Club Exploria Member Guide 2018/2019 | Page 252

Salzburg, Austria AFFILIATED RESORTS– Resorts at which Club Exploria members have direct access - without exchange fees. These resorts will fluctuate over time – resorts may be added and removed based on actual member usage and continued availability. BIENNIAL OWNERSHIP– Ownership interest in a unit that includes the allocation of EXPOS in alternate years, either every even year or every odd year. For purposes of member benefits, biennial members consider 1/2 their allotment of EXPOs every year. BORROWING– Allowing Club members to borrow EXPOs from the next Use Year to use them during the current Use Year. Restrictions may apply. CANCELED RESERVATION EXPOs– EXPOs that are returned to an account after a reservation is canceled 91 days or more prior to the check-in date. CLUB DUES– Dues paid by Club members to cover the cost of operating and administering Club Exploria (i.e., inventory management, reservations, accounting, etc.). Club Dues are invoiced annually, around October of each calendar year and are due by January 1 of each year. Club Exploria pre- collects 1/12th of the dues each month, with the balance due, if any, each January. CLUB EXPLORIA– A member program that offers participants the flexibility to divide vacations into shorter stays, access Affiliated Resorts, Worldwide Exchange through RCI or II and Travel Partners through Exploria Marketplace. CLUBEXPLORIA.COM– Main Club Exploria website which features a secure member log-in to access account information, make reservations, make payments, get news, updates and read current and back issues of VACATIONmode. CLUB EXPLORIA TRUST– The Trust to which the members assign the use rights of their ownership interests in exchange for EXPOs. CLUB MEMBER OR MEMBER BENEFICIARY– The owner of the Vacation Interest who has assigned the use rights of their ownership interest to the Club Exploria Trust in exchange for EXPOs. In cases where there is more than one name on a Vacation Interest, the first name will be the Primary Member. The Primary Member’s name must be on the deed of all Vacation Interests for the Club Member. The Primary Member has responsibility for all account activity, including financial obligations, official correspondence and any other activities impacting the membership account. 250