Resorts. The Servicer shall not permit the total number of resorts included in the Club to be less than thirty-nine (39), which number represented approximately 90% of all resorts included in the Club as of December 31, 2005; provided that for purposes of this clause (v), a resort shall include all phases, subdivisions and/or developments at the same or substantially the same geographic location.
Resorts. Neither the Trust Depositor nor the Servicer shall permit the number of Resorts within the Club to be less than 20; provided that for purposes of this clause (p), a "Resort" shall include all phases, subdivisions and/or developments at the same or substantially the same geographic location.
Resorts. The timeshare vacation resorts legally described by the Master Deeds and developed by Ascension Resorts, Ltd. d/b/a Silverleaf Resorts, Ltd., a Texas limited partnership, which include the Time-Share Projects: The Hollx Xxxe Condoshare; Piney Shores Resort: Lake O' the Woodx; Xxe Villages Condoshare; Hill Country Resort; Ozark Mountain Resort; and Holiday Hills Resort Condoshare.
Resorts. The Debtor shall not, as Declarant, Calvada Lot owner, Timeshare Interval owner or Unit owner, without the prior written consent of the Lender:
Resorts. The vacation resorts legally described by the Master Deeds and developed by Borrower which include the condominium units in Waters Bluff subdivision at Ozark Mountain Resorts, Stone County, Missouri and condominium units in Holiday Hills Resort, Taney County, Missouri. REVOLVING RECEIVABLES LOAN. The $40,000,000 loan from Lender to Borrower.
Resorts. The Debtor shall not, as Declarant, Timeshare Interval owner or Unit owner, without the prior written consent of the Lender.
Resorts. Those certain timeshare vacation resorts commonly known as Shore Crest (Myrtle Beach, South Carolina), Harbour Lights (Myrtle Beach, South Carolina), Mountain Loft (Gatlinburg, Tennessee), Laurel Crest (Pigeon Forge, Tennessee), Falls Village (Branson, Missouri) as more particularly described on EXHIBIT M. RESORT BLANKET MORTGAGE. Each of the mortgages and deeds of trust made by Borrowers, or the Additional Resort Owners, for the benefit of Lender, encumbering at each Resort or Additional Resort listed on EXHIBIT I the Intervals which are the subject of a Pledged Receivable.
Resorts. Section 1.1(hhhh) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
Resorts. (a) Set forth on Schedule 3.21(a) are all the Resorts and each jurisdiction in which each of those Resorts is registered with a Governmental Authority for (i) the ownership of any VOI or Real Property or (ii) the advertising, marketing or selling of VOIs by the Company or any of its Subsidiaries or the soliciting of consumers to visit a Resort or a sales office by the Company or any of its Subsidiaries. All VOI sales, and all VOIs to be marketed, have been and remain subject to a valid registration in the states in which the same are being marketed and sold (other than any such failures to be so subject which are not, individually or in the aggregate, material).
Resorts. Resorts are a fullservice accommodation specifically meant for tourists. They offer complete or as much of the services and amenities which a tourist needs. One will mostly find resorts near tourist destinations. These resorts usually offer all the basic amnesties for a comfortable stay with well serviced rooms. They also provide food, room services, and also leisure and recreation facilities7.
