Vacation Points definition

Vacation Points. As defined in the Club Trust Agreement.
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Vacation Points the value placed upon a nightly or weekly occupancy of a timeshare unit pursuant to the terms of the Purchase Contract, which value may be set forth within the Demand Balancing Standard (as defined in the Vacation Club Trust Agreement).
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Vacation Points shall have the meaning specified in the Club Trust Agreement. Schedule I With respect to each Warehouse Timeshare Loan, as of the related Closing Date or Transfer Date, as applicable:
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Examples of Vacation Points in a sentence

  • Exhibit 0 - Public Offering Statement Text• Paragraph 1b was updated to reflect the number of declared Vacation Points, 4,032,200.• Paragraph 4a was updated to reflect Copper Creek Villas & Cabins at Disney’s Wilderness Lodge since July 2017.

  • DVD shall have the right to use Vacation Points and any of the DVC Accommodations assigned to it, to assign or transfer use of reserved DVC Accommodations to any other person, or to rent reserved DVC Accommodations to any other person and retain the proceeds of such rental.

  • For the purpose of comparing relative occupancy value for PreOpening Accommodations and establishing the basis upon which DVD will accept the Member’s Vacation Points and any reserved DVC Accommodations, DVD has established a “PreOpening Point” value for each PreOpening Resort in the PreOpening Program for each day of the year, as set forth in a PreOpening Point chart (the “PreOpening Point Chart”).

  • By making and receiving a confirmed reservation for PreOpening Accommodations, the Member irrevocably assigns to DVD all occupancy and use rights associated with the “Vacation Points” allotted to a Member’s Ownership Interest in the Disney Vacation Club® and with the DVC Resort accommodations reserved with such Vacation Points (“DVC Resort Accommodations”).

  • Occupancy of PreOpening Accommodations must occur in the Use Year during which the Vacation Points or reserved DVD Accommodations assigned to DVD may be used or occupied.

  • The Trust agrees that it will cooperate with Bluegreen to facilitate the remarketing of Intervals and Vacation Points relating to a Defaulted Receivable pursuant to Section 6.3(r).

  • The Bluegreen Vacation Club Trust has filed all required tax returns and has paid all taxes shown to be due and payable on such returns, including all taxes in respect of sales of Owner Beneficiary Rights (as defined in the Club Trust Agreement) and Vacation Points.

  • DVD reserves the right, but is under no obligation, to extend and/or increase the amount of this guarantee for one (1) or more periods of one (1) year each after the expiration of this guarantee period on December 31, 2023, as permitted by Florida law.The 2023 annual assessment (exclusive of Ad Valorem Real Estate Taxes) will be calculated by multiplying the number of Vacation Points associated with your Ownership Interest by $6.6127 per Vacation Point.

  • If a Member and/or Guest wish(es) to reserve PreOpening Accommodations before or after the time period reserved through the Program and without assigning Vacation Points or reserved DVC Accommodations to DVD, a separate reservation(s) must be made and all charges and expenses, including the cost of the reserved PreOpening Accommodations and all resort, occupancy, and sales tax associated with such occupancy, shall be the responsibility of the Member and/or Guest(s) occupying the PreOpening Accommodations.

  • Owner Beneficiary: the Purchaser under the Purchase Contract who purchases Timeshare Inventory in the Timeshare Project pursuant to such Purchase Contract and is thereby designated an Owner Beneficiary under the terms of the Vacation Club Trust Agreement and entitled to exercise Owner Beneficiary Rights with appurtenant Vacation Points.


