Common use of COMMENCEMENT OF PAYMENT OF REGULAR ASSESSMENTS Clause in Contracts

COMMENCEMENT OF PAYMENT OF REGULAR ASSESSMENTS. The Member shall make the first payment on their Regular Assessment out of escrow. The first payment will be for a full monthly Regular Assessment, assuming a thirty (30) day month, starting on the date the Member accepts occupancy as determined by the date set forth in the first paragraph of this Occupancy Agreement. If the Member accepts occupancy on a date that is not the first of the month, the first Regular Assessment shall be prorated starting on the date after the expiration of the first thirty (30) days through the end of the first month. Thereafter, the Member shall pay their Regular Assessment as specified in Section 2.1, on or before the first day of each month.

COMMENCEMENT OF PAYMENT OF REGULAR ASSESSMENTS. ‌ The Member shall make the first payment on their Regular Assessment out of escrow. The first payment will be for a full monthly Regular Assessment, assuming a thirty (30) day month, starting on the date the Member accepts occupancy as determined by the date set forth in the first paragraph of this Occupancy Agreement. If the Member accepts occupancy on a date that is not the first of the month, the first Regular Assessment shall be prorated starting on the date after the expiration of the first thirty (30) days through the end of the first month. Thereafter, Thereafter the Member shall pay their Regular Assessment as specified in Section 2.1, on or before the first day of each month.