Common use of Title to Properties; Prior Liens Clause in Contracts

Title to Properties; Prior Liens. Borrower has good and marketable title to all of the Collateral and to all unsold Units and Intervals at each Resort, and all rights, properties and benefits appurtenant to or benefiting them. Borrower is not in default under any of the documents evidencing or securing any indebtedness which is secured, wholly or in part, by any portion of any Resort or any portion or all the Collateral and no event has occurred which with the giving of notice, the passage of time or both, would constitute a default under any of the documents evidencing or securing any such indebtedness. Other than the Liens granted in favor of Agent, the Liens granted to secure the Additional Credit Facility, and the liens described in Schedule 6.5 attached hereto, there are no liens or encumbrances against the Collateral, or against any Resort.

Title to Properties; Prior Liens. Borrower has good and marketable title to all of the Collateral and to all unsold Units and Intervals at each Resort, and all rights, properties and benefits appurtenant to or benefiting them. Borrower is not in default under any of the documents evidencing or securing any indebtedness which is secured, wholly or in part, by any portion of any Resort or any portion or all the Collateral and no event has occurred which with the giving of notice, the passage of time or both, would constitute a default under any of the documents evidencing or securing any such indebtedness. Other than the Liens granted in favor of Agent, the Liens granted to secure the Additional Credit Facility, Agent and the liens described in Schedule 6.5 attached hereto, there are no liens or encumbrances against the Collateral, or against any Resort.

Title to Properties; Prior Liens. Borrower has good and marketable title to all of the Collateral and to all unsold Units and Intervals at each Resort, and all rights, properties and benefits appurtenant to or benefiting them. Borrower is not in default under any of the documents evidencing or securing any indebtedness which is secured, wholly or in part, by any portion of any Resort or any portion or all the Collateral and no event has occurred which with the giving of notice, the passage of time or both, would constitute a default under any of the documents evidencing or securing any such indebtedness. Other than the Liens granted in favor of Agent, the Liens granted to secure the Additional Credit FacilityInventory Loan, and the liens described in Schedule 6.5 attached hereto, there are no liens or encumbrances against the Collateral, or against any Resort.

Title to Properties; Prior Liens. Borrower has good and marketable title to all of the Collateral and to all unsold Units and Intervals at each Resort, and all rights, properties and benefits appurtenant to or benefiting them. Borrower is not in default under any of the documents evidencing or securing any indebtedness Indebtedness which is secured, wholly or in part, by any portion of any Resort or any portion or all the Collateral and no event has occurred which with the giving of notice, the passage of time or both, would constitute a default under any of the documents evidencing or securing any such indebtednessIndebtedness. Other than the Liens granted in favor of Agent, the Liens granted to secure the Additional Credit Facility, Agent and the liens described in Schedule 6.5 attached hereto, there are no liens or encumbrances against the Collateral, or against any Resort.

Title to Properties; Prior Liens. Borrower has good and marketable title to all of the Collateral Collateral, and to all unsold Units and Intervals at each Resort, and all rights, properties and benefits appurtenant to or benefiting them. Borrower is not in default under any of the documents evidencing or securing any indebtedness which is secured, wholly or in part, by any portion of any Resort or any portion or all the Collateral and no event has occurred which with the giving of notice, the passage of time or both, would constitute a default under any of the documents evidencing or securing any such indebtedness. Other than the Liens granted in favor of Agent, Agent and the Liens granted to secure the Additional Credit Facility, and the liens described in Schedule 6.5 attached hereto, there are no liens or encumbrances against the Collateral, or against any Resort.

Title to Properties; Prior Liens. Borrower has good and marketable title to all of the Collateral and to all unsold Units and Intervals at each Resort, and all rights, properties and benefits appurtenant to or benefiting them. Borrower is not in default under any of the documents evidencing or securing any indebtedness which is secured, wholly or in part, by any portion of any Resort or any portion or all the Collateral and no event has occurred which with the giving of notice, the passage of time or both, would constitute a default under any of the documents evidencing or securing any such indebtedness. Other than the Liens granted in favor of Agent, the Liens granted to secure the Additional Credit Facility, Lender and the liens described in Schedule 6.5 attached hereto, there are no liens or encumbrances against the Collateral, including to all unsold Units, Intervals and Inventory, or against any Resort.