Common use of Amendments; Consents and Waivers Clause in Contracts

Amendments; Consents and Waivers. No modification, amendment or waiver of, or with respect to, any provision of this Agreement, and all other agreements, instruments and documents delivered thereto, nor consent to any departure by the Seller from any of the terms or conditions thereof shall be effective unless it shall be in writing and signed by each of the parties hereto and the written consent of the Indenture Trustee for the benefit of the Noteholders is given. The Issuer shall provide the Indenture Trustee with such proposed modifications, amendments or waivers. Any waiver or consent shall be effective only in the specific instance and for the purpose for which given. No consent by the Indenture Trustee shall, in itself, entitle Seller to any other consent in similar or other circumstances. The Seller acknowledges that in connection with the intended pledge by the Issuer of all of its right, title and interest in and to each Timeshare Loan to the Indenture Trustee for the benefit of the Noteholders, the Issuer intends to issue the Notes, the proceeds of which will be used by the Issuer to purchase the Timeshare Loans conveyed hereunder.

Appears in 3 contracts

Samples: Sale Agreement, Sale Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Sale Agreement (Marriott Vacations Worldwide Corp)

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Amendments; Consents and Waivers. No modification, amendment or waiver of, or with respect to, any provision of this Agreement, and all other agreements, instruments and documents delivered thereto, nor consent to any departure by the Seller from any of the terms or conditions thereof shall be effective unless it shall be in writing and signed by each of the parties hereto and the written consent of the Indenture Trustee for the benefit of the Noteholders is given. The Issuer shall provide the Indenture Trustee with such proposed modifications, amendments or waivers. Any waiver or consent shall be effective only in the specific instance and for the purpose for which given. No consent by the Indenture Trustee shall, in itself, entitle Seller to any other consent in similar or other circumstances. The Seller acknowledges that in connection with the intended pledge by the Issuer of all of its right, title and interest in and to each Timeshare Loan to the Indenture Trustee for the benefit of the Noteholders, the Issuer Issuer, as Issuer, intends to issue the Notes, the proceeds of which will be used by the Issuer to purchase the Timeshare Loans conveyed hereunder.

Appears in 1 contract

Samples: Sale Agreement (Marriott Vacations Worldwide Corp)

Amendments; Consents and Waivers. No modification, amendment or waiver of, or with respect to, any provision of this Agreement, and all other agreements, instruments and documents delivered thereto, nor consent to any departure by the Seller or Bluegreen from any of the terms or conditions thereof shall be effective unless it shall be in writing and signed by each of the parties hereto and hereto, the written consent of the Indenture Trustee for the benefit on behalf of the Noteholders is given. The Issuer Seller and Bluegreen shall provide the Indenture Trustee with such proposed modifications, amendments or waivers. Any waiver or consent shall be effective only in the specific instance and for the purpose for which given. No consent to or demand by the Indenture Trustee Seller or Bluegreen in any case shall, in itself, entitle Seller it to any other consent or further notice or demand in similar or other circumstances. The Each of the Seller and Bluegreen acknowledges that in connection with the intended pledge assignment by the Issuer of all of its right, title and interest in and to each Timeshare Loan to the Indenture Trustee for the benefit on behalf of the Noteholders, the Issuer intends to issue the Notes, the proceeds of which will be used by the Issuer to purchase the Timeshare Loans conveyed hereunderfrom the Seller under the terms hereof.

Appears in 1 contract

Samples: Sale Agreement (Bluegreen Corp)

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Amendments; Consents and Waivers. No modification, amendment or waiver of, or with respect to, any provision of this Agreement, and all other agreements, instruments and documents delivered thereto, nor consent to any departure by the Seller from any of the terms or conditions thereof shall be effective unless it shall be in writing and signed by each of the parties hereto and the written consent of the Indenture Trustee for the benefit of the Noteholders is given. The Issuer shall provide the Indenture Trustee and the Rating Agencies with such proposed modifications, amendments or waivers. Any waiver or consent shall be effective only in the specific instance and for the purpose for which given. No consent to or demand by the Indenture Trustee Seller in any case shall, in itself, entitle Seller it to any other consent or further notice or demand in similar or other circumstances. The Seller acknowledges that in connection with the intended pledge assignment by the Issuer of all of its right, title and interest in and to each the Conveyed Timeshare Loan Property to the Indenture Trustee for the benefit of the Noteholders, the Issuer Issuer, as Issuer, intends to issue the Notes, the proceeds of which will be used by the Issuer to purchase the Timeshare Loans conveyed hereunder.

Appears in 1 contract

Samples: Sale Agreement (Diamond Resorts International, Inc.)

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