Club Assessments. Member agrees to pay Regular Club Assessments, Special Club Assessments, and minimum usage fees (collectively, “Club Assessments”), all of which are defined and described in the Covenant and subject to change from time to time. Member agrees to be responsible for all charges incurred by Member, its Ohana Members and all authorized guests of Member in their use of The Club Amenities. As provided for in the Covenant, the Club Assessment for a Unit in Kukui‘ula will assessed against each Unit owned by Member, whether such Unit is improved with a residence. Member agrees to pay all Club Assessments on or before the due date thereof. Member understands that delinquency in paying any amounts due may result in late charges, interest on the amount past due until paid at a rate determined by The Club (not to exceed 18% per annum), suspension of membership privileges (including charging privileges for merchandise and any golf privileges), disciplinary actions as reasonably determined by The Club. Member further agrees that if he or she is delinquent in paying any amounts due, The Club shall be entitled to recover from Member late charges, interest, and all costs and expenses which it reasonably incurs in attempting to collect the past due amounts, including attorneys fees and court costs. A lien against Member’s Unit secures payment of these amounts and may be enforced to the fullest extent allowed by law as provided in the Covenant.
Club Assessments. 4 3.2 Declaration......................................... 4 3.3
Club Assessments. Developer shall pay to Club all assessments and other charges levied pursuant to the Club Governing Documents as to all unsold Vacation Credits allocated to the Developer Property for which Developer has an interest in the sales proceeds, whether not yet sold or repossessed.
Club Assessments. 4 3.2 Declaration. . . . . . . . . . . . . . . . . . . . . . 4 3.3
