Eligible Timeshare Loan means a Timeshare Loan which meets all of the criteria set forth in Schedule I of the Sale Agreement.
Eligible Timeshare Loan means a Timeshare Loan conforming to each of the representations and warranties set forth in Schedule I to the Sale Agreement and which is related to a Resort conforming to each of the representations and warranties in Schedule II to the Sale Agreement as of the Closing Date or applicable Substitution Date, as the case may be.
Eligible Timeshare Loan means a Timeshare Loan which satisfied the representations and warranties set forth in Schedule I of the Purchase Agreement and the Sale Agreement on the date such Timeshare Loan was transferred by Bluegreen to the Depositor pursuant to the Purchase Agreement and by the Depositor to the Issuer pursuant to the Sale Agreement; provided, however, that any Timeshare Loan that becomes a Defaulted Timeshare Loan shall cease to be an Eligible Timeshare Loan; provided, further, as of any Determination Date that any Qualified Substitute Timeshare Loan for which a Custodian’s Certification delivered pursuant to the terms of the Custodial Agreement is not received by the Agent and the Servicer, shall cease to be an Eligible Timeshare Loan.
Examples of Eligible Timeshare Loan in a sentence
Each Timeshare Loan conveyed on a Funding Date shall be an Eligible Timeshare Loan.
Reasbeck 80-11-22THAT the agenda for Meeting #463 of the Board of Governors of Northern College of Applied Arts and Technology dated November 8, 2022 be adopted as presented.
On each Transfer Date, each Timeshare Loan or Qualified Substitute Timeshare Loan being transferred on that date, as the case may be, shall be an Eligible Timeshare Loan.
Each Timeshare Loan subject to the Lien of this Indenture is an Eligible Timeshare Loan.
More Definitions of Eligible Timeshare Loan
Eligible Timeshare Loan means a Timeshare Loan conforming to each of the representations and warranties set forth in Schedule I to the Sale Agreement as of the Funding Date, Transfer Date or, with respect to a Determination Date (and the related Payment Date), the last day of the related Due Period, as the case may be. Delinquent Timeshare Loans, Defaulted Timeshare Loans and Defective Timeshare Loans, as of any date of determination, are not Eligible Timeshare Loans.
Eligible Timeshare Loan means a Pledged Timeshare Loan as to which each of the representations and warranties set forth on Schedule I hereto was true and correct as of the Cutoff Date for such Pledged Timeshare Loan.
Eligible Timeshare Loan means a Timeshare Loan conforming to each of the representations and warranties set forth in Schedule I to the Sale Agreement as of the Funding Date, Transfer Date or, with respect to a Determination Date (and any related Payment Date), the last day of the Due Period, as the case may be. 30-day Plus Delinquent Loans, 60-day Plus Delinquent Loans and Defective Timeshare Loans are not, as of any date of determination, Eligible Timeshare Loans.
Eligible Timeshare Loan means a Timeshare Loan conforming to each of the representations and warranties set forth in Schedule I to the Agreement as of the Closing Date or any Sale Date.
Eligible Timeshare Loan means any Pledged Timeshare Loan that is either an Eligible Diamond Timeshare Loan or an Eligible HRC Timeshare Loan.
Eligible Timeshare Loan means a Timeshare Loan which meets all of the criteria set forth in Exhibit B to the Sale and Servicing Agreement.
Eligible Timeshare Loan means, initially, the Timeshare Loans pledged to the Lender hereunder (which Timeshare Loans are identified on Schedule 1 attached hereto) other than Timeshare Loans for which any installment due with respect to such Timeshare Loan has become more than 60 days contractually past due, measured as of the last day of the calendar month immediately preceding the month in which the Effective Date occurs. A Timeshare Loan that has qualified as an Eligible Timeshare Loan shall cease to be an Eligible Timeshare Loan upon the date (or, to the extent the following occurred on or prior to the Effective Date, upon and as of the Effective Date) that any installment due with respect to such Timeshare Loan becomes more than 60 days contractually past due, measured as of the last day of each calendar month. In addition (but subject to the restrictions set forth in Section 6.4), a Timeshare Loan that has qualified as an Eligible Timeshare Loan and that has been amended or modified in any respect after the Petition Date, shall cease to be an Eligible Timeshare Loan from and as of the date of such amendment or modification until the Maturity Date, if such amendment or modification (x) extends the maturity date of such Timeshare Loan and such extension causes any installment with respect to such Timeshare Loan that was more than 60 days contractually past due to be less than 61 days contractually past due, (y) modifies in any respect (including, without limitation, by reduction, forbearance, deferral or forgiveness of any principal amount thereof), without regard to whether any installment with respect to such Timeshare Loan that was more than 60 days contractually past due at the time of such modification, or (z) is otherwise prohibited by Section 6.4 hereof.