Common use of Servicing of Timeshare Loans Clause in Contracts

Servicing of Timeshare Loans. 29 SECTION 5.1. Appointment of Servicer and Backup Servicer; Servicing Standard..........29 SECTION 5.2. Payments on the Timeshare Loans..........................................29 SECTION 5.3. Duties and Responsibilities of the Servicer..............................30 SECTION 5.4. Servicer Events of Default...............................................34 SECTION 5.5. Accountings; Statements and Reports......................................37 SECTION 5.6. Records..................................................................39 SECTION 5.7. Fidelity Bond and Errors and Omissions Insurance.........................00 SECTION 5.8. Merger or Consolidation of the Servicer..................................39 SECTION 5.9. Sub-Servicing............................................................40

Servicing of Timeshare Loans. 29 SECTION 5.1. Appointment of Servicer and Backup Servicer; Servicing Standard..........................29 SECTION 5.2. Payments on the Timeshare Loans..........................................................................................29 SECTION 5.3. Duties and Responsibilities of the Servicer..................................................................30 SECTION 5.4. Servicer Events of Default...............................................34 .....................................................33 SECTION 5.5. Accountings; Statements and Reports..................................................................................37 SECTION 5.6. Records..................................................................39 ........................................................................38 SECTION 5.7. Fidelity Bond and Errors and Omissions Insurance.........................00 ...............................38 SECTION 5.8. Merger or Consolidation of the Servicer..........................................................................39 SECTION 5.9. Sub-Servicing............................................................40..................................................................39

Servicing of Timeshare Loans. 29 25 SECTION 5.1. Appointment of Servicer and Backup Servicer; Servicing Standard..........29 ....................................................25 SECTION 5.2. Payments on the Timeshare Loans..........................................29 .............................25 SECTION 5.3. Duties and Responsibilities of the Servicer..............................30 .................26 SECTION 5.4. Servicer Events of Default...............................................34 ..................................29 SECTION 5.5. Accountings; Statements and Reports......................................37 .........................31 SECTION 5.6. Records..................................................................39 .....................................................33 SECTION 5.7. Fidelity Bond and Errors and Omissions Insurance.........................00 ............33 SECTION 5.8. Merger or Consolidation of the Servicer..................................39 .....................34 SECTION 5.9. Sub-Servicing............................................................40...............................................34

Servicing of Timeshare Loans. 29 27 SECTION 5.1. Appointment of Servicer and Backup Servicer; Servicing Standard..........29 Standard .....................................................27 SECTION 5.2. Payments on the Timeshare Loans..........................................29 Loans ..............................27 SECTION 5.3. Duties and Responsibilities of the Servicer..............................30 Servicer ..................28 SECTION 5.4. Servicer Events of Default...............................................34 Default ...................................31 SECTION 5.5. Accountings; Statements and Reports......................................37 Reports ..........................35 SECTION 5.6. Records..................................................................39 Records ......................................................36 SECTION 5.7. Fidelity Bond and Errors and Omissions Insurance.........................00 SECTION 5.8Insurance .............36 XXXXXXX 0.0. Merger or Consolidation of the Servicer..................................39 Servicer ......................37 SECTION 5.9. Sub-Servicing............................................................40Servicing ................................................37