NO RELATIONSHIP WITH PURCHASERS. LENDER DOES NOT HEREBY ASSUME AND SHALL HAVE NO RESPONSIBILITY, OBLIGATION OR LIABILITY TO PURCHASERS, LENDER'S RELATIONSHIP BEING THAT ONLY OF A CREDITOR WHO HAS TAKEN AN ASSIGNMENT FROM BORROWER OF THE INSTRUMENTS IN ORDER TO FACILITATE PERFORMANCE OF THE OBLIGATIONS. EXCEPT AS REQUIRED BY LAW AND FOR FILINGS MADE WITH THE SECURITIES & EXCHANGE COMMISSION OR ANY STOCK EXCHANGE ON WHICH BORROWER'S STOCK IS TRADED, BORROWER WILL NOT, AT ANY TIME, USE THE NAME OF OR MAKE REFERENCE TO LENDER WITH RESPECT TO THE TIME-SHARE PROJECT, THE SALE OF TIME-SHARE INTERESTS OR OTHERWISE, WITHOUT THE EXPRESS WRITTEN CONSENT OF LENDER.
NO RELATIONSHIP WITH PURCHASERS. LENDER DOES NOT HEREBY ASSUME AND SHALL HAVE NO RESPONSIBILITY, OBLIGATION OR LIABILITY TO PURCHASERS, LENDER'S RELATIONSHIP BEING THAT ONLY OF A CREDITOR WHO HAS TAKEN AN ASSIGNMENT FROM BORROWER OF THE NOTES RECEIVABLE IN ORDER TO 84 FACILITATE PERFORMANCE OF THE OBLIGATIONS. EXCEPT AS REQUIRED BY LAW AND FOR FILINGS MADE WITH THE SECURITIES & EXCHANGE COMMISSION, OR ANY STOCK EXCHANGE ON WHICH BLUEGREEN'S OR BLUEGREEN'S PARENTS OR INDIRECT PARENT'S STOCK OR OTHER OWNERSHIP INTEREST IS OR MAY BE TRADED, BORROWER WILL NOT, AT ANY TIME, USE THE NAME OF OR MAKE REFERENCE TO LENDER WITH RESPECT TO A TIMESHARE PROJECT, THE SALE OF TIMESHARE INTERESTS OR OTHERWISE, WITHOUT THE EXPRESS WRITTEN CONSENT OF LENDER.
NO RELATIONSHIP WITH PURCHASERS. 55 Section 8.22 Entire Agreement................................................55 Section 8.23 Cross-Collateralization of Loans................................56 Section 8.24 Reliance........................................................56 Section 8.25 Joint and Several Liability.....................................56 Section 8.26 Limitation of Bluegreen/Big Cedar's Monetary Liability..........56 EXHIBIT A REQUIRED DELIVERIES PRIOR TO CLOSING...............................A-1 EXHIBIT B CONDITIONS OF ELIGIBLE INSTRUMENT..................................B-1 EXHIBIT C RECEIVABLES RE-ASSIGNMENT..........................................C-1 EXHIBIT D BORROWER'S CERTIFICATE.............................................D-1 EXHIBIT E REQUEST FOR ADVANCE AND CERTIFICATION..............................E-1 EXHIBIT F FORM OF ENDORSEMENT................................................F-1 EXHIBIT G FORM OF ASSIGNMENT.................................................G-1 EXHIBIT H NOT USED...........................................................H-1 EXHIBIT I NOT USED...........................................................I-1 EXHIBIT J TIME-SHARE PROJECT AND INTEREST DESCRIPTION........................J-1 -------------------------------------------------------------------------------- LOAN AND SECURITY AGREEMENT -------------------------------------------------------------------------------- THIS LOAN AND SECURITY AGREEMENT (this "Loan Agreement") is made as of February __, 2003 by and between BLUEGREEN CORPORATION, a Massachusetts corporation, BLUEGREEN VACATIONS UNLIMITED, INC., a Florida corporation and BLUEGREEN/BIG CEDAR VACATIONS, LLC, a Delaware limited liability company (collectively, the "Borrower") and RESIDENTIAL FUNDING CORPORATION, a Delaware corporation (the "Lender").
NO RELATIONSHIP WITH PURCHASERS. Lender does not hereby assume and shall have no responsibility, obligation or liability to purchasers, Lender's relationship being that only of a creditor who has taken an Assignment from Borrower of the Instruments in order to facilitate performance of the obligations arising under the Loan Documents. Except as required by law and for filings made with the Securities & Exchange Commission or any stock exchange on which Borrower's Stock is traded, Borrower will not, at any time, use the name of or make reference to Lender with respect to the Time-Share Project, the sale of Time Share Interests or otherwise, without the express written consent of Lender.
