Assigned Use Period definition

Assigned Use Period is defined in Section 2.05;
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Assigned Use Period is defined in Section 2.05; “Association” means the Inaski Shores Resort Owners Association; “Association Expenses” is defined in Section 6.02(a); “Basic Charge” is defined in Section 6.02(c); “Board” means board of directors of the Association; “Budget” is defined in Section 6.03; “By-laws” means the by-laws of the Association; “Calendar” is defined in Section 2.04; "Charges" means all basic, personal and special charges; “Co-Owner” means an ownership interest where an Interval is owned by more than one (1) Owner; “Common Furnishings” means the furniture, appliances, equipment and furnishings in each Cottage owned by the Association; “Complete Taking” is defined in Section 10.01; "Cottage” means one (1) of the Resort Buildings to be built on the Property, there being a maximum of up to 6. “Defaulting Person” is defined in Section 8.01; “Destruction” is defined in Section 10.01; Proposed V2016.0 April 16, 2016 INASKI SHORES OWNERS AGREEMENT THIS AGREEMENT reaffirmed as of April 16, 2016, based upon the last duly approved version as of April 25, 2015, based upon its original AGREEMENT established as of July 27, 2005 with amendments herein contained. A M O N G: The persons who are original signing parties to this Agreement as an Owner and any other person who from time to time becomes bound by this Agreement as an Owner, (hereinafter each individually called the “Buyer” or an “Owner”), - and – INASKI SHORES RESORT OWNERS ASSOCIATION, a not-for-profit corporation incorporated under the laws of the Province of Ontario, (hereinafter called the “Association”), RECITALS: A. The Association is the registered owner of the Property; B. It is the intent that each Owner shall be entitled to reserve on a priority basis and then use a specified Cottage for an agreed Interval and shall not be entitled to possession or use of the Cottage or access to the Property at any other time except as a member of the travelling and vacationing public having first reserved such Cottage; C. To give effect to the foregoing arrangement it is necessary that all Owners be or become parties to this Agreement; WITNESSES that for good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto covenant and agree as follows: ARTICLE I -
Sample 1
Assigned Use Period is defined in Section 2.05; “Association” means the Inaski Shores Resort Owners Association; “Association Expenses” is defined in Section 6.02(a); “Association Property” means all real and personal property, fixtures, apparatus, equipment, appliance, furnishings, furniture, supplies and other items owned by the Association for the benefit of the Owners and includes Common Furnishings; “Board” means board of directors of the Association; “Budget” is defined in Section 6.03; “By-laws” means the by-laws of the Association; “Calendar” is defined in Section 2.04; "Charges" means all Annual Fees, personal and special charges; “Co-Owner” means an ownership interest where an Interval is owned by more than one (1) Owner; “Common Furnishings” means the furniture, appliances, equipment and furnishings in each Cottage owned by the Association; “Complete Taking” is defined in Section 10.01; "Cottage” means one (1) of the dwellings to be built on the Property, there being a maximum of up to 6. “Defaulting Person” is defined in Section 8.01;
Sample 1

Examples of Assigned Use Period in a sentence

  • However, when designating a Major Service Period, the Association may not deprive any Owner of his/her Assigned Use Period.

  • During your Assigned Use Period, you must keep your Assigned Cottage in good order and condition and, if you do not do so, you will be charged for any extra cleaning services required.

  • Each person who becomes an Owner and gets an Assigned Use Period in the calendar year of purchase is responsible for Charges during that Year.

  • Subject always to Section 1, you (the Owner) may rent or give use of your Assigned Use Period to others or invite guests to share occupancy of your Assigned Cottage during your Assigned Use Period, but you are responsible for them.

  • The Owner may choose to rent their Assigned Use Period externally or through an approved External Exchange Program; doing so subject to this Agreement and only during Assigned Use Periods that have not been previously identified by the Association as Non RCI/External Use Periods.

Related to Assigned Use Period

  • Use Period means the period commencing on the date that the ABL Agent or an agent acting on its behalf (or an ABL Credit Party acting with the consent of the ABL Agent) commences the liquidation and sale of the ABL Priority Collateral in a manner as provided in Section 3.6 hereof (having theretofore furnished the Controlling Term Agent with an Enforcement Notice) and ending 180 days thereafter. If any stay or other order that prohibits any of the ABL Agent, the other ABL Secured Parties or any ABL Credit Party (with the consent of the ABL Agent) from commencing and continuing to Exercise Any Secured Creditor Remedies or from liquidating and selling the ABL Priority Collateral has been entered by a court of competent jurisdiction, such 180-day period shall be tolled during the pendency of any such stay or other order and the Use Period shall be so extended.

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).

  • Approved Use means the use of the Project for the operation of a Healthcare Facility as a ___ ____ [insert type of facility] with __ __ [beds/units] [of which not less than __ ___ [beds/units] are [to be] in use] and such other uses as may be approved in writing from time to time by HUD based upon a request made by the Borrower, Operator, or Master Tenant, but excluding any uses that are discontinued with the written approval of HUD. Master Tenant shall ensure that use of the Healthcare Facility is in accordance with the Approved Use.

  • Permitted Uses shall have the meaning set forth in Section 7.1.2.

  • Service Period means, with respect to any Service, the period commencing on the applicable Distribution Date and ending on the earliest to occur of (a) the date that a Party terminates the provision of such Service pursuant to Section 5.03 and (b) the date, if any, specified for termination of such Service on the Schedules hereto, or, if no such date is specified, the date that is the eighteen (18)-month anniversary of the applicable Distribution Date.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Service Location means a location at which a member obtains a covered service provided by a physician or other licensed practitioner of the healing arts under the terms of a contract.

  • Hire Period means the period commencing when the Customer holds the Hire Goods on hire (including Saturdays Sundays and Bank Holidays) and ending upon the happening of any of the following events:

  • Permitted Use , in relation to a property, means the limited purposes for which the property may be used in terms of –