................59 Section 6.12. Preferential Collection of Claims Against.........................................60 Section 6.13. Tax Returns.......................................................................60 Section 6.14. Representations and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance Covenants of Office or Agency........................................................................ 57 4the Indenture Trustee............................60 Section 6.15. Custody of the Collateral.........................................................60

The Indenture Trustee. 49 SECTION 7.1. Certain Duties.................................................................................................. 49 SECTION 7.2. 89 Section 7.01 Duties of the Indenture Trustee .............................................. 89 Section 7.02 Notice of Events Event of Default.................................................................................. 50 SECTION 7.3. Certain Matters Affecting Insolvency or Event of Default ............................ 92 Section 7.03 Rights of the Indenture TrusteeTrustee .............................................. 92 Section 7.04 Not Responsible for Recitals, Issuance of Notes or Application of Moneys as Directed ..................................................................... 92 Section 7.05 May Hold Notes ............................................................... 93 Section 7.06 Money Held in Trust .......................................................... 50 SECTION 7.4. 93 Section 7.07 Compensation and Indemnity ................................................... 93 Section 7.08 Eligibility; Disqualification ................................................ 95 Section 7.09 [Reserved] ................................................................... 95 Section 7.10 Resignation and Removal; Appointment of Successor ............................ 96 Section 7.11 Acceptance of Appointment by Successor ....................................... 97 Section 7.12 Merger, Conversion, Consolidation or Succession to Business of the Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment of ...................................................................... 97 Section 7.13 Co-Indenture Trustee or trustees and Separate Indenture Trustee.............................. 55 SECTION 7.12. Paying Agent and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 4Trustees ............................................ 98

The Indenture Trustee. 49 SECTION 7.1Section 6.01. Certain Duties.................................................................................................. 49 SECTION 7.2Duties of the Indenture Trustee...............................................47 Section 6.02. Notice of Events Early Redemption Event, Reinvestment Event or Event of Default.................................................................................. 50 SECTION 7.3......49 Section 6.03. Certain Matters Affecting the Indenture Trustee.......................................................... ...............................50 SECTION 7.4Section 6.04. Not Responsible for Recitals or Issuance of Notes.............................51 Section 6.05. Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Hold Notes........................................................................ ..............................................51 Section 6.06. Money Held in Trust...........................................................51 Section 6.07. Compensation, Reimbursement and Indemnification...............................52 SECTION 7.6Section 6.08. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal Replacement of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor ..............................................52 Section 6.09. Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment Trustee by Merger.........................................54 Section 6.10. Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12.............54 Section 6.11. Paying Agent Eligibility; Disqualification.................................................56 Section 6.12. Representations and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance Warranties of Office or Agency........................................................................ 57 4the Indenture Trustee.......................56 Section 6.13. Preferential Collection of Claims Against Issuer..............................56 Section 6.14. Tax Returns...................................................................56 Section 6.15. Custody of the Trust Estate...................................................57

The Indenture Trustee. 49 SECTION 7.1. Certain Duties.................................................................................................. 49 SECTION 7.2. Notice 80 Section 7.01 Duties of Events of Default.................................................................................. 50 SECTION 7.3. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. ..................80 Section 7.02 Notice of Event of Insolvency or Event of Default.......................................83 Section 7.03 Rights of the Indenture Trustee Trustee..................83 Section 7.04 Not Liable Responsible for Recitals, Issuance of Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee Application of Moneys as Directed.............83 Section 7.05 May Own Hold Notes........................................................................ 52 SECTION 7.6. ...................................84 Section 7.06 Money Held in Trust..............................84 Section 7.07 Compensation and Indemnity.......................84 Section 7.08 Eligibility; Disqualification....................86 Section 7.09 [Reserved.]......................................87 Section 7.10 Resignation and Removal; Appointment of Successor........................................87 Section 7.11 Acceptance of Appointment by Successor...........88 Section 7.12 Merger, Conversion, Consolidation or Succession to Business of the Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment of .............88 Section 7.13 Co-Indenture Trustee or trustees and Separate Indenture Trustee.............................. 55 SECTION 7.12. Paying Agent and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 4Trustees................89

