Payment of Regular Assessments. The Qualifying Resident agrees to pay to the Mutual, in full each month, a monthly sum in an amount established by the Board of Directors and referred to herein as “Regular Assessments”, commencing on the first day of the month of execution of this Agreement, and continuing on the first of every month of each and every month thereafter. Should the Qualifying Resident execute this Agreement on any day after the first day of the month, the Qualifying Resident shall make a prorated payment for Regular Assessments covering the unexpired balance of the month.
Appears in 5 contracts
Samples: Occupancy Agreement, Occupancy Agreement, Occupancy Agreement
