Fixed Week definition

Fixed Week means a Vacation Ownership Interest representing a fee simple interest in a lodging unit at a Resort that entitles the related Obligor to occupy such lodging unit for a specified one-week period each year.
Fixed Week means a Timeshare Property representing a fee simple interest in a lodging unit at a Resort that entitles the related Obligor to occupy such lodging unit for a specified one-week period each year.
Fixed Week shall have the meaning set forth in the applicable Seller Purchaser Agreement.

Examples of Fixed Week in a sentence

  • The Timeshare Property underlying such Loan is an interest in real property consisting of either a Fixed Week or a UDI, and (except for a Timeshare Property that is a Green Timeshare Property) such Timeshare Property has been deeded to a Nominee or has been deeded to the related Obligor in accordance with the requirements of the related Loan and applicable law.

  • Each Owner will forthwith notify the Property Manager if that Owner determines or discovers at any time that the Owner will not use the Owner's Fixed Week or any Floating Week on any of the dates assigned to that Owner.

  • The following changes may not be made unless the Owner affected also gives that Owner’s written approval: (a) an Owner’s Share; (b) an Owner’s designated Fixed Week or the number of Floating Weeks to which an Owner is entitled; or (c) the number of Floating Weeks in any Season; (d) Owners’ voting rights; or (e) the rotational procedure for the reservation of Floating Weeks, as set out in Exhibit “C” to this Agreement.

  • The Timeshare Property underlying such Loan is an interest in real property consisting of either a Fixed Week or a UDI, and (except for a Timeshare Property that is a Green Timeshare Property) such Timeshare Property has been deeded to the Nominee pursuant to the terms of one of the Title Clearing Agreements or has been deeded to the related Obligor in accordance with the requirements of the related Loan and applicable law.

  • Fixed Week (a) Each Owner shall have the right to use the same week of use each summer season (their assigned “Fixed Week”).


More Definitions of Fixed Week

Fixed Week is defined in Section 2.05(c);
Fixed Week means the Owner’s “Assigned Summer Use Period” for which that Owner has a permanent reservation.
Fixed Week means the Owner’s “Assigned Summer Use Period” for which that Owner has a permanent reservation. (ii) “Floating Week” means each Owner shall also have the right to reserve on a priority basis and then use that Owner’s Assigned Cottage
Fixed Week means a VOI consisting of a fixed week in fee simple in a ---------- lodging unit at a Development.
Fixed Week means a Timeshare Property representing a Fee Simple interest in a lodging unit at a Resort that entitles the related Obligor to occupy such lodging unit for a specified one-week period each year.
Fixed Week means a Unit Week that is fixed as to a specific Unit and as to a specific week of the Use Week Calendar.
Fixed Week is defined in Section 2.05(c); "Fixed Cottage Right” is defined in Section 2.05(a); “Floating Week” is defined in Section 2.05(c); “Improvement” is defined in Section 3.07; “Infringing Owner” is defined in Section 5.04; “Injured Person” means every Owner, Exchange User or Occupant who cannot use a Cottage because of an Act of Trespass or Vandalism. There can be several Injured Persons. For example, a Cottage may be damaged so that it cannot be used for later Use Periods. Each person who had the right to use the Cottage during later Use Periods would be an Injured Person; “Interval Identification Number” is defined in Section 2.01; “Interval No.” means the number of the Interval from 1 to 10 created in each Cottage which sets the order by which Floating Weeks may be reserved; “Interval Ownership” or simply an “Interval” are inter-changeable terms and mean: (i) membership in the Association ; plus (ii) the right to reserve on a priority basis and then use for five (5) separate one (1) week periods: (A) a specific Cottage and that Cottage only every calendar year; (B) one (1) Fixed Week during the prime summer period every calendar year; and (C) four (4) Floating Weeks every calendar year, one (1) in the Spring Season, one (1) in the Fall Season, one (1) in the Winter Season and one (1) Additional Week; plus (iii) the obligation to pay one (1) Share of the Association Expenses. These three (3) parts of an Interval are indivisible; “Major Service Period” is defined in Section 2.02; “Minor Service Period” is defined in Section 2.02; “New Owner” is defined in Section 3.01; “Occupant” means each Owner, Exchange User, Renter and Visitor when they are on any part of the Property. It also includes the Visitor of an Occupant who is not an Owner or Exchange User; “One Share” is defined in Section 6.02(b); “Owner” means a person who from time to time is an Owner of an Interval (and a member of the Association ) who has become a party to this Agreement, either by being an original party, or by being a New Owner pursuant to the Transfer Agreement attached as Exhibit "B"; “Owner’s Purchase Contract” means the Agreement of Purchase and Sale whereby and Owner acquired that Owner’s Interval(s) from the Association ; “Partial Destruction of Cottages” is defined in Section 10.01; “Partial Destruction Not Affecting the Cottages” is defined in Section 10.01; “Partial Taking” is defined in Section 10.01; “Partial Taking Not Affecting the Cottages” is defined in Section 10.01; “Pe...