Common use of Additional Credits Clause in Contracts

Additional Credits. Owner may purchase additional Vacation Credits in increments of 1000 at any time after the date of this Agreement, subject to the following: (i) the Credits are available; (ii) Owner is not in default under this Agreement; and (iii) the then current price is paid.

Appears in 2 contracts

Sources: Escrow Agreement (Trendwest Resorts Inc), Security Agreement (Trendwest Resorts Inc)