Common use of Failure to Maintain Good Standing Status Clause in Contracts

Failure to Maintain Good Standing Status. If Owner fails to meet or maintain any of the conditions that constitute Good Standing Status, then Owner's membership in the RCI Weeks Program shall terminate automatically without any further action by either party. Despite expiration or termination of the Rental Agreement for any reason or termination of Owner’s membership in the RCI Weeks Program, Owner agrees to honor and allow use of the Unit for any deposited Week(s) that have been reserved for use by an RCI member prior to such termination. Failure to maintain Good Standing Status may result in cancellation of Owner’s planned use of an exchanged Week.