Assessments and Charges Clause Samples
The "Assessments and Charges" clause defines the obligations of parties to pay certain fees, costs, or levies associated with the agreement. Typically, this clause outlines what types of assessments or charges may be imposed, such as maintenance fees, taxes, or special assessments, and specifies who is responsible for payment and when payments are due. Its core practical function is to ensure clarity and prevent disputes by explicitly allocating financial responsibilities related to ongoing or incidental costs under the contract.
Assessments and Charges. The Homeowner shall pay all assessments and charges required by governmental or quasi-governmental authorities or utility companies for financing or repaying the costs of usage or relocation of any utilities, including revolving fund charges, hook-up charges, lot surveys, soil testing and the like. Property surveys required by any third party or lender shall be the sole responsibility of the Homeowner.
Assessments and Charges. If requested by Agent, Borrower shall have provided, and Agent shall have approved, evidence that all water, sewer, and other charges assessed against the Lots which are then due and payable have been paid in the amount required.
Assessments and Charges. The Lessee shall pay, as they may respectively become due:
Assessments and Charges. The County acknowledges that under present law no part of the Project or the leasehold interest therein will be subject to ad valorem taxation by the Commonwealth of Kentucky or any county, municipality or other levying body so long as the same is owned by the County, that material produced by the Project is exempt from County taxation, and that these factors, among others, materially induced the Company to enter into this Lease Agreement. However, the Company will pay all taxes, assessments and utility charges, if any, in connection with the Project which may be lawfully levied, assessed or charged upon the Company or the County or the property covered by this Lease Agreement or upon the rental payments hereunder, when the same shall become due, but only if and to the extent that such taxes, assessments or charges, if any, shall result in a lien or charge upon the Project or the revenue of the County therefrom; provided however, the Company shall not be required to pay any such taxes, assessments or charges so long as the Company shall contest the same, unless by such action the title of the County to any part of the Project shall be materially endangered or the Project or any part thereof shall become subject to loss of forfeiture, in which event such taxes, assessments or charges shall be paid prior to becoming delinquent. The County covenants that, unless otherwise required by law, it will not enact or adopt any laws, ordinances, rules or regulations imposing any ad valorem taxes on the Project or the leasehold interest therein or any taxes on material produced by the Project, and that it will cooperate with the Company in resisting any such taxes if so requested by the Company.