H OA(s) Responsibility for Costs Sample Clauses

H OA(s) Responsibility for Costs. The HOA(s) shall bear all costs and expenses associated with maintaining and operating the Parks, Trails and Open Space consistent with the maintenance standard applicable under Town’s Vested Code, but in any event in a commercially reasonable manner. The HOA(s) will also maintain insurance for the Parks, Trails and Open Space in the manner applicable under Utah law to HOA(s) common areas and the Town shall be named as an additional insured on all such policies of insurance. The CC&Rs will provide that in the event of the HOA(s) default on the obligation to maintain the Parks, Trails and Open Space then, in addition to other remedies, the Town may perform such maintenance and collect the costs thereof from the respective defaulting HOA(s) or, to the maximum extent allowed by law, collect a pro-rata share of such costs directly from the members of the HOA(s).
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Related to H OA(s) Responsibility for Costs

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