Vacation Interval definition

Vacation Interval means an interest entitling the holder to use, for a limited period on an annual or other recurrent basis, a lodging unit, together with associated privileges and rights, at a Company resort, including, without limitation, a fee interest, a leasehold, a vendee's interest under a contract of deed, or other interest based on a floating period or points based system.

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Vacation Interval means an interest entitling the holder to use, for a limited period on an annual or other recurrent basis, a lodging unit, together with associated privileges and rights, at a Company resort, including, without limitation, a fee interest, a leasehold, a vendee’s interest under a contract of deed, or other interest based on a floating period or points based system.

Vacation Interval means a fee vacation ownership interest or timeshare interest at or in a Resort.

Examples of Vacation Interval in a sentence

The books and records of each Club, as previously provided to Parent, are complete, true and correct in all material respects, and all amounts assessed to, and funds collected from, Vacation Interval owners and others by the applicable Club on behalf of the Associations have been properly accounted for in all material respects and expended in all material respects in accordance with the Company Management Agreements and all applicable Laws.
The pooling of assessments and dues collected from Vacation Interval owners and others by the applicable Club on behalf of the Associations and the Company’s current ability to appoint a majority or the members of the governing body for each Club and Association does not violate any VOI Laws.
To the Company’s Knowledge, each purchaser of a Vacation Interval has dedicated and unencumbered access to and use of all of the amenities of the applicable Resorts in accordance with the applicable Resort Documents.
These packages were priced significantly lower than the price of a Vacation Interval, and the Debtors provided financing terms of up to twelve months.
As a reminder, until the Cancellation Agreement is accepted and approved by Northmont Resort Properties Ltd., you will continue to be the owner of your Vacation Interval Agreement and responsible for the obligations therein.
A Buyer who has financed his or her purchase in this manner will not receive physical possession of the Certificate of Vacation Interval Interest which will be forwarded by the Trustee to the lender.
In addition to the foregoing insurance, Northmont shall maintain and keep in force during the term of this Agreement, public liability insurance in respect of the Vacation Properties and the common areas of the Vacation Properties in the name of the Trustee as trustee for Northmont, the Buyer and other Owners of Vacation Interval Interests in the Vacation Properties, said insurance to be for coverage and in amounts stipulated by Northmont.
The Buyer hereby acknowledges the right of Northmont to use, occupy and rent any Vacation Property not reserved for a particular week period pursuant to a Vacation Lease or Vacation Interval Agreement or other disposition, and to retain all monies and other consideration received as a result of the use, occupation and rental of any such Vacation Property.
Delivery by Northmont of the Certificate of Vacation Interval Interest to a lender constitutes delivery to a Buyer.
PMR Sellers: Each of PMR, Vacation Interval Realty, Inc., Vacation Marketing Group, Inc., MGV Cabo, LLC, Desarrollo Cabo Azul, S.

More Definitions of Vacation Interval

Vacation Interval and “Timeshare Week” were used inconsistently. We have tried to change all references so that “Timeshare Week” refers to the week purchased by a Member and “Vacation Interval” means anytime anyone is staying at the resort. When you are at the resort for your timeshare week both terms apply.

Vacation Interval means a fee vacation ownership interest or ----------------- timeshare interest at or in a Resort.

Vacation Interval means anytime anyone is staying at the resort. When you are at the resort for your timeshare week both terms apply.

Vacation Interval means a two (2) week period of time during which ▇▇▇▇▇▇▇▇ will not be required to provide any services to the Company pursuant to the term of this Agreement. ▇▇▇▇▇▇▇▇ shall be entitled to designate three Vacation Intervals during the Consulting Term, provided that Vacation Intervals shall be separated by a minimum of four weeks, unless ▇▇▇▇▇▇▇▇ in his discretion elects to provide services to the Company during a Vacation Interval;