Common use of Management of Resorts Clause in Contracts

Management of Resorts. The Issuer hereby covenants and agrees that it will with respect to each Resort cause the Originator with respect to that Resort (to the extent that such Originator is otherwise responsible for maintaining such Resort) to do or cause to be done all things which it may accomplish with a reasonable amount of cost or effort, in order to maintain each such Resort (including without limitation all grounds, waters and improvements thereon) in at least as good condition, repair and working order as would be customary for prudent managers of similar timeshare properties.

Appears in 21 contracts

Samples: Indenture and Servicing Agreement (Travel & Leisure Co.), Indenture and Servicing Agreement (Travel & Leisure Co.), Indenture and Servicing Agreement (Wyndham Destinations, Inc.)

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Management of Resorts. The Issuer Seller hereby covenants and agrees that it will with respect to each Resort cause the Originator with respect to that each Resort (to the extent that such Originator is otherwise responsible for maintaining or managing such Resort) to do or cause to be done all things which that it may accomplish with a reasonable amount of cost or effort, effort in order to maintain each such Resort (including without limitation all grounds, waters and improvements thereonthereon and all other facilities related thereto) in at least as good condition, repair and working order as would be customary for prudent managers of similar timeshare properties.

Appears in 4 contracts

Samples: Master Loan Purchase Agreement (Wyndham Worldwide Corp), Master Loan Purchase Agreement (Wyndham Worldwide Corp), Master Loan Purchase Agreement (Cendant Corp)

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