XXXXXXENTATIONS AND WARRANTIES AS TO THE INTERVALS AND COMPONENT SITES Sample Clauses

XXXXXXENTATIONS AND WARRANTIES AS TO THE INTERVALS AND COMPONENT SITES. (a) TITLE; PRIOR LIENS. Club has good and marketable title to the Intervals and Los Abrigados has with respect to Los Abrigados Intervals (excluding sold Intervals and sold Los Abrigados Intervals), and each Component Site Developer has good and marketable title to each Component Site (excluding sold timeshare intervals). Neither Seller nor any Component Site Developer is in default under any of the documents evidencing or securing any indebtedness which is secured, wholly or in part, by the Club Project or any Component Site, 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. There are no liens or encumbrances against the Club Project or any Component Site, except for the Permitted Exceptions. Notwithstanding the foregoing, VCA South Bend Incorporated may place a mortgage on the VCA South Bend Project - Existing Phase up to the amount of two million dollars (US$2,000,000.00), and Los Abrigados Partners Limited Partnership may place a mortgage on the Los Abrigados Project up to the amount of five million dollars (US$5,000,000.00). Each such mortgage shall contain provisions requiring the mortgagee's partial release of the mortgage for timeshare intervals on the payment of release fees prior to the sell out of all timeshare intervals in a given Component Site, provide for delivery to Buyer of reasonable notice of Seller's default and afford Buyer the opportunity to cure such default, and either perform the same functions as an SNDI or the mortgagee shall execute and record an SNDI in the applicable public records of the location of the Component Site and those of the Los Abrigados Project.
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Related to XXXXXXENTATIONS AND WARRANTIES AS TO THE INTERVALS AND COMPONENT SITES

  • Representations and Warranties True as of the Closing Date The representations and warranties of Purchaser contained in this Agreement or in any list, certificate or document delivered by Purchaser to Sellers pursuant to the provisions hereof shall be true and correct on the Closing Date with the same effect as though such representations and warranties were made as of such date.

  • REPRESENTATIONS AND WARRANTIES OF THE TARGET Except as set forth in the correspondingly numbered Section of the Disclosure Schedules, the Target represents and warrants to Parent that the statements contained in this ARTICLE III are true and correct as of the date hereof.

  • Representations and Warranties as to the Receivables The Seller makes the following representations and warranties as to each Receivable, on which Ally Auto relies in accepting the Receivables. Such representations and warranties speak as of the Closing Date, and shall survive the sale, transfer and assignment of the Receivables to Ally Auto and the subsequent assignment and transfer pursuant to the Further Transfer Agreements:

  • Representations and Warranties as to the Pool of Receivables The Depositor makes the following representations and warranties as to the pool of Receivables on which the Trust shall be deemed to have relied in accepting the pool of Receivables. The representations and warranties speak as of the Closing Date, except to the extent otherwise provided, but shall survive the sale, transfer, assignment and conveyance of the pool of Receivables to the Trust pursuant to this Agreement and the pledge of the Receivables to the Indenture Trustee pursuant to the Indenture:

  • REPRESENTATIONS AND WARRANTIES OF TARGET 8 2.1 Organization, Standing and Power................................ 8 2.2

  • Representations and Warranties True at Closing The representations and warranties made by the Buyer in this Agreement shall be true and correct at and as of the Closing Date with the same effect as though such representations and warranties had been made or given at and as of the Closing Date.

  • Representations and Warranties Concerning Accounts With respect to the Accounts, Borrower represents and warrants to Lender: (a) Each Account represented by Borrower to be an Eligible Account for purposes of this Agreement conforms to the requirements of the definition of an Eligible Account; (b) All Account information listed on schedules delivered to Lender will be true and correct, subject to immaterial variance; and (c) Lender, its assigns, or agents shall have the right at any time and at Borrower's expense to inspect, examine, and audit Borrower's records and to confirm with Account Debtors the accuracy of such Accounts.

  • Representations and Warranties of the Seller as to each Receivable On the date hereof, the Seller hereby makes the representations and warranties set forth on Schedule I to the Issuer and the Indenture Trustee as to the Receivables sold, transferred, assigned, and otherwise conveyed to the Issuer under this Agreement on which such representations and warranties the Issuer relies in acquiring the Receivables. The representations and warranties as to each Receivable shall survive the Grant of the Receivables by the Issuer to the Indenture Trustee pursuant to the Indenture. Notwithstanding any statement to the contrary contained herein or in any other Transaction Document, the Seller shall not be required to notify any insurer with respect to any Insurance Policy obtained by an Obligor or to notify any Dealer about any aspect of the transaction contemplated by the Transaction Documents.

  • Representations and Warranties Concerning Collateral, Etc The Company further represents and warrants to the Secured Party as follows: (a) the Company is the owner of or has other rights in or power to transfer the Collateral, free from any right or claim of any person or any adverse lien, except for the security interest created by this Agreement and the Permitted Liens, (b) none of the account debtors or other persons obligated on any of the Collateral is a governmental authority covered by the Federal Assignment of Claims Act or like federal, state or local statute or rule in respect of such Collateral, (c) the Company holds no commercial tort claim except as indicated on the Company's Perfection Certificate, (d) all other information set forth on the Company's Perfection Certificate pertaining to the Collateral is accurate and complete, and (e) there has been no change in any of such information since the date on which the Company's Perfection Certificate was signed by the Company.

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