CLUB INFINITI CLUB RULES - DVC Cast Member Application

(ii) No Points may be used unless the associated Management Charge has been paid.
(iii) Subject to complying with the terms of the foregoing sub-clause a Member may bring
forward and use his annual Points allocation (“Borrow”) by a single calendar year or carry
forward any unused part of that year’s Points allocation (“Save”) for a single calendar year. A
Member’s earliest available annual Points allocation will automatically be used first on the next
allocation to that Member of Exclusive Rights of Occupation. In the event of a Member wishing
to Borrow Points, the Management Charge for the year from which the Points are being
Borrowed shall be due in advance. If that Management Charge has not been established, the
Management Charge will be computed as detailed in clause 7 hereof. The Borrowing of Points
and the use of Borrowed Points may be suspended or otherwise limited by the Management
Company from time to time.
(iv) The first year in respect of which Points are credited is as shown on the Purchase
Agreement. In the event of Points credited in the Initial Points Use Year not being utilised, or if
the Completion Date is such that the Points due in the Initial Points Use Year can not be utilised
in that year, they will be carried forward to the subsequent year as described in the Rules of
Occupation.
(v) In the case of Points pertaining to Ceded Accommodation, Membership of the Club shall
cease on the termination date attributed to such Ceded Accommodation.
(vi) The Weekly Periods will be numbered from 1 to 52 in accordance with the IEEO Table of
Weekly Periods.
(vii) The Developer, who alone may authorise the issue of a Purchase Agreement to prospective
Purchasers, is beneficially entitled to any Holiday Periods not allocated to Members in any year.
(viii) The Developer and/or the Management Company may from time to time and at their
discretion alone supplement availability of the Accommodation by Alternative Accommodation
and the term Accommodation shall include Alternative Accommodation where the context so
requires.
(ix) The Management Company may from time to time and at its sole discretion vary the value
of Points as set out in the Points Table in respect of Alternative or other Accommodation which
may be rented in from time to time to cater for fluctuations in Reservation demands.
(x) Notwithstanding any Ceded Accommodation becoming unusable as provided in clause
2.(b)(ii) hereof, in the event that any of the Resorts fail to attain the Club Infiniti standard, the
Developer, at its sole discretion, reserves the right to remove the Resort concerned and replace
it with a resort of an acceptable standard.
(d) Notwithstanding clause 2 (c)(i) of these Rules, the Developer may designate certain Points
Certificates as relating to “Fixed” Holiday Periods and a specific Holiday Unit, which shall confer
Exclusive Rights of Occupation for the Fixed Holiday Period in the specific Holiday Unit annually
as detailed in the Points Certificate.
(e) Registered holders of Points Certificates, other than those designated as “Fixed”, shall apply for
and be allocated occupation of the Accommodation as follows:-
For each year, Members may apply to the Management Company (at its reservation office(s))
for the allocation of the Exclusive Rights of Occupation of one or more Accommodation, for one
or more Holiday Periods, with a Points value, as detailed in the Points Table, up to a maximum
of the number of Points allocated to that Member, for that year, augmented by any Points
Borrowed or previously Saved by that Member in accordance with these Rules. Such application
shall only be considered by the Management Company if the associated Management Charges
have all been paid.
Members may Save up to one year’s Points allocation for use in the following year. If Points are
Saved and used for a Reservation that is then cancelled, the Points shall remain in the year into
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