Common use of Creation of Intervals Clause in Contracts

Creation of Intervals. Ten (10) separate Intervals are hereby created for each Cottage. Every Interval has the respective ownership share stated in Section 6.02(b) and has priority reservation and use rights Every Year as stated in Section 2.05(b). Each Interval will be assigned an “Interval Identification Number”. An Owner may own more than one Interval at a single Cottage. However, in order to ensure compliance at all times with municipal zoning restrictions, no Owner shall be permitted to have legal or beneficial ownership of more than seven (7) Intervals at a single Cottage.

Creation of Intervals. Ten (10) separate Intervals are hereby created for each Cottage. Every Interval has the respective ownership share stated in Section 6.02(b) and has priority reservation and use rights Every Year as stated in Section 2.05(b). Each Interval will be assigned an “Interval Identification Number”. An Owner may own more than one Interval at a single Cottage. However, in order to ensure compliance at all times with municipal zoning restrictions, no Owner shall be permitted to have legal or beneficial ownership of more than seven (7) Intervals at a single Cottage.seven

Creation of Intervals. Ten (10) separate Intervals are hereby created for each Cottage. Every Interval has the respective ownership share stated in Section 6.02(b) and has priority reservation and use rights Every Year as stated in Section 2.05(b). Each Interval will be assigned an “Interval Identification Number”. An Owner may own more than one Interval at a single Cottage. However, in order to ensure compliance at all times with municipal zoning restrictions, no Owner shall be permitted to have legal or beneficial ownership of more than seven (7) Intervals at a single Cottage.ARTICLE II CREATION OF INTERVALS AND RESERVATION AND USE RIGHTS 2.01

Creation of Intervals. Ten (10) separate Intervals are hereby created for each Cottage. Every Interval has the respective ownership share stated in Section 6.02(b) and has priority reservation and use rights Every Year as stated in Section 2.05(b). Each Interval will be assigned an “Interval Identification Number”. An Owner may own more than one Interval at a single Cottage. However, in order to ensure compliance at all times with municipal zoning restrictions, no Owner shall be permitted to have legal or beneficial ownership of more than seven (7) Intervals at a single Cottage.more

Creation of Intervals. Ten (10) separate Intervals are hereby created for each Cottage. Every Interval has the respective ownership share stated in Section 6.02(b) and has priority reservation and use rights Every Year as stated in Section 2.05(b). Each Interval will be assigned an “Interval Identification Number”. An Owner may own more than one Interval at a single Cottage. However, in order to ensure compliance at all times with municipal zoning restrictions, no Owner shall be permitted to have legal or beneficial ownership of more than seven (7) Intervals at a single Cottage.shall