JOINDER AGREEMENT
Exhibit 4.10
This JOINDER AGREEMENT (this “Agreement”), dated as of September 1, 2018, by Interval Acquisition Corp., a Delaware corporation (the “ILG Borrower”), to the Credit Agreement dated as of August 31, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Marriott Vacations Worldwide Corporation, a Delaware corporation (“MVWC”), Marriott Ownership Resorts, Inc., a Delaware corporation (the “MVW Borrower” or the “ Borrower Representative”) on and after the ILG Joinder Date, Interval Acquisition Corp., a Delaware corporation (the “ILG Borrower” and, together with the MVW Borrower, the “Borrowers”), each Lender from time to time party thereto and JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent and collateral agent (in such capacity, the “Administrative Agent”).
A. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.
B. MVWC, the Borrower Representative, the Lenders and the Administrative Agent have entered into the Credit Agreement whereby the Lenders have agreed to provide certain credit facilities and financial accommodations to the Borrowers thereunder.
C. The ILG Borrower desires that the ILG Borrower join the Credit Agreement as a “Borrower” thereunder.
Accordingly, the Administrative Agent and the ILG Borrower agree as follows:
SECTION 1. Credit Agreement; Representations and Warranties. The ILG Borrower by its signature below becomes a Borrower under the Credit Agreement and the other Loan Documents with the same force and effect as if originally named therein as a Borrower and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Borrower thereunder and hereby becomes, jointly and severally, for all purposes, and with all rights and obligations of, a Borrower under the Credit Agreement and the other Loan Documents. The ILG Borrower hereby (a) agrees to all the terms and provisions of the Credit Agreement and other Loan Documents applicable to it as a Borrower thereunder and (b) represents and warrants that the representations and warranties made by it as a Borrower under the Credit Agreement and the other Loan Documents, each of which is hereby incorporated herein by reference, are true and correct on and as of the date hereof and the Administrative Agent, the Collateral Agent and each other Secured Party shall be entitled to rely on each of them as if they were fully set forth herein. Each reference to a “Borrower” in the Credit Agreement and the other Loan Documents shall be deemed to include the ILG Borrower. The Credit Agreement is hereby incorporated herein by reference. For the avoidance of doubt, this Agreement shall constitute a Loan Document under the terms of the Credit Agreement.
SECTION 2. Covenants. The ILG Borrower hereby covenants and agrees with the Administrative Agent, the Collateral Agent and each other Secured Party that, from and after the date of this Agreement until the Maturity Date, the ILG Borrower shall take, or shall refrain from taking, as the case may be, all actions that are necessary to be taken or not taken so that no violation of any provision, covenant or agreement contained in Article VI or Article VII of the Credit Agreement and so that no Default or Event of Default is caused by any act or failure to act of the ILG Borrower.
SECTION 3. No Default. The ILG Borrower hereby represents and warrants that no Default or Event of Default has occurred and is continuing or would result from the ILG Borrower becoming a Borrower.
SECTION 4. Due Authorization, Execution and Delivery. The ILG Borrower represents and warrants to the Agents and the Lenders that this Agreement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity.
SECTION 5. Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement shall become effective when the Administrative Agent shall have received a counterpart of this Agreement that bears the signature of the ILG Borrower, and the Administrative Agent has executed a counterpart hereof. Delivery of an executed signature page to this Supplement by facsimile transmission or other electronic communication (including “.pdf” or “.tiff” files) shall be as effective as delivery of a manually signed counterpart of this Supplement.
SECTION 6. Schedules. The information set forth in Annex 1 is hereby added to the information set forth in the corresponding Schedules to the Credit Agreement.
SECTION 7. No Waiver. The execution of this Agreement shall not operate as a waiver of any right, power or remedy of the Agents or the Lenders, nor constitute a waiver of any provision of any of the Loan Documents. Except as expressly modified hereby, the Credit Agreement and other Loan Documents shall remain in full force and effect.
SECTION 8. Further Assurances. The ILG Borrower agrees to execute and deliver such further instruments and documents and take such further actions as the Administrative Agent may reasonably require to carry out more effectively the purposes of this Agreement.
SECTION 9. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
SECTION 10. SUBMISSION TO JURISDICTION; WAIVERS. THE PROVISIONS OF SECTION 10.14 AND SECTION 10.15 OF THE CREDIT AGREEMENT ARE HEREBY INCORPORATED HEREIN, MUTATIS MUTANDIS, AND APPLY WITH LIKE EFFECT TO THIS AGREEMENT.
SECTION 11. Severability. In case any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Credit Agreement shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.
SECTION 12. Notices. All communications and notices hereunder shall be in writing and given as provided in Section 10.02 of the Credit Agreement.
SECTION 13. Section Headings. The Section headings used in this Agreement are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof.
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SECTION 11. Successors and Assigns. This Agreement shall be binding upon the successors and assigns of the ILG Borrower and shall inure to the benefit of the Administrative Agent, the Collateral Agent and the other Secured Parties and their respective successors and assigns except that the ILG Borrower may not assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Administrative Agent and the Collateral Agent or as otherwise permitted by the Credit Agreement.
[Remainder of Page Intentionally Blank]
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IN WITNESS WHEREOF, the ILG Borrower and the Administrative Agent have duly executed this Joinder Agreement to the Credit Agreement as of the day and year first above written.
INTERVAL ACQUISITION CORP., as the ILG Borrower
| ||
By: | /s/ Xxxx X. Xxxxxx, Xx. | |
Name: | Xxxx X. Xxxxxx, Xx. | |
Title: | Executive Vice President and Chief Financial Officer |
[Signature Page to Joinder Agreement]
JPMORGAN CHASE BANK, N.A., as Administrative Agent
| ||||
By: | /s/ Xxxxxxxx Xxxxx | |||
Name: | Xxxxxxxx Xxxxx | |||
Title: | Executive Director |
[Signature Page to Joinder Agreement]
ANNEX 1
Schedules to Credit Agreement
[Attached.]
