Reservation System definition

Reservation System means the Contributor's Reservation Terminal and Reservation System equipment and software, if any.
Reservation System means the reservation system utilized by the Club and owned by the Club Managing Entity or the services contracted by the Club Managing Entity with a third party.
Reservation System means the method, arrangement or procedure in which a purchaser, in order to reserve the use or occupancy of any accommodation of a multisite timeshare plan for one or more timeshare periods, is required to compete with other purchasers in the same multisite timeshare plan, regardless of whether the reservation system is operated and maintained by the multisite timeshare plan managing entity, an exchange company or any other person. If a purchaser is required to use an exchange program as the purchaser's principal means of obtaining the right to use and occupy accommodations, that arrangement is a reservation system. Reservation system does not include the use by an exchange company of a mechanism for the exchange of use of timeshare periods among members of an exchange program.

Examples of Reservation System in a sentence

  • Notwithstanding the foregoing, should the Club Managing Entity determine that it is desirable to replace the existing hardware and software related to the Reservation System, it will be allowed to enter into a lease or finance arrangement in connection with the lease or purchase of such hardware and software.

  • PIA will regularly monitor the activities of the GSA who has been given access to PIA’s Reservation System, to ensure compliance with the Code and procedures laid down by PIA.

  • In order to access buildings outside of the regular building hours, the Union will follow the stated District Facilities Reservation System.

  • Must be proficient in the Epitome Reservation System and property Management System.

  • Reservations are to be made on-line through the Internet Loan Reservation System.


More Definitions of Reservation System

Reservation System means the reservation system operated by Diamond Resorts International Club, Inc. (d/b/a THE Club®), a Florida corporation, and any other system(s) pursuant to which reservations for particular locations, times,lengths of stay and unit types at Resorts with respect to Points-Based Property are received, accepted, modified or canceled.
Reservation System means the method or arrangement which purchasers are required to utilize in order to reserve the use and occupancy of accommodations in a timeshare plan.
Reservation System means any interest of Crow in any ------------------ reservation terminal and reservation system equipment and software related to the Hotel.
Reservation System means the Sellers' Reservation Terminal and ------------------- Reservation System equipment and software (other than the LTD Management proprietary system), if any.
Reservation System means the centralized reservation system for all Resorts.
Reservation System means any reservation system designated by Franchisor for System Hotels (including Software, Hardware and related electronic access).
Reservation System means the method, arrangement, or procedure by which a purchaser, in order to reserve the use or occupancy of any accommodation of a multisite time-share plan for one or more time-share periods, is required to compete with other purchasers in the same multisite time-share plan, regardless of whether the reservation system is operated and maintained by the multisite time-share plan managing entity, an exchange company, or any other person. If a purchaser is required to use an exchange program as the purchaser’s principal means of obtaining the right to use and occupy accommodations in a multisite time-share plan, that arrangement shall be deemed a reservation system. When an exchange company utilizes a mechanism for the exchange of use of time-share periods among members of an exchange program, that utilization is not a reservation system of a multisite time-share plan.