No Additional Assessments Sample Clauses
The "No Additional Assessments" clause prohibits either party from imposing extra fees, charges, or financial assessments beyond those explicitly outlined in the agreement. In practice, this means that once the contract is signed, neither side can demand unexpected payments such as special levies, surcharges, or other unlisted costs. This clause ensures financial predictability for all parties and protects them from unforeseen expenses, thereby promoting transparency and trust in the contractual relationship.
No Additional Assessments. To Seller’s knowledge, there are no special or general assessments, which are in addition to those which will be disclosed in the Title Report, that have been levied against or are proposed for the Property.
No Additional Assessments. Except as set forth below or as required by the Act, no Member shall be assessed for, or shall have the right to make, additional capital contributions (the following “Additional Capital Contributions,” together with the Initial Capital Contributions, are referred to herein collectively as the “Capital Contributions”).
No Additional Assessments. To Seller’s knowledge, there are no extraordinary governmental assessments or impositions levied against, applicable to, or proposed for the Property as distinct from ordinary ad valorem property taxes, which will be disclosed in the Title Report.
No Additional Assessments. Except as set forth below or as required by the Act, no Member shall be assessed for or shall have the right to make capital contributions (the “Capital Contributions”).