Neighborhood Expense definition

Neighborhood Expense. : shall mean the actual and estimated expenses which the Association incurs or expects to incur for the benefit of Owners within a particular Neighborhood or Neighborhoods, which may include a reasonable reserve for capital repairs and replacements and a reasonable administrative charge, as may be authorized pursuant to this Declaration or in the Supplementary Declaration(s) applicable to such Neighborhood(s).
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Neighborhood Expense. . “Neighborhood Expense” means and refers to the following expenses, including but shall not be limited to: (a) costs of insurance, if any, from time to time obtained by the Association attributable to a Neighborhood; (b) costs of operating and maintaining all other improvements and easement areas for which the Association is responsible for maintaining, repairing and/or replacing, including but not limited to the grass, landscaping and irrigation system located on all of the Lots attributable to a Neighborhood; (c) all utility charges and other taxes on Association-owned property attributable to a Neighborhood; (d) the cost of the Association’s performance of all obligations imposed upon the Association by this Declaration, the Association’s Articles of Incorporation, the Association’s Bylaws attributable to a Neighborhood; (e) operating costs of the Association attributable to a Neighborhood; (f) costs and fees of accountants, attorneys and other professionals retained by the Board of Directors to serve, represent or advise the Association attributable to a Neighborhood and (g) costs of irrigation water furnished to Lots. Neighborhood Expenses are a component of the Common Expenses, but rather than being charged to all Owners in the Property, they are charged to the applicable Neighborhood. The Board of Directors, in its reasonable discretion, shall determine which expenses of the Association shall be charged as a Neighborhood Expense or a Common Expense. Neighborhood Expenses will vary among the various Neighborhoods, as determined by the Board of Directors, in its reasonable discretion.
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Examples of Neighborhood Expense in a sentence

  • In the event of an insured loss, the deductible shall be treated as a Common Expense or a Neighborhood Expense in the same manner as the premiums for the applicable insurance coverage.

  • Such budget shall include a capital contribution establishing a reserve fund for repair and replacement of capital items maintained as a Neighborhood Expense, if any, within the Neighborhood.

  • If a Neighborhood Association fails to perform its responsibility as required herein, the Association may, in addition to any other enforcement rights available to the Association, perform it and assess all costs incurred by the Association against the Neighborhood Association as a Neighborhood Expense, in accordance with this Declaration.

  • Moreover, as Pickering himself acknowledges, there had been comingling of funds between the debtor and the Even Stevens entities prior to the filing of this bankruptcy and there are intercompany claims among the debtor and the Even Stevens entities.

  • The Board shall include in the Common Expense budget adopted pursuant to Section 8.1 or the Neighborhood Expense budgets adopted pursuant to Section 8.2, as appropriate, a capital contribution to fund reserves in an amount sufficient to meet the projected need with respect both to amount and timing by annual contributions over the budget period.

  • Such budget shall include a capital contribution establishing a reserve fund for repair and replacement for capital items maintained as a Neighborhood Expense, if any, within the Neighborhood.

  • The resultant volume determined by the prover or master meter, after application of any required correction factors, is divided by the metered volume to determine the meter factor.

  • The Association shall be responsible for the maintenance, repairs and replacement of the roof of each Villa Unit, and shall maintain appropriate hazard insurance to cover the costs of such repairs, the cost of which shall be a Neighborhood Expense, and assessed to the Owners of the Villa Units as a Villa Unit Assessment.

  • Develop a process for staff to define learning objective before applying for conferences to ensure effective use of funds.

  • Cubinkova V, Valachova B, Uhrinova I, Brezovakova V, Smolek T, Jadhav S, Zilka N (2018) Alternative hypotheses related to Alzheimer’s disease.

Related to Neighborhood Expense

  • Neighborhood means either of the following:

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Neighborhood electric vehicle means a self-propelled

  • Campground means that term as defined in section 12501 of the public health code, Act No. 368 of the Public Acts of 1978, being section 333.12501 of the Michigan Compiled Laws, except that campground does not include land or sites operated by this state or the federal government, and does not include a membership campground.

  • Transit village means a community with a bus, train, light rail,

  • Transient lodging means a room or a suite of rooms.

  • Site means the place or places where the permanent Works are to be carried out including workshops where the same is being prepared.

  • Skilled Nursing Facility means an institution or part thereof that is licensed as a Skilled Nursing Facility by the State of Florida, and is accredited as a Skilled Nursing Facility by The Joint Commission or recognized as a Skilled Nursing Facility by the Secretary of Health and Human Services of the United States under Medicare.

  • Medical Expense means an expense incurred at the time a past member or his or her health reimbursement account dependent is furnished the medical care or service. To be considered a medical expense under this act, the expense shall meet all of the following conditions:

  • Stormwater management planning area means the geographic area for which a stormwater management planning agency is authorized to prepare stormwater management plans, or a specific portion of that area identified in a stormwater management plan prepared by that agency.

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Covered Expense means expense incurred only for the following:

  • Campsite means any place where any bedding, sleeping bag, or other material used for bedding purposes, or any stove or fire is placed, established or maintained for the purpose of maintaining a temporary place to live, whether or not such place incorporates the use of any tent, lean-to, shack, or any other structure, or any vehicle or part thereof.

  • Regulatory Flood Protection Elevation means the “Base Flood Elevation” plus the “Freeboard”. In “Special Flood Hazard Areas” where Base Flood Elevations (BFEs) have been determined, this elevation shall be the BFE plus two (2) feet of freeboard. In “Special Flood Hazard Areas” where no BFE has been established, this elevation shall be at least two (2) feet above the highest adjacent grade.

  • Centers means the international agricultural and natural resources research centers that are members of the Consortium; and each a “Center”.

  • Public expense means that the LEA either pays for the full cost of the evaluation or ensures that the evaluation is otherwise provided at no cost to you, consistent with the provisions of Part B of the IDEA, which allow each State to use whatever State, local, Federal and private sources of support are available in the State to meet the requirements of Part B of the Act.

  • Transportation Expense means the cost of Medically Necessary conveyance, personnel, and services or supplies.

  • Decontamination means a process that attempts to remove or reduce to an acceptable level a contaminant exceeding an allowable threshold set forth in these Rules in a harvest batch or production batch.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Nursing facility means an institution as defined in Iowa Code chapter 135C. This definition does not include acute care settings.

  • operating site means a site, other than an aerodrome, selected by the operator or pilot-in-command or commander for landing, take-off and/or external load operations;

  • Extra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,

  • refurbishment means repairing of used electrical and electronic equipment as listed in Schedule I for extending its working life for its originally intended use and selling the same in the market or returning to owner;

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Maintenance Capital Expenditures means, for any period, the portion of the aggregate amount of all Capital Expenditures of the Borrower for such period attributable to maintenance of property, plant or equipment of the Borrower and the Restricted Subsidiaries, as determined in good faith by a Responsible Officer of the Borrower.