Units Ready for Use Clause Samples

The "Units Ready for Use" clause defines the point at which specific units, such as apartments, offices, or equipment, are considered complete and available for occupancy or operation. Typically, this clause outlines the criteria that must be met for a unit to be deemed ready, such as passing inspections, obtaining necessary certifications, or meeting agreed-upon standards. Its core practical function is to establish a clear and objective benchmark for delivery or handover, thereby preventing disputes about whether a unit is sufficiently finished for its intended use.
Units Ready for Use. Prior to the closing of the sale of any Timeshare Interest within a Unit, such Unit is fully furnished and, subject to renovations for improvements from time to time in the ordinary course of maintaining the Units, ready for use by Purchasers. All common furnishings (including appliances) within such Units are and will be owned by Borrower or the 44 applicable Timeshare Association, have been or will be fully paid for, and are and will be free and clear of any liens or other interests of any third party including any lessor. 
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Units Ready for Use. To the best of Borrower’s knowledge, each Unit is fully furnished and ready for use and occupancy by Purchasers. To the best of Borrower’s knowledge, all common furnishings (including appliances) within Units in which Borrower has sold Club Membership Interests have been fully paid for and are free and clear of any Liens or other interests of any third party or are subject to leases which are not in default as of the Closing Date and the terms of which Borrower shall continue to comply with after the Closing Date.
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Units Ready for Use. All of the Phase 2 Units will be fully furnished and ready for use by Owners on or before the Phase 2 Completion Date. On or before the Phase 2 Completion Date, all common furnishings (including appliances) within such Phase 2 Units are and will be owned by Borrower or the Association, have been or will be fully paid for, and are and will be free and clear of any liens or other interests of any third party including any lessor. The Mortgaged Property is owned by Borrower free and clear of all liens and encumbrances, except those in favor of Lender and the Permitted Liens.
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Units Ready for Use. All of the Units will be fully furnished and ready for use by Owners by the date of closing under the Acquisition Documents or on or before the Applicable Completion Date, as applicable. On or before the date of closing under the Acquisition Documents or by Completion of Work for the Applicable Resort, as applicable, unless provided otherwise in the Applicable Sub-Loan Agreement, all Common Furnishings (including appliances) within such Units are or will be owned by Borrower or the Applicable Association, have been or will be fully paid for, and are and will be free and clear of any Liens or other interests of any third party including any lessor. The Sub-Loan Collateral is owned by Borrower free and clear of all liens and encumbrances, except those in favor of Lender and the applicable Permitted Liens and Encumbrances.
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Units Ready for Use. To the best of Borrower’s knowledge, all of the Units constituting the Inventory Collateral are fully furnished and ready for use by Purchasers. To the best of Borrower’s knowledge, all common furnishings (including appliances) within such Units are and shall be owned by either Borrower or the Association, have been or shall be fully paid for, and are and shall be free and clear of any Liens or other interests of any third party or are subject to leases which are not in default as of the Closing Date, and the terms of which Borrower shall continue to comply with after the Closing Date.
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Units Ready for Use. All of the Units are fully furnished and, subject to renovations for improvements from time to time in the ordinary course of maintaining the Units, ready for use by Purchasers. All common furnishings (including appliances) within such Units are and will be owned by Borrower or the applicable Timeshare Association, have been or will be fully paid for, and are and will be free and clear of any liens or other interests of any third party including any lessor.
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