Timeshare Regimen Sample Clauses

A Timeshare Regimen clause establishes the rules and structure for shared use and occupancy of a property among multiple parties. It typically outlines the allocation of time periods, rights and responsibilities of each participant, and procedures for scheduling or resolving conflicts. This clause ensures that all parties have clear, enforceable guidelines for using the property, thereby preventing disputes and promoting fair access.
Timeshare Regimen. The Debtor shall do all things necessary in order to preserve the condominium and timeshare regimens in respect of each of the Units.
Timeshare Regimen. With respect to the consummation of each sale of a Quartershare Interest in respect of any Project to a Purchaser under a Contract, GSRP shall do all things necessary in order to preserve the condominium and quartershare regimens in respect of such Quartershare Interest. With respect to the consummation of each sale of a Steamboat Residential Unit to a Purchaser under a Contract, GSRP shall do all things necessary in order to preserve the condominium regimen in respect of such Steamboat Residential Unit.
Timeshare Regimen. 18 6.4 Collateral.....................................................................................18 6.5 No Sales Outside of Certain States.............................................................19 6.6 Contracts......................................................................................19
Timeshare Regimen. Without Lender's prior written consent, which ----------------- consent shall not be unreasonably withheld, Borrower shall not amend, modify, supplement or terminate the Declaration or the covenants, conditions, easements or restrictions against the Resort (or any portion thereof), except for amendments that cause additional Units and Intervals to be annexed into the timeshare regimen of the Resort, the Tenth Amendment in the form submitted to Lender prior to the Closing Date, and any amendment changing the definition of "Designated Season" under the Declaration, and except that if any amendment or modification is required by law, Borrower shall implement the same and give prompt written notice thereof to Lender.
Timeshare Regimen. Without Lender's prior written consent, Borrower ----------------- shall not amend, modify or terminate the Declaration or the covenants, conditions, easements or restrictions against the Resort (or any portion thereof), except that if any amendment or modification is required either (a) to cause additional Units and Intervals to be annexed into the timeshare regimen of the Resort, or (b) by law, Borrower shall implement the same and give prompt written notice thereof to Lender.
Timeshare Regimen. The Debtor shall take all necessary actions to preserve the condominium and timeshare regimens in respect of each of the Timeshare Intervals and shall take all necessary action to preserve the Calvada Lots as a residential subdivision.
Timeshare Regimen. Without Lender's prior written consent (which shall be granted or not within thirty (30) days of receipt of Borrower's written request therefore), Borrower shall not amend, modify or terminate the Declaration or the covenants, conditions, easements or restrictions against the Resort (or any portion thereof), except that if any amendment or modification is required either (A) to cause additional Units and Intervals to be annexed into the timeshare regimen of the Resort, or (B) by law, Borrower shall implement the same and give prompt written notice thereof to Lender. Lender's failure to expressly deny its consent to a request duly made by Borrower pursuant to this Section within the aforesaid thirty (30) day period shall be deemed to be Lender's consent to Borrower's request.
Timeshare Regimen. Without Agent's prior written consent, Borrower shall not amend, modify or terminate the public offering statement, Declaration, Declaration of Trust or the covenants, conditions, easements or restrictions against the Resorts in any material respect (or any portion thereof), except that if any amendment or modification is required either (a) to cause additional Units and Intervals to be annexed into the timeshare regimen of the Resort, or (b) by law, Borrower shall implement the same and give prompt written notice thereof to Agent.
Timeshare Regimen. With respect to the consummation of each sale of a Quartershare Interest in respect of any Project to a Purchaser under a Contract, the Borrower shall do all things necessary in order to preserve the condominium and quartershare regimens in respect of such Quartershare Interest.

Related to Timeshare Regimen

  • MERS Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

  • Mortgage Loan Characteristics The characteristics of the related Mortgage Loan Package are as set forth on the description of the pool characteristics for the applicable Mortgage Loan Package delivered pursuant to Section 11 on the related Closing Date in the form attached as Exhibit B to each related Assignment and Conveyance Agreement;

  • Mortgage Loan Files Section 9.1 Owner Mortgage Loan Files and Retained Mortgage Loan Files

  • MORTGAGE LOAN ORIGINATOR EDUCATION 1. Prior to the submission of a new application for any new mortgage loan originator license or, as applicable, the filing of a petition for the reinstatement of an MLO Activity Endorsement in any Participating State as provided for in Section II, Paragraph 2 of this Order, the Respondent will be required to complete the following mortgage loan originator education requirements: a. Twenty hours of NMLS approved PE, which shall consist of 14 hours of federal law curriculum, three hours of ethics curriculum, and three hours of non-traditional mortgage lending curriculum. None of these 20 hours of PE may be state-specific curriculum; and b. Eight hours of CE, which shall consist of four hours of federal law curriculum, two hours of ethics curriculum, and two hours of non-traditional mortgage lending curriculum. None of these eight hours of CE may be state-specific curriculum. 2. Respondent may not take any of the PE or CE provided for in Paragraph 1 of this Section in an online self-study format (“OSS”). 3. For a period three years from the Effective Date of this Order, Respondent shall be required to complete any additional required PE and/or CE in a format other than OSS.

  • Mortgage Loans Upon the liquidation of any Mortgage Loan, the Servicer shall remit the proceeds thereof to the related Certificate Account in accordance with Sections 3.05 and 3.06 above and shall deliver to the Trustee a Request for Release requesting that the Trustee execute such instrument of release or satisfaction as is necessary to release the related Mortgaged Property from the lien of the related Mortgage. The Trustee shall, within five Business Days of its receipt of such a Request for Release, release, or cause the Custodian to release, the related Trustee Mortgage Loan File to the Servicer. No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to a Certificate Account or Distribution Account. From time to time and as appropriate for the servicing or foreclosure of any Mortgage Loan, including but not limited to, collection under any Title Insurance Policy, Primary Mortgage Insurance Policy, flood insurance policy or Standard Hazard Insurance Policy or to effect a partial release of any Mortgaged Property from the lien of the related Mortgage, the Servicer shall deliver to the Trustee a Request for Release. The Trustee shall, within five Business Days after its receipt of such Request for Release, release, or cause the Custodian to release, the related Trustee Mortgage Loan File to the Servicer. Any such Request for Release shall obligate the Servicer to return each and every document previously requested from the Trustee Mortgage Loan File to the Trustee by the twenty-first day following the release thereof, unless (a) the Mortgage Loan has been liquidated and the Liquidation Proceeds relating to the Mortgage Loan have been deposited in the related Certificate Account or Distribution Account or the Trustee Mortgage Loan File or such document has been delivered to an attorney, or to a public trustee or other public official as required by law, for purposes of initiating or pursuing legal action or other proceedings for the foreclosure of the Mortgaged Property either judicially or non-judicially, and the Servicer has delivered to the Trustee a certificate of the Servicer certifying as to the name and address of the Person to which such Trustee Mortgage Loan File or such document was delivered and the purpose or purposes of such delivery. Upon receipt of an Officer's certificate of the Servicer stating that such Mortgage Loan was liquidated and that all amounts received or to be received in connection with such liquidation which are required to be deposited into the applicable Certificate Account or the Distribution Account have been so deposited, or that such Mortgage Loan has become an REO Property, the Request for Release shall be released by the Trustee to the Servicer.