Unit week definition

Unit week means a number of consecutive days, normally seven consecutive days in duration, which may reasonably be assigned to purchasers of vacation time sharing plans by the seller.
Unit week or “Time Share Estate” means a period of ownership in a unit committed to Interval Ownership:
Unit week. Unit Type: Fixed Time Floating Time of Lakeshore Reserve Condominium, according to the Declaration of Condominium thereof, recorded in Official Records Book 9741 at Page 2312 in the Public Records of Orange County, Florida, and any amendments thereof (“Declaration”).

Examples of Unit week in a sentence

  • An Annual Unit Week allows occupancy and use of a Unit each and every calendar year.

  • The aforesaid Unit Week is designated an Annual OR Biennial Unit Week.

  • A Biennial Unit Week allows occupancy and use of a Unit only every other calendar year.

  • For purposes of calculating the number of "sold" Unit Weeks under this paragraph, each Biennial Week shall count as one-half (1/2) of a Unit Week, such that the sale of 2 Biennial Weeks shall equal the sale of 1 Unit Week.

  • BUYER has delivered to SELLER this date the sum of $_________ as a good faith deposit (the "Total Down Payment") toward the purchase of the Unit Week.


More Definitions of Unit week

Unit week means specific fee simple interval ownership interests or other occupancy rights, each consisting primarily of a seven (7) day occupancy period in a type of Unit at a Club Resort legal title to which was conveyed to the Club by the applicable ILX Sellers or Borrower subsequent to the Closing Date pursuant to a special warranty deed and more particularly described in the then current Declaration of Annexation attached to the Club Membership Plan.
Unit week means a one (1) week of use in the Premises. Unit weeks are computed as follows: Unit week #1 is the seven (7) days commencing the first Saturday in each year. Unit Week #2 is the seven (7) days succeeding. Additional weeks up to and including Unit Week #51 are computed in a like manner. Unit Week #52 contains the seven (7) days succeeding the end of week #51 without regard to the month or year plus any excess days not otherwise assigned. Unit weeks run from Twelve o’clock noon (12:00 noon) of the first Saturday of the period to Twelve o’clock noon (12:00 noon ) on the last Saturday of the period.
Unit week means one week of use in one of the residences located on one of the seven lots surrounding the PARK when one of such lots and improvements located thereon has been subjected to a plan of interval ownership by the DEVELOPER.
Unit week or "Week" means a period of use of a Unit, which shall consist of seven (7) days. Unit Weeks are computed as follows: Unit Week No. 1 is the Seven (7) Days commencing on the first Sunday in each calendar year. Unit Week No. 2 is the Seven (7) Days succeeding. Additional Unit Weeks, up to and including Unit Week No. 52, are computed in a like manner. Unit Week No. 52 contains the Seven (7) Days succeeding the end of Unit Week No. 51, without regard to the month or year. Unit Weeks run from 12:00 p.m. on the first Sunday of the Unit Week to 12:00 p.m. on the last Saturday of the Unit Week, subject to the service period. Any excess days not otherwise assigned shall remain the property of the Developer.
Unit week or "Unit Weeks" shall mean the timeshare interests defined in and created by the Project Documents.
Unit week means the use and occupancy of a Unit for a one-week period. Each Unit, therefore, has available for use and occupancy up to fifty-two (52) Unit Weeks per year.
Unit week means a period of occupation of one unit in the Development for one week per calendar year;