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 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 an Assessment levied in accordance with Section 10.4 to fund the Limited Common Elements Expenses.
Examples of Limited Assessment in a sentence
NRPSI Limited Assessment category15 DPSI ORAL/ AIT/ IND attainment only or equivalent 400 Minimum CRB vetting check.
More Definitions of Limited Assessment
Limited Assessment means (a) 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 performed pursuant to the provisions of this Declaration, including, without limitation, damage to any Common Area, Restricted Area, Maintenance Property or the failure of an Owner to keep such Owner’s Lot in proper repair, and including interest thereon as provided in this Declaration; or (b) a charge against one or more Owners, but less than all Owners for the purpose of paying costs and expenses benefiting less than all Owners.
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 a charge against a particular Owner and such Owner's Lot, directly attributable to the Owner, equal to the cost incurred by the Master Association or Local Association for corrective action performed pursuant to the provisions of this Declaration or any Supplemental Declaration, including, without limitation, damage to any Common Area, or the failure of an Owner to keep such Owner's Lot and/or Improvements in proper repair, and including interest thereon as provided in this Declaration and/or a Supplemental Declaration.
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 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 Building Lot, directly attributable to the Owner, equal to the cost incurred by the Master Association or Local Association in connection with corrective action performed pursuant to the provisions of this Master Declaration or any Supplemental Declaration, including interest thereon as provided in this Master Declaration or a Supplemental Declaration.