Common use of Officer’s Certificate for Qualified Substitute Timeshare Loans Clause in Contracts

Officer’s Certificate for Qualified Substitute Timeshare Loans. The Depositor and DFHC, as applicable, shall on each Transfer Date, certify in writing to the Issuer and the Indenture Trustee that each new Timeshare Loan meets all the criteria of the definition of “Qualified Substitute Timeshare Loan” and that (i) the Timeshare Loan Files for such Qualified Substitute Timeshare Loans have been delivered to the Custodian and (ii) the Timeshare Loan Servicing Files for such Qualified Substitute Timeshare Loans have been delivered to the Servicer.

Appears in 4 contracts

Samples: Fourth Amended and Restated Sale Agreement (Diamond Resorts Corp), Fifth Amended and Restated Sale Agreement (Diamond Resorts International, Inc.), Third Amended and Restated Sale Agreement (Diamond Resorts Corp)

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Officer’s Certificate for Qualified Substitute Timeshare Loans. The Depositor and DFHCshall, as applicable, shall on each Transfer related Funding Date, certify or cause to be certified in writing to the Issuer and the Indenture Trustee that each new Timeshare Loan meets all the criteria of the definition of "Qualified Substitute Timeshare Loan" and that (i) the Timeshare Loan Files for such Qualified Substitute Timeshare Loans have been delivered to the Custodian Custodian, and (ii) the Timeshare Loan Servicing Files for such Qualified Substitute Timeshare Loans have been delivered to the Servicer.

Appears in 1 contract

Samples: Sale Agreement (Bluegreen Corp)

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