Condemnation or Litigation. There are no condemnation proceedings or litigation proceedings pending or, to the best of Borrower’s knowledge, threatened against any Unit or any Timeshare Interest in a Timeshare Project or against Borrower which would in any way, in Lender's judgment, impair or affect the full utilization of a Timeshare Project or materially adversely affect a Timeshare Project, Borrower or the Collateral taken as a whole.
Appears in 3 contracts
Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (Bluegreen Vacations Corp), Loan and Security Agreement (BBX Capital Corp)
Condemnation or Litigation. There are no condemnation proceedings or litigation proceedings pending or, to the best of Borrower’s knowledge, threatened against any Unit or any Timeshare Interest in a Timeshare Project or against Borrower which would in any way, in Lender's judgment, impair or affect the full utilization of a Timeshare Project or materially adversely affect a Timeshare Project, Borrower or the Collateral taken as a whole. .
Appears in 2 contracts
Samples: Loan and Security Agreement (BBX Capital Corp), Loan and Security Agreement (BFC Financial Corp)
Condemnation or Litigation. There are shall exist no condemnation proceedings proceeding or litigation proceedings pending or, to the best of Borrower’s knowledge, threatened against any Unit or any Timeshare Interest in a portion of the Timeshare Project or against Borrower which would in any way, in Lender's judgment, impair or affect the full utilization of a the Timeshare Project or materially adversely affect a the Timeshare Project, Borrower or the Collateral taken as a whole. .
Appears in 2 contracts
Samples: Loan Agreement (BFC Financial Corp), Loan Agreement (BBX Capital Corp)
Condemnation or Litigation. There are shall exist no condemnation proceedings proceeding or litigation proceedings pending or, to the best of Borrower’s knowledge, threatened against any Unit or any Timeshare Interest in a Timeshare Project or against Borrower which would in any way, in Lender's judgment, impair or affect the full utilization of a Timeshare Project or materially adversely affect a Timeshare Project, Borrower or the Collateral taken as a whole. .
Appears in 1 contract
Condemnation or Litigation. There are shall exist no condemnation proceedings proceeding or litigation proceedings pending or, to the best of Borrower’s knowledge, threatened against any Unit or any Timeshare Interest in a portion of the Timeshare Project or against Borrower which would in any way, in Lender's judgment, impair or affect the full utilization of a the Timeshare Project or materially adversely affect a the Timeshare Project, Borrower or the Collateral taken as a whole.
Appears in 1 contract
Samples: Loan Agreement (BBX Capital Corp)
