Secondary Resorts definition

Secondary Resorts means each Resort approved by Agent as of the date of this Agreement as an eligible Secondary Resort for financing, which approved Secondary Resorts are specified on Schedule 1.2 attached to this Agreement as it may be supplemented or replaced from time to time with Agent’s written approval.
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Examples of Secondary Resorts in a sentence

  • Borrower or its Affiliates shall keep (or shall cause the Associations to keep) Management Agreements with those managers in place as of the Closing Date, or such other property managers reasonably acceptable to Agent, for each of the Primary Resorts and Secondary Resorts in full force and effect and shall perform their obligations thereunder.

  • Agent shall have received evidence that all Timeshare Approvals for the Primary Resorts, Secondary Resorts and/or the Vacation Club have been issued or obtained, and that they remain in full force and effect.

  • Agent shall have received a copy of the Articles of Incorporation and By-Laws of the Associations and all amendments thereto for each of the Primary Resorts and Secondary Resorts.

  • Agent shall have received evidence satisfactory to Agent that Borrower and the Primary Resorts and Secondary Resorts are in compliance with all Applicable Law in a manner that Borrower’s failure to so comply would not be reasonably expected to result in a Material Adverse Change.

  • Agent shall receive evidence satisfactory to Agent that no bankruptcy, foreclosure or other material litigation or judgments are outstanding against the Primary Resorts, Secondary Resorts or Borrower, except as disclosed in Borrower’s periodic filings with the Securities and Exchange Commission.

  • Lender agrees that no additional diligence items shall be required with respect to the Resorts listed in the footnote to Exhibit L (the "Secondary Resorts") unless the aggregate Outstanding principal balance of Mortgage Loans from Secondary Resorts is greater than ten percent (10%) of the Borrowing Base in which event Borrower shall supply such additional diligence items as are requested by the Lender.

  • Agent shall have received copies of all applicable material Permits, approvals, consents and licenses for the Primary and Secondary Resorts and satisfactory evidence that the Primary Resorts and Secondary Resorts (and any other Resort upon the written request of Agent) and the intended uses of the Primary Resorts and Secondary Resorts (and any other Resort upon the written request of Agent) are and will be in compliance with all Applicable Laws.

  • Agent shall have received certificates of insurance or policies of insurance evidencing that all insurance required by the Declarations related to Associations for the Primary Resorts and the Secondary Resorts are in force and will not be canceled without the notice as more specifically provided in and subject to Section 5.14.

  • Agent shall have received a copy of each of the Resort Documents for the Primary and Secondary Resorts and all amendments thereto, certified as to accuracy and completeness by Borrower or its Affiliates.

Related to Secondary Resorts

  • Secondary Refusal Right means the right, but not an obligation, of each Investor to purchase up to its pro rata portion (based upon the total number of shares of Capital Stock then held by all Investors) of any Transfer Stock not purchased pursuant to the Right of First Refusal, on the terms and conditions specified in the Proposed Transfer Notice.

  • Secondary line means any single or multiphase electric power line operating at nominal voltage less than either 2,000 volts between ungrounded conductors or 1,155 volts between grounded and ungrounded conductors, regardless of the functional service provided by the line.

  • Secondary school means a nonprofit institutional day or residential school including a public secondary charter school that provides secondary education for grades 9-12.

  • SECONDARY PLAN (SECONDARY means a plan that is not a primary plan.

  • Arborist means an individual engaged in the profession of arboriculture who, through experience, education, and related training, possesses the competence to provide for or supervise the management of trees and other woody plants. Must be concurrently an International Society of Arboriculture (ISA) Certified Arborist to perform any role required of a Certified Arborist.

  • Public School Student Accessing Courses at a Distance means a student who is scheduled for a full course load through the District and attends all classes virtually.

  • California Renewables Portfolio Standard means the renewable energy program and policies codified in California Public Utilities Code Sections 399.11 through 399.31 and California Public Resources Code Sections 25740 through 25751, as such provisions may be amended or supplemented from time to time.

  • Secondary Systems means control or power circuits that operate below 600 volts, AC or DC, including, but not limited to, any hardware, control or protective devices, cables, conductors, electric raceways, secondary equipment panels, transducers, batteries, chargers, and voltage and current transformers.

  • Senior citizen center means a facility having the primary purpose of providing services to the aged as defined in Section 62A-3-101.

  • Stinger-steered automobile or watercraft transporter means an automobile or watercraft transporter

  • Local Interconnection Trunks/Trunk Groups means the trunks that are used for the termination of Local Exchange Traffic, pursuant to iconectiv Technical Reference GR 317-CORE.

  • Local Interconnection Trunks/Trunk Groups means the trunks that are used for the termination of Local Exchange Traffic, pursuant to iconectiv Technical Reference GR 317-CORE.

  • Optional Interconnection Study Agreement means the form of agreement for preparation of an Optional Interconnection Study, as set forth in Tariff, Attachment N-3.

  • Marriott means Marriott International, Inc.

  • Student athlete means an individual who engages in, is eligible to engage in, or may be eligible in the future to engage in, any intercollegiate sport. If an individual is permanently ineligible to participate in a particular intercollegiate sport, the individual is not a student-athlete for purposes of that sport.

  • Nationwide Mortgage Licensing System and Registry means a mortgage licensing system developed and maintained by the conference of state bank supervisors and the American association of residential mortgage regulators for the licensing and registration of licensed mortgage loan originators.

  • Shopping mall means an enclosed public walkway or hall area that serves to connect retail or professional establishments.

  • Non-Retail Behind The Meter Generation means Behind the Meter Generation that is used by municipal electric systems, electric cooperatives, or electric distribution companies to serve load.

  • Optional Interconnection Study means a sensitivity analysis of an Interconnection Request based on assumptions specified by the Interconnection Customer in the Optional Interconnection Study Agreement.

  • Summer Season in any year, means the Season commencing on 01 April in that year;

  • Secondary emissions means emissions which occur as a result of the construction or operation of a major stationary source or major modification, but do not come from the major stationary source or major modification itself. For the purposes of this chapter, “secondary emissions” must be specific, well-defined, and quantifiable, and must impact the same general areas as the stationary source modification which causes the secondary emissions. “Secondary emissions” includes emissions from any offsite support facility which would not be constructed or increase its emissions except as a result of the construction or operation of the major stationary source or major modification. “Secondary emissions” does not include any emissions which come directly from a mobile source, such as emissions from the tailpipe of a motor vehicle, from a train, or from a vessel.

  • Secondary Suite means an accessory dwelling unit that is attached to a single-family residential building on a lot in a zone that permits a single family residential building; (Bylaw 8036 & 8360)

  • Travel Companion means an individual, other than an Immediate Family Member, who accompanied the Covered Person on the trip where the emergency occurred.

  • Secondary dose monitoring system means a system which will terminate irradiation in the event of failure of the primary dose monitoring system.

  • Secondary Market refers to a bulletin board platform at wxx.xxxxxxxxxxx.xx created by Masterworks.

  • Secondary means that a Plan's benefits may be reduced and it may recover the Reasonable Cash Value of the services it provided from the Primary Plan. (The Order of Benefit Determination Rules below determine whether a Plan is Primary or Secondary to another Plan.)