Schedule 1.01A
Guarantors
Guarantor Name |
Jurisdiction | |||
1. | Aqua Hospitality LLC | Delaware | ||
2. | Aqua Hotels & Resorts, LLC | Hawaii | ||
3. | Aqua Hotels and Resorts Operator LLC | Delaware | ||
4. | Aqua Hotels and Resorts, Inc. | Delaware | ||
5. | Aqua Luana Operator LLC | Hawaii | ||
6. | Aqua-Aston Holdings, Inc. | Delaware | ||
7. | Aqua-Aston Hospitality, LLC | Hawaii | ||
8. | Aston Hotels & Resorts Florida, LLC | Florida | ||
9. | Beach House Development Partnership | Florida | ||
10. | CDP GP, Inc. | Delaware | ||
11. | CDP Investors, L.P. | Delaware | ||
12. | Cerromar Development Partners GP, Inc. | Delaware | ||
13. | Cerromar Development Partners, L.P., S.E. | Delaware | ||
14. | Coconut Plantation Partner, Inc. | Florida | ||
15. | Data Marketing Associates East, Inc. | Florida | ||
16. | Diamond Head Management LLC | Hawaii | ||
17. | Flex Collection, LLC | Florida | ||
18. | FOH Holdings, LLC | Delaware | ||
19. | FOH Hospitality, LLC | Delaware | ||
20. | Grand Aspen Holdings, LLC | Delaware | ||
21. | Grand Aspen Lodging, LLC | Delaware | ||
22. | Hawaii Vacation Title Services, Inc. | Hawaii |
Guarantor Name |
Jurisdiction | |||
23. | Hotel Management Services LLC | Hawaii | ||
24. | HPC Developer, LLC | Delaware | ||
25. | HT-Highlands, Inc. | Delaware | ||
26. | HTS-BC, L.L.C. | Delaware | ||
27. | HTS-Beach House Partner, L.L.C. | Delaware | ||
28. | HTS-Beach House, Inc. | Delaware | ||
29. | HTS-Coconut Point, Inc. | Delaware | ||
30. | HTS-Ground Lake Tahoe, Inc. | Delaware | ||
31. | HTS-Key West, Inc. | Delaware | ||
32. | HTS-KW, Inc. | Delaware | ||
33. | HTS-Lake Tahoe, Inc. | Delaware | ||
34. | HTS-Loan Servicing, Inc. | Delaware | ||
35. | HTS-Main Street Station, Inc. | Delaware | ||
36. | HTS-Maui, L.L.C. | Delaware | ||
37. | HTS-San Antonio, Inc. | Delaware | ||
38. | HTS-San Antonio, L.L.C. | Delaware | ||
39. | HTS-San Antonio, L.P. | Delaware | ||
40. | HTS-Sedona, Inc. | Delaware | ||
41. | HTS-Sunset Harbor Partner, L.L.C. | Delaware | ||
42. | HTS-Windward Pointe Partner, L.L.C. | Delaware | ||
43. | HV Global Group, Inc. | Delaware | ||
44. | HV Global Management Corporation | Delaware | ||
45. | HV Global Marketing Corporation | Florida | ||
46. | HVO Key West Holdings, LLC | Florida |
Guarantor Name |
Jurisdiction | |||
47. | IIC Holdings, Incorporated | Delaware | ||
48. | ILG, LLC | Delaware | ||
49. | ILG Management, LLC | Florida | ||
50. | ILG Shared Ownership, Inc. | Delaware | ||
51. | Interval Acquisition Corp. | Delaware | ||
52. | Interval Holdings, Inc. | Delaware | ||
53. | Interval International, Inc. | Florida | ||
54. | Interval Resort & Financial Services, Inc. | Florida | ||
55. | Interval Software Services, LLC | Florida | ||
56. | Kai Management Services LLC | Hawaii | ||
57. | Kauai Blue, Inc. | Delaware | ||
58. | Key Xxxxxx Limited | Florida | ||
59. | Lagunamar Cancun Mexico, Inc. | Florida | ||
60. | Management Acquisition Holdings, LLC | Delaware | ||
61. | Maui Condo and Home, LLC | Hawaii | ||
62. | Pelican Landing Timeshare Ventures Limited Partnership | Delaware | ||
63. | REP Holdings, Ltd. | Hawaii | ||
64. | Resort Management Finance Services, Inc. | Florida | ||
65. | Resort Sales Services, Inc. | Delaware | ||
66. | RQI Holdings, LLC | Hawaii | ||
67. | S.O.I. Acquisition Corp. | Florida | ||
68. | Scottsdale Residence Club, Inc. | Florida | ||
69. | Sheraton Flex Vacations, LLC | Florida |
Guarantor Name |
Jurisdiction | |||
70. | St. Regis New York Management, Inc. | Florida | ||
71. | Xx. Xxxxx Xxxxxxxxx Xxxx, Xxx Xxxx Inc. | Florida | ||
72. | Vacation Ownership Lending GP, Inc. | Delaware | ||
73. | Vacation Ownership Lending, L.P. | Delaware | ||
74. | Vacation Title Services, Inc. | Florida | ||
75. | VCH Communications, Inc. | Florida | ||
76. | VCH Consulting, Inc. | Florida | ||
77. | VCH Systems, Inc. | Florida | ||
78. | Vistana Acceptance Corp. | Florida | ||
79. | Vistana Aventuras, Inc. | Florida | ||
80. | Vistana Development, Inc. | Florida | ||
81. | Vistana Hawaii Management, Inc. | Hawaii | ||
82. | Vistana Management, Inc. | Florida | ||
83. | Vistana MB Management, Inc. | South Carolina | ||
84. | Vistana Portfolio Services, Inc. | Florida | ||
85. | Vistana PSL, Inc. | Florida | ||
86. | Vistana Residential Management, Inc. | Florida | ||
87. | Vistana Signature Experiences, Inc. | Delaware | ||
88. | Vistana Signature Network, Inc. | Delaware | ||
89. | Vistana Vacation Ownership, Inc. | Florida | ||
90. | Vistana Vacation Realty, Inc. | Florida | ||
91. | Vistana Vacation Services Hawaii, Inc. | Hawaii | ||
92. | VOL GP, Inc. | Delaware |
Guarantor Name |
Jurisdiction | |||
93. | VOL Investors, L.P. | Delaware | ||
94. | VSE Development, Inc. | Florida | ||
95. | VSE East, Inc | Florida | ||
96. | VSE Mexico Portfolio Services, Inc. | Florida | ||
97. | VSE Myrtle Beach, LLC | South Carolina | ||
98. | VSE Pacific, Inc. | Florida | ||
99. | VSE Trademark, Inc. | Florida | ||
