Examples of VOI in a sentence

At greater than 120 days, the VOI contract receivable is written off to the allowance for loan losses.
The Company updates its records for all active VOI contract receivables with a balance due on a rolling monthly basis to ensure that all VOI contract receivables are scored at least every six months.
Vacation ownership contract receivables qualify for securitization based primarily on the credit strength of the VOI purchaser to whom financing has been extended.
Includes Gross VOI sales under the Company's fee-for-service sales.
Deferred VOI incentive revenue represents payments received in advance for additional travel-related services and products at the time of a VOI sale.

More Definitions of VOI

VOI means (i) a fee simple or leasehold ownership interest in a --- condominium unit or an entire timeshare resort developed or acquired by the Company or any of its Subsidiaries or either of the Clubs coupled with the right to use and occupy one or more residential accommodations at such timeshare resort in accordance with the terms, provisions and conditions of the applicable declaration of condominium, master deed and all other documents and instruments that govern the use and occupancy of such resort's accommodations and facilities (a "Fractional Interest") or (ii) (x) a "Vacation Credit" (as such term is ------------------- described in Section 3.4 of any each Declaration filed by the Company and the Club in respect of a Club Resort, which delineates the magnitude and extent of rights, benefits, privileges, obligations and liabilities of a membership ("Membership") in the Club) or (y) a Holiday Credit (as defined below) (each of ---------- (x) and (y), a "Vacation Credit"). The term "VOI" shall further include all --------------- rights, benefits, privileges, obligations and liabilities granted to or imposed upon the owner of a VOI under applicable VOI Laws.

VOI means the underlying ownership interest which is the subject of a Purchased Contract, which ownership interest shall consist of either a fixed week or undivided interest in fee simple in a lodging unit or group of lodging units at a Development or such other interest or right with respect to a lodging unit or group of lodging units at a Development that has been approved of by the Agent in writing.

VOI shall further include all rights, benefits, privileges, obligations and liabilities granted to or imposed upon the owner of a VOI under the applicable VOI Laws.

VOI. 10.1 "VOI Distribution" 1.2.1(a)(iv) "VOI Purchase Agreement" 10.1 "VOI Registration Statement" 1.2.1(a)(iv) "VOI Stock" 1.2.1(a)(iv) "Vornado" Preamble "Vornado Common Shares" 10.1 Definition Section Reference ---------- -----------------

VOI means a vacation ownership interest in an RCI-Affiliated Resort(s) which is sold by a RCI Affiliate or Authorized Marketer.