Interval Interest definition

Interval Interest means an interest in the Bxxxxxx Xxxxx Mountain Club which interest entitles the owner to occupy, exchange, or rent a week or period in a resort unit at such resort on a reservation basis.
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Interval Interest means an interest in the Bentley Brook Mountain Club which interest entitles the owner to occupy, exchange, or rent a week or period in a resort unit at such resort on a reservation basis.
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Examples of Interval Interest in a sentence

  • Each Owner (including Grantor) shall be fully discharged and relieved of liability on the covenants of this Agreement insofar as the same relate to his Interval Estate in a Unit upon ceasing to own any Interval Interest therein and paying all sums and performing al1 obligations in respect of such Interval Estate to the time his ownership interest is terminated.

  • Any mortgage, deed of trust or other encumbrances of any Interval Interest in the Unit shall be subordinate to all of the provisions of this Agreement, and in the event of foreclosure the provisions of this Agreement shall be binding upon any Owner whose title is derived through foreclosures by private power of sale, judicial foreclosure or otherwise.

  • Delivery by Northmont of the Certificate of Vacation Interval Interest to a lender constitutes delivery to a Buyer.

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  • Each determination by the Agent of the Prime Rate and the Prime Rate Margin applicable from time to time during an Interest Period will, in the absence of manifest error, be binding upon the Canadian Borrower.

  • The chair sustained the point of order and submitted the following statement: Representative Dunnam raises a point of order against further consideration of CSHB 2873 in that the bill analysis in incorrect, and, therefore, in violation of Rule 4, Section 32(c) of the House Rules.

  • The members of the Association shall determine the manner of disposition of the proceeds which shall make provision for any Interval Interest Owners whose exercise of ownership interests hereunder are disproportionately affected.

  • Connect with your Program Chair If you are unable to resolve the concern after initial contact with the instructor GSA or TA, and you have met with your academic advisor, you should then connect with the program chair for your degree (or the department offering the course).

  • All Interval Interest Owners shall be named as additional insured and subrogation against them or members of their households shall be waived.

Related to Interval Interest

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Fractional Interest As defined in Section 5.02(d).

  • Additional Interest shall have the meaning set forth in Section 2(e) hereof.

  • Distributional interest means the right under an unincorporated entity’s organic law and organic rules to receive distributions from the entity.

  • Personal interest means a financial benefit or liability accruing to a School Board member or employee or to a member of the immediate family of the School Board member or employee. Such interest shall exist by reason of

  • Prospective International Interest means an interest that is intended to be created or provided for in an object as an international interest in the future, upon the occurrence of a stated event (which may include the debtor’s acquisition of an interest in the object), whether or not the occurrence of the event is certain;

  • Financial Interest means either:

  • Interest when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • registered interest means an international interest, a registrable non-consensual right or interest or a national interest specified in a notice of a national interest registered pursuant to Chapter V;

  • International Interest has the meaning ascribed to the defined term “international interest” under the Cape Town Treaty.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.