Reimbursement Assessment definition

Reimbursement Assessment means an amount expended on behalf of the Association collectable from an owner, usually for an infraction of the governing documents.

Reimbursement Assessment means a charge against a particular Owner and his Lot for the purpose of reimbursing the Association for expenditures and other costs of the Association incurred in curing any violation, directly attributable to the Owner, of this Declaration or the Rules and Regulations, pursuant to Article X, Section 6, hereof.

Reimbursement Assessment means amounts required to be repaid by an Owner pursuant to Section 9.6 hereof.

Examples of Reimbursement Assessment in a sentence

• A Reimbursement Assessment shall be due and payable to the Association when levied.

• The Board shall meet in executive session to consider or impose the Reimbursement Assessment, unless the Shareholder requests that the Board meet in open session.

• The decision of the Board to impose a Reimbursement Assessment shall be final and binding on the Shareholder.

• Prior to levying a Reimbursement Assessment against a Shareholder, the Board shall notify the Shareholder in writing of the Board’s intent to meet to consider or impose the Reimbursement Assessment, by either personal delivery or Individual Delivery at least ten (10) days prior to the meeting.

• If the Board determines to impose a Reimbursement Assessment against a Shareholder, the Board shall provide the Shareholder a written notification of the decision, by either personal delivery or Individual Delivery, within fifteen (15) days following the action.

More Definitions of Reimbursement Assessment

Reimbursement Assessment means the fee collected from a property as defined in a reim- bursement agreement.

Reimbursement Assessment means and refer to a charge against a particular Owner and his Condominium directly attributable to such Owner, for certain costs incurred by the Association in bringing the Owner and his Unit into compliance with the provisions of this Declaration, the Articles, the Bylaws or the Association Rules, or any other charge designated as a Reimbursement Assessment in this Declaration.

Reimbursement Assessment means an Assessment made against an Owner and his or her Lot in accordance with Section 4.4 of this Declaration.

Reimbursement Assessment means an Assessment levied on an Owner and his or her Lot, in accordance with Section 4.5 of this Declaration.

Reimbursement Assessment means a charge against a particular Owner and such Owner's Site for the purpose of reimbursing the Master Association for expenditures and other costs of the Master Association for correcting one or more of Owner's violations of this Declaration, the Articles of Incorporation, the Bylaws or the Rules and Regulations pursuant to the provisions of Section 7.3 hereof, together with late charges, interest and costs as provided for herein.

Reimbursement Assessment means any assessment levied against an Owner and his or her Lot for any of the following reasons (as described in Section 8.10 of the CC&Rs): (1) to reimburse the Association for costs incurred to maintain, repair, or replace property (including property within a Lot) when such damage is due to the act or neglect of such Owner or a member of his or her household, pet, tenant, invitee, or guest; (2) if the failure of such Owner or a member of his or her household, pet, tenant, invitee, or guest to comply with any provision of the Governing Documents has necessitated or resulted in an expenditure of funds by the Association to deal with such lack of compliance or to bring such person or the Lot into compliance; or (3) to reimburse the Association for any costs of collecting from an Owner any amount the Owner is obligated to pay the Association.

Reimbursement Assessment means a charge against a particular Owner and his Lot for the purpose of reimbursing the Community Association for expenditures and other costs incurred by the Community Association in curing any violation, directly attributable to the Owner, of the Community Declaration or the Rules and Regulations, together with late charges and interest as provided for herein, or for other expenditures and other costs owed by an Owner to the Community Association, as provided in Article VIII hereof.