Once an HRC member exits HRPP (either by transferring points into CUP, or letting the 6-month HRPP expire), that unit/week is now available to fill exchanges. I can't see any reason why a HRP member could not request that week, just like they would request any other week - once it is CUP it's just a Hyatt week that is up for grabs.
Does the "Exchange Reservation Period" explain how pure point owners have access to individual deeds?
"c. Exchange Reservation Period. During the Exchange Reservation Period, subject to the terms of the Club to Club Exchange Agreement, HPC Club Owners have the right on a first come, first served basis with other HPC Club Owners to reserve the use of any available Vacation Period within the HPC Club. In addition, HRC Members also have the right during the Exchange Reservation Period to reserve the use of any available Vacation Periods during the Exchange Reservation Period in exchange for HPC Club Owners’ right to reserve the use of accommodations in the HRC pursuant to the Club to Club Exchange Agreement." (p. 32)
"a. Owner Reservation Period. The Owner Reservation Period shall mean the period beginning three hundred and sixty-four (364) days prior to Check-In Day for a Vacation Period and lasting one hundred eighty-two (182) days, during which the HPC Club Owner must compete, subject to any Fixed Reservation Rights, on a first come, first served basis with other HPC Club Owners to use their HPC Club Points to reserve the use of any available Vacation Periods in the HPC Club, subject to any reservation restrictions set forth on the Membership Tier Level Chart and the following: ..." (p. 29)
Definitions:
"Exchange Reservation Period shall mean the one hundred twenty-two (122) day period beginning on the day after the expiration of the Owner Reservation Period for a given Vacation Period and ending at 11:59 p.m. on the day before the first day of the HPC Priority Period for the given Vacation Period. During the Exchange Reservation Period, subject to the terms of the Club to Club Exchange Agreement, HPC Club Owners and HRC Members have the voluntary right, on a first come, first served basis, to reserve the use of any available Vacation Period within the HPC Club." (p. 6)
"Owner Reservation Period shall mean the period beginning three hundred sixty-four (364) days prior to the Check-In Day for a Vacation Period and lasting one hundred eighty-two (182) days, during which the HPC Club Owner must compete on a first come, first served basis with other HPC Club Owners to reserve the use of any available Vacation Periods in the HPC Club." (p. 9)