FairShare Plus Program definition

FairShare Plus Program means the program pursuant to which the occupancy and use of a Timeshare Property is assigned to the trust created by the FairShare Plus Agreement in exchange for annual symbolic points that are used to establish the location, timing, length of stay and unit type of a vacation, including without limitation systems relating to reservations, accounting and collection, disbursement and enforcement of assessments in respect of contributed units.
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FairShare Plus Program has the meaning set forth in the FCI Security Agreement.
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FairShare Plus Program has the meaning set forth in the FCI/FAC Credit Agreement.
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Examples of FairShare Plus Program in a sentence

  • The term "VOI" shall further include all rights, benefits, privileges, obligations and liabilities granted to or imposed upon the owner of a VOI with respect to the Company's FairShare Plus Program (the "Program"), pursuant to the Amended and Restated FairShare Vacation Plan Use Management Trust Agreement dated as of January 1, 1996, as amended (the "Trust Agreement") or under applicable VOI Laws.

  • FCI hereby covenants that ------------------------------------- from the Closing Date until the Termination Date, it shall perform all of its duties and responsibilities related to the operation and management of the FairShare Plus Program, as described more fully in the FairShare Plus Agreement.

  • FCI hereby covenants that ------------------------------------ from the Effective Date until the later of the Termination Date or the Collection Date, it shall perform all of its duties and responsibilities related to the operation and management of the FairShare Plus Program, as described more fully in the FairShare Plus Agreement.

  • As of the March 31, 1995, the aggregate Principal Balance of all 1995 Contracts in the Contract Pool with respect to which the underlying ownership interest consisted of a Fixed Week (whether or not such VOI was then subject to the FairShare Plus Program) or Lot constituted greater than 90% of the 1995 Contract Pool Principal Balance at such time.

  • As of March 31, --------------------- 1995, the aggregate Principal Balance of all Contracts in the 1995 Contract Pool with respect to which the underlying ownership interest consisted of a Fixed Week (whether or not such VOI was then subject to the FairShare Plus Program) or Lot constituted greater than 90% of the 1995 Contract Pool Principal Balance at such time.

  • FCI hereby covenants that from the Closing Date until the later of the Termination Date or the Collection Date, it shall perform all of its duties and responsibilities related to the operation and management of the FairShare Plus Program, as described more fully in the FairShare Plus Agreement.

  • FCI hereby covenants that from ------------------------------------ the Effective Restatement Date until the later of the Termination Date or the Collection Date, it shall perform all of its duties and responsibilities related to the operation and management of the FairShare Plus Program, as described more fully in the FairShare Plus Agreement.


More Definitions of FairShare Plus Program

FairShare Plus Program means the program pursuant to which the ------------------------ occupancy and use of a VOI is assigned to the trust created by the FairShare Plus Agreement, in exchange for annual symbolic points which are to establish the location, timing, length of stay and unit type of a vacation; including, without limitation, systems relating to reservations, account and collection, disbursement and enforcement of assessments in respect of contributed units.
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