Unpaid Assessments. Any Property assessments which become a lien attached to the Property prior to the Closing Date shall be paid by the Seller, without proration. Any public improvements, now installed but not yet filed as a lien, shall be paid by Buyer Seller. Any Owners Association assessments that are due and payable prior to the Effective Date of this Agreement shall be paid by Buyer Seller. Any Owners Association assessments known to the parties at the time of the Effective Date of this Agreement that become due prior to Closing but after the date of Effective Date of this Agreement shall be paid by Buyer Seller. Any Owners Association assessments that are approved by the Association prior to the Closing Date but do not become due and payable until after the Closing date shall be paid by Buyer Seller.
Unpaid Assessments. If, on the Closing Date, Seller's Assets or any part thereof are or will be subject to assessments that are to become due and payable after the Closing Date, all such assessments shall be obligations and liabilities of Seller and shall be paid by Seller on or prior to the Closing Date, or, at the election of Seller, offset against the Purchase Price; provided, that there shall be no obligation, liability or offset for any unpaid portion of assessments which will benefit the Buyer after the Closing Date. All assessments which Seller's Assets are subject to as of the Closing Date are listed as liabilities on Schedule 3.9 hereto (which schedule shall be updated as of the Closing Date). On the Closing Date, Buyer and Seller shall prorate the unpaid assessments based on the benefits received or to be received by the respective party prior to or subsequent to the Closing Date.
Unpaid Assessments. The City has determined that the Assessments remaining unpaid are as shown on the Certificate re Paid and Unpaid Assessments, presented to the Council, and the aggregate amount thereof is $668,420.49. For a particular description of the parcels of land bearing the respective assessment numbers set forth in said Certificate re Paid and Unpaid Assessments and upon which Assessments remain unpaid, severally and respectively, reference is hereby made to the Assessment Roll and to the assessment diagram contained in the Final Engineer’s Report as recorded in the office of the Director of Public Works and on file in the office of the City Clerk.
Unpaid Assessments. There are no unpaid assessments for public improvements against the Property. The Property is not subject to assessments for any street paving or curbing heretofore laid. Sewer, water, gas and electric lines adequate to service the Property are located on, or adjacent to, the Property, and there are no unpaid assessments or charges for the installation of such utilities or for making connection thereto that have not been fully paid. There are no special assessments or preliminary assessments of any kind which will affect the Property.
Unpaid Assessments. Except as reflected in the Title Commitment, Seller has received no notice of: (i) unpaid assessments for public improvements against the Property, (ii) assessments for any street paving or curbing heretofore laid, and (iii) outstanding unpaid assessments or charges against the Property for the installation of any utilities or for making connection thereto that have not been fully paid, (iv) there are no special assessments relating to the Property;
Unpaid Assessments. Any assessments by the Association which are not paid by a member within such reasonable time as shall be designated by vote of the member at the meeting at which the assessment is made, or in the by-laws of the Association, shall bear interest at a rate per annum determined by the Board of Directors or as provided in the by-laws, from such date until paid, and shall constitute a lien upon the land owned by such member. Such lien shall have priority over all other liens, including without limitations mortgages, deeds of trust or any other lien hereafter placed upon any Site, except a first mortgage or deed of trust securing a loan by a bona fide institutional lender, to which such lien shall be subordinate. The amount of any such lien may be enforced by suit or otherwise, at the election of the Association, and the Owner will reimburse the Association for all attorney’s fees and expenses incurred in so doing, the amount of which shall also constitute a lien on the Site as herein provided.
