DanCali
TUG Member
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Not really sure what you are trying to say in post #111; it seems to me you are pulling things out of context. I copied the entire section not just the snippet from post #111.
II EXERCISE OF MEMBERSHIP PRIVILEGES; MEMBER’S DISTRIBUTION
A. Trust Members. This section only applies to Trust Members. Membership in the Program is not an appurtenance to Interests. In order to enjoy the benefits of Membership in the Program as a Trust Member, the Affiliate Program Manager and/or Association of your Affiliate Program must have voluntarily entered into an Affiliation Agreement with Exchange Company, where the Affiliate Program Manager and/or Association is a member of the Program. Trust Members must comply with all of the terms and conditions of Membership in the Program. During the term of the Affiliation Agreement, Trust Members will have the right to reserve and use the Accommodations, facilities, services, and experiences that are a part of the Program or an Affiliate Program in accordance with these Exchange Procedures. Unless otherwise provided pursuant to the applicable Affiliation Agreement, Trust Members have the right to reserve and use the Accommodations, facilities, services, and experiences that are a part of the Trust Member’s Affiliate Program in accordance with that Affiliate Program’s Affiliate Program Reservation System. If a Trust Member desires to use the Special Benefits that may be offered by Exchange Company from time to time, the Trust Member may voluntarily participate in the Program as described in these Exchange Procedures.
Membership in the Program automatically terminates for a given Trust Member if the Trust Member voluntarily or involuntarily transfers the Trust Member’s Interest and owns no other Interest, or if the Trust Member’s Affiliate Program ceases to be affiliated with the Program because such Affiliate Program’s Affiliation Agreement is terminated or is not renewed.
B. Exchange Members. This section only applies to Exchange Members. Membership in the Program is not an appurtenance to Interests. In order to enjoy the benefits of Membership in the Program as an Exchange Member, an owner of an Interest must have voluntarily entered into an enrollment agreement with Exchange Company. Exchange Members must comply with all of the terms and conditions for Membership in the Program. During the term of the Exchange Member’s enrollment agreement with Exchange Company and so long as an Exchange Member remains enrolled in the Program, Exchange Members will have the right to reserve and use the Accommodations, facilities, services, and experiences that are a part of the Program in accordance with these Exchange Procedures. If an Exchange Member desires to use the Accommodations outside the Exchange Member’s Affiliate Program or access Special Benefits, from time to time, the Exchange Member may voluntarily participate in the Program described in the Disclosure Guide and these Exchange Procedures.
The thing that made it seem like Trust Members and Exchange members were not equivalent are the statemnts I highlighted in red.
But I am not a lawyer to really know what this means...
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