Common use of Refund of RCI Points Clause in Contracts

Refund of RCI Points. Upon cancellation of a Weeks Program Reservation, the Member may receive a refund of the RCI Points used to make the Reservation according to the following schedule: a. If a Member confirms a Weeks Program Reservation fifteen (15) or more days prior to the check in date and the Weeks Program Reservation is cancelled before the end of the next RCI Business Day following the date on which the Weeks Program Reservation was made, 100% of the RCI Points used to make the Reservation will be refunded to the Member’s RCI Points account. b. If a Member confirms a Weeks Program Reservation fourteen (14) days or less prior to the check in date and the Weeks Program Reservation is cancelled before the end of the next RCI Business Day following the date on which the Weeks Program Reservation was made, and the Member has not purchased Points Protection, 25% of the RCI Points used to make the Reservation will be refunded to the Member’s RCI Points account. c. After the end of the next RCI Business Day following the date on which the Weeks Program Reservation was made, the Member may cancel the Weeks Program Reservation, but the amount of RCI Points refunded, if any, depends upon how far in advance of the check in date the cancellation is made. If the Member has not purchased Points Protection, then the following sliding scale will be used to determine the percentage of the Member’s RCI Points that may be refunded: 120 Days or greater prior to check in: 100% refunded 119 Days to 61 days prior to check in: 75% refunded 60 Days to 30 days prior to check in: 50% refunded 29 Days or less prior to check in: 25% refunded. d. Refunded Points return to the Use Year from which they originated unless that Use Year has passed. If that Use Year has passed, the RCI Points will be treated as auto-saved and will return to the current Use Year. No fee will be assessed for this Transaction. e. Refunded RCI Points that have been previously saved shall return to the Use Year into which they were originally saved. If the Use Year into which the RCI Points were originally saved has passed, then the saved RCI Points shall also be deemed to have expired. However, they can be extended for one (1) additional Use Year for a fee, and cannot be further extended or saved. f. Refunded RCI Points that have been previously extended shall return to the Use Year into which they were originally extended. If the Use Year into which the RCI Points were originally extended has passed, then the extended RCI Points shall also be deemed to have expired.

Appears in 2 contracts

Samples: Rci Points Subscribing Membership Terms and Conditions, Rci Points Subscribing Membership Terms and Conditions

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Refund of RCI Points. Upon cancellation of a Weeks Program Reservationan RCI Points Confirmed Exchange, the Member may receive a prorated refund of the RCI Points used to make the Reservation Confirmed Exchange according to the following schedule: a. If the Member cancels a Member confirms a Weeks Program Reservation fifteen (15) or more days prior to the check in date and the Weeks Program Reservation is cancelled Confirmed Exchange before the end of the next RCI Business Day following the date on which the Weeks Program Reservation Confirmed Exchange was made, made and the Confirmed Exchange was made fifteen (15) or more calendar days prior to the check in date of the vacation the Member will receive a 100% refund of the RCI Points used to make the Reservation will be refunded to the Member’s RCI Points accountConfirmed Exchange. b. If the Member cancels a Member confirms a Weeks Program Reservation fourteen (14) days or less prior to the check in date and the Weeks Program Reservation is cancelled Confirmed Exchange before the end of the next RCI Business Day following the date on which the Weeks Program Reservation Confirmed Exchange was made, made and the Confirmed Exchange was made less than fifteen (15) prior to the check in date of the vacation and the Member has not purchased Points Protection, 25% of the RCI Points used to make the Reservation Confirmed Exchange will be refunded to the Member’s RCI Points accountupon such cancellation. c. After the end of the next RCI Business Day following the date on which the Weeks Program Reservation Confirmed Exchange was made, the Member may cancel the Weeks Program ReservationConfirmed Exchange, but the amount of RCI Points refunded, if any, depends upon how far in advance of the check in date the cancellation is made. If the Member has not purchased Points Protection, then the following sliding scale will be used to determine the percentage of the Member’s RCI Points that may be refunded: 120 Days or greater prior to check in: 100% refunded 119 Days to 61 days prior to check in: 75% refunded 60 Days to 30 days prior to check in: 50% refunded 29 Days or less prior to check in: 25% refunded. d. Refunded RCI Points that have not been previously saved return to the Use Year from which they originated unless that Use Year has passed. If that Use Year has passed, the RCI Points will be treated as auto-saved and will return to the current Use Year. No fee will be assessed for this Transactionsuch auto-saving of RCI Points. e. Refunded RCI Points that have been previously saved shall return to the Use Year into which they were originally saved. If the Use Year into which the RCI Points were originally saved has passed, then the saved RCI Points shall also be deemed to have expired. However, they can be extended for one (1) additional Use Year for a fee, and cannot be further extended or saved. f. Refunded RCI Points that have been previously extended shall return to the Use Year into which they were originally extended. If the Use Year into which the RCI Points were originally extended has passed, then the extended RCI Points shall also be deemed to have expired.

