Timeshare Business definition

Timeshare Business has the meaning assigned to such term in the Distribution Agreement.

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Timeshare Business means the Vacation Ownership Business but specifically excluding the Fractional Business.

Timeshare Business means (i) the acquisition, development, operation, management and sale of Vacation Resorts, including, without limitation, VOIs and (ii) providing customers who purchase VOIs at Vacation Resorts financing for such purposes (collectively, together with any and all business that in the good faith judgment of the board of directors of the Corporation or Starwood Vacation are materially related to the foregoing).

Examples of Timeshare Business in a sentence

• To the extent not previously provided, PK and HGV shall (at their own cost and expense), to the extent that a Pre-Distribution Income Tax Return or HLT Straddle Income Tax Return includes items of that Party or its Affiliates, the Ownership Business (in the case of PK), or the Timeshare Business (in the case of HGV), prepare and provide or cause to be prepared and provided to HLT a Tax Package relating to such Tax Return.

• Any other Investment in any joint venture relating to the Timeshare Business but only to the extent permitted under the Credit Agreement or otherwise waived by the Lenders.

• Neither Starwood Vacation nor any of its Subsidiaries shall (and no Borrower shall permit Starwood Vacation or any of its Subsidiaries to) engage (directly or indirectly) in any business other than the Timeshare Business.

• In addition, Buyer shall, and shall cause CR Hotel to, support the Timeshare Business with respect to marketing on substantially the same basis as is currently being provided by Westin and the Hotel Business.

• Buyer and the Company shall endeavor to enter into written agreements which document the above referenced services, amenities and support currently provided to the Timeshare Business and Club Regi▇▇ ▇▇▇ the terms and conditions on which such services, amenities and support are currently provided.

More Definitions of Timeshare Business

Timeshare Business has the meaning given in paragraph 6 of Schedule 2.

Timeshare Business means the businesses conducted through the ownership, development, redevelopment and management of, the sale and financing of interests in, and the servicing of receivables with respect to timeshare properties by HLT or any other member of the HLT Group prior to the Effective Time, including, for the avoidance of doubt, the businesses of (i) the ownership, development, redevelopment and management of, the sale and financing of interests in, and the servicing of receivables with respect to the timeshare properties set forth on Schedule 1.1(107) hereto, (ii) any other division, Subsidiary, line of business or investment of HLT or any other member of the HLT Group managed or operated prior to the Effective Time by any Timeshare Entity, unless such other division, Subsidiary, line of business or investment is an Ownership Entity, an Ownership Asset, a HLT Retained Entity or a HLT Retained Asset and (iii) those business entities acquired or established by or for HGV or any other member of the HGV Group after the Effective Time.

Timeshare Business is defined in the Bancomer Agreement.

Timeshare Business means (i) the acquisition, development, operation, management and sale of Vacation Resorts, including, without limitation, VOIs and (ii) providing customers who purchase VOIs at Vacation Resorts financing for such purposes (collectively, together with any and all business that in the good faith judgment of the board of directors of the Corporation or Starwood Vacation are materially related to the foregoing). "TOTAL ALTERNATE CURRENCY REVOLVING LOAN SUB-COMMITMENT" at any time shall mean the sum of the Alternate Currency Revolving Loan Sub-Commitments of all the Alternate Currency Lenders; PROVIDED that at no time shall the Total Alternate Currency Revolving Loan Sub-Commitment exceed (x) $350,000,000 or, if less, (y) the Total Revolving Loan Commitment as then in effect.

Timeshare Business shall have the meaning assigned to such term in the Recitals to the Ninth Amendment.

Timeshare Business means the activity of offering, soliciting, negotiating or concluding timeshare contracts or points-based contracts and developing or managing a timeshare property;

Timeshare Business means all of the assets, business and operations of the Company relating to its vacation interval business.