Purpose of Assessments. The assessments levied by the Association shall be used exclusively to promote the recreation, health, safety, and welfare of the residents for the improvement and maintenance of the Common Area, streets, lawn and landscaped areas.
Purpose of Assessments. The Assessments levied by the Association shall be used exclusively to promote the economic interests, safety, and welfare of all of the Owners of Units in the Project, and the tenants and other occupants of such Units, and to enable the Association to perform its obligations hereunder.
Purpose of Assessments. The assessments levied by the Association shall be for the purpose of promoting the recreation, scenic enjoyment, health, welfare and safety of the residents and for protecting, advancing and promoting the environment of the properties for the common benefit and enjoyment of the owners and occupants of residences, improvement and maintenance of the common areas and other common facilities and areas of common responsibilities including but not limited to repair, replacement and additions thereto, and for the cost of labor, equipment and materials, management and supervision thereof, all as may be authorized from time to time by the Board of Directors.
Purpose of Assessments. 7 3.3 Budgets........................................................7 3.4
Purpose of Assessments. The assessments levied by the Association shall be used exclusively to pay the Common Expenses (as defined in Article 1), reimburse the Association for the costs incurred in bringing an Owner into compliance with the Project Documents and only such other purposes expressly set forth in this Declaration.
Purpose of Assessments. The assessments provided for herein shall be used for the general purposes of promoting the recreation, health, safety, welfare, common benefit, and enjoyment of the Owners and occupants of the Lots, including the maintenance of real and personal property, all as may be more specifically authorized from time to time by the Board of Directors.
Purpose of Assessments. All Assessments shall be made solely for the purpose of conducting subsequent operations on Prospects upon which evaluation had begun during the Partnership’s initial operations, or on leases sufficiently related to such Prospects as to merit, in the Managing General Partner’s judgment, additional operations to fully develop those Prospects.
Purpose of Assessments. The Assessments levied by the Association shall be used for the purpose of carrying out the rights, purposes, powers, duties and obligations of the Association as defined in this Declaration and in the Articles of Incorporation and By-Laws, including but not limited to: the acquisition, management, maintenance, improvement, restoration, renovation, reconstruction and/or replacement of all or any part of the Common Areas or any Improvements situated therein; the maintenance of reserve funds for the maintenance, improvement, restoration, renovation, reconstruction and/or replacement of all or any part of the Common Areas or the Improvements situation thereon; the administration and enforcement of the Declaration; and the repayment of any debt or other obligation of the Association, together with any interest thereon.
Purpose of Assessments. The annual and special Assessments provided for herein shall be used for the payment of Common Expenses (not including any Clubhouse or any Swim and Tennis Facilities) and for the general purposes of promoting the recreational, health, education, safety, welfare, common benefit and enjoyment of the Owners and Occupants of the Property, and otherwise for the general upkeep and maintenance of the Property.
Purpose of Assessments. The assessments levied by the Association shall be used exclusively to promote the recreation, health, safety and welfare of the Owners and residents of the Property, to construct, manage, improve, maintain, repair and administer the Common Area and Amenities contracting for services for the benefit of the Owners, and for payment of any other costs and expenses incurred by the Association in connection with the performance of its duties, obligations and responsibilities hereunder. An adequate reserve fund shall be maintained for working capital and for the periodic maintenance, repair and replacement of those improvements and elements of the Common Area, Amenities and any other property that must be replaced on a periodic basis. Such reserve fund shall be maintained out of the regular annual assessments.
