Transferred Timeshare Loan definition

Transferred Timeshare Loan means any Timeshare Loan transferred or purported to be transferred by the Seller to the Borrower pursuant to the Sale and Contribution Agreement.
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Examples of Transferred Timeshare Loan in a sentence

  • In the event that the Seller or the Purchaser or any assignee of the Purchaser should receive actual notice of any transfer taxes arising out of the transfer, assignment and conveyance of a Transferred Timeshare Loan, on written demand by the Purchaser, or upon the Seller otherwise being given notice thereof, pay, and otherwise indemnify and hold the Purchaser and any of its assignees harmless, on an after-tax basis, from and against any and all such transfer taxes.

  • Extend, amend, waive or otherwise modify (or consent to any of the foregoing), the terms of any Transferred Timeshare Loan related thereto, except (i) in accordance the Collection Policy or (ii) as otherwise permitted under the Servicing Agreement.

  • Sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon or with respect to, any Transferred Timeshare Loan or any other Transferred Property, or assign any right to receive income in respect thereof or purport to take any of the foregoing actions, except in each case as contemplated or provided hereunder or under the Loan Agreement.

  • Each Transferred Timeshare Loan was an “Eligible Timeshare Loan” on the Cutoff Date for such Timeshare Loan.

Related to Transferred Timeshare Loan

  • Transferred Property shall have the meaning specified in Section 2.1(a) hereof.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Transfer Date means, in relation to a transfer, the later of:

  • Transferred Assets has the meaning set forth in Section 2.1.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.