Floating Week definition

Floating Week is defined in Section 2.05(c);
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Floating Week means each Owner shall also have the right to reserve on a priority basis and then use that Owner’s Assigned Cottage for another four (4) weeks of the calendar year. Floating Weeks consist of a Winter Week, a Spring Week, a Fall Week and one (1) Additional Week. That Use Period will be that Owner’s “Assigned Floating Use Period”. The additional week period will consist of the two (2)-week public school Christmas break in the City of Toronto, the one (1)-week spring public school break in the City of Toronto, the seven
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Floating Week means each Owner shall also have the right to reserve on a priority basis and then use that Owner’s Assigned Cottage
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Examples of Floating Week in a sentence

  • But without an Owner’s consent, his/her ownership share, Fixed or Floating Week rights, cannot be changed.

  • The system would come up with sector specific formula for disbursing sector resources directly to the local authorities in accordance with the principle of “Finance follows Function” and as guided by the Decentralisation Implementation Plan 2021-2025.

  • During the Home Resort Preference Period (Float), Club Members who have the right to reserve a Floating Week or Floating Split Week at their Home Resort may exercise an exclusive priority right to reserve the use of any available Floating Week or Floating Split Week in their unit type at their Home Resort on a first come, first served basis.

  • The Club Use Period (Float) begins on the day after the expiration of the Home Resort Preference Period (Float), or upon earlier relinquishment of the Home Resort Preference Period (Float) rights, and ends on the day before the first day of use of the last Floating Week or the Week containing the last Floating Split Week in a given season.

  • If a Club Member intends to extend the Member’s opportunity to make an external exchange request beyond the end of the External Exchange Period during a given Reservation Window for a Floating Week, the Member must notify the Club of such intention no later than the end of the Home Resort Preference Period (Float).

  • If a Club Member desires to use the Member’s Club Points to reserve a Week or Split Week -- other than the reservation of a Floating Week or Floating Split Week during the Home Resort Preference Period (Float) -- such Week or Split Week must be available during the Club Use Period or the Limited Club Use Period.

  • The dependent variable whose solution we seek is con- ventionally taken to be the configuration.

  • The form, terms and content of the Preliminary Official Statement are in all respects authorized, approved and confirmed, and the use of the Preliminary Official Statement and of the final Official Statement by the Underwriter in connection with the sale of the Bonds is hereby in all respects authorized, approved and confirmed.

  • During the Home Resort Preference Period (Float) Club Members having the right to reserve a Floating Week or Floating Split Week at their Home Resort may exercise an exclusive priority right to compete with other Club Members having the right to reserve a Floating Week or Floating Split Week at the same Home Resort to reserve the use of available FloatingWeeks or Floating Split Weeks on a first come, first served basis, subject to any limitations imposed by the Club Documents or the Resort Documents.

  • During the Home Resort Preference Period (Float) Club Members having the right to reserve a Floating Week or Floating Split Week at their Home Resort may exercise an exclusive priority right to compete with other Club Members having the right to reserve a Floating Week or Floating Split Week at the same Home Resort to reserve the use of available Floating Weeks or Floating Split Weeks on a first come, first served basis, subject to any limitations imposed by the Club Documents or the Resort Documents.


More Definitions of Floating Week

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 the Cottages” is defined in Section 10.01; “Partial Taking” is defined in Section 10.01; “Partial Taking Not Affecting the Cottages” is defined in Section 10.01; “Personal Charges” is defined in Section 6.02(e); “Proceeds” is defined in Section 6.18; “Project” mean...
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Floating Week means each Owner shall also have the right to reserve on a priority basis and then use that Owner’s Assigned Cottage for another four (4) weeks of the calendar year. Floating Weeks consist of a Winter Week, a Spring Week, a Fall Week and one (1) Additional Week. That Use Period will be that Owner’s “Assigned Floating Use Period”. The additional week period will consist of the two (2)-week public school Christmas break in the City of Toronto, the one (1)- week spring public school break in the City of Toronto, the seven (7) off-season weeks and one (1) maintenance week (leaving ten (10) available use weeks). Floating Weeks begin and end on Fridays and at the check-in /check-out times specified in an Owner’s Purchase Contract. Floating Weeks must be reserved each calendar year prior to the Thanksgiving weekend for the next calendar year or upon availability. Choice of Floating Weeks will be determined annually for Owners by referencing the Inaski Shores Interval Rotational Chart. Owner placement on this chart is determined at the time of purchase.
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Floating Week means a Unit Week that is not designated as to a particular Unit within a Unit Type or as to a particular week of the Use Week Calendar during a Season. The specific Unit and Use Period will be assigned pursuant to the reservation procedures specified in the Rules and Regulations.
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Floating Week means each Owner shall also have the right to reserve on a priority basis and then use that Owner’s Assigned Cottage for another four (4) weeks of the calendar year. Floating Weeks consist of a Winter Week, a Spring Week, a Fall Week and one (1) Additional Week. That Use Period will be that Owner’s “Assigned Floating Use Period”. The additional week period will consist of the two (2)-week public school Christmas break in the City of Toronto, the one (1)-week spring public school break in the City of Toronto, the seven (7) off-season weeks and one (1) maintenance week (leaving ten (10) available use weeks). Choice of Floating Weeks will be determined annually for Owners by referencing the Inaski Shores Interval Rotational Chart. Owner placement on this chart is determined at the time of purchase.
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Related to Floating Week

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • Quarterly Floating Rate Period means, for the initial Quarterly Floating Rate Period, the period commencing on September 20, 2018 and ending on and including December 19, 2018, and thereafter the period from and including the day immediately following the end of the immediately preceding Quarterly Floating Rate Period to but excluding the next succeeding Quarterly Commencement Date.

