Home Week Priority Period definition

Home Week Priority Period means, with respect to any particular Fixed Accommodation, the period beginning 396 days and ending 366 (approximately 13 to 12 months) days prior to the first day of occupancy of such Fixed Accommodation.
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Home Week Priority Period is designed to support a Member’s use of the Member’s Fixed Vacation Time. During the Home Week Priority Period, a Member who has Deposited Fixed Vacation Time for the then current Use Year has the exclusive right to reserve the use of that Fixed Vacation Time in that same Use Year, subject to the Network Documents. The Home Week Priority Period begins 396 days and ends 366 days (approximately 13 to 12 months) prior to the check in date of that Fixed Vacation Time. If a Member makes a Home Week Priority Period Exchange Request, it must be made for the full week, and the Member must use all of the RCI Points allocated to the Member’s account for the Use Year of that Fixed Vacation Time, otherwise additional fees will apply. Members may make a Home Week Priority Period Exchange Request outside of this period, however such requests are subject to availability on a first-come first served basis.
Sample 1Sample 2
Home Week Priority Period means, with respect to any particular Fixed Vacation Time, the period beginning 396 days and ending 366 days (approximately 13 to 12 months) prior to the first day of occupancy of such Fixed Vacation Time.
Sample 1Sample 2

Examples of Home Week Priority Period in a sentence

  • A Member may not make a Daily/Split Confirmed Exchange during the Home Week Priority Period and the Home Resort Priority Period.

  • The Home Week Priority Period begins 396 days and ends 366 days (approximately 13 to 12 months) prior to the check in date of that Fixed Vacation Time.

  • During the Home Week Priority Period, a Member who has Deposited Fixed Vacation Time for the then current Use Year has the exclusive right to reserve the use of that Fixed Vacation Time in that same Use Year, subject to the Network Documents.

  • The Network Administrator reserves the right to provide a different Home Week Priority Period, Home Resort Priority Period, Home Group Priority Period or Standard Reservation Period other than those specified in these Terms and Conditions for designated Resorts or specified Vacation Time.

  • Each Member acknowledges that, except for a Confirmed Exchange during the Home Week Priority Period, the unit of Inventory for which a Member receives a Confirmed Exchange is subject to change in the sole discretion of the Inventory provider or Points Partner and is not subject to RCI’s control, and may differ in assignment, unit size, design, furnishings, amenities, facilities and accessibility for individuals with disabilities from the unit of Inventory associated with such Member’s Vacation Ownership.

  • Members may make a Home Week Priority Period Exchange Request outside of this period, however such requests are subject to availability on a first-come first served basis.

  • The Home Week Priority Period is designed to support a Full Member’s use of his Fixed Accommodation.

  • The Home Week Priority Period is 396 days to 366 days (approximately 13 to 12 months) prior to the first day of occupancy of the Fixed Accommodation.

  • If a Member makes a Home Week Priority Period Exchange Request, it must be made for the full week, and the Member must use all of the RCI Points allocated to the Member’s account for the Use Year of that Fixed Vacation Time, otherwise additional fees will apply.

  • During the Home Week Priority Period, a Member who Deposited Fixed Accommodation has the exclusive right to reserve the use of that Accommodation, subject to the Network Documents.

Related to Home Week Priority Period

  • Security Period means the period commencing on the date of this Agreement and ending on the date on which the Agent notifies the Borrowers, the Security Parties and the other Creditor Parties that:

  • Facility Period means the period beginning on the date of this Agreement and ending on the date when the whole of the Indebtedness has been repaid in full and the Security Parties have ceased to be under any further actual or contingent liability to the Finance Parties under or in connection with the Finance Documents.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Penalty Period has the meaning set forth in Section 6.3.

  • priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;

  • Senior Priority Obligations means the Original First Lien Obligations and any Additional Obligations constituting Senior Priority Debt.

  • Benchmark Unavailability Period means, the period (if any) (a) beginning at the time that a Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.23 and (b) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.23.

  • Junior Priority Obligations means the Original Second Lien Obligations and any Additional Obligations constituting Junior Priority Debt.

  • Second Priority Principal Payment means, for a Payment Date, the greater of:

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Lender shall have been made).

  • Leave application date means the date on which a person granted stateless leave made an application to remain in the UK as a stateless person under the immigration rules (within the meaning given in section 33(1) of the Immigration Act 1971).

