Special Individual Lot Assessments Sample Clauses

Special Individual Lot Assessments. The Association may levy an assessment against an individual Lot to reimburse the Association for those costs incurred properly chargeable by the terms hereof to a particular Lot (such as, but not limited to, the cost of enforcement of the Access Easement, or any other covenants and restrictions against a particular Lot, or arbitration costs properly chargeable against such Lot Owner.) Any such assessment shall become due and payable on such date as the Association determines and gives written notice to the Lot Owners subject thereto.
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Special Individual Lot Assessments. (1) The Board may levy an assessment against the Lot of an individual Member, or the Lots of Individual Members, to reimburse the Association for those costs incurred in connection with such Member or Member’s property and chargeable by the terms hereof to a particular Member or Members such as, but not limited to the cost of making repairs which would be the responsibility of the Member or Members, the cost incurred by the Association with respect to enforcing or defending this Declaration and any restrictions set forth in the Plats. Any such Assessments shall be due and payable on such date as the Board determines and gives written notice to such Member or Members subject thereto. The Board is authorized to charge 150% of the actual cost to remove or repair any matter that a member doesn’t rectify problem within 15 days after notice thereof.

Related to Special Individual Lot Assessments

  • Joint Assessment If the Building is not separately assessed, Real Property Taxes allocated to the Building shall be an equitable proportion of the Real Property Taxes for all of the land and improvements included within the tax parcel assessed, such proportion to be determined by Lessor from the respective valuations assigned in the assessor's work sheets or such other information as may be reasonably available. Lessor's reasonable determination thereof, in good faith, shall be conclusive.

  • No Joint Assessment Borrower shall not suffer, permit or initiate the joint assessment of the Property (a) with any other real property constituting a tax lot separate from the Property, and (b) which constitutes real property with any portion of the Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to such real property portion of the Property.

  • No Joint Assessment; Separate Lots Borrower has not suffered, permitted or initiated the joint assessment of the Mortgaged Property (i) with any other real property constituting a separate tax lot, and (ii) with any portion of the Mortgaged Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Mortgaged Property as a single lien. The Mortgaged Property is comprised of one or more parcels, each of which constitutes a separate tax lot and none of which constitutes a portion of any other tax lot.

  • Risk Assessments a. Risk Assessment - Transfer Agent shall, at least annually, perform risk assessments that are designed to identify material threats (both internal and external) against Fund Data, the likelihood of those threats occurring and the impact of those threats upon the Transfer Agent organization to evaluate and analyze the appropriate level of information security safeguards (“Risk Assessments”).

  • Real Estate Taxes and Assessments Xxxxx is aware that all property is subject to the possibility of reassessment which may result in increased real estate taxes.

  • Environmental Assessments Foreclose on or take a deed or title to any commercial real estate without first conducting a Phase I environmental assessment of the property or foreclose on any commercial real estate if such environmental assessment indicates the presence of a Hazardous Substance in amounts which, if such foreclosure were to occur, would be material.

  • Tax Service Contract; Flood Certification Contract Each Mortgage Loan is covered by a paid in full, life of loan, tax service contract and a paid in full, life of loan, flood certification contract and each of these contracts is assignable to the Purchaser;

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