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INTERVAL INTERNATIONAL
IntervalWorld.com
REQUEST FIRST EXCHANGE METHOD
1. With the Request First exchange method, Members who exchange
with II based on weeks do not give up the right to occupy the Home
Resort accommodations until an exchange has been confirmed. Similarly,
Members who exchange with II based on points do not give up the right
to their points until an exchange has been confirmed.
Upon confirmation,
however, all rights to the use of the Home Resort accommodations or
points are immediately assigned to II.
2.
Exchange requests using the Request First method may be placed
up to 24 months prior to the commencement date of the week(s) being
relinquished for exchange. The requested travel dates must be prior to
or the same as the dates of the week(s) being relinquished.
DEPOSIT FIRST EXCHANGE METHOD
1.
When Home Resort accommodations are deposited, all rights to
the use of same for the week(s) deposited are immediately assigned to II.
Once a deposit is made, the deposited week(s) may not be withdrawn.
Submission or confirmation of an exchange request is not required in
order for II to issue a Confirmation into a deposited week or otherwise
utilize such deposited week.
2. No fee is required to deposit vacation accommodations. An exchange
fee, however, is required when placing an exchange request against the
deposited accommodations.
3. Deposits must be received by II at least 60 days, but no more than
24 months, before the commencement date of the deposited week. Flex
Deposits (received by II from 59 days up until 14 days before the
commencement date of the week being deposited) also are accepted,
but any exchange request placed using a Flex Deposit must be made
through the Flexchange service.
4. Upon receipt of a deposit, II will assign a deposit number, which
must be utilized when placing an exchange request. Except for the
flexible lengths of stay provided for under II’s ShortStay Exchange
service, and for exchange requests under the Club Interval exchange
service, as each is described below, an exchange may be requested for the
same amount of time as that deposited.
The exchange request may be
placed at the same time that the deposit is made or at any time after
receipt of the deposit number, but no later than 24 months after the
commencement date of the deposited week. In addition, the requested
travel dates must be no earlier than 24 months before and no later than
24 months after the commencement date of the deposited week, unless
the Individual Member chooses the Deposit Extension Option as defined
in Paragraph 5 hereunder, if available.
All standard exchange procedures
(as detailed below) must be adhered to when placing a request against
the deposited week. If a Flex Deposit was made, a request may be
submitted only through the Flexchange service, with travel dates no later
than 24 months after the commencement date of the deposited week.
5. By using the Deposit Extension Option, Members may, upon the
payment of an additional fee, extend the period in which they can utilize
a particular deposit (“Redemption Window”) for up to a period of one
year. II reserves the right to limit the number of times a particular deposit
may be extended. The Deposit Extension Option must be exercised no
later than three months after the date on which the original or extended
Redemption Window expires. The extension begins on the date on which
the original or extended Redemption Window expired. The exchange
request placed within an extended Redemption Window must be placed
through II’s Flexchange service.
The Deposit Extension Option may not
be used to extend the expiration date of Club Interval Points, Preferred
Points, an E-Plus Usage Window or a retrade of a Confirmation using
E-Plus, or to extend the time period in which Members may request
substitute accommodations pursuant to II’s Exchange Cancellation
Policy or request accommodations pursuant to the redemption of an
accommodations certificate. All other terms and conditions of exchange
apply.
6. ShortStay Exchange (“ShortStay
Exchange”) is an exchange service
offered by II to members in good
standing with the Interval Gold, Club
Interval Gold, and Interval Platinum
membership programs, in which, upon
payment of the appropriate fee and
any applicable tax, Members can be
confirmed to resort accommodations
for periods of less than seven days.
Members who exchange with II based
on the relinquishment of a week
may secure up to two ShortStay
Exchange Confirmations for resort
accommodations of equal or lesser size
than the Home Resort accommodations
relinquished by the Member. Members who exchange with II based on
the relinquishment of points (i.e., those who own Vacation Interests that
are points-based, including Club Interval Gold members who have
relinquished their week to receive Club Interval Points or Members who
have relinquished a week to receive Preferred Points) may confirm as
many ShortStay Exchange Confirmations as their available points will
allow.
A ShortStay Exchange Confirmation will not be issued until the
availability of the Home Resort unit week or availability of the required
number of points is verified.
Holiday, summer, and other highly demanded
travel periods usually will not be available through ShortStay Exchange.
