Common use of Change in Maximum Clause in Contracts

Change in Maximum. From an after the first day of the fiscal year immediately following the commencement of Neighborhood Assessments in the Neighborhood: (a) The Board of Trustees may increase the maximum each year by the greater of: (1) a factor of not more than five percent (5%) of the maximum for the current fiscal year; or (2) the percentage increase, if any, over the twelve (12) month period ending five (5) months prior to the start of the fiscal year, in the Consumer Price Index, or equivalent as published by the U.S. Labor Department for the Metropolitan Washington Area; such increase shall become effective the first day of the next year. (b) The maximum may be increased above the amount which can be set by the Board with the affirmative vote of two-thirds (2/3) of the votes of a Quorum of Members who own Lots in the Neighborhood.

Change in Maximum. From an and after the first day of the fiscal year immediately following the commencement of Neighborhood Neigborhood Assessments in the Neighborhood: (a) The Board of Trustees may increase the maximum each year by the greater of: : (1) a factor of not more than five percent (5%) of the maximum for the current fiscal year; or (2) the percentage increase, if any, over the twelve (12) month period ending five (5) months prior to the start of the fiscal year, in the Consumer Price Index, or equivalent equivalent, as published by the U.S. Labor Department for the Metropolitan metropolitan Washington Area; such increase shall become effective the first day of the next year. (b) The maximum may be increased above the amount which can be set by the Board with the affirmative vote of two-thirds (2/3) of the votes of a Quorum of Members who own Lots in the Neighborhood.

Change in Maximum. From an and after the first day of the fiscal year immediately following the commencement of Neighborhood Assessments in the Neighborhood: (a) The Board of Trustees may increase the maximum each year by the greater of: (1) a factor of not more than five percent (5%) of the maximum for the current fiscal year; or (2) the percentage increase, if any, over the twelve (12) month period ending five (5) months prior to the start of the fiscal year, in the Consumer Price Index, or equivalent equivalent, as published by the U.S. Labor Department for the Metropolitan Washington Area; such increase inc xxxxx shall become effective the first day of the next year. (b) The maximum Maximum may be increased above the amount which can be set by the Board with the affirmative vote of two-thirds (2/3) of the votes of a Quorum of Members who own Lots in the Neighborhood.

Change in Maximum. From an and after the first day of the fiscal year immediately following the commencement of Neighborhood Assessments in the Neighborhood: (a) The Board of Trustees may increase the maximum each year by the greater of: (1) a factor of not more than five percent (5%) of the maximum for the current fiscal year; or (2) the percentage increase, if any, over the twelve (12) month period ending five (5) months prior to the start of the fiscal year, in the Consumer Price Index, or equivalent as published by the U.S. Labor Department for the Metropolitan Washington Area; such increase shall become effective the first day of the next year. (b) The maximum may be increased above the amount which can be set by the Board with the affirmative vote of two-thirds (2/3) of the votes of a Quorum of Members who own Lots in the Neighborhood.