Time-Share Association Budgets Sample Clauses

Time-Share Association Budgets. If requested by Lender, Borrower will submit to Lender within 10 days after each is available, proposed annual maintenance and operating budgets of each Time-Share Association, certified to be adequate by the Time-Share Manager (or if there is not a Time-Share Manager, by an authorized officer of the Time-Share Association) and a statement of the annual assessment to be levied upon the owners of Time-Share Interests; and will use its best efforts to cause to be made available to Lender for inspection, auditing and copying, upon Lender's request, the books and records of the Time-Share Association.
Sample 1
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Time-Share Association Budgets. Borrower will submit to Lender, (i) with respect to the budget for the Time-Share Association's 1996 fiscal year, by September 30, 1995, and (ii) with respect to budgets for subsequent years annually within ten (10) days after each is available, proposed annual maintenance and operating budgets of the Time-Share Association, certified to be adequate by the Time-Share Manager (or if there is not a Time-Share Manager, by an authorized officer of the Association) and a statement of the annual assessment to be levied upon the owners of Time-Share Interests: and will use its best efforts to cause to be made available to Lender for inspection, auditing and copying, upon Lender's request, the books and records of the Time-Share Association.
Sample 1
Time-Share Association Budgets. Borrower will submit to ------------------------------ Lender (if the same had been requested by Lender in writing) within ten (10) days after each is available, proposed annual maintenance and operating budgets of the Time-Share Association, certified to be adequate by the Time-Share Manager (or if there is not a Time-Share Manager, by an authorized officer of the Time-Share Association) and a statement of the annual assessment to be levied upon the owners of Time-Share Interests; and will use reasonable good faith efforts to cause to be made available to Lender for inspection, auditing and copying, upon Lender's request, the books and records of the Time-Share Association.
Sample 1
Time-Share Association Budgets. Borrower will deliver to Lender, ------------------------------ a pro-forma maintenance and operating budget for the Time-Share Association's first twelve-month period of operation not later than the date identified in the SCHEDULE as the Time-Share Association Budget Delivery Date, and thereafter will use commercially reasonable efforts to deliver to Lender within ten (10) days after each is available annual maintenance and operating budgets of the Time-Share Association, certified to be adequate by the Time-Share Manager (or if there is not a Time- Share Manager, by an authorized officer of the Time-Share Association) and a statement of the annual assessment to be levied upon the owners of Time-Share Interests; and will use commercially reasonable efforts to cause to be made available to Lender for inspection, auditing and copying, upon Lender's request, the books and records of the Time-Share Association.
Sample 1
Time-Share Association Budgets. Within thirty (30) days after the end of each fiscal year, Borrower will submit to Lender proposed annual maintenance and operating budgets of each Time-Share Project, certified to be adequate by the Borrower, and a statement of the annual assessment to be levied upon the owners of Time-Share Interests.
Sample 1

Related to Time-Share Association Budgets

  • General Partner Gross Income Allocation After giving effect to the special allocations in paragraph 2 but prior to any allocations under subparagraphs 1(a) or 1(b), there shall be specially allocated to the General Partner an amount of (i) first, items of Partnership income and (ii) second, items of Partnership gain during each fiscal year or other applicable period in an amount equal to the excess, if any, of (A) the cumulative distributions made to the General Partner under Section 7.3(b) of the Agreement, other than distributions which would properly be treated as “guaranteed payments” or which are attributable to the reimbursement of expenses which would properly be either deductible by the Partnership or added to the tax basis of any Partnership asset, over (B) the cumulative allocations of Partnership income and gain to the General Partner under this subparagraph 1(c)(i).

  • Company to Provide Interim Financial Statements Prior to the First Closing Date and each applicable Option Closing Date, the Company will furnish the Underwriters, as soon as they have been prepared by or are available to the Company, a copy of any unaudited interim financial statements of the Company for any period subsequent to the period covered by the most recent financial statements appearing in the Registration Statement and the Prospectus.

  • Membership Dues Association membership dues, as explicitly approved by the Trustees;

  • Shareholder Account Maintenance a. Maintain all shareholder records for each account in the Trust.

  • Air Travel The Buyers will reimburse the Seller for the transportation costs of the Seller's instructors in confirmed business class or in confirmed coach class, where business class is not available, to and from the Buyers' designated training site and the Seller's training center.

  • Stock Ownership Guidelines Executive will comply with all stock ownership and stock retention guidelines or policies established by the Board and the Committee, as in effect from time to time.

  • Complete Portfolio Holdings From Shareholder Reports Containing a Summary Schedule of Investments; and

  • Corporation, etc The Buyer is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or charitable organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.

  • Number Designation Election Term Etc Section 1.

  • Lost Shareholder Due Diligence Searches and Servicing The Trust hereby acknowledges that USBFS has an arrangement with an outside vendor to conduct lost shareholder searches required by Rule 17Ad-17 under the Securities Exchange Act of 1934, as amended. Costs associated with such searches will be passed through to the Trust as an out-of-pocket expense in accordance with the fee schedule set forth in Exhibit C hereto. If a shareholder remains lost and the shareholder’s account unresolved after completion of the mandatory Rule 17Ad-17 search, the Trust hereby authorizes vendor to enter, at its discretion, into fee sharing arrangements with the lost shareholder (or such lost shareholder’s representative or executor) to conduct a more in-depth search in order to locate the lost shareholder before the shareholder’s assets escheat to the applicable state. The Trust hereby acknowledges that USBFS is not a party to these arrangements and does not receive any revenue sharing or other fees relating to these arrangements. Furthermore, the Trust hereby acknowledges that vendor may receive up to 35% of the lost shareholder’s assets as compensation for its efforts in locating the lost shareholder.

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