Examples of Affected Owners in a sentence
Such an increase to the annual installment payment amounts may cause financial hardship to the Affected Owners.
The October 22, 2019 Public Hearing will include amended resolutions permitting the assessment liens of the Affected Owners to be payable in 25 annual installments.
If two-thirds (2/3) of the voting power of the Owners whose Units were materially damaged as determined by the Board (the “Affected Owners”) and a majority of the voting power of the Members, including the Affected Owners, agree to any plan of Alternative Reconstruction, then the Board shall contract for the reconstruction of the damaged Improvement in accordance with the plan of Alternative Reconstruction, making use of whatever funds are then available to it.
It was recently discovered that, based on an unintended re- amortization of remaining assessment amounts for certain property owners (Affected Owners) in existing assessment projects, the Affected Owners’ annual installment payment amounts had been reduced below the original annual installment payment amount.
Furthermore, each Affected Owner shall cooperate with the other Affected Owner(s) in connection with any repairs or restoration to the Brandywine Town Center Shopping Mall.
Any Affected Owner shall have the right to perform such repair and maintenance with the prior written consent of the other Affected Owner(s).
The Architect (or other architect or engineer preparing the plans and specifications) shall furnish to each of the Affected Owners, and their Mortgagees, a set of the plans and specifications which it has prepared or caused to be prepared.
If two- thirds (2/3) of the voting power of the Owners whose residences were materially damaged, as determined by the Association ("Affected Owners") and a majority of the voting power of the Members, including the Affected Owners, agree to any plan of Alternative Reconstruction, then the Board shall contract for the reconstruction of the damaged Improvement in accordance with the plan of Alternative Reconstruction making use of whatever funds are then available to it.
During the year, some of the compensation arrangements have been settled with the Affected Owners.
This re- amortization has resulted in the Affected Owners not being on schedule to pay off their assessment liens in 20 equal annual installments, which is the maximum number of annual installments currently permitted by the Ordinance.