Other Redemption Opportunity definition

Other Redemption Opportunity means anything made available for Members to obtain in exchange for their Points, other than Accommodations. These may include, but are not limited to, travel, leisure or vacation related products or benefits. The Club Operating Company may make certain Other Redemption Opportunities only available to a particular class of Members. Further, the Club Operating Company may make certain Other Redemption Opportunities available for Members only.
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Other Redemption Opportunity means anything made available for Members, other than Accommodations, in exchange for the Use Rights associated with a Member’s Qualifying Interest or, as applicable, in exchange for their Points. These may include, but are not limited to, travel, leisure or vacation related products or benefits.
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Other Redemption Opportunity means anything that is not an accommodation. For example,
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Examples of Other Redemption Opportunity in a sentence

  • There is no assurance to any Member that there will be an Accommodation available for the Use Period desired by such Member or, alternatively, sufficient quantities or availability of any particular Other Redemption Opportunity desired by such Member.

  • As there may be limited availability and/or quantities of the various Other Redemption Opportunities, all requests for Other Redemption Opportunities will likewise be filled on a first come, first served basis, subject to all rules and conditions applicable to each Other Redemption Opportunity as set forth in the Points Directory or any other materials which The Club Operating Company distributes relating to such Other Redemption Opportunity.

  • The Use Periods in Accommodations available to Members from the Exchange Pool and the Other Redemption Opportunities available through The Club shall also be graded periodically by The Club Operating Company to quantify the Points which a Member must expend to reserve an Accommodation or to obtain an Other Redemption Opportunity.

  • In order to balance demand for Accommodations and Other Redemption Opportunities available through the Points System, the Points required to reserve a particular Accommodation or Other Redemption Opportunity may be temporarily discounted or increased.

  • From time to time, however, The Club Operating Company may, having examined the best available evidence and having exercised its reasonable business judgment in good faith, consider that permanent adjustments to the grading of a Club Resort, of a particular Accommodations, of a specific Use Period or Periods or of a particular Other Redemption Opportunity, need to be made in order to preserve the generalintegrity of the system.

  • No Member can make a reservation for an Accommodation or obtain an Other Redemption Opportunity, unless such Member has paid the applicable Club Dues for the Use Year and is otherwise in good standing.

  • In grading Other Redemption Opportunities, The Club Operating Company shall, in its sole discretion, assign the number of Points required to reserve each such Other Redemption Opportunity taking into account the economics and circumstances of providing such Other Redemption Opportunity to the Members and such other factors as The Club Operating Company may from time to time deem appropriate.

  • Reservations may only be confirmed if the requesting Member has sufficient Points available for use in the Use Year in which the use and occupancy of the requested Accommodation or the requested Other Redemption Opportunity requested will occur.

  • The developer and the Association of an Affiliated Resort, of an Affiliated Collection and of an Other Redemption Opportunity are also eligible to become a Member as provided below in this Section with respect to such developer’s or the Association’s unsold inventory of Qualifying Interests.

  • Except as these Club Rules, the Articles or the terms and conditions governing Other Redemption Opportunities may otherwise specifically provide, the use and occupancy of Accommodations or the obtaining of an Other Redemption Opportunity that a Member reserves with his or her periodic allocation of Points must occur during the same Use Year as the Use Year for which those Points were allocated.

Related to Other Redemption Opportunity

  • Minimum Redemption means, in relation to the Euro Non-RDR ‘Retail’ Unhedged Distribution Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Redemption Notices means, collectively, the Event of Default Redemption Notices and the Company Optional Redemption Notices, and each of the foregoing, individually, a “Redemption Notice.”

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Early Redemption Notice means an irrevocable notice from the Issuer to Noteholders in accordance with Condition 23 (Notices) (or, in the case of Condition 8(f) (Redemption Following the Occurrence of an Event of Default), from the Trustee to the Issuer) that specifies that the Notes are to be redeemed pursuant to one of Conditions 8(c) (Redemption Following a Collateral Event) to 8(f) (Redemption Following the Occurrence of an Event of Default). An Early Redemption Notice given pursuant to Condition 8 (Redemption and Purchase) must contain a description in reasonable detail of the facts relevant to the determination that the Notes are to be redeemed and, in the case of an Early Redemption Notice given by the Issuer, must specify the anticipated Early Redemption Date and which of Conditions 8(c) (Redemption Following aCollateral Event) to 8(f) (Redemption Following the Occurrence of an Event of Default), as the case may be, are applicable. A copy of any Early Redemption Notice shall also be sent by the Issuer, or the Trustee, as the case may be, to all Transaction Parties, save that any failure to deliver a copy shall not invalidate the relevant Early Redemption Notice.

  • Optional Redemption Period shall have the meaning set forth in Section 6(a).

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Specific Redemption Provisions means, with respect to a Special Dividend Period either, or any combination of, (i) a period (a "Non-Call Period") determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during which the shares of AMPS subject to such Dividend Period shall not be subject to redemption at the option of the Corporation and (ii) a period (a "Premium Call Period"), consisting of a number of whole years and determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during each year of which the shares of AMPS subject to such Dividend Period shall be redeemable at the Corporation's option at a price per share equal to $25,000 plus accumulated but unpaid dividends plus a premium expressed as a percentage of $25,000, as determined by the Board of Directors of the Corporation after consultation with the Auction Agent and the Broker-Dealers.

  • Early Redemption Level (k) means the Early Redemption Factor (k) x R (initial).

  • Optional Redemption Notice Date shall have the meaning set forth in Section 6(a).

  • Tax Redemption The meaning specified in Section 9.3(a) hereof.

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • Optional Redemption Price means $25,000 per share plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends plus any applicable redemption premium attributable to the designation of a Premium Call Period.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Make-Whole Redemption Margin means the margin specified as such in the relevant Final Terms.

  • Optional Redemption Amount (Call) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Early Redemption Amount (k means the "Early Redemption Amount (k)" as calculated or, respectively specified by the Calculation Agent pursuant to § 4 (2) of the Special Conditions.

  • Redemption Right has the meaning provided in Section 8.5(a) hereof.

  • Early Redemption Event means that R (k) is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k).

  • Make-Whole Redemption Amount means the sum of:

  • Shareholder-Initiated Transfer Redemption means a transaction that is initiated or directed by a Shareholder that results in a transfer of assets within a Contract out of a Fund, but does not include transactions that are executed: (i) automatically pursuant to a contractual or systematic program or enrollments such as transfers of assets within a Contract out of a Fund as a result of annuity payouts, loans, systematic withdrawal programs, insurance company approved asset allocation programs and automatic rebalancing programs; (ii) as a result of any deduction of charges or fees under a Contract; (iii) within a Contract out of a Fund as a result of scheduled withdrawals or surrenders from a Contract; or (iv) as a result of payment of a death benefit from a Contract.

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).