Common use of Time-Share Interest Not a Security Clause in Contracts

Time-Share Interest Not a Security. Borrower has not sold or offered for sale any Time-Share Interest as an investment. Neither the sale nor the offering for sale of any Time-Share Interest would constitute the sale or the offering of a security for sale under any applicable law.

Appears in 1 contract

Samples: Development and Receivables Loan and Security Agreement (Signature Resorts Inc)

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Time-Share Interest Not a Security. Borrower has not sold or offered ---------------------------------- for sale any Time-Share Interest as an investment. Neither the sale nor the offering for sale of any Time-Share Interest would will constitute the sale or the offering for sale of a security for sale under any applicable law.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Sunterra Corp)

Time-Share Interest Not a Security. Borrower has not sold or offered for sale any Time-Share Interest as an investment. Neither the sale nor the offering for sale of any Time-Share Interest would will constitute the sale or the offering for sale of a security for sale "security" under the Securities Act of 1933, the Securities Exchange Act of 1934, any state securities laws, commonly known as "blue sky" laws, or any other applicable law.

Appears in 1 contract

Samples: Loan and Security Agreement (Bluegreen Corp)

Time-Share Interest Not a Security. Borrower has not sold or offered for sale any Time-Share Interest as an investment. Neither the sale nor the offering for sale of any Time-Share Interest would will constitute the sale or the offering for sale of a security for sale under any applicable law.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

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Time-Share Interest Not a Security. Borrower has not sold or offered for sale any Time-Share Interest as an investment. Neither To the best of Borrower's Knowledge, neither the sale nor the offering for sale of any Time-Share Interest would will constitute the sale or the offering for sale of a security for sale under any applicable law.

Appears in 1 contract

Samples: Loan and Security Agreement (Cr Resorts Capital S De R L De C V)

Time-Share Interest Not a Security. Unless otherwise expressly ---------------------------------- approved in writing by Lender, Borrower has not sold or offered for sale sale, and will not sell or offer for sale, any Time-Share Interest as an investment. Neither Unless otherwise expressly approved in writing by Lender, neither the sale nor the offering for sale of any Time-Share Interest would will constitute the sale or the offering of a security for sale under any applicable law.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Vistana Inc)

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