Resort Unit definition
Resort Unit means all Hotel Keys and all other residential units (including Resort Residential and Resort Estates), which may include a room or group of rooms which can be locked and served by a single key (or multiple keys). A Resort Unit may be served by one or more bathrooms, and may be with or without cooking facilities or kitchens. Except for the requirement that the Minimum Hotel Keys be owned by the Principal Resort Hotel Owner, a Resort Unit may, subject to the 2013 SUP, be owned by either an Owner or a Third Party and may be sold, resold, or may be rented and re-rented from time to time, including for transient occupancy; and provided further that, except for the requirement that the Minimum Hotel Keys be owned by the Principal Resort Hotel Owner and managed by the Resort Hotel Manager thereof, a Resort Unit may only, subject to the 2013 SUP, be used for any type of residential occupancy (including transient occupancy) and created as separate legal units through one or more plats or horizontal property regimes through one or more maps.
Resort Unit means, with respect to each Resort, one living unit in a building incorporated into the Resort pursuant to the Declaration, if applicable, together with all related or appurtenant interests in services, easements and other rights or benefits, as described and provided for in the Timeshare Documents.
Resort Unit means a room or group of rooms which can be locked and served by a single key and which is part of a resort complex, as such is defined by the Town Zoning Ordinance. A Resort Unit may be served by one or more bathrooms, and may be with or without cooking facilities. A Resort Unit may, subject to the stipulations and other provisions set out below, be owned by either the Resort Hotel Owner or a third party.
Examples of Resort Unit in a sentence
The Company shall provide all other seasonal maintenance and repair services in addition to other Resort Unit Services necessary to meet Company’s acceptable standard, but except as specifically provided in this Agreement, Owner shall be responsible for payment of the costs of these services, in the amount provided in Schedule A.
In addition, Lender shall have the automatic right without the appointment of a Receiver to have access to and exclusive possession of the Resort Interest and Resort Unit encumbered hereby or such other Resort Interest and Resort Unit whose use has been assigned to Borrower by the Resort Owners Association or by any exchange company.
In that regard, no Resort Unit may be occupied by their owner(s) for more than a total of 150 days in any consecutive 12 month period, except the resident manager room, if any, and no permanent occupancy is permitted in the Resort Units.
The value assigned to Accommodation will be based upon such factors as determined by the Network Administrator, including supply and demand for Units at the Affiliated Resort, Unit type, seasonality, and historical occupancy percentages and facilities at the Affiliated Resort.
Each Property, Resort, Unit, and the other Improvements will be operated in compliance with all applicable zoning requirements, building codes, subdivision ordinances, licensing requirements, covenants, conditions, and restrictions of record, and all other Applicable Laws.
More Definitions of Resort Unit
Resort Unit means all Hotel Keys and all other residential units (including Resort Residential and Resort Estates), which may include a room or group of rooms which can be locked and served by a single key (or multiple keys). A Resort Unit may be served by one or more bathrooms, and may be with or without cooking facilities or kitchens. Except for the requirement that the Minimum Hotel Keys be owned by the Principal Resort Hotel Owner, a
Resort Unit means and refers to each of the Units other than the Traditional Units and the Commercial Units and which are identified with the prefix "R-" on Exhibit "2” attached hereto. References herein to "Units" or "Parcels" shall include Resort Units unless the context prohibits or it is otherwise expressly provided.
Resort Unit means one of 6 (six) Resort Buildings; ; interchangeable with “Cottage” “Restoration Funds” is defined in Section 10.01;
Resort Unit means one of 6 (six) Resort Buildings; ; interchangeable with “Cottage” “Restoration Funds” is defined in Section 10.01; “Rules” means the rules and regulations governing the Use Periods made from time to time by the Board. The Rules in force at the date of this Agreement are attached as Exhibit “D”; “Season” means as follows: (a) the Summer Season; (b) the Spring Season is the eleven (11) week period immediately preceding the Summer Season (and includes one (1) one-week Service Period); (c) the Fall Season is the ten (10) week period immediately following the Summer Season; and (d) the Winter Season is the ten (10) week period immediately following the two (2) week public school Christmas break in the City of Toronto (excluding the one (1) week spring public school break in the City of Toronto); “Service Period” is defined in Section 2.02; “Special Charge” is defined in Section 6.03(d); “Summer Season” means the ten (10) consecutive week period ending on the Friday immediately preceding Labour Day each calendar year; “Supplemental Budget” is defined in Section 6.07(a); “Threatened Owner” is defined in Section 5.04; “Total Destruction” is defined in Section 10.01; “Total Taking” is defined in Section 10.01; “Transfer” includes: (i) a sale, voluntary or forced, including a judicial or power of sale; (ii) a gift or bequest pursuant to a will at a person’s death; and (iii) a transfer by operation of law upon death, if there is no will; "Transfer Agreement" means the Transfer/Assumption/Consent Agreement attached as Exhibit "B"; “Trespasser” means any Occupant who: (i) does not vacate a Cottage at the end of the Use Period; (ii) who uses a Cottage during someone else’s Use Period without permission; (iii) who by any other act or failure to act prevents someone else from using a Cottage he/she is entitled to use. Any one of the foregoing acts is an “Act of Trespass”; “Use Period” is defined in Section 2.02; “Vandal” means any Occupant who damages any amenity, facility, a Cottage or Common Furnishings so that the Cottage cannot be lived in during any Use Period. Making a Cottage so it cannot be lived in is an “Act of Vandalism”; and “Visitor” means the family, guest and other people allowed or invited onto the Property by an Owner, Exchange User or Occupant, but Visitor does not include the Renter or Exchange User themselves.
Resort Unit means a Condominium Unit which is permitted by the terms of this Declaration to be utilized only for residential or transient lodging purposes.
Resort Unit means one of 6 (six) Resort Buildings; ; interchangeable with “Cottage”
Resort Unit means all Hotel Keys and all other residential units (including Resort Residential and Resort Estates), which may include a room or group of rooms which can be locked and served by a single key (or multiple keys). A Resort Unit may be served by one or more bathrooms, and may be with or without cooking facilities or kitchens. Except for the requirement that the Minimum Hotel Keys be owned by the Principal Resort Hotel Owner, a Resort Unit may, subject to these Stipulations, be owned by either an Owner or a third party and may be sold, resold, or may be rented and re-rented from time to time, including for transient occupancy; and provided further that, except for the requirement that the Minimum Hotel Keys be owned by the Principal Resort Hotel Owner and managed by the Resort Hotel Manager thereof, a Resort Unit may only, subject to these Stipulations, be used for any type of residential occupancy (including transient occupancy) and created as separate units through one or more plats or horizontal property regimes through one or more maps.