Extract to table

Additionally, VRH's foreign qualification status must be confirmed in each jurisdiction where its resort properties are situated

Additionally, the board of directors of VHG Properties must be convened (or act by unanimous written consent) to adopt resolutions specifically authorizing the guarantee

The Indenture will contain a covenant requiring that any future restricted subsidiary of VHG that meets specified thresholds (to be negotiated and set forth in the Indenture) must execute a supplemental indenture and become a guarantor of the Notes

The items identified below must be obtained, reviewed, and confirmed prior to closing

Formation and Organizational Documents For each of the five subsidiary guarantors, the following formation and organizational documents must be obtained and reviewed: 1

Good Standing and Qualifications For each of the five subsidiary guarantors, the following good standing and qualification documents must be obtained: 1