Member Resort definition
Examples of Member Resort in a sentence
Failure to secure a Guest Certificate where required for a guest of the Member when the Member does not plan to occupy the Host Accommodation (including instances where the Member has been issued Confirmations for multiple units having the same travel dates at the same Member Resort) or obtaining Guest Certificates that are used for commercial purposes may result in termination of the membership and cancellation of any existing Confirmations, including those with future travel dates.
II reserves the right to limit the number of Getaway Confirmations issued to a particular Member in any particular year and to limit the number of units confirmed to a Member for any given Member Resort or for any given travel dates.
A Member Resort will be listed as unavailable for occupancy until such time as II determines that such resort’s units, amenities and facilities are sufficiently complete to be desirable for exchange.
While a Member Resort is suspended, processing of new memberships, membershiprenewals, exchange deposits and requests and other benefits and services may be temporarily halted.
Surplus attributable to the Condominium shall be applied to the following year’s Condominium budget; surplus attributable to the Non- Condominium Member Resort Facilities budget shall be applied to the following year’s Non-Condominium Member Resort Facilities budget.
Moe,Deputy Chief Counsel, Department ofthe Treasury, MT Annex, 1500 Pennsylvania Avenue NW.,Washington, DC 20220 Phone: 202 622-2410RIN: 1505–AA59These programs were authorized by theCommunity Development Banking and Financial Institutions Act of 1994.
The Company reserves the right to re -evaluate the Seasonality Codes of all Member Resorts from time to time and to adjust the Seasonality Codes based on the Company’s analysis of the demand by Members for occupancy in each Member Resort.
All Seasonality Codes at each Member Resort are designated as either “Holiday” (red), “Prime” (yellow), “Secret” (green), “Peace and Quiet” (blue).
The Company reserves the right to limit and/or decline the number of Occupancy Periods deposited from each Member Resort in order to match the supplyof Occupancy Periods with the anticipated reservation demand.
There shall be no additions or alterations to the Common Elements or Limited Common Elements of the Condominium, the Common Amenities or the Common Areas of the Member Resort Facilities which this Association operates and maintains except as specifically provided for in the Declarations.