Floating Weeks must Sample Clauses
The 'Floating Weeks must' clause establishes requirements or conditions that must be met regarding the use or allocation of floating weeks, which are flexible time periods often used in timeshare or vacation property agreements. Typically, this clause outlines how floating weeks can be reserved, any restrictions on their use, and the process for selecting or confirming specific dates within a given year. By setting clear rules for floating week usage, the clause helps prevent scheduling conflicts and ensures fair access for all parties involved.
Floating Weeks must be reserved each calendar year for the next calendar year upon availability. Choice of Floating Weeks will be given to Owners in the order of the Intervals on the following rotational basis: All Owners will have first choice in either the Fall and Winter weeks or the Spring and Additional Weeks every five years. Specific Owner choice position for their Fall/Winter and Spring/Additional Weeks each year is determined by their specific Interval number stipulated in their Owner’s Purchase Contract or their Transfer, Assumption and Consent Agreement. Using the Interval Rotation Chart (below) and matching the Owner’s assigned Cottage Number with their Interval Number will identify the specific chart Row (referenced by the “Common Interval Reference Letter” column) which will identify the owner’s specific choice position in a perpetual calendar that will repeat every 10 years. **Save and except for a special Purchase Agreement entitlement whereby Cottage 4 Fixed Summer Week 1 Owner shall have the right each calendar year to reserve and combine Spring Week 10 with their Fixed Summer Week 1 prior to the release of the Floating Week Selection Process for Cottage 4. Should the Cottage 4 Fixed Summer Week 1 Owner forfeit this right in any particular year, their choice for a Spring Floating Week will then be made according to their interval and position on the Interval Rotational Chart for Cottage 4. calendar that will repeat every 10 years. **Save and except for a special Purchase Agreement entitlement whereby Cottage 4 Fixed Summer Week 1 Owner shall have the right each calendar year to reserve and combine Spring Week 10 with their Fixed Summer Week 1 prior to the release of the Floating Week Selection Process for Cottage 4. Should the Cottage 4 Fixed Summer Week 1 Owner forfeit this right in any particular year, their choice for a Spring Floating Week will then be made according to their interval and position on the Interval Rotational Chart for Cottage 4. The following are the Rules for your use and enjoyment of your Cottage at Inaski Shores.
(A) Treat your other Cottage Owners as you would want them to treat you. This will enhance both the enjoyment of your vacation and that of others. Making new friends is one of the benefits of vacation ownership. Treating others with care and consideration will also enhance this aspect of your vacation.
(B) You are an owner; the way you care for Inaski Shores will play an important part in protecting its value. Inaski Shores is...
Floating Weeks must be reserved each calendar year for the next calendar year upon availability. Choice of Floating Weeks will be given to Owners in the order of the Intervals on the following rotational basis: All Owners will have first choice in either the Fall and Winter weeks or the Spring and Additional Weeks every five years. Specific Owner choice position for their Fall/Winter and Spring/Additional Weeks each year is determined by their specific Interval number stipulated in their Owner’s Purchase Contract or their Transfer, Assumption and Consent Agreement. Using the Interval Rotation Chart (below) and matching the Owner’s assigned Cottage Number with their Interval Number will identify the specific chart Row (referenced by the “Common Interval Reference Letter” column) which will identify the owner’s specific choice position in a perpetual in the presence of: Witness ) [New Owner] Owner's Initials Association’s Initials