Use Year definition

Use Year means a calendar year or other period established by The Club Operating Company for each membership type during which a Member’s periodic allocation of Points received upon payment of the Club Dues for that period must be used in accordance with the Club Rules unless the Member has borrowed orsaved such Points to the extent permitted under the Club Rules. The period established as the Use Year may vary for different membership types.

Use Year means an annual recurring twelve (12) month period.

Use Year means, with respect to an Original Vacation Plan or a Regular Vacation Plan, a calendar year, commencing January 1st. With respect to a Biennial Vacation Plan, “Use year” shall mean the alternate one (1)-calendar year period commencing in either an even-numbered or odd-numbered calendar year, depending upon the owner’s choice at the time the Biennial Vacation Plan was purchased. Each Biennial Vacation Plan entitles its owner to only one (1) Use Week every two (2) calendar years.

Examples of Use Year in a sentence

• The Use Year shall continue for successive twelve (12) month periods for so long as the Vacation Ownership Plan continues.

• A Home Resort Priority Period Exchange Request must be for the same unit type, season, and number of Points using only those Points allotted in the current Use Year for the Vacation Time used to make the Exchange Request.

• The Member may borrow RCI Points from the next Use Year so long as that Use Year is within the term of the Member’s Network Participation Agreement and the Member’s Network Dues have been paid in full through the end of such Use Year.

• In order to make a Reservation for use of particular Vacation Time or of a Unit of Partner Inventory during any Use Year, a Member may only use RCI Points allocated in that Use Year and any RCI Points saved, borrowed, transferred or rented in or into that Use Year.

• The Purchaser must designate a Benefit Use Year for the Beneficiary of a Contract.

More Definitions of Use Year

Use Year means a calendar year or other period established by Operating Company for each membership type during which a Member may deposit the Use Rights associated with the Member’s Qualifying Interest for inclusion in the Exchange Pool in accordance with these Terms and Conditions. The period established as the Use Year may vary for different membership types and may vary from the period set in a given Member’s Home Resort’s governing documents for the use or redemption of his or her Use Rights relating to his or her Qualifying Interest.

Use Year as defined in Section 11.1:

Use Year means each the calendar year in which a Use Period begins according to; provided, however, that in the event a Use Period is shown on the Use Period Calendar to occur in two calendar years, then Use Year shall refer to each such calendar year.

Use Year means, in relation to a Member (other than a Getaway Points Class Member), each consecutive period of 12 months commencing on the Use Year Start Date and ending on the Use Year End Date;

Use Year means each Financial Year (1 March to the final day of February) throughout the duration of the Scheme. Terms which are used but not defined in these Rules, but which are defined in the Sale Agreement or the Use Agreement, shall have the meaning ascribed to them in the Sale Agreement or the Use Agreement, as the case may be, for purposes of these Rules.

Use Year means, for so long as the Club continues in force and effect, the 12month period beginning on the 1st day of January and ending on the 31st day of December of each year.

Use Year means the calendar year in which a Use Period begins according to the Use Period Calendar.‌