Interval Interest definition

Interval Interest means an interest in the Bxxxxxx Xxxxx Mountain Club which interest entitles the owner to occupy, exchange, or rent a week or period in a resort unit at such resort on a reservation basis.
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Interval Interest means an interest in the Bentley Brook Mountain Club which interest entitles the owner to occupy, exchange, or rent a week or period in a resort unit at such resort on a reservation basis.
Sample 1Sample 2Sample 3

Examples of Interval Interest in a sentence

  • Each Owner (including Grantor) shall be fully discharged and relieved of liability on the covenants of this Agreement insofar as the same relate to his Interval Estate in a Unit upon ceasing to own any Interval Interest therein and paying all sums and performing al1 obligations in respect of such Interval Estate to the time his ownership interest is terminated.

  • Any mortgage, deed of trust or other encumbrances of any Interval Interest in the Unit shall be subordinate to all of the provisions of this Agreement, and in the event of foreclosure the provisions of this Agreement shall be binding upon any Owner whose title is derived through foreclosures by private power of sale, judicial foreclosure or otherwise.

  • Northoff G: Catatonia and neuroleptic malignant syndrome: psychopathology and pathophysiology.

  • Delivery by Northmont of the Certificate of Vacation Interval Interest to a lender constitutes delivery to a Buyer.

  • Also, you need to set Output Interface to “Auto” or select “TCP Server (Wi-Fi)”.

  • Each Interval Interest Owner may cast a vote by proxy as provided in these By-Laws.

  • However, linking to any other page of the website is strictly prohibited, in the absence of a separate agreement between you and ASES that clearly describes the rights and responsibilities of linking to other pages.

  • Business interruption insurance to pay for Alternate Accommodations for Interval Interest Owners prevented from exercising their right to use the Scottsdale/Camelback Resort or any portion thereof due to damage to or destruction of any Residence Unit, Furnishings, or Common Area.

  • Each Owner (including Grantor) shall be fully discharged and relived of liability on the covenants of this Agreement insofar as the same relate to his Interval Estate in a Unit upon ceasing to own any Interval Interest therein and paying all sums and performing all obligations in respect of such Interval Estate to the time his ownership interest is terminated.

  • This Declaration may be terminated at any time if all the Interval Interest Owners agree that this Declaration shall be terminated or if such other requirements as may be prescribed by law have been fulfilled.

Related to Interval Interest

  • Special Interest shall have the meaning assigned thereto in Section 2(c) hereof.

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Fractional Interest As defined in Section 5.02(d).

  • Additional Interest shall have the meaning set forth in Section 2(e) hereof.

  • Distributional interest means the right under an unincorporated entity’s organic law and organic rules to receive distributions from the entity.

  • Class B Additional Interest shall have the meaning specified in subsection 4.02(b).

  • Capital Interest means the proportion that a Member's positive Capital Account bears to the aggregate positive Capital Accounts of all Members whose Capital Accounts have positive balances as may be adjusted from time to time.

  • Personal interest means a financial benefit or liability accruing to a School Board member or employee or to a member of the immediate family of the School Board member or employee. Such interest shall exist by reason of

  • Class C Additional Interest is defined in Section 4.1(c).

  • Prospective International Interest means an interest that is intended to be created or provided for in an object as an international interest in the future, upon the occurrence of a stated event (which may include the debtor’s acquisition of an interest in the object), whether or not the occurrence of the event is certain;

  • Financial Interest means either:

  • Original Fractional Interest With respect to each of the following Classes of Subordinate Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 1.11% Class B-2 0.71% Class B-3 0.45% Class B-4 0.25% Class B-5 0.10% Class B-6 0.00% Original Subordinate Class Certificate Balance: $11,614,127.00.

  • Legitimate educational interest means the need for a school official to review an education record in order to fulfill his or her professional responsibilities.

  • Interest when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • registered interest means an international interest, a registrable non-consensual right or interest or a national interest specified in a notice of a national interest registered pursuant to Chapter V;

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • International Interest has the meaning ascribed to the defined term “international interest” under the Cape Town Treaty.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.