Presale. That status where the Resort or a Unit at the Resort is under construction, renovation or refurbishment and is considered by RCI to be not ready for occupancy by an Exchange Guest(s).
Presale. Article 8 Consideration and Payment
Presale. 1. Jiu Sheng Investment agrees that, on the condition that Jiu Sheng Investment has completed the alteration of land usage of Xiangzhang Garden under Article 1(5) hereof (or Manwide Holdings opts to purchase the whole building of Xiangzhang Garden under Clauses 2 and 3 of Article 5 hereof though Jiu Sheng Investment fails to complete the alteration of land usage of Xiangzhang Garden under Clause 1 of Article 5 hereof) , Manwide Holdings is entitled to decide at its own discretion to launch all or any part of the Subject Property for presale prior to the transfer of the Subject Property to Manwide Holding.
Presale. You must notify us in advance of any Presale activity at your club. We reserve the right to hold all club Remits during the Presale period. We also reserve the right to request proof-of-concept, or some other documentation (reasonably acceptable to us), to demonstrate your ability to open for business prior to Presale, and you agree to provide us with such information.
Presale. During Presale, Affiliate agrees to represent fully and fairly to Purchasers at the Resort RCI's requirements regarding use of Presale units for exchange. Affiliate shall send written notice to RCI when construction of the Resort has been completed, after which RCI will inspect the Resort to determine whether the Presale status of the Resort may be lifted. If RCI accepts a SPACEBANK deposit of a specified unit and week by a Purchaser of a unit having a Presale status at the Resort, and the Purchaser's unit is not completed and approved by RCI for occupancy at least fourteen (14) days prior to the start date of the specific week deposited and the week deposited is after the date that Affiliate agreed the unit would be ready for occupancy, Affiliate agrees to make available to the RCI Exchange Program during the specified week, or such other comparable week to which RCI may agree, another comparable, completed unit at the Resort.
Presale. You must let us know in advance about your plans to run a Presale at your club or studio. We reserve the right to deny Payment Services, if applicable, during any Presale period. We may request that you provide us with proof-of-concept, or similar documentation in a form reasonably acceptable to us, to demonstrate your ability to open the club or studio for business. If Services during Presale are allowed, we reserve the right to hold Presale funds in escrow for the duration of the Presale period, unless such practice is prohibited by applicable state law.
Presale. That status where the Resort or a Unit at the Resort is under construction, renovation or refurbishment and is considered by RCI to be not ready for occupancy by an Exchange Guest(s). 1.7
