Timeshare Interest Sample Clauses

Timeshare Interest. Seller is the owner of that certain timeshare interest identified below (“Timeshare Interest”), in that certain timeshare plan commonly known as DIAMOND RESORTS POLO TOWERS SUITES (“Project”). Seller desires to hire GRT to provide timeshare resale transfer services consisting of GRT assisting in the transfer of the Timeshare Interest to a third-party (“Transfer Services”), and GRT desires to provide Transfer Services in accordance with this Transfer Agreement. DIAMOND RESORTS POLO TOWERS SUITES
Sample 1
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Timeshare Interest. Seller is the owner of that certain timeshare interest identified below (“Timeshare Interest”), in that certain timeshare plan commonly known as COCONUT PALMS BEACH RESORT II (“Project”). Seller desires to hire GRT to provide timeshare resale transfer services consisting of GRT assisting in the transfer of the Timeshare Interest to a third-party (“Transfer Services”), and GRT desires to provide Transfer Services in accordance with this Transfer Agreement. COCONUT PALMS BEACH RESORT II
Sample 1
Timeshare Interest. (a) As defined in the Timeshare Instruments for each Eligible Project, consisting of an undivided interest in any Unit at the Eligible Project as tenant-in-common, together with the right to make use of any and all easements, licenses, access and use rights in and to the Eligible Projects appurtenant thereto, the non-exclusive right to use the Common Elements and common amenities, and the exclusive right to use and occupy any Unit and the common furnishings therein for a use period for which such rights to use have been properly reserved or (b) with respect to Oak N' Spruce Resort, an Oak N' Spruce Beneficial Interest..
Sample 1
Timeshare Interest. A fee simple ownership interest in a Unit located at a Receivables Loan Approved Resort to be sold by Borrower to Purchasers comprised of either: (i) a Timeshare Interest which provides a Purchaser with a seven (7) consecutive day right of occupancy in a Unit located in a Receivables Loan Approved Resort every year ("Weekly Timeshare Interest"); or (ii) any combination of a Timeshare Interest which provides a Purchaser with a seven (7) consecutive day right of occupancy in a Timeshare Unit located in a Receivables Loan Approved Resort every other year ("Bi-annual Timeshare Interest"), as set forth in the applicable Declaration, with such interest being entitled to the right to the possession, use and occupancy of a Unit located in a Receivables Loan Approved Resort during the applicable time periods sold for such Weekly Timeshare Interest or Bi-annual Timeshare Interest, as applicable, and the use of all Common Elements and Resort Facilities.
Sample 1
Timeshare Interest. An Interval sold to a consumer borrower. Total Commitment. The sum of the Commitments of the Banks, as in effect from time to time, which shall not exceed $10,000,000. Trading With the Enemy Act. See Section 6.36.
Sample 1
Timeshare Interest. A timeshare estate comprised of a right to use and occupy a Unit for a certain period of time each year or every other year in perpetuity coupled with a fee estate or an estate for years acquired pursuant to an Owner Beneficiary Agreement, which the Purchaser thereof directs Bluegreen Vacations Unlimited, Inc. to immediately convey to the Trustee and the Trustee holds such timeshare estate pursuant to the Trust Agreement, at which time, the Purchaser becomes a member and an Owner Beneficiary of the Vacation Club, is identified in a schedule attached to the Trust Agreement, amended from time to time to include each new Owner Beneficiary, and is entitled to certain Owner Beneficiary Rights under the Trust Agreement and a specific number of Vacation Points corresponding to such rights, which Vacation Points may be used by the Owner Beneficiary for lodging for varying lengths of time at the various Resorts within the Vacation Club.
Sample 1
Timeshare Interest. A “Fractional Interest” as defined in the Timeshare Declaration, consisting of an undivided 1/52 or 1/104 fee title interest in a Unit in the Borrower Project, as tenant-in-common, with the Owners of other “Fractional Interests” in such Unit, together with the exclusive right to reserve, use and occupy a Unit of such type and the common furnishings therein for a use period for which such right to use have been properly reserved, subject to the provisions of the Public Offering Statement, the Timeshare Declaration, Association Bylaws and the rules and regulations, and including a non-exclusive right to use any and all easements appurtenant to the Project, and a non-exclusive right to use the Common Area in the Project.
Sample 1
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Timeshare Interest. Seller is the owner of that certain timeshare interest identified below (“Timeshare Interest”), in that certain timeshare plan commonly known as Marriott's Grande Vista (“Project”). Seller desires to hire GRT to provide timeshare resale transfer services consisting of GRT assisting in the transfer of the Timeshare Interest to a third-party (“Transfer Services”), and GRT desires to provide Transfer Services in accordance with this Transfer Agreement. Marriott's Grande Vista
Sample 1

