Common use of Association Assessments Clause in Contracts

Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in 394 advance will be credited to Xxxxxx at Closing. Cash reserves held out of the regular Association Assessments for deferred maintenance 395 by the Association will not be credited to Xxxxxx except as may be otherwise provided by the Governing Documents. Buyer 396 acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. Any special 397 assessment assessed prior to Closing Date by the Association will be the obligation of Buyer Seller. Except however, any 398 special assessment by the Association for improvements that have been installed as of the date of Xxxxx’s signature hereon, whether 399 assessed prior to or after Closing, will be the obligation of Seller. Seller represents there are no unpaid regular or special assessments 400 against the Property except the current regular assessments and as set forth in the CIC Documents. Association Assessments are 401 subject to change as provided in the Governing Documents.

Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in 394 748 advance will be credited to Xxxxxx Seller at Closing. Cash reserves held out of the regular Association Assessments for deferred maintenance 395 749 by the Association will not be credited to Xxxxxx Seller except as may be otherwise provided by the Governing Documents. Buyer 396 750 acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. Any special 397 751 assessment assessed prior to Closing Date by the Association will be the obligation of Buyer Seller. Except however, any 398 752 special assessment by the Association for improvements that have been installed as of the date of Xxxxx’s signature hereon, whether 399 753 assessed prior to or after Closing, will be the obligation of Seller. unless otherwise specified in Additional Provisions. Seller 754 represents there are no unpaid regular or special assessments 400 against the Property except the current regular assessments and as set forth in the CIC Documents755 . Association Assessments are 401 subject to change as provided in the Governing Documents.

Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in 394 731 advance will be credited to Xxxxxx Seller at Closing. Cash reserves held out of the regular Association Assessments for deferred maintenance 395 732 by the Association will not be credited to Xxxxxx Seller except as may be otherwise provided by the Governing Documents. Buyer 396 733 acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. Any special 397 734 assessment assessed prior to Closing Date by the Association will be the obligation of Buyer Seller. Except however, any 398 735 special assessment by the Association for improvements that have been installed as of the date of Xxxxx’s signature hereon, whether 399 736 assessed prior to or after Closing, will be the obligation of SellerSeller unless otherwise specified in Additional Provisions. Seller represents 737 there are no unpaid regular or special assessments 400 against the Property except the current regular assessments and as set forth in the CIC DocumentsN/A . 738 Association Assessments are 401 subject to change as provided in the Governing Documents.

Association Assessments. Current regular Association assessments and dues (Association Assessments) paid in 394 712 advance will be credited to Xxxxxx Seller at Closing. Cash reserves held out of the regular Association Assessments for deferred maintenance 395 713 by the Association will not be credited to Xxxxxx Seller except as may be otherwise provided by the Governing Documents. Buyer 396 714 acknowledges that Buyer may be obligated to pay the Association, at Closing, an amount for reserves or working capital. Any special 397 715 assessment assessed prior to Closing Date by the Association will be the obligation of Buyer Seller. Except however, any 398 716 special assessment by the Association for improvements that have been installed as of the date of Xxxxx’s signature hereon, whether 399 717 assessed prior to or after Closing, will be the obligation of SellerSeller unless otherwise specified in Additional Provisions. Seller represents 718 there are no unpaid regular or special assessments 400 against the Property except the current regular assessments and as set forth in the CIC Documents719 . Association Assessments are 401 subject to change as provided in the Governing Documents.