Covenants for Assessments Sample Clauses

Covenants for Assessments. The Declarant, with respect to any portion of the Master Ground Lease Property (exclusive of Common Areas or Common Elements) which it leases under the Master Ground Lease, agrees and each Ground Lessee of any Lot (including any lessee under a Substitute Lease, and any purchaser at any non-judicial or judicial sale), by acceptance of a lease or other instrument of leasehold transfer for such Lot (whether or not it shall be so expressed therein), shall be deemed to agree, as a covenant running with the land, to pay to the Association, as and when the same shall become due and payable and without demand therefor, any and all Annual Assessments, any and all Special Assessments, and any and all Outdoor Water Features assessed, fixed or levied against such portion of the Master Ground Lease Property as is leased by said Person or against such Person by virtue of its interest in any 11 BN 32866176vl2

Covenants for Assessments. Each Owner of any portion of the Property, including any purchaser at any judicial sale or non-judicial sale under power, by acceptance of a deed or other instrument transferring ownership of such portion of the Property, whether or not it shall be so expressed in any such deed or other instrument, covenants and agrees and shall be deemed to covenant and agree to pay to the Association any annual Assessments or charges and any special Assessments, which Assessments are to be fixed, established and collected from time to time for the purposes of and as provided in this Declaration. [*] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Securities and Exchange Commission.

Covenants for Assessments