Common use of DATE OF COMMENCEMENT OF REGULAR ASSESSMENTS; DUE DATES Clause in Contracts

DATE OF COMMENCEMENT OF REGULAR ASSESSMENTS; DUE DATES. The Regular Assessments shall commence for Parcel C upon recordation of this Declaration. The Regular Assessments shall commence for each Parcel other than Parcel C on the date on which construction of any building Improvements on the Parcel have been substantially completed, and the Regular Assessments for all Parcels then subject to assessment shall be recalculated, on a going forward basis, as Parcels are added to the assessment roll. The first Regular Assessment for a Parcel shall be adjusted according to the number of months and any partial month (prorated on the basis of a 30-day month) remaining in the calendar year. The Board shall fix the amount of the Regular Assessment against each Parcel at least thirty (30) days in advance of each Regular Assessment period. Written notice of the Regular Assessment shall be sent to every Owner of a Parcel subject thereto. EXHIBIT F -13- PEREGRINE SYSTEMS CORPORATE CENTER [Peregrine Systems]