Delinquent Assessments. (a) Assessments, including but not limited to, Mutual Assessments and GRF Assessments levied pursuant to the Governing Documents shall be delinquent fifteen (15) days after they become due.
(b) If Assessments are delinquent, the Mutual may recover all of the following:
(i) reasonable costs incurred in collecting the delinquent Assessments, including reasonable attorney’s fees;
(ii) a late charge not exceeding ten percent (10%) of the delinquent Assessments or ten dollars ($10.00), whichever is greater; and
(iii) interest on all sums imposed in accordance with this Article 5, including the delinquent Assessments, reasonable fees and costs of collection, at an annual interest rate not to exceed twelve percent (12%), commencing thirty (30) days after the Assessments become due.
Delinquent Assessments. (a) In addition to other sums that have become or will become due pursuant to the terms of this Occupancy Agreement, Member shall pay to the Corporation all of the following with respect to any Regular Assessment, Special Assessment, Property Tax Assessments and Individual Special Assessment (collectively, “Assessments”) due from Member that are more than fifteen (15) days in arrears:
(1) Reasonable costs incurred in collecting the delinquent amount, including reasonable attorneys' fees;
(2) A late charge not to exceed ten percent (10%) of the delinquent amount or $10.00, whichever is greater; and
(3) Interest on any delinquent amount, reasonable costs of collection, and late charges, at an annual percentage rate not to exceed twelve percent (12%) interest, commencing thirty (30) days after the Assessments become due.
(b) The delinquent amount plus the amount set forth in (a) shall constitute a lien on Member's stock in the Corporation and shall be a personal obligation of Member. Said lien shall be deemed to include subsequent delinquent Assessments and amounts due on account thereof.
Delinquent Assessments. Snohomish County 911 shall, within seven (7) business days of the due date, send notice to any delinquent Principal and provide a 60-day cure period from the original due date of the payment. If such Assessments, are not paid in full within 60 (sixty) days of the original due date, then the Principal delinquent in payment of Assessments shall upon such 60th day be deemed immediately converted to the status of a Subscriber as described in Section 14. In the event a Principal converted to Subscriber status due to non-payment of fees shall not have paid in full all Assessments owing by six (6) months after the original due date, then the Governing Board may terminate services to such Subscriber, which termination shall not absolve the Subscriber of its obligation to pay all Assessments past due, together with all accrued interest, calculated at 1.5% per month from the date the Assessment was originally due.
Delinquent Assessments. Assessments not paid when due by a Principal shall begin to accrue interest on the date the Assessment was originally due and shall continue until the Assessment is paid (together with all accrued interest) in full at the Federal Prime Rate plus 3%. Snohomish County 911 shall, within seven (7) business days of the due date, send notice to any delinquent Principal and provide a 60-day cure period from the original due date of the payment, during which period the Assessment shall accrue interest as provided in the immediately preceding sentence. If such Assessments and accrued interest are not paid in full within 60 (sixty) days of the original due date, then the Principal delinquent in payment of Assessments shall upon such 60th day be deemed immediately converted to the status of a Subscriber and subject to penalty as described in Section 14. In the event a Principal converted to Subscriber status due to non-payment of fees shall not have paid in full all Assessments and interest owing by six
Delinquent Assessments. To the best of Seller's knowledge, there is no delinquent special assessment relating to the Property, except as shown in the Preliminary Title Report.
Delinquent Assessments. All assessments and related charges not paid on or before the due date shall be delinquent, and the delinquent Association shall be in default. An Association’s Joint Committee’s votes shall automatically be suspended during any period in which that Association is more than thirty (30) days delinquent on any assessment or charge, and the Association’s Joint Committee members shall be ineligible to vote on any matter until the Association’s account balance has been paid in full. The Joint Committee members from the non-defaulting Association shall have full control over the Joint Committee until the delinquent Association’s account balance has been paid in full.
(a) If any assessment, fine, or charge is not paid in full within ten (10) days of the due date, a late charge equal to the greater of ten dollars ($10.00) or ten percent (10%) of the amount not paid, may be imposed without further notice or warning to the delinquent Association, and interest at the rate of eighteen percent (18%) per annum, shall accrue from the due date.
(b) If partial payment of an assessment, fine, or charge is made, the amount received may be applied by the Joint Committee, in respective order, to post-judgment attorney’s fee from any prior judgment, if any, then to costs and attorney's fees not reduced to a judgment, then to interest, then to late charges, then to delinquent assessments and then to current assessments.
(c) If an assessment, fine, or charge due from an Association remains delinquent and unpaid for more than thirty (30) days from the date due, and if the Joint Committee has permitted the assessment to be paid in monthly, quarterly, or semi-annual installments, then a notice of delinquency may be given to that delinquent Association stating that if the unpaid assessment or charge remains delinquent for more than ten (10) days from the date of the notice of delinquency, the Joint Committee may accelerate and declare immediately due all of that Association's unpaid installments of the assessment. If the Association fails to pay all amounts currently due within ten (10) days of the date of the notice of delinquency, the Joint Committee may then accelerate and declare immediately due all installments of the assessment without any further notice being given to the delinquent Association. Upon acceleration, that Association shall thereby lose the privilege of paying the assessment in installments, unless reinstated in the Joint Committee’s discretion. The notice of acce...
Delinquent Assessments. The Trustee reserves the right to prohibit a Member from utilizing his Points to reserve Accommodations, in the event of a delinquency in the payment of any amounts due to Fairfield or any other seller, lender or lienholder related to such Member’s Accommodation or Points, or in the event of a delinquency in the payment of the FairShare Plus Assessment to the Trust or the payment of any amounts due from such Member to a POA.
Delinquent Assessments. In the event an assessment is not paid within thirty (30) days of the date it is due and payable, the Association, through its Board of Directors, may proceed to enforce and collect the said assessment, with interest at the maximum lawful rate of eighteen percent (18%) per annum, whichever is greater, against the unit Owner owing the same in the manner set forth in RSA 356-B:46. Each delinquent unit Owner shall be responsible for attorney’s fees, interest and costs incurred by the Association incident to the collection of such delinquent assessments or enforcement of any lien held by the Association for unpaid assessments.
Delinquent Assessments. The City shall be responsible for collection of those delinquent BID assessments (“Collection Efforts”). The City shall bear the costs of any city staff time associated with the Collection Efforts; however, the amount of any fees or charges imposed by collection agencies retained by the City to effect Collection Efforts shall be subtracted from the BID assessment that is subject to collection and retained by the City.
Delinquent Assessments. The amount of delinquent Assessments, if any, and interest and penalties thereon, if any, that have been collected by City that are available for disbursement to Corporation for District Programs shall be disbursed in accordance with the disbursement schedule in Section
4.1. The City shall be under no obligation to make a special disbursements of delinquent Assessments except as provided in Section 4.1.
