Examples of External Exchange Company in a sentence
Upon termination or expiration of the Interval Affiliation Agreement, Developer, subject to its reasonable business judgment as to availability, economic feasibility, and the best interests of the Vacation Owners as a whole, may enter into another agreement of short or long duration with Interval or with another External Exchange Company so that Vacation Owners will have the opportunity to avail themselves of an External Exchange Program.
In order to increase the range of options available to Club Members, HVGG has arranged for an “External Exchange Program.” This program currently consists exclusively of an exchange agreement between HVGG and Interval International, as the External Exchange Company, under which HVGG is a “corporate member” on behalf of all Club Members.
Availability of accommodations within the External Exchange Company’s system is entirely dependent upon the Vacation Ownership Interests from various member resorts that are deposited into the External Exchange Company’s system by other members of the External Exchange Company system from time to time.
Thus, an HPC Club Owner can have no assurance that the External Exchange Company will be able to provide the Owner with an accommodation that meets the Owner’s needs and desires when the Owner wants it or at a particular time.
External Exchange Program shall mean the contractual arrangement between the Reservation Services Operator or the Trust Association and an External Exchange Company or Companies under which HPC Club Owners may reserve, under certain conditions, the use of accommodations in resorts other than Component Sites.
Club Members exchanging into Club Resorts or Affiliate Resorts may be required to pay additional mandatory charges for certain amenities and services as may be determined by the Club Manager and the applicable Club Resort’s Managing Entity, upon approval of the External Exchange Company, including, but not limited to, certain food and beverage services.
The HPC Club Owner may also be asked to designate more than one alternative set of exchange requests, as required by the External Exchange Company from time to time, in order to increase the Owner’s chances of getting a desired exchange.
The Club Member may also be asked to designate more than one alternative set of exchange requests, as required by the External Exchange Company from time to time, in order to increase the Member’s chances of getting a desired exchange.
Thus, a Club Member can have no assurance that the External Exchange Company will be able to provide the Owner with an accommodation that meets the Club Member’s needs and desires when the Club Member wants it or at a particular time.
All rules and regulations which apply to the use of Club accommodations and facilities by Club Members shall also apply to users of such accommodations and facilities through the External Exchange Company.