Timeshare Documents Clause Samples
The "Timeshare Documents" clause defines the set of legal documents and agreements that govern the ownership, use, and management of a timeshare property. This typically includes the declaration of timeshare, bylaws, rules and regulations, and any related contracts or disclosures provided to purchasers. By clearly identifying which documents are considered authoritative, the clause ensures that all parties understand their rights and obligations, thereby reducing the risk of disputes and promoting transparency in timeshare transactions.
Timeshare Documents. If the Declaration, any of the other documents creating or governing the Resorts, its timeshare regime, or the Timeshare Owners’ Association, or the restrictive covenants with respect to the Resorts, shall be terminated, amended or modified without Agent’s prior written consent (except for routine non-substantive modifications which have no impact on the Collateral).
Timeshare Documents. If the Timeshare Declaration, any of the other documents creating or governing a Timeshare Project, its timeshare regime, or the Association, or the restrictive covenants with respect to a Timeshare Project, shall be terminated, amended or modified in any material adverse manner with respect to the Lender’s Collateral or the ability of the Borrower to Perform its Obligations.
Timeshare Documents. Any registration statement required under any Timeshare Act approving the establishment and operation of the Resorts and the sales of Intervals.
Timeshare Documents. Any and all documents evidencing or relating to the sale of Intervals by Borrower.
Timeshare Documents. At least ten (10) days prior to the requested Advance, Borrower shall deliver to the Custodial Agent Prefunding Documents for each Note Receivable for which an Advance is being requested.
Timeshare Documents. Without Lender's prior written consent, Borrower shall not in any material respect amend or modify or terminate the Declaration or other Timeshare Documents.
Timeshare Documents. Any registration statement approving the establishment and operation of the Eligible Projects and the sales of Intervals required under any statute, act, regulation, ordinance, rule or law applicable to the establishment and operation of the Eligible Projects and the sales of the Intervals.
Timeshare Documents. The Declaration, the bylaws and rules and regulations of the Timeshare Association, and all other documents and instruments relating to the Property, the Timeshare Association, and/or the Units, Common Areas, or Timeshare Interests thereat, including but not limited to public offering statements, Purchase Agreements, promissory notes, federal truth-in-lending disclosures, advertising and promotional materials of any and every type, contracts and agreements to which the Timeshare Association is subject, and any and all other documents, instruments, and other materials used, directly or indirectly, in connection with the marketing, sale, and financing of such Timeshare Interests. Each Timeshare Document shall be reviewed by Lender and accepted by Lender as a condition precedent to the Initial Advance.
Timeshare Documents. Defined in Section 5.2(c)(xv) of this Agreement.
Timeshare Documents. If any Applicable Underlying Declaration, any of the other documents creating or governing any Resort, any applicable timeshare plan, any Applicable Timeshare Owners' Association or any restrictive covenants with respect to any Resort shall be terminated, amended, or modified in a manner that violates a covenant in the Loan Documents, without TFC's prior written consent.