Timeshare interval definition

Timeshare interval or "timeshare interest" means the right, however evidenced or documented, to use and occupy one or more timeshare units on a periodic basis according to an arrangement allocating such use and occupancy rights between similar users.
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Timeshare interval means (i) (A) an estate for years in and to any Unit which shall confer an exclusive right to use, occupy and possess such or any other similar Unit for a stipulated week or a week in a stipulated season, together with a vested remainder as a tenant in common in such Unit at the end of such estate for years, all as more particularly provided for by the Declarations and the other Timeshare Documents in respect of such Unit or (B) a freehold estate in any Unit created by the Declarations and the other Timeshare Documents in respect of such Unit, which freehold estate shall entitle the owner thereof to the exclusive use and occupancy of one of the 51 annually recurring weekly timeshare periods or a week in a stipulated season established and designated in said Declarations in respect of such Unit or any other similar Unit and (ii) the proportionate interest in the Common Amenities related to such Unit, as set forth in the Declarations. TITLE INSURANCE POLICY {BLANKET} -- as defined in Section 5.12 hereof.
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Timeshare interval means (i) (A) an estate for years in and to any Unit which shall confer an exclusive right to use, occupy and possess such or any other similar Unit for a stipulated week or a week in a stipulated season, together with a vested remainder as a tenant in common in such Unit at the end of such estate for years, all as more particularly provided for by the Declarations and the other Timeshare Documents in respect of such Unit or (B) a freehold estate in any Unit created by the Declarations and the other Timeshare Documents in respect of such Unit, which freehold estate shall entitle the owner thereof to the exclusive use and occupancy of one of the 51 annually recurring weekly timeshare periods or a week in a stipulated season established and designated in said Declarations in respect of such Unit or any other similar Unit and (ii) the proportionate interest in the Common Amenities related to such Unit, as set forth in the Declarations. Title Insurance Policy -- as defined in Section 5.12 hereof.
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Examples of Timeshare interval in a sentence

  • Timeshare interval" or "timeshare interest" means the right, however evidenced or documented, to use and occupy one or more timeshare units on a periodic basis according to an arrangement allocating such use and occupancy rights between similar users.

  • Timeshare interval sales accounted for US$ 5.1 billion while point sales only amounted to US$1.0 billion.


More Definitions of Timeshare interval

Timeshare interval means a timeshare share membership in the Xxxx'x Ranch Lodge or the property otherwise secured by the Deed of Trust, subject to the rights, privileges, and obligations to be set forth in the Timeshare Documents (as defined herein).
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Timeshare interval means the right to use, or deeded ownership right with respect to, a Unit, in each case for one week.
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Timeshare interval means the time period during which a timeshare owner has the exclusive right to use and occupy the living unit.
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Timeshare interval or "timeshare interest" means the right, however evidenced or documented,
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Related to Timeshare interval

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Park model recreational vehicle means a unit that:

  • Intervening Trust Vehicle with respect to any Securitization Vehicle that is a CDO, shall mean a trust vehicle or entity that holds any Note as collateral securing (in whole or in part) any obligation or security held by such Securitization Vehicle as collateral for the CDO.