100. | VSE Vistana Villages, Inc. | Florida | ||
101. | VSE West, Inc. | Florida | ||
102. | Westin Sheraton Vacation Services, Inc. | Florida | ||
103. | Windward Pointe II, L.L.C. | Delaware | ||
104. | Worldwide Vacation & Travel, Inc. | Florida | ||
105. | WVC Rancho Mirage, Inc. | Delaware |
Schedule 1.01B
Excluded Subsidiaries
Subsidiary Name |
Jurisdiction | |||
1. | Great Destinations, Inc. | Nevada | ||
2. | GDVI, LLC | Delaware | ||
3. | XYZII, Inc. | Washington | ||
4. | Meridian Financial Services, Inc. | North Carolina | ||
5. | Meragon Financial Services, Inc. | North Carolina | ||
6. | Trading Places International, Inc. | California | ||
7. | Paradise Vacation Adventures, LLC | Hawaii | ||
8. | TPI Management - Canada Inc | British Columbia | ||
9. | Vacation Resorts International | California | ||
10. | VRI-ORE, LLC | Utah | ||
11. | Owners’ Resorts and Exchange, Inc | Utah | ||
12. | Aqua - Aston Hospitalidad, Limitada | Costa Rica | ||
13. | Organización Interval International, C.A. | Venezuela | ||
14. | Worldex Corporation | Florida | ||
15. | ILG International Holdings, Inc. | Florida | ||
16. | Interval Leisure Group UK Holdings Limited | England & Wales | ||
17. | ILG Lux Holdings S.a.r.l. | Luxembourg | ||
18. | ILG Lux Holdings II S.a.r.l | Luxembourg | ||
19. | ILG Lux Finance S.a.r.l. | Luxembourg |
Subsidiary Name |
Jurisdiction | |||
20. | FMRH Limited | Isle of Man | ||
21. | Interval Leisure Group UK Holdings (No.2) Limited | England & Wales | ||
22. | Interval UK Holdings Limited | England & Wales | ||
23. | Interval International Limited | England & Wales | ||
24. | Interval International Greece Ltd. | Greece | ||
25. | Interval International Singapore (Pte) Ltd | Singapore | ||
26. | Aqua-Aston Management Holdings, LLC | Delaware | ||
27. | Interval Leisure Group Management Limited | England & Wales | ||
28. | VRI Europe Limited | England & Wales | ||
29. | VRI Management Canarias X.X. | Xxxxx | ||
00. | XXX Xxxxxxxxxx Xxxxxx X.X. | Xxxxx | ||
31. | Resort Solutions Holdings Limited | England & Wales | ||
32. | Resort Solutions Limited | England & Wales | ||
33. | Interval Vacation Exchange, LLC | Delaware | ||
34. | Interval Vacation Exchange S.A. | Spain | ||
35. | Interval International Italia SRL | SRL | ||
36. | Interval International Finland Oy | Finland | ||
37. | Interval International GmbH | Germany | ||
38. | Intervalo International Prestacao de Servicos Lda | Portugal | ||
39. | Interval International Overseas Holdings, LLC | Florida |
Subsidiary Name |
Jurisdiction | |||
40. | Interval International Holdings, LLC | Florida | ||
41. | Interval International Holdings Mexico S.A. de C.V. | Mexico | ||
42. | Intercambios Xxxxxxxxxxxxxxx xx Xxxxxxxxxx XX xx XX | Xxxxxx | ||
00. | Interval Servicios de Mexico S.A. de C.V. | Mexico | ||
44. | TA Resort Servicing Mexico S.A. de C.V. | Mexico | ||
45. | Interval International Argentina S.A. | Argentina | ||
46. | Interval International de Colombia, S.A.S. | Colombia | ||
47. | Interval International Eastern Canada Inc. | Canada | ||
48. | Interval International Egypt Ltd | Egypt | ||
49. | Interval International Brasil Servicos Ltda. | Brazil | ||
50. | Interval International FZE | UAE | ||
51. | Maui Timeshare Venture, LLC | Delaware | ||
52. | HKB Beverage, L.L.C. | Delaware | ||
53. | Maui Timeshare Loan Servicing, LLC | Delaware | ||
54. | Sunset Harbor Development Partnership | Florida | ||
55. | HTS-CHC (Sedona), LLC | Delaware | ||
56. | Highlands Inn Investors II, L.P. | Delaware | ||
57. | HVC-Highlands, L.L.C. | Delaware | ||
58. | Highlands Inn Wastewater Treatment Plant Association, Inc. | California | ||
59. | HTS-Wild Oak Ranch Beverage, LLC | Texas | ||
60. | Westin St. Xxxx Hotel Company, Inc. (USVI) | USVI | ||
61. | Westin Vacation Management Company (USVI) | USVI | ||
62. | WVC St. Xxxx, Inc. (USVI) | USVI |
Subsidiary Name |
Jurisdiction | |||
63. | WSJ Intermediate Corp. | Delaware | ||
64. | Fifth and Fifty-Fifth Holdings, Inc. | New York | ||
65. | Scottsdale Residence Club Sales, Inc. | Arizona | ||
66. | Points of Colorado, Inc. | Colorado | ||
67. | Steamboat Resort Village LLC | Delaware | ||
68. | Success Developments, L.L.C. | Arizona | ||
69. | POC Intermediate Corp. | Delaware | ||
70. | VDI Intermediate Corp. | Delaware | ||
71. | St. Regis Colorado Management, Inc. | Colorado | ||
72. | St. Regis Residence Club of Colorado, Inc. | Colorado | ||
73. | Vistana Arizona Management, Inc. | Arizona | ||
74. | Vistana California Management, Inc. | California | ||
75. | Vistana Colorado Management, Inc. | Colorado | ||
76. | SVO 2011-A VOI Mortgage Corp. | Delaware | ||
77. | SVO 2011-A VOI Mortgage LLC | Delaware | ||
78. | SVO 2012-A VOI Mortgage Corp. | Delaware | ||
79. | SVO 2012-A VOI Mortgage LLC | Delaware | ||
80. | VSE 2016-A VOI Mortgage, Inc. | Delaware | ||
81. | VSE 2016-A VOI Mortgage LLC | Delaware | ||
82. | VSE 2017-A VOI Mortgage, Inc. | Delaware | ||
