Marriott Vacation Club Owner Trust 2012-1 - Standard and Poor's ...

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U.S. Equipment Loans and Leases ABS Standard & Poor's Ratings Services 17g-7 Disclosure Report: Marriott Vacation Club Owner Trust2012-1be validly issued and outstanding and entitled to thebenefits hereof.95 Not included in the Benchmark. Location of Chief Executive Office and Records. Theprincipal place of business and chief executive officeof the Issuer, and the office where the Issuermaintains all of its records is located at 6649Westwood Boulevard, Orlando, Florida 3282196 Not included in the Benchmark. Name. The legal name of the Issuer is as set forth inthe signature page of this Indenture and ServicingAgreement and the Issuer does not have anytradenames, fictitious names, assumed names or“doing business as” names97 Not included in the Benchmark. Accuracy of Information. The representations andwarranties of the Issuer in the TransactionDocuments are true and correct in all materialrespects as of the Closing Date and, except forrepresentations and warranties expressly made as ofa different date, each Substitution Date98 Not included in the Benchmark. Special Purpose. The Issuer shall engage in nobusiness, and take no actions with respect to anyother transaction than the transactions contemplatedby the Transaction Documents and will otherwisemaintain its existence separate from the Seller and allother entities as provided in its organizationaldocuments99 Not included in the Benchmark. Securities Laws. The Issuer is not an “investmentcompany” or a company “controlled” by an“investment company” within the meaning of theInvestment Company Act of 1940, as amended100 Not included in the Benchmark. All original executed copies of each Obligor Note thatconstitute or evidence the Trust Estate have beendelivered to the Custodian and the Issuer hasreceived a Trust Receipt therefor, whichacknowledges that the Custodian is holding theObligor Notes that constitute or evidence the TrustEstate solely on behalf and for the benefit of theIndenture Trustee101 Not included in the Benchmark.All financing statements filed or to be filed against theIssuer in favor of the Indenture Trustee in connectionherewith describing the Trust Estate contain astatement to the following effect: “A purchase of orsecurity interest in any collateral described in thisfinancing statement will violate the rights of theSecured Party.”102 Not included in the Benchmark. None of the Obligor Notes that constitute or evidencethe Trust Estate has any marks or notations indicatingthat they have been pledged, assigned or otherwiseconveyed to any Person other than the IndentureTrustee103 Not included in the Benchmark. Control Account. The account number of the ControlCopyright © 2012 by Standard & Poor's Ratings Services LLC. All rights reserved. No reprint or dissemination without S&P’s permission.See Disclaimer on the last page. Page 22
U.S. Equipment Loans and Leases ABS Standard & Poor's Ratings Services 17g-7 Disclosure Report: Marriott Vacation Club Owner Trust2012-1Account, together with the names, addresses, ABAnumbers and names of contact persons of the ControlAccount Bank maintaining such Control Account andthe related Post Office Boxes have been delivered tothe Indenture Trustee. From and after the ClosingDate, the Indenture Trustee (or its agent) shall have afirst priority perfected security interest in all of themonies, checks, instruments, depository transfers orautomated clearing house electronic transfers andother items of payment and their proceeds and allmonies and earnings, if any thereon, relating to theTimeshare Loans in the Control Account. TheIndenture Trustee (or its agent) has control over theControl Account.Copyright © 2012 by Standard & Poor's Ratings Services LLC. All rights reserved. No reprint or dissemination without S&P’s permission.See Disclaimer on the last page. Page 23
Page 1 and 2: June 28, 2012SEC Rule 17g-7SEC Rule
Page 3 and 4: U.S. Equipment Loans and Leases ABS
Page 9: U.S. Equipment Loans and Leases ABS

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