Material Increases to Assessments. If Borrower has Knowledge or has reason to believe that an event (other than general changes in the economy) has occurred or could occur which could give rise to a material increase in assessments to cover the then current costs of operating the Time-Share Project and to establish and maintain a reasonable reserve for capital improvements to the Time-Share Project, it will notify Lender of the occurrence of such event.
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Samples: Loan and Security Agreement (Cr Resorts Capital S De R L De C V), Loan and Security Agreement (Cr Resorts Capital S De R L De C V), Loan and Security Agreement (Cr Resorts Capital S De R L De C V)
Material Increases to Assessments. If Borrower has Knowledge --------------------------------- knowledge or has reason to believe that an event (other than general changes in the economy) has occurred or could occur which could give rise to a material increase in assessments to cover the then current costs of operating the Time-Share Project and to establish and maintain a reasonable reserve for capital improvements to the Time-Share Project, it will notify Lender of the occurrence of such event.
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Material Increases to Assessments. If Borrower has Knowledge knowledge or has reason to believe that an event (other than general changes in the economy) has occurred or could occur which could give rise to a material increase in assessments to cover the then current costs of operating the Time-Share Project and to establish and maintain a reasonable reserve for capital improvements to the Time-Share Project, it will notify Lender of the occurrence of such event.
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Material Increases to Assessments. If Borrower has Knowledge or has reason to believe that an event (other than general changes in the economy) has occurred or could occur which could give rise to a material increase in assessments to cover the then current costs of operating the any Time-Share Project and to establish and maintain a reasonable reserve for capital improvements to the such Time-Share Project, it will notify Lender of the occurrence of such event.
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Samples: Loan Agreement (Raintree Resorts International Inc)
Material Increases to Assessments. If Borrower has Knowledge knowledge or has reason to believe that an event (other than general changes in the economy) has occurred or could occur which could give rise to a material increase in assessments to cover the then current costs of operating the Time-Share Project Program and to establish and maintain a reasonable reserve for capital improvements to the Time-Share ProjectProgram, it will notify Lender of the occurrence of such event.
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