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In the event the minimum number of Exchange Points required to maintain Select Member, Executive Member, Presidential Member or Chairman’s Club Member eligibility is raised above the number of Exchange Points allocated to a Program Member’s Interests at any given time, the Program Member will be entitled to enjoy the benefits and privileges afforded to Select Members, Executive Members, Presidential Members or Chairman’s Club Members, as applicable, until the end of the calendar year following that in which the Program Member no longer meets the respective Select Member, Executive Member, Presidential Member or Chairman’s Club Member eligibility requirements. If the Program Member purchases Interests with sufficient Exchange Points to reestablish Select Member, Executive Member, Presidential Member or Chairman’s Club Member eligibility prior to the end of such calendar year, the Program Member shall maintain eligibility to be a Select Member, Executive Member, Presidential Member or Chairman’s Club Member, as applicable. In the event that the minimum number of Exchange Points required to maintain Select Member, Executive Member, Presidential Member or Chairman’s Club Member eligibility is greater than the number of Exchange Points allocated to a Program Member’s Interests due to the transfer of any of Program Member’s Interests, Program Member’s eligibility to enjoy the benefits and privileges afforded to Select Members, Executive Members, Presidential Members or Chairman’s Club Members shall not be extended for any period and shall be terminated on the first day of the month following the applicable transfer of the Program Member’s Interests. Any Exchange Points assigned to an Interest that is owned by more than one Program Member shall be included in calculating the number of Exchange Points attributed to each Program Member owning such Interest when determining whether such Program Members are eligible to become Select Members, Executive Members, Presidential Members or Chairman’s Club Members. Select Members, Executive Members, Presidential Members or Chairman’s Club Members may be assessed additional fees or charges for certain benefits and privileges granted to Select Members, Executive Members, Presidential Members or Chairman’s Club Members, as applicable, and as determined by Exchange Company from time to time. Exchange Company reserves the right to deny Select, Executive, Presidential or Chairman’s Club status to any Program Member or group of Program Members which Exchange Company determines in Exchange Company’s sole discretion has structured its ownership in a manner to achieve such status by circumventing the intent of only recognizing Program Members or groups of Program Members who are joined by customarily recognized affinities.