83. | VSE 2017-A VOI Mortgage LLC | Delaware | ||
84. | VSE 2018-A VOI Mortgage, Inc. | Delaware | ||
85. | VSE 2018-A VOI Mortgage, LLC | Delaware | ||
86. | PSL Intermediate Corp. | Delaware |
Subsidiary Name |
Jurisdiction | |||
87. | Vistana Scottsdale Management, Inc. | Arizona | ||
88. | VSE Arizona Development, Inc. | Arizona | ||
89. | VSE Arizona Realty, Inc. | Arizona | ||
90. | VSE California Sales, Inc. | California | ||
91. | Vistana Scottsdale, Inc. | Arizona | ||
92. | Vistana Scottsdale Development, Inc. | Arizona | ||
93. | VSI Intermediate Corp. | Delaware | ||
94. | MB Intermediate Corp. | Delaware | ||
95. | SVOP Intermediate Corp. | Delaware | ||
96. | VSE Residence Club Sales of New York, Inc. | New York | ||
97. | VSE Residence Club Sales, Inc. | Colorado | ||
98. | VSE Villas Arizona, Inc. | Arizona | ||
99. | WAZ Intermediate Corp. | Delaware | ||
100. | SVV Intermediate Corp. | Delaware | ||
101. | RM Intermediate Corp. | Delaware | ||
102. | VSE Cayman Holdings Limited | Cayman Islands | ||
103. | VSE Bahamas Holdings, LLC | Delaware | ||
104. | VSE International, Inc. | Florida | ||
105. | Overseas Promotions, Inc. | Cayman Island | ||
106. | Overseas Promotions Venezuela, S.A. | Venezuela | ||
107. | Vistana Bahamas Sales and Marketing Limited | Bahamas | ||
108. | Brendsland, S.A | Uruguay | ||
109. | Vistana Bahamas Investments Limited | Bahamas |
Subsidiary Name |
Jurisdiction | |||
110. | Promociones Iternacionales Colombia, S.A. | Colombia | ||
111. | Harborside at Atlantis Joint Venture Limited | Bahamas | ||
112. | Harborside at Atlantis Development Limited | Bahamas | ||
113. | Harborside at Atlantis Management Limited | Bahamas | ||
114. | Vacation Portfolio Services Limited | Bahamas | ||
115. | VSE UK Holdings Ltd. | England & Wales | ||
116. | VSE International Holdco, LLC | Florida | ||
117. | VSE Azteca Holdings, S. de X. X. de C.V. | Mexico | ||
118. | VVO International Holdco, LLC | Florida | ||
119. | Hoteles Cabos K22.5, X. xx X. X. xx X.X. | Xxxxxx | ||
000. | Hoteles Cancún K20, S. de X. X. de C.V. | Mexico | ||
121. | Turistica Cancún, S. de X. X. de C.V. | Mexico | ||
122. | Hoteles Vallarta 205, S. de X. X. de C.V. | Mexico | ||
123. | Empresa de Servicios Cancun, S.A. de X. X. de C.V. | Mexico | ||
124. | Empresa de Servicios K20 Cancun, S. de X. X. de C.V. | Mexico | ||
125. | Empresa de Servicios Los Cabos, S.A. de C.V. | Mexico | ||
126. | VSE Mexico Holding, S. de X. X. de C.V | Mexico | ||
127. | Cancun Intermediate Corp. | Delaware | ||
128. | Empresa de Servicios Vallarta 205, S. de X. X. de C.V. | Mexico | ||
129. | Los Cabos Villa Management, S. de X. X. de C.V. | Mexico | ||
130. | VSE Cancun Sales, S. de X. X. de C.V. | Mexico | ||
131. | VSE Mexico PLC, S. de X. X. de C.V. | Mexico | ||
132. | VSE Servicios de Mexico, S. de X. X. de C.V. | Mexico | ||
133. | VSE Villas Los Cabos, S. de X. X. de C.V. | Mexico |
Schedule 1.01C
Existing Hedge Banks
None.
Schedule 2.03(a)(i)
US Existing Letters of Credit
Issuer |
Principal Name |
Beneficiary |
Number |
Amount |
Effective |
Expiration |
Description | |||||||||
1. | Xxxxx Fargo Bank | HVC-Highlands, LLC | Bureau of Real Estate, CA | IS0246688U | $323,109.15 | 10/01/14 | 10/01/18 | Escrow Agent | ||||||||
2. | Xxxxx Fargo Bank | ILG, LLC (f/k/a Interval Leisure Group, Inc.) | National Union Fire Ins Co of Pittsburgh, PA et all | IS0254587U | $397,482.00 | 10/29/14 | 10/01/18 | LOC requirement for AIG Workers Comp program | ||||||||
3. | Xxxxx Fargo Bank | ILG, LLC (f/k/a Interval Leisure Group, Inc.) | Liberty Mutual Insurance Company H.O. Financial | IS0498593U | $1,150,000.00 | 03/15/17 | 12/31/18 | LOC requirement for Liberty Mutual Workers Comp program | ||||||||
4. | Xxxxx Fargo Bank | Worldwide Vacation & Travel, Inc | Airline Reporting Corp | SC-102004U | $70,000.00 | 08/15/14 | 08/15/19 | Travel Agency Guarantee Miami Office | ||||||||
5. | Xxxxx Fargo Bank | ILG, LLC (f/k/a Interval Leisure Group, Inc.) | AIG Multibeneficiaries | IS-0419789U | $1,098,735.00 | 05/11/16 | 05/11/19 | OCIP 2/Contract #615350-53 Escrow Balance | ||||||||
6. | Xxxxx Fargo Bank | ILG, LLC (f/k/a Interval Leisure Group, Inc.) | AIG Multibeneficiaries | IS-0419690U | $1,002,607.00 | 05/11/16 | 05/11/19 | OCIP 3/Contract #327175-78 Escrow Balance | ||||||||
7. | Xxxxx Fargo Bank | Cerromar Development Partners | Xxxxxx Xxxxxxx and PR Tourism Company | IS0246690U | $250,000.00 | 10/01/14 | 10/01/18 | Escrow Agent |
Schedule 2.03(a)(ii)
Multicurrency Existing Letters of Credit
Issuer |
Principal Name |
Beneficiary |
Number |
Amount |
Effective |
Expiration |
Description | |||||||||
1. | Xxxxx Fargo Bank | Interval International GMBH | Joh. Berenberg Xxxxxxx and Co. Berenberg Bank | IS-000016843U | EUR 16,827.00 | 10/11/17 | 10/10/18 | Rent guarantee covering lease agreement for German office |
Schedule 5.06
Litigation
None, other than as previously disclosed in Target’s SEC filings.