The Indenture Trustee. 49 SECTION 7.1. Certain Duties.................................................................................................. 49 SECTION 7.2. Notice of Events of Default.................................................................................. 50 SECTION 7.3. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal 37 Section 6.01 Duties of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation ...............................37 Section 6.02 Rights of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment ...............................38 Section 6.03 Individual Rights of Indenture Trustee....................38 Section 6.04 Indenture Trustee's Disclaimer............................38 Section 6.05 Notice of Event of Default................................39 Section 6.06 Reports by Indenture Trustee to Holders...................39 Section 6.07 Compensation and Indemnity................................39 Section 6.08 Replacement of Indenture Trustee..........................40 Section 6.09 Successor Indenture Trustee by Merger.....................41 Section 6.10 Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12. Paying Agent .........................................41 Section 6.11 Xxxxxxxxxxx; Disqualification.............................42 Section 6.12 Preferential Collection of Claims Against Issuer..........42 Section 6.13 Representation and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance Warranty...............................42 Section 6.14 Directions to Indenture Trustee...........................43 Section 6.15 [No Consent to Certain Acts of Office or Agency........................................................................ 57 4Depositor..................43 Section 6.16 Indenture Trustee May Own Securities......................43

The Indenture Trustee. 49 52 SECTION 7.16.1. Certain Duties.................................................................................................. 49 Duties of Indenture Trustee.................................. 52 SECTION 7.26.2. Rights of Indenture Trustee.................................. 53 SECTION 6.3. Individual Rights of Indenture Trustee....................... 55 SECTION 6.4. Indenture Trustee's Disclaimer............................... 55 SECTION 6.5. Notice of Events Defaults; Insolvency or Dissolution of Default.................................................................................. 50 Depositor or General Partner................................. 55 SECTION 7.36.6. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Reports by Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 to Noteholders.................. 56 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 6.7. Compensation and Indemnity................................... 56 SECTION 7.66.8. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal Replacement of Indenture Trustee...................................................... 5253 ............................. 57 SECTION 7.9.Successor 6.9. Successor Indenture Trustee.......................................................................... 5354 Trustee by Merger........................ 59 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment 6.10. Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 ............................................ 60 SECTION 7.126.11. Paying Agent and Note Registrar Rights.......................................................... 5657 Eligibility; Disqualification................................ 60 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance 6.12. Preferential Collection of Office or Agency........................................................................ 57 4Claims Against Issuer............. 63

The Indenture Trustee. 49 SECTION 7.1. Certain Duties.................................................................................................. 49 SECTION 7.2. Notice 91 Section 7.01 Duties of Events of Default.................................................................................. 50 SECTION 7.3. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. ......................................91 Section 7.02 Notice of Event of Insolvency or Event of Default....................93 Section 7.03 Rights of the Indenture Trustee Trustee......................................93 Section 7.04 Not Liable Responsible for Recitals, Issuance of Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee Application of Moneys as Directed....................................94 Section 7.05 May Own Hold Notes........................................................................ 52 SECTION 7.6. .......................................................94 Section 7.06 Money Held in Trust..................................................94 Section 7.07 Compensation and Indemnity...........................................94 Section 7.08 Eligibility; Disqualification........................................96 Section 7.09 [Reserved]...........................................................97 Section 7.10 Resignation and Removal; Appointment of Successor....................97 Section 7.11 Acceptance of Appointment by Successor...............................98 Section 7.12 Merger, Conversion, Consolidation or Succession to Business of the Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment of ....................................98 Section 7.13 Co-Indenture Trustee or trustees and Separate Indenture Trustee.............................. 55 SECTION 7.12. Paying Agent and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 4Trustees....................................99

The Indenture Trustee. 49 29 SECTION 7.16.1. Certain Duties.................................................................................................. 49 Duties of Indenture Trustee............................29 SECTION 7.26.2. Rights of Indenture Trustee............................31 SECTION 6.3. Individual Rights of Indenture Trustee.................31 SECTION 6.4. Indenture Trustee's Disclaimer.........................32 SECTION 6.5. Notice of Events of Default.................................................................................. 50 Defaults.....................................32 SECTION 7.36.6. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Reports by Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 to Registered Owners......32 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 6.7. Compensation and Indemnity.............................32 SECTION 7.66.8. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal Replacement of Indenture Trustee...................................................... 5253 .......................32 SECTION 7.9.Successor 6.9. Successor Indenture Trustee.......................................................................... 5354 Trustee by Merger..................33 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment 6.10. Appointment of Co-Indenture Trustee or Separate Separate-Indenture Trustee.............................. 55 .............................34 SECTION 7.126.11. Paying Agent and Note Registrar Rights.......................................................... 5657 Eligibility; Disqualification..........................35 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance 6.12. Maintenance of Office or Agency........................................................................ 57 4........................35

