Club Membership Plan definition

Club Membership Plan or “Club Plan” shall mean the Club Membership Plan, together with all amendments and modifications thereto as made by Club Owner from time to time in its discretion.
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Club Membership Plan means the Premiere Vacation Club Membership Plan (Restated) restated and recorded in the Maricopa County, Arizona public records on February 14, 2008, as Instrument No. 2008-0133225, as it may be amended, 5 supplemented or restated from time to time and all exhibits and schedules, including, without limitation, all Declarations of Annexation attached thereto, as amended, supplemented or restated from time to time, which provides for the management, operation, maintenance, use and enjoyment of the Club, which establishes the benefits and burdens of the Club with respect to its Club Members, which imposes obligations on Club Members, which grants Borrower certain rights as Declarant including the right to revoke a Club Member’s Club Membership and thereafter resell the Timeshare Interest to another Person and to annex and/or de-annex Club Inventory with the prior written consent of Lender.
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Club Membership Plan or “Club Plan” shall mean the Club Membership Plan, together with
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Examples of Club Membership Plan in a sentence

  • Borrower has received no written notice from any Governmental Authority alleging that Borrower, the ILX Sellers, the Resorts, the Club or any of the DRC Affiliates has violated any state registration law, any other applicable statute, ordinance, rule or regulation governing the marketing and sale of Timeshare Interests, any Club Membership Plan, Resort Plan or any other applicable Legal Requirements that could reasonably be expected to have a Material Adverse Effect.

  • Borrower will not vote to amend and will use commercially reasonable efforts to cause each applicable Association not to vote to terminate or amend the Club Membership Plan or applicable Resort Plan without the prior written consent of Lender.

  • Lender acknowledges that Borrower intends to establish a points-based use plan for the Club and may establish other benefits associated with the Club and will amend the Club Membership Plan and registrations to this effect.

  • No permit, authorization, consent or approval of or by, or any notification of or filing with, any Person is required in connection with the execution, delivery or performance by each Issuer, of each Financing Document to which it is a party.

  • Borrowers shall not amend, alter or modify any Club Membership Plan in any material respect without Agent’s prior written consent, which may be granted or not granted in Agent’s Permitted Discretion.

  • Borrower hereby appoints and constitutes Lender as its attorney-in-fact (with full power of substitution) to exercise all of its voting rights pertaining to the Club Membership Plan and each Resort Plan as well as pertaining to any Pledged Timeshare Loans or Mortgaged Property, or Club Membership Plan and each Resort Plan in which Borrower has an interest giving rise to the right to vote.

  • Except as Agent may have otherwise agreed to in writing, Borrowers shall subject each of the Units to the applicable Club, as contemplated under the applicable Club Membership Plan.

  • Instruments in substantially the form of the applicable Club Membership Plan and Rules and Regulations shall be used by Borrowers for all admissions and sales of Membership Interests for each Club.

  • Borrower agrees to execute, from time to time, such other documents as Lender may request including, without limitation, a proxy in form and substance approved by Lender (which proxy shall, at the request of Lender, be periodically renewed) in its discretion and file the same with the Secretary of each Association and the Club in accordance with the Association’s and Club’s By-Laws and with the appropriate office under the Club Membership Plan and each Resort Plan.

  • Each Club will at all times reflect each remaining Deposit balance (as defined in the applicable Club Membership Plan) as a long term liability of such Club on the Books and Records of such Club, subject to the terms of the applicable Club Membership Plan and Member Assurance Program.


More Definitions of Club Membership Plan

Club Membership Plan means the membership plan relating to each of the Clubs, described on Schedule 2-1 attached hereto, each as in effect as of the Closing Date and as each may be amended or modified from time to time in accordance with the terms of this Agreement. A copy of the Club Membership Plan relating to each Club as in effect on the Closing Date is attached hereto as Schedule 2-2.
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Related to Club Membership Plan

  • Membership Card means a card issued by the Club to indicate membership of a Membership Scheme.

  • HACCP plan means a written document that delineates the formal procedures for following the hazard analysis and critical control point principles developed by the National Advisory Committee on Microbiological Criteria for Foods.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • membership dues means the dues established pursuant to the constitution of the Association as the dues payable by employees as a consequence of their membership in the Association and shall not include any initiation fee, insurance premium or special levy (« cotisations » ou « retenues syndicales »);

  • Soda fountain means a place especially equipped

  • Urban renewal plan means a plan, as it exists from time to time, for an urban renewal project, which plan shall be sufficiently complete to indicate such land acquisition, demolition and removal of structures, redevelopment, improvements, and rehabilitation as may be proposed to be carried out in the urban renewal area, zoning and planning changes, if any, land uses, maximum density and building requirements.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Club means a club for the time being in membership of the Competition.

  • COLA means cost of living adjustments.

  • Membership Agreement means the agreement between the Foundation and each Member regarding each such Member’s rights and obligations as a Member.

  • Member Club means any past or present member club of the NFL or any past member club of the American Football League.

  • PEBB means the public employees benefits board.

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Car sharing period means the period of time that:

  • Participating Retail Store means any one of the Australian retail stores trading under the following trading names that is authorised by Breville to sell Participating Products and has been invited by the Promoter to participate in the Promotion:

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Membership means the definition of that term under section 6 as in effect for the particular fiscal year for which a particular calculation is made.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Membership Units means membership interests in the Company.

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • COP means the conference of the parties to the Convention;

  • ESBD means the Electronic State Business Daily, the electronic marketplace where State of Texas bid opportunities over $25,000 are posted. The ESBD may currently be accessed at http://www.txsmartbuy.com/sp.

  • Plan for moderate income housing means a written document adopted by

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Black People is a generic term which means Africans, Coloureds and Indians;