  • Floating Interest Rate means: (a) initially Three-Month Term SOFR (as defined below). (b) Notwithstanding the foregoing clause (i) of this Section 2(b): (i) If the Calculation Agent, determines prior to the relevant Floating Interest Determination Date that a Benchmark Transition Event and its related Benchmark Replacement Date (each of such terms as defined below) have occurred with respect to Three-Month Term SOFR, then the Company shall promptly provide notice of such determination to the Holders and Section 2(c) (Effect of Benchmark Transition Event) will thereafter apply to all determinations, calculations and quotations made or obtained for the purposes of calculating the Floating Interest Rate payable on the Subordinated Notes during a relevant Floating Interest Period. (ii) However, if the Calculation Agent, determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR, but for any reason the Benchmark Replacement has not been determined as of the relevant Floating Interest Determination Date, the Floating Interest Rate for the applicable Floating Interest Period will be equal to the Floating Interest Rate on the last Floating Interest Determination Date for the Subordinated Notes, as determined by the Calculation Agent (as defined below). (iii) If the then-current Benchmark is Three-Month Term SOFR and any of the foregoing provisions concerning the calculation of the interest rate and the payment of interest during the Floating Interest Period are inconsistent with any of the Three-Month Term SOFR Conventions determined by the Company, then the relevant Three-Month Term SOFR Conventions will apply.

  • Floating Rate means, for any day, a rate per annum equal to (i) the Alternate Base Rate for such day plus (ii) the Applicable Margin, in each case changing when and as the Alternate Base Rate changes.

  • Floating Day Count Fraction means, in respect of the calculation of an amount of interest for any Interest Period:

  • Floating Swap Payment With respect to any Distribution Date, a floating amount equal to the product of (i) Swap LIBOR, (ii) the related Base Calculation Amount (as defined in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the numerator of which is the actual number of days elapsed from and including the previous Floating Rate Payer Payment Date (as defined in the Interest Rate Swap Agreement) to but excluding the current Floating Rate Payer Payment (or, for the first Floating Rate Payer Payment Date, the actual number of days elapsed from the Closing Date to but excluding the first Floating Rate Payer Payment Date), and the denominator of which is 360.

  • Floating Rate Interest Period means, during the Floating Rate Period, the period beginning on (and including) a Floating Rate Period Interest Payment Date and ending on (but excluding) the next succeeding Floating Rate Period Interest Payment Date; provided that the first Floating Rate Interest Period will begin on (and include) April 18, 2025 and will end on (but exclude) the first Floating Rate Period Interest Payment Date.

  • Floating Amount means, for any Payment Date an amount equal to the floating amount payable by the Swap Counterparty to the Issuer for such date pursuant to the Interest Rate Swap.

  • Interest Reset Period The period beginning on the applicable Reset Date and ending on the calendar day preceding the next Reset Date.

  • Interest Day Count Convention For any Series or Class of Notes, the fraction specified in the related Indenture Supplement to indicate the number of days counted in an Interest Accrual Period divided by the number of days assumed in a year, for purposes of calculating the Interest Payment Amount for each Interest Accrual Period in respect of such Series or Class.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Reset Period means the First Reset Period or a Subsequent Reset Period, as the case may be;

  • Rate Period has the meaning set forth in the Statement.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.

  • Floating Quarterly Dividend Rate means, for any Quarterly Floating Rate Period, the rate of interest (expressed as a percentage rate rounded down to the nearest one hundred-thousandth of one percent (with 0.000005% being rounded up)) equal to the sum of the T-Bill Rate on the applicable Floating Rate Calculation Date plus 1.60% (calculated on the basis of the actual number of days elapsed in such Quarterly Floating Rate Period divided by 365).

  • Floating Rate Interest Payment Date has the meaning set forth in clause (d)(1) of Section 2.02 of this Supplemental Indenture.

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

  • Fixed Rate Interest Period means the period beginning on (and including) the Issue Date and ending on (but excluding) the first Fixed Rate Interest Payment Date, and each successive period beginning on (and including) a Fixed Rate Interest Payment Date and ending on (but excluding) the next succeeding Fixed Rate Interest Payment Date.

  • 5-year Mid-Swap Rate means, in relation to a Reset Interest Period and the Reset Rate of Interest Determination Date in relation to such Reset Interest Period:

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • LIBOR Total Spread means, for each Interest Period: (A) three-fourths of one percent (3/4 of 1%); (B) minus (or plus) the weighted average margin, for such Interest Period, below (or above) the London interbank offered rates, or other reference rates, for six-month deposits, in respect of the Bank’s outstanding borrowings or portions thereof allocated by the Bank to fund single currency loans or portions thereof made by it that include the Loan; as reasonably determined by the Bank and expressed as a percentage per annum.

  • First Reset Period means the period from (and including) the First Reset Date until (but excluding) the Second Reset Date or, if no such Second Reset Date is specified in the applicable Final Terms, the Maturity Date;

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;