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Schedule 5.11
Subsidiaries and Other Equity Investments
Subsidiary |
Jurisdiction of Organization |
Owner of Subsidiary |
Percentage of Outstanding Equity Interests Held, Directly or Indirectly, by the Owner |
% of Total Issued Interests Pledged |
||||||||
Delaware | Volt Merger Sub, LLC | 100 | % | 100 | % | |||||||
Interval Acquisition Corp. |
Delaware | ILG, LLC | 100 | % | 100 | % | ||||||
IIC Holdings, Incorporated |
Delaware | Interval Acquisition Corp. | 100 | % | 100 | % | ||||||
Resort Sales Services, Inc. |
Delaware | IIC Holdings, Incorporated | 100 | % | 100 | % | ||||||
Great Destinations, Inc. |
Nevada | Resort Sales Services, Inc | 50 | % | 100 | % | ||||||
Xxxxxx Xxxxxxx | 50 | % | N/A | |||||||||
Resort Management Finance Services, Inc. |
Florida | IIC Holdings, Incorporated | 100 | % | 100 | % | ||||||
Interval Holdings, Inc. |
Delaware | IIC Holdings, Incorporated | 100 | % | 100 | % | ||||||
Worldex Corporation | 100 | % (preferred stock) | N/A | |||||||||
Interval International, Inc. |
Florida | Interval Holdings, Inc. | 100 | % | 100 | % | ||||||
Interval Resort & Financial Services, Inc. |
Florida | Interval International, Inc. | 100 | % | 100 | % | ||||||
XYZII, Inc. |
Washington | Interval Resort & Financial Services, Inc. | 100 | % | N/A | |||||||
Meridian Financial Services, Inc. |
North Carolina |
Interval Resort & Financial Services, Inc. | 100 | % | N/A | |||||||
Worldwide Vacation & Travel, Inc. |
Florida | Interval International, Inc. | 100 | % | 100 | % | ||||||
Interval Software Services, LLC |
Florida | Interval International, Inc. | 100 | % | 100 | % | ||||||
Management Acquisition Holdings, LLC |
Delaware | Interval International, Inc. | 100 | % | 100 | % | ||||||
Trading Places International, Inc. |
California | Management Acquisition Holdings, LLC | 100 | % | N/A | |||||||
ILG Management, LLC |
Florida | Management Acquisition Holdings, LLC | 100 | % | 100 | % | ||||||
Vacation Resorts International |
California | Management Acquisition Holdings, LLC | 100 | % | N/A | |||||||
Aqua-Aston Holdings, Inc. |
Delaware | Interval International, Inc. | 99.5 | % | 100 | % | ||||||
Minority Shareholder (subject to annual put) | Less than 0.5 | % | N/A | |||||||||
Aqua Hotels and Resorts, Inc. |
Delaware | Aqua-Aston Holdings, Inc. | 100 | % | 100 | % | ||||||
Aqua Hospitality LLC |
Delaware | Aqua-Aston Holdings, Inc. | 100 | % | 100 | % | ||||||
Aqua Hotels and Resorts Operator LLC |
Delaware | Aqua Hotels and Resorts, Inc. | 50 | % | 100 | % | ||||||
Aqua Hospitality LLC | 50 | % | 100 | % | ||||||||
Diamond Head Management LLC |
Hawaii | Aqua Hotels and Resorts Operator LLC | 100 | % | 100 | % | ||||||
Hotel Management Services LLC |
Hawaii | Aqua Hotels and Resorts Operator LLC | 100 | % | 100 | % | ||||||
Aqua Hotels and Resorts, LLC |
Hawaii | Aqua Hotels and Resorts Operator LLC | 100 | % | 100 | % | ||||||
Kai Management Services LLC |
Hawaii | Aqua Hotels and Resorts Operator LLC | 100 | % | 100 | % | ||||||
Aqua Luana Operator LLC |
Hawaii | Aqua Hospitality LLC | 100 | % | 100 | % | ||||||
RQI Holdings, LLC |
Hawaii | Aqua-Aston Holdings, Inc. | 100 | % | 100 | % | ||||||
Aqua-Aston Hospitality, LLC |
Hawaii | RQI Holdings, LLC | 100 | % | 100 | % | ||||||
Aston Hotels & Resorts Florida, LLC |
Florida | Aqua-Aston Hospitality, LLC | 100 | % | 100 | % |
17
Subsidiary |
Jurisdiction of Organization |
Owner of Subsidiary |
Percentage of Outstanding Equity Interests Held, Directly or Indirectly, by the Owner |
% of Total Issued Interests Pledged |
||||||||
Aqua - Aston Hospitalidad, Limitada |
Costa Rica | Aqua-Aston Hospitality, LLC | 100 | % | 65 | % | ||||||
REP Holdings, Ltd. |
Hawaii | Aqua-Aston Hospitality, LLC | 100 | % | 100 | % | ||||||
Maui Condo and Home, LLC |
Hawaii | Aqua-Aston Holdings, Inc. | 100 | % | 100 | % | ||||||
Organización Interval International, C.A. |
Venezuela | Interval International, Inc. | 50 | % | 65 | % | ||||||
Worldex Corporation | 50 | % | N/A | |||||||||
ILG International Holdings, Inc. |
Florida | Interval International, Inc. | 100 | % | 65 | % | ||||||
ILG Shared Ownership, Inc. |
Delaware | IIC Holdings, Incorporated | 100 | % | 100 | % | ||||||
S.O.I Acquisition Corp. |
Florida | ILG Shared Ownership, Inc. | 100 | % | 100 | % | ||||||
HPC Developer, LLC |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
HTS-Maui, L.L.C. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
Cerromar Development Partners GP, Inc. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
Cerromar Development Partners, L.P., S.E. |
Delaware | Cerromar Development Partners GP, Inc. | 1 | % GP | 100 | % | ||||||
CDP Investors, L.P. | 99 | % LP | 100 | % | ||||||||
CDP Investors, L.P. |
Delaware | CDP GP, Inc. | 1 | % GP | 100 | % | ||||||
HTS-BC, L.L.C. | 99 | % LP | 100 | % | ||||||||
CDP GP, Inc |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
Vacation Ownership Lending GP, Inc. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
Vacation Ownership Lending, L.P. |
Delaware | Vacation Ownership Lending GP, Inc. | 1 | % GP | 100 | % | ||||||
VOL Investors, L.P. | 99 | % LP | 100 | % | ||||||||
VOL GP, Inc. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
VOL Investors, L.P. |
Delaware | HTS-Loan Servicing, Inc. | 99 | % LP | 100 | % | ||||||
VOL GP, Inc. | 1 | % | 100 | % | ||||||||
HTS-BC, L.L.C. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
HV Global Group, Inc. |
Delaware | HTS-BC, L.L.C. | 100 | % | 100 | % | ||||||
HV Global Marketing Corporation |
Florida | HV Global Group, Inc. | 100 | % | 100 | % | ||||||
