Building Levies Sample Clauses

Building Levies. To cover expenses in the administration of the work process, each building contractor and/or signatory will be levied an amount equivalent to the current XXX xxxx per house, per month, payable to the HOA until such time as a Completion Certificate is obtained from the Kelderhof Design Review Committee. The Kelderhof Design Review Committee will not withhold such certificate unreasonably. The levy must be paid by the 1st (first) of every month in advance. (See clause 19 of the Agreement) Failure to pay levies timeously will result in prevention by the HOA, of any work to be done on the Estate by the responsible parties, and interest will be levied on the outstanding amount from time to time, at the prime interest rate plus 2% (two percent) from date of default until the outstanding amount has been settled in full. (See clause 19 of the Agreement).

Building Levies. To cover expenses in the administration and control of the building, alterations and/or additions process, each building contractor will be levied an amount equivalent to the Association’s prevailing levy per house per month payable to the Association until such time as a Completion Certificate or Temporary Completion Certificate is obtained from the Xxxxxxx’x Bay Estate Management. The Xxxxxxx’x Bay Estate Management will not withhold such certificate unreasonably. If minor items are outstanding and there is a signed agreement between the Association, the Owner and the Contractor with the Owner and Contractor assuming joint liability to complete same within a reasonable time, then consent will not be withheld. Should this agreement not be met then building levies will be reinstated retrospectively and billed to the Owner. 6 months’ building levies must be paid in advance and thereafter paid monthly in advance by the 7th of each month. Any arrear levy amounts will be collected at that time.