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.
Appears in 2 contracts
Sources: Loan and Security Agreement (Diamond Resorts Parent, LLC), Receivables Loan and Security Agreement (Diamond Resorts Parent, LLC)