HTS-Loan Servicing, Inc. |
Delaware | HV Global Group, Inc. | 100 | % | 100 | % | ||||||
HVO Key West Holdings, LLC |
Florida | HV Global Marketing Corporation | 100 | % | 100 | % | ||||||
HTS-Beach House, Inc. |
Delaware | HTS-BC, L.L.C | 100 | % | 100 | % | ||||||
HTS-Beach House Partner, L.L.C |
Delaware | HTS-Beach House, Inc. | 100 | % | 100 | % | ||||||
Beach House Development Partnership |
Florida | HTS-Beach House, Inc. | 50 | % GP | 100 | % | ||||||
HTS-Beach House Partner, L.L.C | 50 | % LP | 100 | % | ||||||||
HTS-Key West, Inc. |
Delaware | HTS-BC, L.L.C | 100 | % | 100 | % | ||||||
HTS-Sunset Harbor Partner, L.L.C |
Delaware | HTS-Key West, Inc. | 100 | % | 100 | % | ||||||
Sunset Harbor Development Partnership |
Florida | HTS-Key West, Inc. | 50 | % GP | 100 | % | ||||||
HTS-Sunset Harbor Partner, L.L.C. | 50 | % LP | 100 | % | ||||||||
HTS-Main Street Station, Inc. |
Delaware | HTS-BC, L.L.C | 100 | % | 100 | % | ||||||
HTS-Ground Lake Tahoe, Inc. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % |
18
Subsidiary |
Jurisdiction of Organization |
Owner of Subsidiary |
Percentage of Outstanding Equity Interests Held, Directly or Indirectly, by the Owner |
% of Total Issued Interests Pledged |
||||||||
HTS-Lake Tahoe, Inc. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
HV Global Management Corporation |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
Grand Aspen Holdings, LLC |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
Grand Aspen Lodging, LLC |
Delaware | Grand Aspen Holdings, LLC | 100 | % | 100 | % | ||||||
HTS-Coconut Point, Inc. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
Coconut Plantation Partner, Inc. |
Florida | HTS-Coconut Point, Inc. | 100 | % | 100 | % | ||||||
Pelican Landing Timeshare Ventures Limited Partnership |
Delaware | HTS-Coconut Point, Inc. | 49 | % GP | 100 | % | ||||||
Coconut Plantation Partner, Inc. | 51 | % LP | 100 | % | ||||||||
HTS-Sedona, Inc. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
HTS-CHC (Sedona), LLC |
Delaware | HTS-Sedona, Inc. | 50 | % | 100 | % | ||||||
Sedona CHC Investors LP (Third Party) | 50 | % | N/A | |||||||||
HT-Highlands, Inc. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
Highlands Inn Investors II, L.P. |
Delaware | HT-Highlands, Inc. | 90 | % GP | 100 | % | ||||||
Highlands Inn Investors (Third Party) | N/A | |||||||||||
HTS-KW, Inc. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
HTS-Windward Pointe Partner, L.L.C. |
Delaware | HTS-KW, Inc. | 100 | % | 100 | % | ||||||
Key Xxxxxx Limited |
Florida | HTS-KW, Inc. | 50 | % GP | 100 | % | ||||||
HTS-Windward Pointe Partner, L.L.C. | 50 | % LP | 100 | % | ||||||||
Windward Pointe II, L.L.C. |
Delaware | Key Xxxxxx Limited | 100 | % | 100 | % | ||||||
HTS-San Antonio, L.L.C. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
HTS-San Antonio, Inc. |
Delaware | S.O.I. Acquisition Corp. | 100 | % | 100 | % | ||||||
HTS-San Antonio, L.P. |
Delaware | HTS-San Antonio, L.L.C. | 99 | % LP | 100 | % | ||||||
HTS-San Antonio, Inc. | 1 | % GP | 100 | % | ||||||||
HTS-Wild Oak Ranch Beverage LLC |
Texas | HTS-San Antonio, L.P. | 100 | % | N/A | |||||||
Vistana Signature Experiences, Inc. |
Delaware | ILG Shared Ownership, Inc. | 100 | % | 100 | % | ||||||
Vistana Signature Network, Inc. |
Delaware | Vistana Signature Experiences, Inc. | 100 | % | 100 | % | ||||||
FOH Holdings, LLC |
Delaware | Vistana Signature Experiences, Inc. | 100 | % | 100 | % | ||||||
FOH Hospitality, LLC |
Delaware | FOH Holdings, LLC | 100 | % | 100 | % | ||||||
Kauai Blue, Inc. |
Delaware | Vistana Signature Experiences, Inc. | 100 | % | 100 | % | ||||||
Westin St. Xxxx Hotel Company, Inc. |
USVI | Vistana Signature Experiences, Inc. | 100 | % | 65 | % | ||||||
Vistana Vacation Ownership, Inc. |
Florida | Vistana Signature Experiences, Inc. | 100 | % | 100 | % | ||||||
Data Marketing Associates East, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Fifth and Fifty-Fifth Holdings, Inc. |
New York | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
Scottsdale Residence Club, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Scottsdale Residence Club Sales, Inc. |
Arizona | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
Sheraton Flex Vacations, LLC |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % |
19
Subsidiary |
Jurisdiction of Organization |
Owner of Subsidiary |
Percentage of Outstanding Equity Interests Held, Directly or Indirectly, by the Owner |
% of Total Issued Interests Pledged |
||||||||
St. Regis New York Management, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Xx. Xxxxx Xxxxxxxxx Xxxx, Xxx Xxxx Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Hawaii Vacation Title Services, Inc. |
Hawaii | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Points of Colorado, Inc. |
Colorado | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
VDI Intermediate Corp. |
Delaware | Vistana Development, Inc. | 100 | % | N/A | |||||||
Vistana Development, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Vacation Title Services, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
VCH Communications, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
VCH Consulting, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
VCH Systems, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Vistana Management, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Vistana MB Management, Inc. |
South Carolina | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Vistana Portfolio Services, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
St. Regis Colorado Management, Inc. |
