Maintenance of Timeshare Project and Other Property. Borrower will maintain or cause to be maintained in good condition and repair all common areas in each Timeshare Project and other on-site amenities which have been promised or represented as being available to Purchasers in the Timeshare Program Consumer Documents and, to the extent owned by Borrower or an Affiliate of Borrower, all portions of improvements in which Units are located and are not part of a Timeshare 56
Appears in 2 contracts
Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (Bluegreen Vacations Corp)
Maintenance of Timeshare Project and Other Property. Borrower will maintain or cause to be maintained in good condition and repair all common areas in each the Timeshare Project and other on-site amenities which have been promised or represented as being available to Purchasers in the Timeshare Program Consumer Documents and, to the extent owned by Borrower or an a Direct Affiliate of Borrower, all portions of improvements in which Units are located and are not part of the Timeshare Project. Borrower will maintain or cause the Timeshare Association to maintain a Timeshare 56reasonable reserve to assure compliance with the terms of the foregoing sentence.
Appears in 2 contracts
Samples: Loan Agreement (BBX Capital Corp), Loan Agreement (BFC Financial Corp)
Maintenance of Timeshare Project and Other Property. Borrower will maintain or cause to be maintained in good condition and repair all common areas in each the Timeshare Project and other on-site amenities which have been promised or represented as being available to Purchasers in the Timeshare Program Consumer Documents and, to the extent owned by Borrower or an a Direct Affiliate of Borrower, all portions of improvements in which Units are located and are not part of the Timeshare Project. Borrower will maintain or cause the Timeshare Association to maintain a Timeshare 56reasonable reserve to assure compliance with the terms of the foregoing sentence.
Appears in 1 contract
Samples: Loan Agreement (BBX Capital Corp)