Working Capital Fund. At Closing, Purchaser shall pay to the Association and to the Master Association each an amount equal to three (3) months’ regular assessments, as determined in accordance with the Declaration, such sum to be held in a working capital fund for each such association.
Appears in 6 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement
Working Capital Fund. At Closing, Purchaser shall pay to the Association and to the Master Association each an amount equal to three (3) months’ ' regular assessments, as determined in accordance with the Declaration, such sum to be held in a part of the working capital fund for each such association.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement
Working Capital Fund. At Closing, Purchaser shall pay to the Association and to the Master Association each an amount equal to three (3) months’ ' regular assessments, as determined in accordance with the Declaration, such sum to be held in a working capital fund for each such association.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement
Working Capital Fund. At Closing, Purchaser shall pay to the Association and to the Master Association each an amount equal to three (3) months’ regular assessments, as determined in accordance with the Declaration, such sum to be held in a working capital fund for each such associationthe Association.
Appears in 1 contract
Samples: Purchase and Sale Agreement
Working Capital Fund. At Closing, Purchaser shall pay to the Association and to the Master Association each an amount equal to three (3) months’ ' regular assessments, as determined in accordance with the Declaration, such sum to be held in a working capital fund for each such association.
Appears in 1 contract
Samples: Purchase and Sale Agreement