Colorado | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
St. Regis Residence Club of Colorado, Inc. |
Colorado | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
Vistana Arizona Management, Inc. |
Arizona | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
Vistana California Management, Inc. |
California | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
Vistana Colorado Management, Inc. |
Colorado | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
Vistana Hawaii Management, Inc. |
Hawaii | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Vistana Acceptance Corp. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
SVO 2011-A VOI Mortgage Corp. |
Delaware | Vistana Acceptance Corp. | 100 | % | N/A | |||||||
SVO 2012-A VOI Mortgage Corp. |
Delaware | Vistana Acceptance Corp. | 100 | % | N/A | |||||||
VSE 2016-A VOI Mortgage, Inc. |
Delaware | Vistana Acceptance Corp. | 100 | % | N/A | |||||||
VSE 2017-A VOI Mortgage, Inc. |
Delaware | Vistana Acceptance Corp. | 100 | % | N/A | |||||||
VSE 2018-A VOI Mortgage, Inc. |
Delaware | Vistana Acceptance Corp. | 100 | % | N/A | |||||||
Vistana PSL, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
PSL Intermediate Corp. |
Delaware | Vistana PSL, Inc. | 100 | % | N/A | |||||||
Vistana Residential Management, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Vistana Vacation Realty, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
VSE East, Inc |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Westin Sheraton Vacation Services, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Vistana Scottsdale Management, Inc. |
Arizona | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
Vistana Vacation Services Hawaii, Inc. |
Hawaii | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
VSE Arizona Development, Inc. |
Arizona | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
VSE Arizona Realty, Inc. |
Arizona | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
VSE California Sales, Inc. |
California | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
Vistana Scottsdale, Inc. |
Arizona | Vistana Vacation Ownership, Inc. | 100 | % | N/A |
20
Subsidiary |
Jurisdiction of Organization |
Owner of Subsidiary |
Percentage of Outstanding Equity Interests Held, Directly or Indirectly, by the Owner |
% of Total Issued Interests Pledged |
||||||||
VSE Myrtle Beach, LLC |
South Carolina | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
MB Intermediate Corp. |
Delaware | VSE Myrtle Beach, LLC | 100 | % | N/A | |||||||
VSE Pacific, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
SVOP Intermediate Corp. |
Delaware | VSE Pacific, Inc. | 100 | % | N/A | |||||||
VSE Mexico Portfolio Services, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
VSE Residence Club Sales of New York, Inc. |
New York | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
VSE Trademark, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
VSE Residence Club Sales, Inc. |
Colorado | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
VSE Villas Arizona, Inc. |
Arizona | Vistana Vacation Ownership, Inc. | 100 | % | N/A | |||||||
VSE West, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
VSE Vistana Villages, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
SVV Intermediate Corp. |
Delaware | VSE Vistana Villages, Inc. | 100 | % | N/A | |||||||
WVC Rancho Mirage, Inc. |
Delaware | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
RM Intermediate Corp. |
Delaware | WVC Rancho Mirage, Inc. | 100 | % | N/A | |||||||
VSE Cayman Holdings Limited |
Cayman Islands |
Vistana Vacation Ownership, Inc. | 100 | % | 65 | % | ||||||
VSE Development, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Flex Collection, LLC |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
VSE Bahamas Holdings, LLC |
Delaware | Vistana Vacation Ownership, Inc. | 100 | % | 65 | % | ||||||
VSE International, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 65 | % | ||||||
VSE UK Holdings Ltd. |
England & Wales | Vistana Signature Experiences, Inc. | 100 | % | 65 | % | ||||||
Vistana Aventuras, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
Lagunamar Cancun Mexico, Inc. |
Florida | Vistana Vacation Ownership, Inc. | 100 | % | 100 | % | ||||||
VSE Mexico Holding, S. de X. X. de C.V |
Mexico | Lagunamar Cancun Mexico, Inc. | 99.7 | % | 65 | % | ||||||
Vistana Vacation Ownership, Inc. | 0.3 | % | 65 | % | ||||||||
Cancun Intermediate Corp. |
Delaware | Lagunamar Cancun Mexico, Inc. | 100 | % | N/A |
21
Schedule 7.01(b)
Existing Liens
JURISDICTION |
DEBTOR | SECURED PARTY | TYPE OF UCC |
DATE FILED |
FILE NO. | DESCRIPTION | ||||||||||||||
Florida - Department of State |
INTERVAL INTERNATIONAL, INC. 0000 Xxxxxx Xxxxx Xxxxx, XX 00000 |
IBM CREDIT LLC 0 Xxxxx Xxxxxx Xxxxx |
UCC-1 | 01/29/15 | 201502998872 | Equipment | ||||||||||||||
Florida - Department of State |
INTERVAL INTERNATIONAL, INC. 0000 Xxxxx Xxxxxxx Xxxxx Xxxxx, XX 00000 |
North American Communications Resource, Inc. 0000 Xxx 000 Xxxxx, XX 00000 |
UCC-1 | 03/02/15 | 201503183627 | Equipment | ||||||||||||||
Florida - Department of State |
INTERVAL INTERNATIONAL, INC. 0000 XX 00xx Xxxxxx Xxxxx, XX 00000 |
Canon Financial Services, Inc. 000 Xxxxxxx Xxxxx, Xxxxx 000 Xx. Xxxxxx, XX 00000 |
UCC-1 | 04/08/15 | 201503430683 | Equipment | ||||||||||||||
Florida - Department of State |
INTERVAL INTERNATIONAL, INC. 0000 Xxxxxx Xxxxx Xxxxx, XX 00000 |
IBM Credit LLC Xxx Xxxxx Xxxxxx Xxxxx Xxxxxx, XX 00000 |
UCC-1 | 01/02/16 | 201506123102 | Equipment |
22
Schedule 7.02
Existing Investments
Schedule 5.11 is hereby incorporated by reference.
