Determination of Special Assessments Sample Clauses

Determination of Special Assessments. In addition to the Annual Assessments authorized above, the Board from time to time may promulgate and establish an Aggregate Special Assessment reasonably necessary for the purpose of paying, in whole or in part, the cost of (i) any deferred maintenance, (ii) the construction, reconstruction, repair, improvement or replacement of any Improvement which is owned or leased by the Association or which is situated in, on or under the Common Areas, or (iii) any unforeseen or unbudgeted cost, expense or obligation of the Association. The portion of the Aggregate Special Assessment which each Owner shall pay to the Association shall be computed in accordance with Section 8.05 of this Declaration. Any Special Assessment collected by the Association shall only be used for the purposes for which such Special Assessment was adopted by the Board. The Board may also levy a Special Assessment directly against any Owner to reimburse the Association for costs incurred in bringing that Owner and Building Site into compliance with the Declaration, any amendments thereto, the Articles and the Bylaws after notice to the Owner and an opportunity to be heard by the Board pursuant to rules of order promulgated by the Board from time to time. In the event any Owner objects to all or part of any Special Assessment or any Aggregate Special Assessment or both by written notice to the Board within fifteen (15) days after notice to the Owner of the Assessment, the matter shall be submitted to Arbitration pursuant to and upon the terms and conditions set forth in Section 11.13 of this
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Determination of Special Assessments. The purpose of this section is to explain the reasonable basis of the special assessments. The reasonable basis for the special assessments is based on the following:
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Determination of Special Assessments. No later than August 1st of each fiscal year that this Agreement remains in effect, the City of Redwood City shall provide, in electronic format (diskette, CD, magnetic tape, or electronic mail), a complete list of its special assessments that are to be included in the County’s annual tax billing to the County of San Mateo’s Controller’s Office.
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Determination of Special Assessments. No later than August 1st of each fiscal year that this Agreement remains in effect, [TAXING ENTITY] shall provide, in electronic format (diskette, CD, magnetic tape, or electronic mail), a complete list of its special assessments that are to be included in the County’s annual tax billing to the County of San Mateo’s Controller’s Office.
Sample 1
Determination of Special Assessments. The Association, acting through its Board, may from time to time determine and levy one or more Special Assessments to cover expenses as set forth in Article 7.2.2 above. All special assessments shall be allocated among all Lots and Units in the same manner as regular assessments and dues, unless such special assessment benefits substantially fewer than all Lots and Units, in which event such special assessment shall be levied against only the Lots and Units so benefitted. The Board shall have reasonable discretion in apportioning responsibility to pay such special assessments. The Board shall hold a public meeting at least sixty (60) days prior to issuing any special assessment.
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Related to Determination of Special Assessments

  • Special Assessments Sellers shall pay all special assessments which are a lien on the Real Estate as of the date of this contract. All other special assessments shall be paid by Xxxxxx.

  • Certain Determinations For purposes of determining whether and the extent to which the Total Payments will be subject to the Excise Tax: (i) no portion of the Total Payments the receipt or enjoyment of which the Executive shall have waived at such time and in such manner as not to constitute a “payment” within the meaning of Section 280G(b) of the Code will be taken into account; (ii) no portion of the Total Payments will be taken into account which, in the opinion of tax counsel (“Tax Counsel”) reasonably acceptable to the Executive and selected by the Accounting Firm, does not constitute a “parachute payment” within the meaning of Section 280G(b)(2) of the Code (including by reason of Section 280G(b)(4)(A) of the Code) and, in calculating the Excise Tax, no portion of such Total Payments will be taken into account which, in the opinion of Tax Counsel, constitutes reasonable compensation for services actually rendered, within the meaning of Section 280G(b)(4)(B) of the Code, in excess of the “base amount” (as set forth in Section 280G(b)(3) of the Code) that is allocable to such reasonable compensation; and (iii) the value of any non-cash benefit or any deferred payment or benefit included in the Total Payments will be determined by the Accounting Firm in accordance with the principles of Sections 280G(d)(3) and (4) of the Code. The Executive and the Company shall furnish such documentation and documents as may be necessary for the Accounting Firm to perform the requisite calculations and analysis under this Section 6 (and shall cooperate to the extent necessary for any of the determinations in this Section 6(c) to be made), and the Accounting Firm shall provide a written report of its determinations hereunder, including detailed supporting calculations. If the Accounting Firm determines that aggregate Total Payments should be reduced as described above, it shall promptly notify the Executive and the Company to that effect. In the absence of manifest error, all determinations by the Accounting Firm under this Section 6 shall be binding on the Executive and the Company and shall be made as soon as reasonably practicable and in no event later than 15 days following the later of the Executive’s date of termination of employment or the date of the transaction which causes the application of Section 280G of the Code. The Company shall bear all costs, fees and expenses of the Accounting Firm and any legal counsel retained by the Accounting Firm.

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