II’s Exchange Cancellation Policies do not apply to ShortStay Exchange
Confirmations. A cancellation of a ShortStay Exchange Confirmation
results in the loss of the Home Resort unit week or points relinquished,
as well as the exchange fee paid to secure such Confirmation. All other
terms and conditions of the Exchange Program apply to this exchange
service, except as noted to the contrary above.
7. The Deposit First and/or the ShortStay Exchange methods may not
be available to owners at some Member Resorts because of the resort’s
internal reservation procedures.
CLUB INTERVAL EXCHANGE METHOD
AND CLUB INTERVAL WEEKLY POINTS VALUES
1. Club Interval (“Club Interval”) is the points-based exchange service
that allows participating Club Interval Gold Members to deposit their
Fixed Time and/or Floating Time Home Resort accommodations with II
in exchange for Club Interval Points.
2. To be eligible to participate in Club Interval, a person must own or
purchase an “Eligible” Vacation Interest. A Vacation Interest is deemed
“Eligible” if II and the developer or the association of the applicable
Member Resort have agreed to such Vacation Interest’s participation in
the Club Interval program.
3.
Once an owner of a Vacation Interest is enrolled in Club Interval
Gold, the owner’s membership with II becomes a Club Interval Gold
membership, meaning that all Vacation Interests owned by such person,
both Eligible Vacation Interests and other Vacation Interests, shall be
included in such membership account, although only Eligible Vacation
Interests will be allowed to be deposited in exchange for Club Interval
Points. Notwithstanding the foregoing, where a Club Interval Gold
Member owns a Vacation Interest at a Member Resort participating in a
corporate membership program, as well as an Eligible Vacation Interest,
said Club Interval Gold Member must maintain his or her Club Interval
Gold membership, separate and distinct from his or her participation in
the corporate membership program.
4.
As to Eligible Vacation Interests, upon the deposit of accommodations
with II, the Club Interval Gold Member may elect to receive an allotment of
Club Interval Points, and will have the opportunity to participate in points-
based exchange. As it relates to all other Vacation Interests owned by such
Member, as well as any deposits of accommodations associated with Eligible
Vacation Interests that the Member chooses not to convert to Club Interval
Points, the Member will continue to participate in the Exchange Program
based on the relinquishment of weeks and as discussed under the sections
titled “Request First Exchange Method” and “Deposit First Exchange
Method” above.
5.
Once the Home Resort accommodations are deposited, all rights to
the use of same for the week(s) deposited are immediately assigned to II.
Once a deposit is made, the deposited week(s) may not be withdrawn.
The number of Club Interval Points that will be allotted to a Club
Interval Gold Member based on his or her deposit of a unit week and
election to convert it to Club Interval Points shall be determined based on
the Club Interval Weekly Points Values chart, which is established by II,
from time to time, in its sole discretion upon publication on II’s website,
IntervalWorld.com. The current Club Interval Weekly Points Values chart
is set forth below, and is subject to modification by II, from time to time.
Club Interval Weekly Points Values*
TRAVEL 4-Bedroom 3-Bedroom 2-Bedroom 1-Bedroom Studio Hotel Room
DEMAND
Full Kitchen Full Kitchen Full Kitchen Full Kitchen Full Kitchen No Kitchen
INDEX
Sleeps Sleeps Sleeps Sleeps Sleeps Sleeps
RANGE
10 Privately 8 Privately 6 Privately 4 Privately 2 Privately 2 Privately
135 – 150 123,750 – 165,000 101,250 – 135,000 78,750 – 105,000 67,500 – 90,000 45,000 – 60,000 40,500 – 54,000
115 – 130 103,125 – 137,500 84,375 – 112,500 65,625 – 87,500 56,250 – 75,000 37,500 – 50,000 33,750 – 45,000
90 – 110 82,500 – 110,000 67,500 – 90,000 52,500 – 70,000 45,000 – 60,000 30,000 – 40,000 27,000 – 36,000
65 – 85 61,875 – 82,500 50,625 – 67,500 39,375 – 52,500 33,750 – 45,000 22,500 – 30,000 20,250 – 27,000
50 – 60 41,250 – 55,000 33,750 – 45,000 26,250 – 35,000 22,500 – 30,000 15,000 – 20,000 13,500 – 18,000
*Points values are ranges, and are subject to modification by II from time to time.
