Exchange User definition

Exchange User means the person who receives, through an Exchange Program the right to use a Cottage during a Use Period; “Expropriation” is defined in Section 10.01;

Exchange User means a person who is occupying a Fractional Ownership Hotel unit for Exchange Use.

Exchange User means an owner of a time period in another time sharing program who occupies a Villa pursuant to an Exchange Program.

Examples of Exchange User in a sentence

• Exchange User Fees: There are no applicable exchange user fees since the rates in this filing are not offered on the Federal Marketplace.

• Exchange User FeesThere are no plans included in this filing that are offered on the exchange.

• These are discussed above in the ‘Non-Benefit Expenses and Profit & Risk’ section, excluding the Risk Adjustment User Fee, and the Exchange User Fee, which are reflected in the Market-Adjusted Index Rate.

• For calculations in your supporting exhibits requiring one of these amounts, such as the Exchange User Fee input for URRT Worksheet 1 Section II, please use and reference the applicable amount(s) calculated in the URRT.

• Notwithstanding Exchange’s execution and delivery to User of a copy of this Agreement, if User is a Sponsored Participant, and not a member of Exchange, as a condition to initiating and continuing access to Exchange, User must enter into and maintain customer agreements with one or more sponsoring members of Exchange establishing proper relationship(s) and account(s) through which User may trade on Exchange.

More Definitions of Exchange User

Exchange User means the person who receives, through an Exchange Program the right to use a Cottage during a Use Period; “Expropriation” is defined in Section 10.01; “Fixed Week” is defined in Section 2.05(c); "Fixed Cottage Right” is defined in Section 2.05(a); “Floating Week” is defined in Section 2.05(c); “Improvement” is defined in Section 3.07; “Infringing Owner” is defined in Section 5.04; “Injured Person” means every Owner, Exchange User or Occupant who cannot use a Cottage because of an Act of Trespass or Vandalism. There can be several Injured Persons. For example, a Cottage may be damaged so that it cannot be used for later Use Periods. Each person who had the right to use the Cottage during later Use Periods would be an Injured Person; “Interval Identification Number” is defined in Section 2.01; “Interval No.” means the number of the Interval from 1 to 10 created in each Cottage which sets the order by which Floating Weeks may be reserved; “Interval Ownership” or simply an “Interval” are inter-changeable terms and mean: (i) membership in the Association ; plus (ii) the right to reserve on a priority basis and then use for five (5) separate one (1) week periods: (A) a specific Cottage and that Cottage only every calendar year; (B) one (1) Fixed Week during the prime summer period every calendar year; and (C) four (4) Floating Weeks every calendar year, one (1) in the Spring Season, one (1) in the Fall Season, one (1) in the Winter Season and one (1) Additional Week; plus (iii) the obligation to pay one (1) Share of the Association Expenses. These three (3) parts of an Interval are indivisible; “Major Service Period” is defined in Section 2.02; “Minor Service Period” is defined in Section 2.02; “New Owner” is defined in Section 3.01; “Occupant” means each Owner, Exchange User, Renter and Visitor when they are on any part of the Property. It also includes the Visitor of an Occupant who is not an Owner or Exchange User; “One Share” is defined in Section 6.02(b); “Owner” means a person who from time to time is an Owner of an Interval (and a member of the Association ) who has become a party to this Agreement, either by being an original party, or by being a New Owner pursuant to the Transfer Agreement attached as Exhibit "B"; “Owner’s Purchase Contract” means the Agreement of Purchase and Sale whereby and Owner acquired that Owner’s Interval(s) from the Association ; “Partial Destruction of Cottages” is defined in Section 10.01; “Partial Destruction Not Affecting ...

Exchange User means a User who has entered into an Exchange User Agreement with the Exchange.

Exchange User means an owner of a time period in another program who occupies a Unit and uses the Common Areas pursuant to an Exchange Program.

Exchange User means any individual who occupies a Club Accommodation pursuant to an exchange through an Exchange Program.

Exchange User means an owner of a time period in another time sharing program who occupies Unit and uses the Common Areas pursuant to an Exchange Program approved by CIT.

Exchange User means an owner of rights in another project who, pursuant to an Exchange Program, occupies a Villa and uses the Common Area.

Exchange User. Means an owner of a use period in another exchange program or resort who may exchange time in another resort for use of Use Period(s) in the Club Projects pursuant to an Exchange Program.