Applicable Timeshare Documents definition
Examples of Applicable Timeshare Documents in a sentence
Lender shall have received and approved true, correct, and complete copies of all Applicable Timeshare Documents as a condition precedent to any Advances hereunder in respect of the Applicable Resort to which such Applicable Timeshare Documents pertain.
All furniture, furnishings, fixtures, appliances, carpeting, and equipment located in a Unit or elsewhere within an Applicable Resort and available for use by Purchasers in accordance with the terms and conditions of the Applicable Timeshare Documents.
In no event, however, shall Lender have any obligation or duty whatsoever to perform any covenant or agreement of Borrower or any Applicable Underlying Borrower contained herein or in any of the other Loan Documents, any Applicable Underlying Loan Documents, or any Applicable Timeshare Documents, and any such performance by Lender shall be wholly discretionary with Lender.
The common areas and facilities, as defined or provided for in the Applicable Declaration and/or other Applicable Timeshare Documents, including, without limitation, the Land and all improvements thereto except for the Units that have been dedicated to the condominium or comparable form of ownership, as well as any limited common elements, as those terms are defined and used in the Applicable Declaration.
The right to use and occupy a Unit within an Applicable Resort and the Common Elements and Common Furnishings appurtenant to such Unit and/or the Applicable Resort during a reserved or assigned use period, all as more specifically described in the Applicable Declaration and/or other Applicable Timeshare Documents.
The common areas and facilities as shown on the Plans for each Applicable Resort, as defined or provided for in the Applicable Declaration or other Applicable Timeshare Documents, including, without limitation, the Land and all improvements thereto except for the Units that have been dedicated to the condominium or comparable form of ownership, as well as any limited common elements, as those terms are defined and used in the Applicable Declaration.
In no event, however, shall Lender have any obligation or duty whatsoever to perform any covenant or agreement of Borrower or any Applicable Underlying Developer contained herein or in any of the other Loan Documents, any Applicable Underlying Transaction Documents, or any Applicable Timeshare Documents, and any such performance by Lender shall be wholly discretionary with Lender.
The applicable Borrower has received evidence satisfactory to it that all Financed Improvements required to be constructed as identified on the Plans or as set forth in the Applicable Timeshare Documents have been completed substantially in accordance with the Plans and all Applicable Laws.
Guarantor acknowledges the significance of the Reservation System to the ability of the Applicable Resort and the Club to operate properly and to allow Purchasers to exercise use rights as set forth in Applicable Timeshare Documents and Club Documents.
Borrower has good and marketable title to the Units and Timeshare Interests comprising a portion of the Mortgaged Property, and all rights, properties and benefits appurtenant to or benefiting them, subject to the Permitted Liens and Encumbrances and the Applicable Timeshare Documents established by Borrower, subject to Lender’s approval.