The Indenture Trustee. 49 SECTION 7.1. Certain Duties.................................................................................................. 49 SECTION 7.2. Notice 86 Section 7.01 Duties of Events of Default.................................................................................. 50 SECTION 7.3. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. ..........................86 Section 7.02 Notice of Event of Default...............................88 Section 7.03 Rights of the Indenture Trustee Trustee..........................89 Section 7.04 Not Liable Responsible for Recitals, Issuance of Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee Application of Moneys as Directed...............89 Section 7.05 May Own Hold Notes........................................................................ 52 SECTION 7.6. ...........................................89 Section 7.06 Money Held in Trust......................................89 Section 7.07 Compensation and Indemnity...............................90 Section 7.08 Eligibility; Disqualification............................91 Section 7.09 [Reserved]...............................................92 Section 7.10 Resignation and Removal; Appointment of Successor........92 Section 7.11 Acceptance of Appointment by Successor...................93 Section 7.12 Merger, Conversion, Consolidation or Succession to Business of the Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment of .....................94 Section 7.13 Co-Indenture Trustee or trustees and Separate Indenture Trustee.............................. 55 SECTION 7.12. Paying Agent and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 4Trustees........................94

The Indenture Trustee. 49 SECTION 7.1. Certain Duties.................................................................................................. 49 SECTION 7.2. 31 Section 6.1 Duties of Indenture Trustee .................................................. 31 Section 6.2 Rights of Indenture Trustee .................................................. 32 Section 6.3 Individual Rights of Indenture Trustee ....................................... 33 Section 6.4 Indenture Trustee's Disclaimer ............................................... 33 Section 6.5 Notice of Events of Default.................................................................................. 50 SECTION 7.3. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Defaults ........................................................... 33 Section 6.6 Reports by Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6. Indenture Trustee’s Fees to Noteholders .................................. 33 Section 6.7 Compensation and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal Indemnity ................................................... 33 Section 6.8 Replacement of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Trustee ............................................. 34 Section 6.9 Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment Trustee by Merger ........................................ 35 Section 6.10 Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12. Paying Agent and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance Trustee ............ 35 Section 6.11 Eligibility; Disqualification ................................................ 36 Section 6.12 Preferential Collection of Office or Agency........................................................................ 57 4Claims Against Issuer ............................. 37

The Indenture Trustee. 49 SECTION 7.138 Section 6.1. Certain Duties.................................................................................................. 49 SECTION 7.2Duties of Indenture Trustee.................................................38 Section 6.2. Rights of Indenture Trustee.................................................39 Section 6.3. Individual Rights of Indenture Trustee......................................41 Section 6.4. Indenture Trustee's Disclaimer..............................................41 Section 6.5. Notice of Events of Default.................................................................................. 50 SECTION 7.3Defaults..........................................................41 Section 6.6. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Reports by Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6to Holders.....................................41 Section 6.7. Indenture Trustee’s Fees Compensation and Expenses.................................................................... 52 SECTION 7.7Indemnity..................................................41 Section 6.8. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal Replacement of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor ............................................42 Section 6.9. Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment Trustee by Merger.......................................43 Section 6.10. Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12...........43 Section 6.11. Paying Agent Eligibility; Disqualification...............................................45 Section 6.12. Preferential Collection of Claims Against Issuer............................45 Section 6.13. Representations and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 4Warranties..............................................45 Section 6.14. Directions to Indenture Trustee.............................................45

