Offer requires new purchasers to buy a real estate interest equal to 160 or more vacation points at The Villas at Disney's Grand Californian Hotel® and, if financing, make monthly loan installments and be in good standing on their Membership for up to seventeen (17) months (based on down payment and length of loan) before receiving their four (4) Walt Disney World® Annual Pass ("WDW Pass") and four (4) Disneyland® Resort Premium Annual Passport ("DLR Pass") Exchange Certificates ("Certificate"). Offer expires January 31, 2010. Purchasers are not entitled to the Certificates until all necessary payments are made and failure to make all payments and fees will result in forfeiture of the Certificates. This offer is only valid for The Villas at Disney's Grand Californian Hotel and cannot be combined with any other offers or discounts. Limit one offer per Membership. Certificates are non-transferable, non-assignable, and may not be sold, traded, transferred, encumbered, bequeathed, bartered, refunded or redeemed for cash and shall be void if sold or otherwise transferred for cash or other consideration. Certificates will not be replaced if lost, stolen or damaged. Each original WDW Pass Certificate may be used for the redemption of one (1) adult WDW Pass while each original DLR Pass Certificate may be used for the redemption of one (1) DLR Pass, according to the terms and conditions set forth on the Certificate. Original Certificates can be redeemed for a child WDW Pass, but no credit for the price difference will be issued.
Original Certificates used to obtain a DLR Pass must be redeemed by June 30, 2011, at any Disneyland Resort ticket window. Valid photo identification is required. Each DLR Pass obtained through this program is valid for one year from the date the Certificate is redeemed and provides unlimited admission, excluding separately priced activities and events, and arcades, to Disneyland Park and Disney's California Adventure® Park, subject to restrictions including, but not limited to, Annual Passholder terms and conditions, capacity constraints and operating hours.
Original Certificates used to obtain a WDW Pass may be redeemed at any time at any Walt Disney World Theme Park ticket window. Valid photo identification is required. Each WDW Pass is valid for one year from the date the Certificate is redeemed and provides unlimited admission, excluding separately priced activities and events, to Magic Kingdom® Park, Epcot®, Disney's Hollywood Studios™ and Disney's Animal Kingdom® Theme Park; and Theme Park parking and access to special Passholder events; subject to restrictions including, but not limited to, capacity constraints and operating hours. WDW Passes and DLR Passes are nontransferable and must be used by the same person on any and all days. Offer subject to change or termination without notice. Restrictions apply.