Common use of Subsequent Timeshare Loans Clause in Contracts

Subsequent Timeshare Loans. a. On each Transfer Date during the Prefunding Period on which Subsequent Timeshare Loans are pledged by the Issuer to the Indenture Trustee hereunder, subject to the satisfaction of the following conditions, the Indenture Trustee shall transfer on such Transfer Date, upon the order of the Issuer, from the Prefunding Account to an account designated by the Issuer, 82.75% of the Timeshare Loan Acquisition Price for each such Subsequent Timeshare Loan. Prior to the acceptance by the Indenture Trustee of any Subsequent Timeshare Loan or the release of any funds therefor, the following conditions must be satisfied on or prior to the related Transfer Date:

Subsequent Timeshare Loans. a. (a) On each Transfer Date during the Prefunding Period on which Subsequent Timeshare Loans are pledged by the Issuer to the Indenture Trustee hereunder, subject to the satisfaction of the following conditions, the Indenture Trustee shall transfer on such Transfer Date, upon the order of the Issuer, from the Prefunding Account to an account designated by the Issuer, 82.75the 70% of the Timeshare Loan Acquisition Price for each such Subsequent Timeshare Loan. Prior to the acceptance by the Indenture Trustee of any Subsequent Timeshare Loan or the release of any funds therefor, the following conditions must be satisfied on or prior to the related Transfer Date:

Subsequent Timeshare Loans. a. On each Transfer Date during the Prefunding Period on which Subsequent Timeshare Loans are pledged by the Issuer to the Indenture Trustee hereunder, subject to the satisfaction of the following conditions, the Indenture Trustee shall transfer on such Transfer Date, upon the order of the Issuer, from the Prefunding Account to an account designated by the Issuer, 82.75the 75% of the Timeshare Loan Acquisition Price for each such Subsequent Timeshare Loan. Prior to the acceptance by the Indenture Trustee of any Subsequent Timeshare Loan or the release of any funds therefor, the following conditions must be satisfied on or prior to the related Transfer Date:

Subsequent Timeshare Loans. a. (a) On each Transfer Date during the Prefunding Period on which Subsequent Timeshare Loans are pledged by the Issuer to the Indenture Trustee hereunder, subject to the satisfaction of the following conditions, the Indenture Trustee shall transfer on such Transfer Date, upon the order of the Issuer, from the Prefunding Account to an account designated by the Issuer, 82.75% of the Timeshare Loan Acquisition Price for each such Subsequent Timeshare Loan. Prior to the acceptance by the Indenture Trustee of any Subsequent Timeshare Loan or the release of any funds therefor, the following conditions must be satisfied on or prior to the related Transfer Date:

Subsequent Timeshare Loans. a. On each Transfer Date during the Prefunding Period on which Subsequent Timeshare Loans are pledged by the Issuer to the Indenture Trustee hereunderPeriod, subject to the satisfaction of the following conditionsconditions and the requirements of Section 4.3, and in consideration of the Indenture Trustee shall transfer Trustee’s delivery on such Transfer Date, Date to or upon the order of the IssuerIssuer or if so directed, from the Prefunding Account to an account designated by the IssuerDepositor, 82.75% of the Timeshare Loan Acquisition Price for Price, the Depositor shall sell, transfer, assign, set over and otherwise convey without recourse to the Owner, all right, title and interest of the Depositor in and to each such Subsequent Timeshare Loan. Prior to the acceptance by the Indenture Trustee of any Subsequent Timeshare Loan or the release of any funds therefor, the following conditions must be satisfied on or prior to the related Transfer Date: