No Conveyance. Silverleaf agrees not to convey and to ensure no party under its control conveys any interest in a Resort relating to a Timeshare Loan without obtaining Rating Agency Confirmation if such conveyance is reasonably likely to have a material adverse affect on the Securitization Noteholders.
Appears in 4 contracts
Samples: Loan Sale Agreement (Silverleaf Resorts Inc), Transfer Agreement (Silverleaf Resorts Inc), Loan Sale Agreement (Silverleaf Resorts Inc)
No Conveyance. Silverleaf agrees not to convey and to ensure no party under its control conveys any interest in a Resort relating to a Timeshare Loan without obtaining Rating Agency Confirmation if such conveyance is reasonably likely to have a material adverse affect on the Securitization Noteholders.
Appears in 1 contract
