Common use of Special Purpose Clause in Contracts

Special Purpose. The Issuer shall engage in no business, and take no actions with respect to any other transaction than the transactions contemplated by the Transaction Documents and will otherwise maintain its existence separate from the Depositor and all other entities as provided in its organizational documents.

Appears in 12 contracts

Samples: Indenture (Bluegreen Vacations Holding Corp), Indenture (Bluegreen Vacations Holding Corp), Indenture (BBX Capital Corp)

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Special Purpose. The Issuer shall engage in no business, and take no actions with respect to any other transaction than the transactions contemplated by the Transaction Documents and will otherwise maintain its existence separate from the Depositor Seller and all other entities as provided in its organizational documents.

Appears in 8 contracts

Samples: Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts International, Inc.)

Special Purpose. The Issuer shall engage in no business, and take no actions actions, with respect to any other transaction than the transactions contemplated by the Transaction Documents and will otherwise maintain its existence separate from the Depositor and all other entities as provided in its organizational documents.

Appears in 5 contracts

Samples: Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts Corp)

Special Purpose. The Issuer shall engage in no business, and take no actions with respect to any other transaction than the transactions contemplated by the Transaction Facility Documents and will otherwise maintain its existence separate from the Depositor Seller and all other entities as provided in its organizational documents.

Appears in 3 contracts

Samples: Third Amended and Restated Indenture and Servicing Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Indenture and Servicing Agreement (Marriott Vacations Worldwide Corp), Indenture and Servicing Agreement (Marriott Vacations Worldwide Corp)

Special Purpose. The Issuer shall engage in no business, and take no actions actions, with respect to any other transaction than the transactions contemplated by the Transaction Documents KL2 2787938.7 and will otherwise maintain its existence separate from the Depositor and all other entities as provided in its organizational documents.

Appears in 1 contract

Samples: Indenture (Diamond Resorts Corp)

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Special Purpose. The Issuer shall engage in no business, and take no actions actions, with respect to any other transaction than the transactions contemplated by the Transaction 66 Documents and will otherwise maintain its existence separate from the Depositor Seller and all other entities as provided in its organizational documents.

Appears in 1 contract

Samples: Indenture (Diamond Resorts International, Inc.)

Special Purpose. The Issuer shall engage in no business, and take no actions with respect to any other transaction than the transactions contemplated by the 80 Transaction Documents and will otherwise maintain its existence separate from the Depositor and all other entities as provided in its organizational documents.

Appears in 1 contract

Samples: Indenture (BFC Financial Corp)

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