More Definitions of Vacation Points

Vacation Points the value placed upon a nightly or weekly occupancy of a timeshare unit pursuant to the terms of the Purchase Contract, which value may be set forth within the Demand Balancing Standard (as defined in the Vacation Club Trust Agreement).  Xxxx Financial: Xxxx Financial Company, a Pennsylvania corporation.  6284.345.1224403.10 14 4/16/2018 WARN Act: Worker Adjustment and Retraining Notification Act or any state law analogue.  Warranties: all rights, titles and interests in and to all bonds, guarantees and warranties, if any, issued by any manufacturer or contractor in connection with construction or installation of equipment or any component of the Improvements included as part of the Transferred Property.
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Vacation Points means the value, expressed in "points," placed upon nightly or weekly occupancy of a Unit pursuant to the terms of an Owner Agreement, which are an appurtenance to Owner Beneficiary Rights and not separable from them; Vacation Points shall include biennial vacation points where such inclusion in the definition is appropriate.
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Vacation Points means with respect to a Bluegreen Timeshare Loan, points or a similar form of currency, corresponding to the value of the related Timeshare Property, which entitle the holder thereof to use and occupy the related Timeshare Property and other timeshare property interests in the Club.
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Vacation Points as defined in Section 5.11 hereof.  Monthly Payment Date: the 20th day of each calendar month (or if such 20th day is not a Business Day, then on the first Business Day thereafter) continuing during the Term. The first Monthly Payment Date shall be October, 20, 2022.  Mortgage: the Mortgage, Assignment of Leases, Rents and Proceeds, Security Agreement, Fixture Filing executed and delivered by BVU to Administrative Agent, and recorded in the real property records of Bay County, Florida, as amended, supplemented, restated, replaced, or substituted from time to time, and which encumbers among other Collateral, the Land and the Improvements, and existing or to be developed buildings and other improvements relating to the Property, and which among other Loan Documents, secures the Loan. New Resort Amenities Component: as defined in Section 8.6(a).  BN 72497947v7
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Related to Vacation Points

  • Demarcation Point means the point where Qwest owned or controlled facilities cease, and CLEC, End User Customer, premises owner or landlord ownership or control of facilities begin. "Designed, Verified and Assigned Date" or "DVA" means the date on which implementation groups are to report that all documents and materials have been received and are complete.

  • Network Termination Point (NTP) means the physical point at which a subscriber is provided with access to a public communications network; in the case of networks involving switching or routing, the NTP is identified by means of a specific network address, which may be linked to a subscriber number or name;

  • Vacation means annual vacation with pay.

  • Destination Point means the delivery point(s) on Carrier’s System where Product is delivered to Shipper, as such points are specified in Section III of this tariff.

  • Customer channel termination point means the location where the customer either inputs or receives the communications.

  • Valuation Point means such time as shall be specified in the relevant Supplement for each Fund.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Development Location Point means a single point selected by the Applicant on the proposed Development site that is located within 100 feet of a residential building existing or to be constructed as part of the proposed Development. For a Development which consists of Scattered Sites, this means a single point on the site with the most units that is located within 100 feet of a residential building existing or to be constructed as part of the proposed Development.

  • Collection Point means the collection point for the Vehicle specified in the Confirmation and/or Rental Agreement;

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Service Switching Point (SSP) is a telephone central office switch equipped with a Signaling System 7 (SS7) interface.

  • Service credit year means an accumulation of months of

  • Service Switching Point (SSP) means the telephone Central Office Switch equipped with a Signaling System 7 (SS7) interface.

  • Weeks Pay' means the ordinary time rate of pay for the employee concerned:

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

  • Vacation rental means the lease, sublease, or other rental of residential property for a period of fewer than ninety days, except that it does not include rental of residential property on a weekly or monthly basis pursuant to Chapter 40 of this title, the South Carolina Residential Landlord and Tenant Act.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Work Day means any day that an Employee is regularly scheduled to work and for which the Employee receives payment from the Employer.

  • Self-service storage facility or "facility" means any real property designed or used for the purpose of renting or leasing individual storage space to tenants who are to have access to that space for the purpose of storing and removing personal property.

  • Week means seven consecutive days.

  • Working level (WL) means any combination of short-lived radon daughters in 1 liter of air that will result in the ultimate emission of 1.3E+5 MeV of potential alpha particle energy. The short-lived radon daughters are—for radon-222: polonium-218, lead-214, bismuth-214, and polonium-214; and for radon-220: polonium-216, lead-212, bismuth-212, and polonium-212.

  • Service credit month means a full service credit month or an

  • Matching Period has the meaning specified in Section 5.4(1)(e).

  • Planned Outage means the removal of equipment from service availability for inspection and/or general overhaul of one or more major equipment groups. To qualify as a Planned Outage, the maintenance (a) must actually be conducted during the Planned Outage, and in Seller’s sole discretion must be of the type that is necessary to reliably maintain the Project, (b) cannot be reasonably conducted during Project operations, and (c) causes the generation level of the Project to be reduced by at least ten percent (10%) of the Contract Capacity.