Common use of Time-Share Association Budgets Clause in Contracts

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.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Sunterra Corp)

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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.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Sunterra Corp)

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 AssociationAssociations, certified to be adequate by the respective Time-Share Manager Program Managers (or if there is not a Time-Share ManagerProgram Manager for a Time Share Association, by an authorized officer of the such 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 its best efforts to cause to be made available to Lender Lender, upon Lender's request, for inspection, auditing and copying, upon Lender's requestas appropriate, the Real Property and the books and records of the Time-Share AssociationAssociations.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

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Time-Share Association Budgets. If requested by Lender, Borrower will submit to Lender (if the same had been requested by Lender in writing) within ten (10) 10 days after each is available, proposed annual maintenance and operating budgets of the 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 reasonable good faith 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Bluegreen Corp)

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