Common use of PARCELS SUBJECT TO ASSESSMENT; ALLOCATION OF ASSESSMENTS Clause in Contracts

PARCELS SUBJECT TO ASSESSMENT; ALLOCATION OF ASSESSMENTS. Except as provided below, all Parcels within the Center are subject to Regular Assessments and to Special Assessments. All assessments (except for Reimbursement Assessments described in Section 3.8) shall be allocated among the Owners in the proportion the Parcel Area of each Owner's Parcel or Parcels subject to assessment bears to the total Parcel Area of all Parcels then subject to assessment under this Declaration. The Parking Structure Parcels shall not be subject to any assessments levied by the Association or otherwise under this Declaration. Parcels L and M shall not be assessed for any expenses of maintenance and repair of the Common Parking Area.

Appears in 5 contracts

Samples: Office Lease (Peregrine Systems Inc), Lease Option Agreement (Peregrine Systems Inc), Office Lease (Peregrine Systems Inc)

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