Related to Timeshare Interest

  • Transferred Assets (a) As of the Effective Time (as defined in Section 2.1) and upon the terms and conditions set forth herein, Seller will sell, assign, transfer, convey and deliver to Purchaser, and Purchaser will purchase from Seller, all of the transferable rights, title and interests of Seller in the following assets associated with the Banking Centers and identified in this Agreement and the Schedules and Exhibits hereto, and not otherwise excluded pursuant to the provisions of Subsection 1.1(b):

  • Mortgage Lessee does hereby agree to make reasonable modifications of this Lease requested by any Mortgagee of record from time to time, provided such modifications are not substantial and do not increase any of the Rents or obligations of Lessee under this Lease or substantially modify any of the business elements of this Lease.

  • REO Property A Mortgaged Property acquired by the Servicer on behalf of the Trustee through foreclosure or by deed in lieu of foreclosure, as described in Section 3.17.

  • Purchased Assets Subject to the terms and conditions of this Agreement, at the Closing, each Seller shall sell, convey, assign, transfer and deliver to the Buyer, and the Buyer shall purchase, free and clear of all Encumbrances, all right, title and interest of such Seller in and to the following Assets (collectively, the “Purchased Assets”):

  • Title to Transferred Assets From and including the Closing Date until such Servicing Rights Assets are transferred to Purchaser under Section 2.2, Seller shall be the sole holder and owner of the Servicing Rights Assets and shall have good and marketable title to the Servicing Rights Assets, free and clear of any Liens. Upon the sale of such Servicing Rights Assets pursuant to Section 2.2, Seller will transfer to Purchaser good and marketable title to the Servicing Rights Assets free and clear of any Liens. Seller is the sole holder and owner of the Rights to MSRs and the sale and delivery to Purchaser of the Rights to MSRs pursuant to the provisions of this Sale Supplement will transfer to Purchaser good and marketable title to the Rights to MSRs free and clear of any Liens.

  • Mortgaged Property The real property securing repayment of the debt evidenced by a Mortgage Note.

  • REMAINING PROPERTY If any cash or any securities or other financial assets of the Portfolio held by the Custodian hereunder remain held by the Custodian after the termination of this Agreement owing to the failure of the applicable Fund to provide Proper Instructions, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian holds the cash or the securities or other financial assets (the existing agreed-to compensation at the time of termination shall be one indicator of what is considered fair compensation). The provisions of this Agreement relating to the duties, exculpation and indemnification of the Custodian shall apply in favor of the Custodian during such period.

  • Foreclosure Property Notwithstanding any other provision of this Agreement, the Servicer, shall not rent, lease, or otherwise earn income on behalf of the REMIC with respect to any REO which might cause such REO to fail to qualify as "foreclosure" property within the meaning of section 860G(a)(8) of the Code (e.g., rent based upon the earnings of the lessee) or result in the receipt by the REMIC of any "income from non-permitted assets" within the meaning of section 860F(a)(2) of the Code (e.g., income attributable to any asset which is not a qualified mortgage, a cash flow or reserve fund investment, or personal property not incidental to the REO) or any "net income from foreclosure property" which is subject to tax under the REMIC Provisions unless the Master Servicer has received an Opinion of Counsel (at the Servicer's expense) to the effect that, under the REMIC Provisions and (where appropriate, any relevant proposed legislation) any income generated for the REMIC by the REO would not result in the imposition of a tax upon the REMIC. In general, the purpose of this Section 3.2 and the REMIC Provisions (which this section is intended to implement) is to ensure that the income earned by the REMIC is passive type income such as interest on mortgages and passive type rental income on real property.

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