Priority for Former Members Clause Samples

Priority for Former Members. Any Regular Member who joined the Club after June 1, 1988 and ceases to be eligible for Regular Membership based on the requirements set forth in Section 22(a) (“Former Member”) may apply to be re-admitted as a Non- Resident Regular Member, and will receive the first membership opening available to non- Residential Property Owners, provided the application for readmission is received within six (6) months from divesting of qualifying interest in a residential property within the City of Palos Verdes Estates and the membership had been consistently maintained for a period of no less than five (5) years (exclusive of any period of inactive or absentee status). The Former Member under these circumstances shall receive credit for the then-current Regular Member initiation fee and will pay the difference between the current Non- Resident Member initiation fee and the amount the Member originally paid to join the Club.