Common use of Management of Resorts Clause in Contracts

Management of Resorts. With respect to each Resort with which they have management contracts, use commercially reasonable efforts to maintain such management contracts, except to the extent that the failure to maintain such management contracts could not reasonably be expected to result in a Material Adverse Effect.

Appears in 2 contracts

Sources: Second Lien Credit Agreement (Sunterra Corp), First Lien Credit Agreement (Sunterra Corp)

Management of Resorts. With respect to each Resort with which they have a management contractscontract on the Closing Date, use commercially reasonable efforts to maintain maintain, and cause each of their Subsidiaries to use commercially reasonable efforts to maintain, such management contracts, except to the extent that the failure to maintain such management contracts could is not reasonably be expected likely to result in have a Material Adverse Effect.

Appears in 1 contract

Sources: Loan Agreement (Sunterra Corp)