The Indenture Trustee. 49 SECTION 7.138 Section 6.1. Certain Duties.................................................................................................. 49 SECTION 7.2Duties of the Indenture Trustee................................................. 38 Section 6.2. Notice of Events Pay Out Event or Event of Default.................................................................................. 50 SECTION 7.3..................................... 40 Section 6.3. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal Rights of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger ..................................................... 41 Section 6.4. Not Responsible for Recitals or Consolidation Issuance of Notes............................... 42 Section 6.5. Restrictions on Holding Notes................................................... 42 Section 6.6. Money Held in Trust............................................................. 42 Section 6.7. Compensation, Reimbursement and Indemnification................................. 42 Section 6.8. Replacement of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment ................................................ 43 Section 6.9. Successor Indenture Trustee by Merger........................................... 45 Section 6.10. Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12............... 45 Section 6.11. Paying Agent Eligibility; Disqualification................................................... 46 Section 6.12. Preferential Collection of Claims Against....................................... 47 Section 6.13. Representations and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance Covenants of Office or Agency........................................................................ 57 4the Indenture Trustee.......................... 47 Section 6.14. Custody of the Collateral....................................................... 47

The Indenture Trustee. 49 SECTION 7.16.1. Certain Duties.................................................................................................. 49 Duties of the Indenture Trustee..............................57 SECTION 7.26.2. Rights of the Indenture Trustee..............................59 SECTION 6.3. Individual Rights of the Indenture Trustee...................61 SECTION 6.4. The Indenture Trustee's Disclaimer...........................61 SECTION 6.5. Notice of Events Defaults...........................................61 SECTION 6.6. Reports by the Indenture Trustee to Holders..................61 SECTION 6.7. Compensation and Indemnity...................................61 SECTION 6.8. Replacement of Default.................................................................................. 50 SECTION 7.3. Certain Matters Affecting the Indenture Trustee.......................................................... 50 .........................62 SECTION 7.46.9. Successor Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 by Xxxxxx........................63 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.66.10. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 ............................................64 SECTION 7.126.11. Paying Agent and Note Registrar Rights.......................................................... 5657 Eligibility; Disqualification................................65 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance 6.12. Preferential Collection of Office or Agency........................................................................ 57 4Claims Against the Issuer.........66

The Indenture Trustee. 49 59 SECTION 7.17.01. Certain Duties.................................................................................................. 49 Duties and Responsibilities.............................................. 59 SECTION 7.27.02. Notice of Defaults or Events of Default.................................................................................. 50 ....................................................... 60 SECTION 7.37.03. Certain Matters Affecting the Rights of Indenture Trustee.......................................................... 50 ....................................................... 61 SECTION 7.47.04. Not Responsible for Recitals or Issuance of Notes............................................. 62 SECTION 7.05. Money Held in Trust............................................... 62 SECTION 7.06. Compensation, Reimbursement, etc.................................. 62 SECTION 7.07. Corporate Indenture Trustee Required; Eligibility......................................... 63 SECTION 7.08. Resignation and Removal; Appointment of Successor...................................... 63 SECTION 7.09. Acceptance of Appointment by Successor..................................................... 64 SECTION 7.10. Merger, Conversion, Consolidation or Succession to Business..................................... 65 SECTION 7.11. Co-trustees and Separate Indenture Trustees...................................................... 65 SECTION 7.12. Indenture Trustee Not Liable to Hold Contracts..................................................... 67 SECTION 7.13. Request for Notes or Timeshare LoansOpinion of Counsel.................................... 5152 67 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12. Paying Agent and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 47.14.

The Indenture Trustee. 49 SECTION 7.1.................................................................35 Section 6.1. Certain Duties.................................................................................................. 49 SECTION 7.2Duties of Indenture Trustee..........................................................35 Section 6.2. Rights of Indenture Trustee..........................................................37 Section 6.3. Individual Rights of Indenture Trustee...............................................38 Section 6.4. Indenture Trustee's Disclaimer.......................................................39 Section 6.5. Notice of Events of Default.................................................................................. 50 SECTION 7.3Defaults...................................................................39 Section 6.6. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Reports by Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6to Holders..............................................39 Section 6.7. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7Reserved.............................................................................39 Section 6.8. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal Replacement of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor .....................................................39 Section 6.9. Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment Trustee by Merger................................................40 Section 6.10. Appointment of Co-Indenture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12....................40 Section 6.11. Paying Agent Eligibility; Disqualification........................................................41 Section 6.12. Preferential Collection of Claims Against Issuer.....................................42 Section 6.13. Representations and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 4Warranties.......................................................42 Section 6.14. Directions to Indenture Trustee......................................................42

