Condominium Assessments. Notwithstanding Borrower’s payment of annual assessments or special assessments levied under the terms of the Condominium Documents to provide any repairs to or maintenance of any of the common elements, Borrower shall deposit any Initial Replacement Reserve Deposit, Repairs Deposit and Monthly Replacement Reserve Deposit required pursuant to the terms of this Master Agreement.
Condominium Assessments. Agent shall have received evidence satisfactory to it that all Unit Owners Expenses (as defined in the Condominium Declaration) payable by FC Member to date have been paid;
Condominium Assessments. I will pay all Condominium Assessments imposed by the Condominium Association.
Condominium Assessments. Notwithstanding Borrower’s payment of annual assessments or special assessments levied under the terms of the Prairie Hills at Clinton Condominium Documents to provide any repairs to or maintenance of any of the common elements, Borrower shall deposit any Initial Replacement Reserve Deposit, Repairs Deposit and Monthly Replacement Reserve Deposit required pursuant to the terms of this Master Agreement.
Condominium Assessments. (a) Purchaser acknowledges that Purchaser has been fully advised that the Property is part of a Condominium organized under the District of Columbia Condominium Act of 1976, as amended, and that upon taking the title to the Property, Purchaser will have a continuing monthly obligation to pay in advance, when assessed by the Unit Owners Association, a share of the Common Expenses of operating and maintaining the Condominium, as indicated in the Condominium Instruments. The assessment will be based on the budget adopted from time to time by the Association. The projected budget for the first year of operation of the Condominium and a table of initial estimated monthly assessments is included in the Public Offering Statement. The projected budget is believed to be reasonably accurate, but no warranty is made or intended that the budget will not be increased either before or after settlement, nor may one be relied upon. The estimated assessment does not include real estate taxes on the Property.
(b) The phrase, "Initial Operating Period," as used in this Agreement, means the period of time commencing on the date that the Condominium is created and ending on the date that Units to which 75% of the Percentage Interests appertain have been conveyed by the Seller or two years from the conveyance of the first Unit, or on such earlier date as the Seller in its sole discretion may determine. During the Initial Operating Period, at Seller's election (i) the Seller shall pay the costs of operating the Condominium and (ii) each Unit Owner, in lieu of an assessment, shall pay to the Seller a fee in an amount equal to the units' estimated monthly condominium fee for each month. The Seller shall not be obligated to fund or otherwise contribute to any capital or other reserve for the Condominium during the Initial Operating Period.
Condominium Assessments. 363.25 5.1 Purchaser is obligated and agrees to pay monthly his or her Residential Unit’s Percentage Interest of the Common Expenses (including Residential Expenses) of the Condominium, as set forth in the Declaration. Seller's estimate of the initial monthly Condominium fee for the Residential Unit is $ The aforementioned fee(s) is/are only estimates and are not guaranteed by Seller.
Condominium Assessments. 5.1 Purchaser is obligated and agrees to pay monthly his or her Residential Unit’s Percentage Interest of the Common Expenses of the Condominium, as set forth in the Declaration and Bylaws. Seller's estimate of the initial monthly Condominium fee for the Residential Unit is $ . If applicable, the initial monthly Condominium fee for the Parking Unit is $ , such fee being subject to the same annual increases as the Condominium fees for the Residential Unit. The aforementioned fees are only estimates and are not guaranteed by Seller. Additionally, each owner of a Parking Unit will be charged initially a monthly fee of $15.00 for the Parking Unit pursuant to the Easement and Cost-Sharing Agreement.
Condominium Assessments. 5.1 Purchaser is obligated and agrees to pay monthly his or her Unit's Percentage Interest of the Common Expenses of the Condominium, as set forth in the Declaration. Seller's estimate of the monthly Condominium fee is $ for the Unit. Additionally, each owner of a Limited Common Element Parking Space will be charged initially a monthly fee of $25.00, such fees being subject to the same annual increases as the Condominium fees for the Units. The aforementioned fees are only estimates and are not guaranteed by Seller.
5.2 Purchaser is obligated and agrees to pay monthly his or her Residential Unit’s Percentage Interest of the Common Expenses of the Condominium, as set forth in Exhibit B to the Declaration. Seller's estimate of the initial monthly Condominium fee for the Residential Unit is as is set forth in Exhibit V-B to the Public Offering Statement. The aforementioned fees are only estimates and are not guaranteed by Seller.
Condominium Assessments. All condominium assessments shall be prorated as of the Initial Closing Date and any condominium funds held by Seller on behalf of the condominium association shall be transferred to Buyer.
Condominium Assessments. Tenant expressly agrees that pursuant to the Lease, it shall be responsible for the timely payment of all condominium assessment and charges related to the Retail Shop as a Leased Asset under the Lease
