Owners Personal Liability and the Lien Sample Clauses

Owners Personal Liability and the Lien. (a) An Owner must pay: (i) all his/her Personal Charges; and
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Owners Personal Liability and the Lien. (a) An Owner must pay: (i) all his/her Personal Charges; and (ii) those Basic and Special Charges due or incurred while he is an Owner. The Owner remains personally liable for these Charges (and interest, late charges, and collection enforcement costs including, but not limited to, court costs and legal fees on them), even after the Transfer to the New Owner.
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Owners Personal Liability and the Lien. (a) An Owner must pay: (i) all his/her Personal Charges; and (ii) those Basic and Special Charges due or incurred while he is an Owner. The Owner remains personally liable for these Charges (and interest, late charges, and collection enforcement costs including, but not limited to, court costs and legal fees on them), even after the Transfer to the New Owner. (b) A New Owner is not personally liable for any Charges and obligations of the Prior Owner due or incurred prior to the time the New Owner was recognized, if the New Owner receives a certificate from the Association that there are no unpaid charges. The Interval remains subject to a lien for all the Prior Owner`s unpaid Charges (including all interest, late charges and collection and enforcement costs including, but not limited to, court costs and legal fees) unless the New Owner obtains a clearance certificate. This lien is to secure the payment of Annual Fees and Personal Charges by an Owner (and all interest, late charges and collection and enforcement costs including, but not limited to, courts costs and legal fees). If such Charges are unpaid for longer than two (2) months, this lien or charge shall be enforceable by the same remedies as are available to a mortgagee (including, without limitation, a power of sale as provided in Section 6.19. The Association shall provide a statement of any amount claimed in respect of such lien and charge to any person requesting same. The Association may at its option from time to time postpone or waive such lien or charge. 6.17
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Owners Personal Liability and the Lien. (a) An Owner must pay: (i) all his/her Personal Charges; and (ii) those Annual Fees and Special Charges due or incurred while he is an Owner. The Owner remains personally liable for these Charges (and interest, late charges, and collection enforcement costs including, but not limited to, court costs and legal fees on them), even after the Transfer to the New Owner. (b) A New Owner is not personally liable for any Charges and obligations of the Prior Owner due or incurred prior to the time the New Owner was recognized, if the New Owner receives a certificate from the Association that there are no unpaid charges. The Interval remains subject to a lien for all the Prior Owner`s unpaid Charges (including all interest, late charges and collection and enforcement costs including, but not limited to, court costs and legal fees) unless the New Owner obtains a clearance certificate. ARTICLE VII THE RESPONSIBILITIES OF OWNER, EXCHANGE USER AND OCCUPANT FOR OTHER PEOPLE 7.01
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Related to Owners Personal Liability and the Lien

  • Personal Liability 14.1 In the case of a Fund organized as a Massachusetts business trust, a copy of the Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Board of Trustees of the Fund as Trustees and not individually and that the obligations of this instrument are not binding upon any of the Trustees or shareholders individually but are binding only upon the assets and property of the Fund; provided, however, that the Declaration of Trust of the Fund provides that the assets of a particular Series of the Fund shall under no circumstances be charged with liabilities attributable to any other Series of the Fund and that all persons extending credit to, or contracting with or having any claim against, a particular Series of the Fund shall look only to the assets of that particular Series for payment of such credit, contract or claim.

  • Professional Liability Before commencing work on this Agreement and throughout the term of this Agreement, the Party shall procure and maintain professional liability insurance for any and all services performed under this Agreement, with minimum coverage of $1,000,000 per occurrence, and $1,000,000 aggregate.

  • Professional Liability (Errors and Omissions) For consultant contracts, insurance appropriate to Consultant’s profession, with limit no less than $1,000,000 per occurrence or claim, $2,000,000 aggregate. If Contractor maintains broader coverage and/or higher limits than the minimums shown above, City requires and shall be entitled to the broader coverage and/or the higher limits maintained by Contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to City.

  • Errors and Omissions; Professional Liability Errors and Omissions or Professional Liability insurance, as may be required, covering damages arising out of negligent acts, errors, or omissions committed by Contractor in the performance of this Contract, with a liability limit of not less than $1,000,000 each claim. Contractor shall maintain this policy for a minimum of two

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