Failure to Assess. Failure of the Board of Directors to establish assessment amounts or rates, or to deliver or mail to each Owner an assessment notice shall not be deemed a waiver, modification, or a release of any Owner from the obligation to pay assessments. In such event, each Owner shall continue to pay assessments on the same basis as during the last year for which an assessment was made, if any, until a new assessment is levied, at which time the Association may retroactively assess any shortfalls in collections.
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Failure to Assess. Failure The omission or failure of the Board of Directors to establish fix the assessment amounts or rates, rates or to deliver or mail to each Owner an assessment notice shall not be deemed a waiver, modification, or a release of any Owner from the obligation to pay assessments. In such event, each Owner shall continue to pay assessments Base Assessments and Neighborhood Assessments on the same basis as during for the last year for which an assessment was made, if any, until a new assessment is leviedmade, at which time the Association may retroactively assess any shortfalls in collectionsCollections may be assessed retroactively by the Association.
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Samples: Declaration of Covenants, Conditions, and Restrictions
Failure to Assess. Failure The failure of the Board of Directors to establish fix the assessment amounts or rates, or to deliver or mail to each Owner an the assessment notice shall not be deemed a waiver, modification, modification or a release of any Owner from of the obligation to pay assessments. In such event, each Owner shall continue to pay assessments on the same basis as during for the last year for which an assessment was made, if any, made until a new assessment is leviedmade, at which time the Association may retroactively assess any shortfalls in collectionscollections may be assessed retroactively by the Association.
Appears in 1 contract
Samples: Declaration of Covenants, Conditions and Restrictions
Failure to Assess. Failure The omission or failure of the Board of Directors to establish fix the assessment amounts or rates, rates or to deliver or mail to each Owner an assessment notice shall not be deemed a waiver, modification, or a release of any Owner from the obligation to pay assessments. In such event, each Owner shall continue to pay assessments Base Assessments and Neighborhood Assessments on the same basis as during for the last year for which an assessment was made, if any, until a new assessment is leviedmade, at which time the Association may retroactively assess any shortfalls in collectionscollections may be assessed retroactively by the Association.
Appears in 1 contract
Samples: Declaration of Covenants, Conditions, and Restrictions
Failure to Assess. Failure The omission or failure of the Board of Directors to establish assessment fix the Assessment amounts or rates, rates or to deliver or mail to each Owner an assessment Assessment notice shall not be deemed a waiver, modification, or a release of any Owner from the obligation to pay assessmentsAssessments. In such event, each Owner shall continue to t pay assessments annual Assessments on the same basis as during for the last year for which an assessment Assessment was made, if any, made until a new assessment Assessment is leviedmade, at which time the Association may retroactively assess any shortfalls in collectionscollections may be assessed retroactively by the Association.
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Samples: Master Deed
Failure to Assess. Failure The omission or failure of the Board of Directors to establish fix the assessment amounts or rates, rates or to deliver or mail to each Owner an assessment notice shall not be deemed a waiver, modification, modification or a release of any Owner from the obligation to pay assessments. In such eventevents, each Owner shall continue to pay annual assessments on the same basis as during for the last year for which an assessment was made, if any, made until a new assessment is leviedmade, at which time any short falls in collections may be assessed retroactively by the Association may retroactively assess any shortfalls in collectionsAssociation.
Appears in 1 contract
Samples: Declaration of Covenants, Conditions and Restrictions