Obligations with Respect to Contracts. The Issuer will duly fulfill all obligations on its part to be fulfilled under or in connection with each Contract and will do nothing to impair the rights of the Trustee (for the benefit of the Noteholders) in the Receivables, the Contracts, and any other part of the Trust Estate. As long as there is no event of default under the applicable Contract, the Issuer will not disturb the Obligor's use of the Club in accordance with the rules of the Club.
Appears in 2 contracts
Samples: Trendwest Resorts Inc, Trendwest Resorts Inc
Obligations with Respect to Contracts. The Issuer will duly fulfill all obligations on its part to be fulfilled under or in connection with each Contract and will do nothing to impair the rights of the Trustee (for the benefit of the Noteholders) in the Receivables, the Contracts, Contracts and any other part of the Trust Estate. As long as there is no event of default under the applicable Contract, the Issuer will not disturb the Obligor's use of the Club in accordance with the rules of the Club.
Appears in 2 contracts
Samples: Indenture (Trendwest Resorts Inc), Trendwest Resorts Inc
Obligations with Respect to Contracts. The Issuer will duly fulfill all obligations on its part to be fulfilled under or in connection with each Contract Receivable and will do nothing to impair the rights of the Trustee (for the benefit of the Noteholders) in the Receivables, the Contracts, Contracts and any other part of the each Series Trust Estate. As long as there is no event of default under the applicable Contract, the Issuer will not disturb the Obligor's use of the Club in accordance with the rules of the Club.
Appears in 1 contract
Samples: Trendwest Resorts Inc