Description |
as of August 31, 2018 | Date | ||||||
Loan by Resort Management Services, Inc. to Newdo Limited |
$ | 15,146,917 | 11/4/13 |
ILG Minority Investments:
Maui Timeshare Venture, L.L.C. – HTS-Maui, L.L.C. has 33% interest
Harborside at Atlantis Joint Venture Limited – Vistana Bahamas Investments Limited has 50% interest
American Pacific Hotels, LLC – Aqua Hotels & Resorts, LLC has 25% interest
Tanlin, LLC – Aqua Hotels & Resorts, LLC has 25% interest
23
Schedule 7.03(c)
Surviving Indebtedness
Schedules 2.03(a)(i), 2.03(a)(ii) and 7.01(b) are hereby incorporated by reference.
1. | Indenture, dated as of April 10, 2015, by and among Interval Acquisition Corp., the guarantors party thereto and HSBC Bank USA, National Association related to 5.625% Senior Notes due 2023. |
2. | Supplemental Indenture, dated as of June 29, 2016, by and among Interval Acquisition Corp., the subsidiary guarantors party hereto, and HSBC Bank USA, National Association related to 5.625% Senior Notes due 2023. |
3. | Amended and Restated Loan Sale Agreement, dated as of October 2, 2017, by and between GDVI, LLC, a Delaware limited liability company and Quorum Federal Credit Union. |
24
Schedule 7.07
Transactions with Affiliates
1. | ILG and its subsidiaries have entered into customary separation agreements with former directors and officers. |
2. | Loans from Resort Sales Services, Inc. to Great Destinations (a consolidated 50% owned subsidiary) to fund working capital in accordance with past practices. |
3. | Amended and Restated Exchange Services Agreement between Interval International, Inc., and Marriott Ownership Resorts, Inc., with an effective date of January 1, 2014, as amended by that certain First Amendment to Amended and Restated Exchange Services Agreement dated September 11, 2014, as further amended by that certain Second Amendment to Amended and Restated Exchange Services Agreement dated December 31, 2014, and as further amended by that certain Third Amendment to Amended and Restated Exchange Services Agreement dated June 15, 2015, and as further amended by that certain Fourth Amendment to Amended and Restated Exchange Services Agreement dated October 28, 2016, and as further amended by that certain Fifth Amendment to Amended and Restated Exchange Services Agreement dated October 28, 2016. |
4. | Resort Affiliation Agreement between Interval International, Inc. and Marriott Ownership Resorts, Inc., dated as of February 26, 2010, as amended by that certain Amendment to Resort Affiliation Agreement, dated January 1, 2014, as further amended by that certain Second Amendment to Resort Affiliation Agreement, dated December 31, 2014, as further amended by that certain Third Amendment to Resort Affiliation Agreement, dated June 15, 2015. |
5. | Sales and Marketing Agreement, dated November 9, 2012, between HV Global Marketing Corporation, HV Global Group, Inc. and Maui Timeshare Venture LLC. |
6. | Timeshare Consulting, Technical, and Administrative Services Agreement, dated November 9, 2012, between HV Global Group, Inc. and Maui Timeshare Venture LLC. |
7. | Developer Property Management Agreement, dated November 9, 2012, between HV Global Management Corporation and Maui Timeshare Venture LLC. |
8. | Loan Servicing Agreement, dated November 9, 2012, between HTS-Loan Servicing, Inc. and Maui Timeshare Venture LLC. |
9. | Servicing Agreement, dated August 9, 2017, between ZB, N.A. (dba National Bank of Arizona), HTS-Loan Servicing, Inc. and Maui Timeshare Venture LLC. |
10. | Remarketing Agreement, dated August 9, 2017, between ZB, N.A. (dba National Bank of Arizona), HTS-Loan Servicing, Inc., Maui Timeshare Venture LLC, and HV Global Marketing Corporation and Maui Timeshare Venture LLC. |
11. | Shared Services Agreement, dated November 4, 2013 between VRI Europe Limited, and CLC Resort Management. |
25
12. | Co-operation Agreement dated November 4, 2013 between VRI Europe Limited, CLC Resort Management Limited, VRI Management España S.L. and VRI Management Canarias S.L. |
13. | ICT Services Agreement, dated November 4, 2013 between VRI Europe Limited, and European Resorts & Hotels, S.L. |
14. | Shareholders’ Deed, dated November 4, 2013 among Interval Leisure Group Management Limited, CLC Resort Management Limited and VRI Europe Limited. |
15. | Pre-emption Deed, dated November 4, 2013, among ILG Lux Finance S.a. x.x., and specified affiliates of CLC Holdings Limited. |
16. | Shareholders’ Deed, dated November 4, 2013, among CLC Resort Developments Limited, ILG Lux Finance S.a x.x. and FMRH Limited. |
17. | Agreement for Resort Management Services relating to Santa Xxxx, dated November 4, 2013, between Remisol S.A. and VRI Management España S.L. |
18. | Agreement for Resort Management Services relating to Monterey Royale, dated November 4, 2013, between Mantenerife S.L. and VRI Management Canarias S.L. |
19. | Loan Agreement among Resort Management Finance Services, Inc., Newdo Limited, Tenerife Owning, S.L., Duchally House Leisure Limited and Remisol S.A. and related security agreements. |
20. | Master Affiliation Agreement, dated October 25, 2012, as amended, between Interval International, Inc. and CLC Resort Developments Limited. |
21. | Master Services Agreement, dated October 25, 2012, as amended, between Interval International, Inc. and CLC Resort Developments Limited. |
22. | Owner Services Agreement, dated October 25, 2012, as amended, between Interval Resort Financial Services, Inc. and CLC Resort Developments Limited. |
23. | Marketing arrangements and other mixed-use property operations with Host re: Westin Kierland, Westin Mission Hills and Westin Riverfront. |
26