Common use of ADDITIONAL RESORT COLLATERAL Clause in Contracts

ADDITIONAL RESORT COLLATERAL. The term "Additional Resort Collateral" shall mean singly and collectively, the development rights, real property, fixtures and other personal property, including all management agreements for the Resorts, now owned or hereafter acquired by Borrower and described on Schedule 1.1(c) attached hereto. "Additional Resort Collateral" shall not include the promissory notes and other property of Silverleaf Finance I, Inc., that constitute "Pledged Assets" under the DZ Documents.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

ADDITIONAL RESORT COLLATERAL. The term "Additional Resort Collateral" shall mean singly and collectively, the development rights, real property, fixtures and other personal property, including all management agreements for the Resorts, now owned or hereafter acquired by Borrower and described listed on Schedule 1.1(c1.1.(gggg) attached hereto. "Additional Resort Collateral" shall not include the promissory notes and other property of Silverleaf Finance I, Inc., that constitute "Pledged Assets" under the DZ Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Silverleaf Resorts Inc)

AutoNDA by SimpleDocs

ADDITIONAL RESORT COLLATERAL. The term "Additional Resort Collateral" shall mean singly and collectively, the development rights, real property, fixtures and other personal property, including all management agreements for the Resorts, now owned or hereafter acquired by Borrower and described listed on Schedule 1.1(c) attached hereto1.1(uuu). For the avoidance of doubt, "Additional Resort Collateral" shall not include the promissory notes and other property of Silverleaf Finance I, Inc., that constitute constitutes "Pledged Assets" under the DZ Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Silverleaf Resorts Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.