MEMBERSHIP AGREEMENT & FEES
2. CLUB UNITS
When do my Club Units for next year become available?

For members making use of a debit order instruction, Club Units are released in January each year, once at least 25% of management fee has been paid or 3 (three) successful payments have been made.

Cash payers need to pay the full amount by 31 December of the preceding year and their Club Units will then we released in January.

When does my yearly allocation of Club Units expire?

A member can accumulate Club Units for a period of 2 or 3 years, depending on the members' Agreement.

A member with a three (3) year window period may accumulate any unused Club Units for two (2) years, so as to carry such Club Units forward for use during the following year, provided that such Club Units may not be accumulated for a period in excess of three (3) years. The first year's units have to be utilized before the end of the third year. For example:

Current year Club Units
2015 50
2016 50
2017 50

A member should utilize the Club Units from 2015 units before end of December 2017 – i.e. three year window period 1/1/2015 – end 2017. A reservation cannot be confirmed in 2017 for occupation in the following year to avoid forfeiting Club Units from 2015.

A member with a two (2) year window period may accumulate any unused Club Units for one (1) year, so as to carry such Club Units forward for use during the following year, provided that such Club Units may not be accumulated for a period in excess of two (2) years. The first year's units have to be utilized before the end of the second year. For example:

Current year Club Units
2015 50
2016 50

A member should utilize Club Units from 2015 before end of December 2016 – i.e. two year window period 1/1/2015 – end 2016. A reservation cannot be confirmed in 2016 for occupation in the following year to avoid forfeiting 2015 Club Units.

PLEASE NOTE: The above information is provided on the assumption that the member is not in default of the terms and conditions of the Agreement.

What happens if I still have unused Club Units and I am unable to use them before they expire?

You may use your Club Units to make a reservation with QVC, then once your reservation has been confirmed with QVC, you can deposit ("space bank") your week with Dial An Exchange in exchange for a credit on their system, which can be used at a later stage. This enables you to utilize that Credit at an available resort of your own choice through Dial An Exchange. Your 'space banked' week credit with Dial An Exchange is valid for up to three years. A reasonable exchange fee is payable when you do an exchange with RCI or Dial An Exchange. Please note that only QVC Club Stock can be "Space Banked" or exchanged with Dial An Exchange. No RCI stock, even if booked through QVC, will be accepted by Dial An Exchange.

Alternatively, you may use your Club Units to make a reservation with QVC, then once your reservation has been confirmed with QVC, you can rent out the confirmed week via www.tradeunipoint.com. You can register for free at www.tradeunipoint.com. Once you are registered you may deposit the week into the rental pool. The rental amount (less 20%) will be payable to you once the deposited week has been booked.