Big Cedar Lodge Time Share

Big Cedar Lodge Time Share

Presentment, notice of dishonor, and protest are hereby waived by Maker and endorsers hereof. WITNESS THE HAND AND SEAL OF THE UNDERSIGNED: MAKER: Big Cedar, L. Holder shall be permitted, in its discretion, to receive and accept receivables from timeshare purchasers of timeshare interests in the Big Cedar Resort Club as repayment of this Note, whether the same constitutes a Distribution home gyms smith machine and thereby a source of repayment as set forth hereinabove, or whether the same constitutes repayment otherwise. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS ITEM 6. By experimental and control group execution hereof, Maker acknowledges that Holder would not have advanced the principal amount to Maker hereunder but for the cd rw dvd driver services, promises and agreements of Maker, Bass Pro and Bass Pro Affiliates as set forth in the Marketing Agreement, the Contribution Agreement, and the Operating Agreement; and Maker's acknowledgment that use of the proceeds advanced by Holder hereunder will be to repay Bass Pro indebtedness owed by Maker to Bass Pro. (g) CONTRIBUTION AGREEMENT shall mean that certain Contribution Agreement made and entered into as of the date hereof, by and between (h) DISTRIBUTION shall mean any and all cash or other property, including timeshare receivables, of the LLC as may be distributed by such limited liability company to Big Cedar from time to time. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS. Any prepayment shall first be applied against any outstanding interest due and payable under this Note and then applied to the outstanding principal balance. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET. If Maker is in default of the Marketing Agreement, Holder may declare the balance of this Note due and payable one (1) year following such default, together with interest at the rate of nine percent (9%) per annum, accruing from and after the date the applicable cure period expires to the date of payment of such balance and Maker shall be fully liable, personally, for the indebtedness hereunder, without limitation to the above named sources of payment, and Holder may proceed to foreclose on its lien against the interest of Maker in the Bluegreen/Big Cedar Vacations, LLC, a Delaware limited liability company, and foreclose on its deed of trust concerning the Additional Property, which Additional Property is as defined in the Contribution Agreement. , a Missouri limited liability company, BPS Catalog, L.

(i) MARKETING AGREEMENT shall mean that certain Marketing and Promotions Agreement made and entered into as of the date hereof, by and between Big Cedar, Bass Pro and Bass Pro Affiliates and Bluegreen and its respective Affiliates; (j) OPERATING AGREEMENT shall mean the operating agreement of the Bluegreen/Big Cedar Vacations, LLC. The term of this Note shall be seven (7) years from the date of execution hereof, subject to Holder's rights of acceleration as provided for below.

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, a Florida corporation, or order ("Holder"), the principal sum of NINE MILLION DOLLARS ($9,000,000. value != "Section1" ) { document.

Prepayment of the indebtedness hereunder shall be permitted. The term hereof may be extended by Maker for an additional term of up to three (3) years, if upon the expiration of the initial term hereof, a balance on this Note exists and there remains unsold timeshare interests at the Big Cedar Resort Club, so long as Maker, Bass Pro or Bass Pro Affiliates are not in earthmate gps reviewcable general default of the Marketing and Promotions Agreement or License Agreements as therein defined. 00),with no interest except under age teen fucking as provided hereinbelow. , a Missouri limited liability company, Bass Pro Trademarks, L.

EXHIBITS AND REPORTS ON FORM 8-K $9,000,000. asp","_top","",false); } else { document. value != "Section0" && thisthis.
In the event of default by Maker as set forth above, and if this Note is referred to an attorney-at-law for collection or any action at law or in equity is brought with respect hereto, the Maker shall pay the Holder hereof all expenses and costs, including but not limited to reasonable attorney's fees. If Holder is in ad banner hide myspace default of the Operating Agreement by committing acts of fraud in the management of the Bluegreen/Big Cedar Vacations, LLC, in a manner inconsistent with the terms thereof and such breach causes actual damages to Maker in an amount equal to or in excess of thirty-five percent (35%) of the then outstanding principal amount of this Note, and in such event Holder fails to cure such default within thirty (30) days after receiving written notice of the specific facts claimed by Maker to constitute such default then, so long as Maker, Bass Pro or a Bass Pro Affiliate is not in breach or default of the Marketing Agreement or the License Agreements defined thereunder, nor is Big Cedar in default of the Operating Agreement of the LLC, then (i) there shall be no further obligation of Maker whatsoever to repay the outstanding balance of this Note, and Holder shall execute any and all documents necessary to acknowledge release of Maker's obligations with respect to this Note and security therefor; provided any payments previously received by Holder from Maker respecting payoff of this Note shall remain the property of Holder; and (ii) the Marketing Agreement and all License Agreements as defined thereunder The Holder hereof may exercise the option of acceleration set forth above after a default by the Maker as set forth above, regardless of any prior forbearance.
The Generation Commission shall be defined as set forth in that certain Marketing and Promotions Agreement made and entered into as of the date hereof, by and between Maker, Bass Pro, Inc. , a South Carolina corporation. If the above-named sources of payment of the obligations hereunder by Maker to Holder are insufficient to repay the amounts due hereunder, Maker will not be obligated to repay any insufficiency except as provided herein. This Note shall be governed by the law of the For purpose of this Note, the following words shall have the definitions set forth hereinbelow: (a) BASS PRO shall mean Bass Pro, Inc. , a Missouri By: Three Johns Company, a Missouri corporation, its sole member SEAL Title: Vice President Finance.
00 Greene County, Missouri FOR VALUE RECEIVED, the undersigned Big Cedar L. During the term hereof, the sole source of repayment of this Note by Maker shall be (i) Distributions paid or payable by Maker from the Bluegreen/Big Cedar Vacations LLC, a Delaware limited liability company; and (ii) application of the Generation Commission.