The Indenture Trustee. 49 SECTION 7.134 Section 6.01. Certain Duties.................................................................................................. 49 SECTION 7.2Duties of Indenture Trustee......................................34 Section 6.02. Rights of Indenture Trustee......................................35 Section 6.03. Individual Rights of Indenture Trustee...........................35 Section 6.04. Indenture Trustee's Disclaimer...................................36 Section 6.05. Notice of Events Event of Default.................................................................................. 50 SECTION 7.3.......................................36 Section 6.06. Certain Matters Affecting the Indenture Trustee.......................................................... 50 SECTION 7.4. Reports by Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6to Holders..........................36 Section 6.07. Indenture Trustee’s Fees Compensation and Expenses.................................................................... 52 SECTION 7.7Indemnity.......................................36 Section 6.08. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal Replacement of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor .................................36 Section 6.09. Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation Trustee by Merger............................37 Section 6.10. Appointment of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment of CoCx-Indenture Xxxxnture Trustee or Separate Indenture Trustee.............................. 55 SECTION 7.12..........................................................37 Section 6.11. Paying Agent Eligibility; Disqualification....................................39 Section 6.12. Preferential Collection of Claims Against Issuer.................39 Section 6.13. Representations and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance Warranties...................................39 Section 6.14. Directions to Indenture Trustee..................................40 Section 6.15. Indenture Trustee May Own Securities.............................40 ARTICLE VII NOTEHOLDERS' LISTS AND REPORTS...........................................41 Section 7.01. Issuer to Furnish Indenture Trustee Names and Addresses of Office or Agency........................................................................ 57 4Noteholders......................................................41 Section 7.02. Preservation of Information; Communications to Noteholders.......41 Section 7.03. Reports by Issuer................................................41 Section 7.04. Reports by Indenture Trustee.....................................42 Section 7.05. Exchange Act Reporting...........................................42 ARTICLE VIII ACCOUNTS, DISBURSEMENTS AND RELEASES.....................................42 Section 8.01. Collection of Money..............................................42 Section 8.02. Trust Accounts...................................................42 Section 8.03. Officer's Certificate............................................43 Section 8.04. Termination Upon Payment to Noteholders..........................43 Section 8.05. Release of Trust Estate..........................................43 Section 8.06. Surrender of Notes Upon Final Payment............................44

The Indenture Trustee. 49 SECTION 7.1. Certain Duties.................................................................................................. 49 SECTION 7.2. 83 Section 7.01 Duties of the Indenture Trustee ............................................. 83 Section 7.02 Notice of Events Event of Default.................................................................................. 50 SECTION 7.3. Certain Matters Affecting Insolvency or Event of Default ........................... 85 Section 7.03 Rights of the Indenture Trustee.......................................................... 50 SECTION 7.4. Trustee ............................................. 85 Section 7.04 Not Responsible for Recitals, Issuance of Notes or Application of Moneys as Directed .................................................................... 86 Section 7.05 May Hold Notes .............................................................. 86 Section 7.06 Money Held in Trust ......................................................... 86 Section 7.07 Compensation and Indemnity .................................................. 87 Section 7.08 Eligibility; Disqualification ............................................... 88 Section 7.09 [Reserved] .................................................................. 89 Section 7.10 Resignation and Removal; Appointment of Successor ........................... 89 Section 7.11 Acceptance of Appointment by Successor ...................................... 90 Section 7.12 Merger, Conversion, Consolidation or Succession to Business of the Indenture Trustee Not Liable for Notes or Timeshare Loans.................................... 5152 SECTION 7.5.Indenture Trustee May Own Notes........................................................................ 52 SECTION 7.6. Indenture Trustee’s Fees and Expenses.................................................................... 52 SECTION 7.7. Eligibility Requirements for Indenture Trustee...................................................... 5253 SECTION 7.8.Resignation or Removal of Indenture Trustee...................................................... 5253 SECTION 7.9.Successor Indenture Trustee.......................................................................... 5354 SECTION 7.10.Merger or Consolidation of Indenture Trustee.................................................... 5455 SECTION 7.11.Appointment of ..................................................................... 91 Section 7.13 Co-Indenture Trustee or trustees and Separate Indenture Trustee.............................. 55 SECTION 7.12. Paying Agent and Note Registrar Rights.......................................................... 5657 SECTION 7.13.Authorization.......................................................................................... 5657 SECTION 7.14.Maintenance of Office or Agency........................................................................ 57 4Trustees ........................................... 91