Delinquent Assessments definition
Examples of Delinquent Assessments in a sentence
The lien created pursuant to Article IV of the Declaration upon the recordation of a Notice of Delinquent Assessments shall be prior and superior to all liens except: 4.
Association shall execute the attached addendum to its agreement with its Management Company to authorize its Management Company to charge the Delinquent Unit ledgers for costs incurred by the Management Company related to the collection of Delinquent Assessments.
LMF shall retain ownership of the Delinquent Assessments and all future collected proceeds arising from the collection of Delinquent Assessments assigned pursuant to this Purchase Agreement.
LMF is considered a third-party payor for legal services provided to the Community Associations and will pay for services rendered by BLG to collect the Community Associations’ Ledger Amounts, Delinquent Assessments, Interest, Administrative Late Fees ,as all are further defined by the executed Purchase Agreements, , and to exercise its collection remedies pursuant to the Purchase Agreements.
Payment of amounts due shall be made within 10 days of the termination date and LMF shall reassign all Delinquent Assessments within 10 days of receipt of the termination payment.
Association continues to have Delinquent Assessments (as further defined herein) as set forth on the Schedule of Units attached hereto.
LMF pays Community Associations for an assignment of the proceeds of Community Associations' Delinquent Assessments as further defined pursuant to an executed Association Receivables Purchase Agreement ("Purchase Agreement") entered into between LMF and each respective Community Association.
LMF pays Community Associations for an assignment of the proceeds of Community Associations’ Delinquent Assessments as further defined pursuant to an executed Association Receivables Purchase Agreement (“Purchase Agreement”) entered into between LMF and each respective Community Association.
LMF is considered a third-party payor for legal services provided to the Community Associations and will pay for services rendered by BLG to collect the Community Associations' Ledger Amounts, Delinquent Assessments, Interest, Administrative Late Fees, as all are further defined by the executed Purchase Agreements, , and to exercise its collection remedies pursuant to the Purchase Agreements.
In exchange for LMF paying a Purchase Price for certain Delinquent Units on the Schedule of Units, Association has agreed to assign the Delinquent Assessments to LMF pursuant to the terms of this Purchase Agreement.