Common use of No Reduction of Assessments Clause in Contracts

No Reduction of Assessments. Following the issuance of the PID Bonds, the Developer agrees not to take any action or actions to reduce the total amount of the Assessments. The Developer agrees not to take any action or actions to reduce the total amount of such Assessments to be levied as of the effective date of this Agreement.

No Reduction of Assessments. Following the issuance of the each series of PID Bonds, the Developer agrees not to take any action or actions to reduce the total amount of the Assessments. The Developer agrees not to take any action or actions to reduce the total amount Assessments levied in payment of such Assessments to be levied as of the effective date of this AgreementPID Bonds.

No Reduction of Assessments. Following the issuance of the each series of PID Bonds, the Developer agrees not to take any action or actions to reduce the total amount of the AssessmentsAssessments levied in payment of such PID Bonds. The Developer agrees not to take any action or actions to reduce the total amount of such Assessments to be levied as of the effective date of this Agreement.