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multiple factors, such as the relative weekly demand for the relinquished
accommodations as expressed by the Travel Demand Index (TDI) Value
designation applicable to the relinquished accommodations’ geographic
area; the resort recognition tier of the relinquished accommodations; unit-
specific attributes, such as the size of the unit, private sleeping capacity,
and kitchen facilities; as well as the amount of time in advance of the
first date of occupancy the accommodations are relinquished to II as
described below:
(a) Accommodations related to a Vacation Interest that is deposited
120 days or more in advance of the first date of occupancy will be allotted
100 percent of the Club Interval Weekly Points Value.
(b) Accommodations related to a Vacation Interest that is deposited
from119 to 60 days in advance of the first date of occupancy will be
allotted 75 percent of the Club Interval Weekly Points Value.
(c) Accommodations related to a Vacation Interest that is deposited
from 59 to 30 days in advance of the first date of occupancy will be allotted
50 percent of the Club Interval Weekly Points Value.
(d) For accommodations related to a Vacation Interest that is
deposited from 29 to 14 days in advance of the first date of occupancy,
the Club Interval Gold Member will receive 25 percent of the Club Interval
Weekly Points Value.
(e) Accommodations related to a Vacation Interest with occupancy
commencement dates of 13 days or less prior to the date of deposit will not
be accepted.
(f) The Club Interval Points provided based on each deposit of Home
Resort accommodations have an expiration date of two years from the first
date of the deposited accommodations’ occupancy.
7. In any exchange transaction in which a Confirmation is issued for Host
Accommodations requiring fewer Club Interval Points than those currently in
a Club Interval Gold Member’s Club Interval Points account, the Club Interval
Points having the earliest expiration dates shall be deducted from the Club
Interval Gold Member’s Club Interval Points account first. Unused Club
Interval Points will remain in the Club Interval Gold Member’s Club Interval
Points account for future use prior to their expiration date.
8. Club Interval Points from multiple deposits may be aggregated and
redeemed cumulatively in any exchange transaction so long as none of the
Club Interval Points used expire prior to the last date of occupancy of the
requested accommodations.
9. The Club Interval Weekly Points Values chart also represents the
number of points that must be relinquished to secure the Confirmation of
accommodations in one-week increments. For Confirmations of shorter
stays of one to six days available through the ShortStay Exchange service,
the required number of Club Interval Points will be derived from the Club
Interval Weekly Points Values, but will vary based upon day of the week
on which occupancy occurs. Each night of a Sunday-through-Thursday
stay requires approximately 10 percent of the points required for the
corresponding full-week stay; each Friday or Saturday stay requires
approximately 25 percent.
10. All other terms and conditions of the Exchange Program apply to this
exchange service, except as noted to the contrary above.
PREFERRED POINTS
1. The Preferred Points Weekly chart below represents the currency value
assigned to each deposited week of accommodations from a Preferred
Residences Member Resort, as well as the Preferred Points required to make
an exchange to Host Accommodations, and is subject to modification by II,
from time to time:
2. Upon receipt of a deposit, where allowed by the rules of the Home
Resort, II will convert the deposited accommodations to Preferred Points.
The number of Preferred Points that will be allocated and placed in the
Member’s Preferred Points Account is dependent upon the amount of
time in advance of the first date of occupancy the accommodations are
relinquished to II as described below:
(a) Accommodations related to a Vacation Interest that is deposited
at least 60 days or more in advance of the first date of occupancy will be
allotted 100 percent of the Preferred Points value.
(b) Accommodations related to a Vacation Interest that is deposited
from 59 to 30 days in advance of the first date of occupancy will be allotted
75 percent of the Preferred Points value.
(c) Accommodations related to a Vacation Interest with occupancy
commencement dates of 29 days or less prior to the date of deposit will not
be accepted.
3. Preferred Points from multiple deposits may be aggregated and
redeemed cumulatively in any exchange transaction so long as none of the
Preferred Points used expire prior to the last date of occupancy of the
requested accommodations.
