Limited Assessment means a charge against a particular Owner for an expense directly attributable to the Owner, equal to the cost incurred or estimated to be incurred by the Association in connection with corrective action or maintenance, repair, replacement and operation activities performed pursuant to the provisions of this Declaration, including correcting damage to or maintenance, repair, replacement and operation activities performed for any Common Area for the failure of an Owner to keep the Owner’s Lot in proper repair, and including interest thereon as provided in this Declaration or for any goods or services provided by the Association benefiting less than all Owners.
Limited Assessment means a charge against a particular Owner and such Owners Building Lot, directly attributable to the Owner, equal to the cost incurred by the Association for corrective action performed pursuant to the provisions of this Declaration or any Supplemental Declaration, including interest thereon as provided in this Declaration or a Supplemental Declaration.
Limited Assessment means: (a) a charge against a particular Owner for an expense directly attributable to such Owner, equal to the cost incurred or estimated to be incurred by the Association in connection with corrective action or maintenance, repair, replacement and operation activities performed pursuant to the provisions of this Declaration, including correcting damage to or maintenance, repair, replacement and operation activities performed for any Common Area, Limited Common Area, or Maintenance Property; or (b) a charge against one or more Owners, but less than all Owners, for the purpose of paying costs and expenses for goods or services provided to those Owner or Owners being charged where such goods and services do not benefit all Owners, in each event including interest thereon as provided in this Declaration.
Examples of Limited Assessment in a sentence
Agencies such as the Maine Patent Program and/or law firms typically provide clients a Limited Assessment or Prior Art Search Report.
Said Limited Assessment shall be due and payable at such time or in such installments as may be determined by the Board, in its sole discretion.
Any such Limited Assessment shall be due within fifteen (15) days of the date written notice thereof is delivered to the responsible Owner.
The Board of Directors shall levy a Limited Assessment against the Owner to reimburse the Association for the cost of such maintenance, repair or corrective action, together with any other cost or expense, including attorney’s fees, arising out of or incident to such maintenance, repair or corrective action or the collection of the assessment therefore.
In case the Judge authorises a division in kind, under the provisions of section 113, the order of the Judge confirming the report of the appraiser shall operate as a definite allotment of shares.
More Definitions of Limited Assessment
Limited Assessment. Limited Assessment shall mean a charge against a particular Owner and such Owners Building Lot, directly attributable to the Owner, equal to the cost incurred by the Association for corrective action or maintenance, repair, replacement and operation activities performed pursuant to the provisions of this Declaration or any Supplemental Declaration, including, without limitation, damage to or maintenance, repair, replacement and operation activities performed for any Common Area or the failure of an Owner to keep the Owner’s Building Lot in proper repair, including interest thereon as provided in this Declaration or a Supplemental Declaration or for nay goods or services provided by the Association benefiting less than all Owners.
Limited Assessment means an assessment levied against an Owner by the Association for costs and expenses incurred by the Association for corrective action performed pursuant to this Declaration, which is required as a result of the willful or negligent actions or omissions of such Owner or such Owner’s family members, tenants, guests, contractors, agents or invitees.
Limited Assessment. An Assessment levied by the Association upon one or more Lots, but not upon all Lots within the Subdivision for the purpose of securing payment by the Owner(s) thereof of amounts expended by the Association to correct a condition prohibited or to cure an Owner’s breach hereunder. Lot: A portion of the Property which is a legally described tract or parcel of land within the Subdivision of which is designated as a Lot on any record subdivision plat relating to the property.
Limited Assessment means an assessment levied against an Owner by the Association for costs and expenses incurred by the Association for the construction, installation, maintenance, repair and replacement of Common Area and/or Limited Common Area, and equipment and facilities located thereon, including any corrective action necessitated due to damage by the negligent or willful acts or omissions of any Owner or occupant of a Unit who is occupying a Unit with the consent, either express or implied, of such Owner, as more particularly described in Section 9.7 herein.
Limited Assessment means an assessment levied for an improvement or modification to a specific Common(s) in the Community.
Limited Assessment means an Assessment by the Association against some, but less than all, of the Owners for common expenses arising out of or related to a particular project or effort undertaken by the Association that benefits (or primarily benefits) some, but less than all, of the Owners. Limited Assessment is further described in Section 4.3.
Limited Assessment means a charge against a particular Owner and such Owner's Lot directly attributable to the Owner, equal to the cost incurred by the Association in connection with corrective action or maintenance, repair, replacement, and operation activities performed pursuant to the provisions of this Declaration, including without limitation, damages to