Appears in 2 contracts

Samples: Rci Points Subscribing Membership Terms and Conditions, Rci Points Subscribing Membership Terms and Conditions

Refund of RCI Points. Upon cancellation of a Weeks Program Reservation, the Member may receive a refund of the RCI Points used to make the Reservation according to the following schedule: a. If a Member confirms a Weeks Program Reservation fifteen (15) or more days prior to the check in date and the Weeks Program Reservation is cancelled before the end of the next RCI Business Day following the date on which the Weeks Program Reservation was made, 100% of the RCI Points used to make the Reservation will be refunded to the Member’s RCI Points account. b. If a Member confirms a Weeks Program Reservation fourteen (14) days or less prior to the check in date and the Weeks Program Reservation is cancelled before the end of the next RCI Business Day following the date on which the Weeks Program Reservation was made, and the Member has not purchased Points Protection, 25% of the RCI Points used to make the Reservation will be refunded to the Member’s RCI Points account. c. After the end of the next RCI Business Day following the date on which the Weeks Program Reservation was made, the Member may cancel the Weeks Program Reservation, but the amount of RCI Points refunded, if any, depends upon how far in advance of the check in date the cancellation is made. If the Member has not purchased Points Protection, then the following sliding scale will be used to determine the percentage of the Member’s RCI Points that may be refunded: 120 Days or greater prior to check in: in 100% refunded 119 Days to 61 days prior to check in: in 75% refunded 60 Days to 30 days prior to check in: in 50% refunded 29 Days or less 25% prior to check in: 25% in refunded. d. Refunded Points return to the Use Year from which they originated unless that Use Year has passed. If that Use Year has passed, the RCI Points will be treated as auto-saved and will return to the current Use Year. No fee will be assessed for this Transaction. e. Refunded RCI Points that have been previously saved shall return to the Use Year into which they were originally saved. If the Use Year into which the RCI Points were originally saved has passed, then the saved RCI Points shall also be deemed to have expired. However, they can be extended for one (1) additional Use Year for a fee, and cannot be further extended or saved. f. Refunded RCI Points that have been previously extended shall return to the Use Year into which they were originally extended. If the Use Year into which the RCI Points were originally extended has passed, then the extended RCI Points shall also be deemed to have expired.

Appears in 1 contract

Samples: Terms and Conditions of Rci Points Subscribing Membership

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Refund of RCI Points. Upon cancellation of a Weeks Program Reservation, the Member may receive a refund of the RCI Points used to make the Reservation according to the following schedule: a. If a Member confirms a Weeks Program Reservation fifteen (15) or more days prior to the check in date and the Weeks Program Reservation is cancelled before the end of the next RCI Business Day following the date on which the Weeks Program Reservation was made, 100% of the RCI Points used to make the Reservation will be refunded to the Member’s RCI Points account. b. If a Member confirms a Weeks Program Reservation fourteen (14) days or less prior to the check in date and the Weeks Program Reservation is cancelled before the end of the next RCI Business Day following the date on which the Weeks Program Reservation was made, and the Member has not purchased Points Protection, 25% of the RCI Points used to make the Reservation will be refunded to the Member’s RCI Points account. c. After the end of the next RCI Business Day following the date on which the Weeks Program Reservation was made, the Member may cancel the Weeks Program Reservation, but the amount of RCI Points refunded, if any, depends upon how far in advance of the check in date the cancellation is made. If the Member has not purchased Points Protection, then the following sliding scale will be used to determine the percentage of the Member’s RCI Points that may be refunded: 120 Days or greater prior to check in: in 100% refunded 119 Days to 61 days prior to check in: in 75% refunded 60 Days to 30 days prior to check in: in 50% refunded 29 Days or less 25% prior to check in: 25% in refunded. d. Refunded Points return to the Use Year from which they originated unless that Use Year has passed. If that Use Year has passed, the RCI Points will be treated as auto-saved and will return to the current Use Year. No fee will be assessed for this Transaction. e. Refunded RCI Points that have been previously saved saved, shall return to the Use Year into which they were originally saved. If the Use Year into which the RCI Points were originally saved has passed, then the saved RCI Points shall also be deemed to have expired. However, they can be extended for one (1) additional Use Year for a fee, and cannot be further extended or saved. f. Refunded RCI Points that have been previously extended extended, shall return to the Use Year into which they were originally extended. If the Use Year into which the RCI Points were originally extended has passed, then the extended RCI Points shall also be deemed to have expired.

Appears in 1 contract

Samples: Rci Points Subscribing Membership Terms and Conditions

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