4. In any exchange transaction in which a Confirmation is issued for Host
Accommodations requiring fewer Preferred Points than those currently in a
Member’s Preferred Points Account, the Preferred Points having the earliest
expiration dates shall be deducted from the Member’s Preferred Points
Account first. Unused Preferred Points will remain in the Member’s Preferred
Points Account for future use prior to their expiration date.
5. When a Member makes a request using the Request First exchange
method, II will determine the number of Preferred Points available from the
Home Resort accommodations being relinquished in accordance with the
chart set forth above. Such Preferred Points may then be used by the
Member to place a request for Host Accommodations.
6.
All Preferred Points expire 24 months from the commencement
date of the week on which they are based.
7. All other terms and conditions of the Exchange Program apply to the
use of Preferred Points, except as noted to the contrary above.
GENERAL EXCHANGE PROCEDURES AND PRIORITIES
1. (a) Vacation Interests, available for occupancy as determined by II,
may be relinquished to II in one-week increments. Generally, owners of
Floating Time Vacation Interests must first contact their Home Resort to
secure a specific unit and time period at their Home Resort or to
otherwise verify their eligibility to exchange prior to making a deposit.
(i) Where the Home Resort has previously deposited
accommodations on behalf of the Members, the Member must contact
the Home Resort and request that a reservation or deposit number be
assigned to him or her. The reservation information must then be submitted
to II by the Home Resort.
(ii) Owners whose Vacation Interests are evidenced by points may
contact II to place an exchange request using the Request First exchange
method, but a Confirmation will not be issued until availability of the required
number of points is verified through the Home Resort.
(b) Regular exchange requests, whether using the Deposit First or
Request First method, must be received by II at least 60 days in advance
of the commencement date of the earliest week requested.
(c) For exchange requests made less than 60 days prior to the travel
date requested, Flexchange is a service in which vacation exchange requests
may be submitted by telephone or via the Internet at IntervalWorld.com and
an instant confirmation received from 59 days up until 24 hours in advance
of the travel dates desired. If a Flex Deposit has been made, the exchange
request must be made through the Flexchange service. Available Host
Accommodations for the date requested will be offered, and a Confirmation
will be instantly issued if one of these availabilities is accepted at the time of
the offer. Holiday, summer, and other highly demanded weeks usually are not
available through Flexchange.
(d)
Regardless of the methodology used, once an exchange
request is submitted, it may be canceled only if notice of cancellation
is received by II prior to Confirmation of the request. Once issued, a
Confirmation may be canceled only in
accordance with one of II’s Exchange
Cancellation Policies, as described in
Paragraphs 8 and 9 below.
(e) Points (including Club Interval
Points and Preferred Points) are not
charged or deemed used until an
exchange has been confirmed. However,
a Member may not utilize the same points
for more than one exchange request at a
time. For a Club Interval or Preferred
Residences Confirmation to be issued, the
number of Club Interval Points required
will be based on the Host Accommodations being requested in accordance
with the above Club Interval Weekly Points Values or the Preferred Points
Values charts. Once a points-based Confirmation has been issued, the
Member will be deemed to have used the number of points applicable to
such Confirmation, and such points will no longer be available to that
Member, unless the Confirmation is canceled in accordance with one of II’s
Exchange Cancellation Policies as described in Paragraphs 8 and 9 below.
Where a given exchange request is not confirmed, no points will be
subtracted from the Member’s account.
PREFERRED POINTS WEEKLY VALUES CHART
Travel Demand Index
4-Bedroom
Range
Season
Studio
1-Bedroom 2-Bedroom 3-Bedroom 5-Bedroom
135 – 150
Platinum 5,720
9,900
15,950
22,000
27,500
115 – 130
Gold
4,840
7,700
12,650
18,700
23,100
90 – 110
Silver
3,960
5,940
9,900
15,400
18,700
65 – 85
Bronze
3,080
4,620
7,700
11,550
13,750
50 – 60
Copper
2,200
3,300
4,400
6,600
8,800
412
INTERVAL INTERNATIONAL
IntervalWorld.com