Common use of Creation of the Use Periods and Service Periods Clause in Contracts

Creation of the Use Periods and Service Periods. (a) There are Fifty-Two (52) Time Periods per Cottage per Calendar Year: Fifty-two (52) “Time Periods” during each Calendar Year are hereby established for each Cottage. The Time Periods are identified by a number from 1 to 52. The fifty-two (52) Time Periods are made up of ten (10) Fixed Weeks in the Summer Season, ten (10) Floating Weeks in the Spring Season, ten (10) Floating Weeks in the Fall Season, ten (10) Floating Weeks in the Winter Season, ten (10) Floating Weeks in the Additional Week Period, one (1) Service Week in the spring season and one (1) Service Week in the off-season. Exhibit "C" sets out the basis upon which each Owner shall have the right to reserve on a priority basis and then use that Owner's Cottage for five (5) weeks each calendar year.

Appears in 2 contracts

Sources: Owners Agreement, Owners Agreement