  • Second Priority Debt means any Indebtedness of the Borrower or any other Grantor guaranteed by the Guarantors (and not guaranteed by any Subsidiary that is not a Guarantor), including the Initial Second Priority Debt, which Indebtedness and guarantees are secured by the Second Priority Collateral on a pari passu basis (but without regard to control of remedies, other than as provided by the terms of the applicable Second Priority Debt Documents) with any other Second Priority Debt Obligations and the applicable Second Priority Debt Documents which provide that such Indebtedness and guarantees are to be secured by such Second Priority Collateral on a subordinate basis to the Senior Debt Obligations (and which is not secured by Liens on any assets of the Borrower or any other Grantor other than the Second Priority Collateral or which are not included in the Senior Collateral); provided, however, that (i) such Indebtedness is permitted to be incurred, secured and guaranteed on such basis by each Senior Debt Document and Second Priority Debt Document and (ii) except in the case of the Initial Second Priority Debt hereunder, the Representative for the holders of such Indebtedness shall have become party to this Agreement pursuant to, and by satisfying the conditions set forth in, Section 8.09 hereof. Second Priority Debt shall include any Registered Equivalent Notes and Guarantees thereof by the Guarantors issued in exchange therefor.

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Second Priority Obligations means (a) with respect to the Existing Second Priority Agreement, all “Secured Obligations” of each Loan Party as defined in the “Security Agreement” referred to in the Existing Second Priority Agreement and (b) with respect to each other Second Priority Agreement, (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all indebtedness under such Second Priority Agreement, and (ii) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable Second Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any Second Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any First Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties hereunder, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • First Priority Principal Payment means, for a Payment Date, the greater of:

  • Failed Bank Charge-Offs/Write-Downs means, with respect to any Shared- Loss Asset, an amount equal to the aggregate amount of reversals or charge-offs of Accrued Interest and charge-offs and write-downs of principal effected by the Failed Bank with respect to that Shared-Loss Asset as reflected on the Accounting Records of the Failed Bank.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Priority Payables means, as of any date of determination: (a) the full amount of the liabilities of any Borrower at such time which, except for liabilities associated with Permitted Encumbrances (i) have a trust, deemed trust or statutory lien imposed to provide for payment or a security interest, pledge, hypothec, charge or other Lien ranking or capable of ranking senior to or pari passu with the Liens granted to Agent on the Collateral under federal, provincial, municipal or local law in Canada or (ii) have a right imposed to provide for payment ranking or capable of ranking senior to or pari passu with such Obligations under local or federal law, regulation or directive, including, but not limited to, claims for unremitted and/or accelerated rents, taxes (including sales tax, goods and services taxes, harmonized sales taxes and withholding taxes), wages, withholding taxes, VAT and other amounts payable to an insolvency administrator, employee withholdings or deductions and vacation pay, severance and termination pay, workers’ compensation obligations, government royalties, pension fund obligations or any amounts representing any unfunded liability (whether or not due), solvency deficiency or wind up deficiency with respect to any defined benefit plan for Canadian employees which could become subject to a trust, deemed trust or statutory lien, in each case, to the extent such trust, deemed trust, statutory lien, security interest, hypothec, charge or other Lien has been or could reasonably be expected to be imposed as determined by Agent in its sole discretion; and (b) the amount equal to the percentage applicable to Inventory located in Canada that is part of the Formula Amount which Agent, in its Permitted Discretion, considers as being, or is reasonably likely to become, subject to retention of title by a supplier or a right of a supplier to recover possession thereof, where such supplier’s right has priority over Agent’s Liens securing such Obligations, including, without limitation, Eligible Inventory subject to a right of a supplier to repossess goods pursuant to Section 81.1 of the Bankruptcy and Insolvency Act (Canada) or any applicable laws granting revendication or similar rights to unpaid suppliers or any similar laws of Canada or any other applicable jurisdiction.

  • Dominion Period has the meaning given to such term in the Intercreditor Agreement.

  • Priority area means the portions of the qualified incentive area

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Second Priority Debt Obligations means the Initial Second Priority Debt Obligations and, with respect to any series, issue or class of Second Priority Debt, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Second Priority Debt, (b) all other amounts payable to the related Second Priority Debt Parties under the related Second Priority Debt Documents and (c) any renewals or extensions of the foregoing.