Subsidiaries, Affiliates and Capital Structure. Borrower has no subsidiaries or Affiliates which have any involvement or interest in any Resort in any way. None of the Affiliates of Borrower are parties to any proxies, voting trusts, shareholders agreements or similar arrangements pursuant to which voting authority, rights or discretion with respect to Borrower is vested in any other Person.
Subsidiaries, Affiliates and Capital Structure. The members of Borrower and their respective ownership interests are reflected on Exhibit N hereto.
Subsidiaries, Affiliates and Capital Structure. BVU is wholly‑owned by BXG. Lender acknowledges that BXG is publicly traded.
Subsidiaries, Affiliates and Capital Structure. Borrower has no subsidiaries or Affiliates which have any involvement or interest in any of the Resorts or the Club in any way except for the DRC Affiliates. Neither Borrower nor any of the DRC Affiliates is a party to any proxies, voting trusts, member’s agreements or similar arrangements pursuant to which voting authority, rights or discretion with respect to Borrower is vested in any other Person.
Subsidiaries, Affiliates and Capital Structure. Neither the Company nor any Subject Person has any Subsidiaries or Affiliates which have any interest or involvement in the Resorts except as shown on Schedule 4.30. No other Person has any legal or beneficial ownership interest in the Company. As used in this Section, Affiliates is not intended to include any Applicable Timeshare Owners Association. It is understood and agreed that the representations and warranties described in this Section 4, which are made on the Closing Date and on each Conveyance Date, shall survive the sale or contribution of the Conveyed Assets by the Company to SPV and any subsequent assignment of the Conveyed Assets by SPV (including its grant of a first priority perfected security interest in, to and under the Conveyed Assets, pursuant to the SPV Loan Agreement, in order to secure the due payment and performance by SPV of Obligations), and the termination of this Agreement and the Securitization Facility Documents and shall continue so long as any Conveyed Assets shall remain outstanding.
Subsidiaries, Affiliates and Capital Structure. Borrower has no Subsidiaries or Affiliates which have any involvement or interest in any Resort in any way.
Subsidiaries, Affiliates and Capital Structure. Except for the Guarantor and except for the mortgage in favor of Freedom Financial Corporation referred to above, Borrower has no subsidiaries or Affiliates which have any involvement or interest in any Resort in any way. Guarantor (98% owner and sole general partner) and Equal Investment Company (2% owner and sole limited partner) are the only owners and holders of 100% of all of the outstanding partnership interests in the Borrower. The Guarantor is involved in the business operations of and derives substantial financial benefit from the Borrower. For so long as Borrower is obligated to Lender under any of the Loan Documents, Guarantor shall remain the sole general partner of the Borrower. None of the Affiliates of Borrower are parties to any proxies, voting trusts, shareholders agreements or similar arrangements pursuant to which voting authority, rights or discretion with respect to the Borrower is vested in any other Person.
Subsidiaries, Affiliates and Capital Structure. Borrower has no subsidiaries or Affiliates which have any involvement or interest in any Resort in any way. None of the Affiliates
Subsidiaries, Affiliates and Capital Structure. Borrower has no subsidiaries which have any involvement or interest in the Property in any way. Guarantor owns all of the capital stock of Borrower. Guarantor derives substantial financial benefit from the Borrower. For so long as Borrower is obligated to Lender under any of the Loan Documents, there shall be no change in the ownership of Borrower without the prior written consent of Lender.
Subsidiaries, Affiliates and Capital Structure. Except as set forth on Schedule 9.9, Borrower has no subsidiaries or Affiliates which have any involvement or interest in the Mortgaged Property in any way. Borrower is a wholly-owned subsidiary of Guarantor. None of the owners of any interests in Borrower are parties to any proxies, voting trusts, shareholders agreements or similar arrangements pursuant to which voting authority, rights or discretion with respect to Borrower is vested in any other Person.
