Common use of No Conveyance Clause in Contracts

No Conveyance. The Seller agrees not to convey and to ensure no party under its control conveys any interest in a Resort relating to a Timeshare Loan without obtaining Rating Agency Confirmation if such conveyance is reasonably likely to have a material adverse affect on the Securitization Noteholders.

No Conveyance. The Seller agrees not to convey and to ensure no party under its control conveys any interest in a Resort relating to a Timeshare Loan Receivable without obtaining Rating Agency Confirmation the written consent of the Noteholder prior to such conveyance if such conveyance is reasonably likely to have a material adverse affect effect on the Securitization Noteholdersperformance or value of such Receivable or related Timeshare Loan.