Neighborhood Assessments definition

Neighborhood Assessments means assessments levied against the Units in one or more particular Neighborhoods to fund Neighborhood Expenses, as more particularly described in this Declaration.

Neighborhood Assessments means assessments levied against the Lots and Dwelling Units in a particular Neighborhood or Neighborhoods to fund Neighborhood Expenses, as more particularly described in Sections 1 and 3 of Article X of these Amended and Restated Covenants.

Neighborhood Assessments means assessments levied against the Units in a particular Neighborhood or Neighborhoods to fund Neighborhood Expenses, as described in Article VII, Section 4.

Examples of Neighborhood Assessments in a sentence

• If the Board determines that Regular Assessments or Neighborhood Assessments for the then current year are or will become inadequate to meet Common Expenses for any reason, it shall determine the estimated amount of such inadequacy and levy a Special Assessment against each Lot and Owner responsible for such Assessment.

• US (contributes 33% on sales) grew by 8%, RoW (23% on sales) by 9.4% (QoQ).

• The Board may, in its discretion, establish reserve accounts funded from Regular Assessments or Neighborhood Assessments in reasonable amounts for such purposes and in such categories as are determined by the Board.

• Regular Assessments and Neighborhood Assessments as to Lots brought under the Declaration pursuant to Section 2.02 shall commence on the first day of the month following the conveyance of the first Lot therein by Declarant to any Owner other than an affiliate of Declarant.

• Each Owner, by acceptance of a deed to his or her Unit, acknowledges that all Common Assessments and Neighborhood Assessments levied hereunder are annual assessments due and payable in advance on the first day of the fiscal year; however the Board may permit any assessment to be paid in installments.

More Definitions of Neighborhood Assessments

Neighborhood Assessments. Assessments levied against the Lots in a particular Neighborhood or Neighborhoods to fund Neighborhood Expenses, as more particularly described in Sections 10.1 and 10.4.

Neighborhood Assessments means assessments levied in accordance with Section 9.7 below.

Neighborhood Assessments means assessments for common expenses provided for herein or by any Subsequent Amendment which shall be used for the purposes of promoting the recreation, health, safety, welfare, common benefit, and enjoyment of the Owners and occupants of the Units against which the specific Neighborhood Assessment is levied and of maintaining the properties within a particular Neighborhood or Neighborhoods, all as may be specifically authorized from time to time by the Board of Directors and as more particularly authorized herein. Any Neighborhood Assessment shall be levied equally against all Units in the Neighborhood(s) benefiting from the services supported thereby, provided that in the event of assessments for exterior maintenance of structures, or insurance on structures or replacement reserves which pertain to particular structures (pursuant to an amendment to this Declaration), such assessments for the use and benefit of particular Units shall be levied on a pro rata basis among the benefited Units.

Neighborhood Assessments means and refer to assessments levied against Lots and Dwellings in a particular Neighborhood to fund Neighborhood Expenses.

Neighborhood Assessments means the amounts assessed against each Lot subject to Assessments in a particular Neighborhood or Neighborhoods, representing the Lot’s share of the Neighborhood Expenses as determined in accordance with Sections 11.2 and 11.5.

Neighborhood Assessments means assessments levied against the Lots in a particular Neighborhood or Neighborhoods as more particularly described in Article V, Sections 2 and 4 of this Declaration.

Neighborhood Assessments means assessments levied against the Lots in a particular Neighborhood to fund Neighborhood Common Expenses.