Common use of Management of Resorts Clause in Contracts

Management of Resorts. The Seller hereby covenants and agrees (to the extent that the Seller is responsible for maintaining or managing such Resort) to do or cause to be done all things that it may accomplish with a reasonable amount of cost or effort in order to maintain such Resort (including without limitation all grounds, waters and improvements thereon 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, Master Loan Purchase Agreement (Cendant Corp), Master Loan Purchase Agreement (Wyndham Worldwide Corp)

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