Maintenance Assessments Sample Clauses

The Maintenance Assessments clause establishes the obligation for parties, typically tenants or property owners, to contribute to the costs associated with maintaining shared facilities or common areas. In practice, this clause outlines how maintenance fees are calculated, the frequency of assessments, and the types of expenses covered, such as landscaping, repairs, or cleaning of communal spaces. Its core function is to ensure that all relevant parties share the financial responsibility for upkeep, thereby preventing disputes and ensuring the property remains in good condition.
Maintenance Assessments. The Estimated Operating Budget contained in the Prospectus contains estimated expenses of operating the Condominium Association and other parts of the Building during the fiscal year identified and the Schedule of Estimated Maintenance Charges indicates each Unit's share of such Budget. The Budget is an estimate only of costs to be incurred in the future. It is subject to modification at any time and from time to time to reflect changes in estimated expenses. Buyer understands that such modifications shall not affect Buyer’s obligations to purchase in accordance with the terms of this Agreement nor Seller's obligation to honor any written guaranty of the budget undertaken by Seller. Buyer understands and agrees that because the Condominium and Master Associations are an on-going entities, the budgets of, and assessments payable to, the Associations may increase (based upon actual operating expenses and projections thereof), both before and after the closing under this Agreement. (w)
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Maintenance Assessments. The making and collection of assessments against unit owners for common expenses shall be done pursuant to the By-Laws and subject to the following provisions:
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Maintenance Assessments. Company will provide for the collection and deposit of all general and special assessments and any other appropriate charges/fees as they become due and payable or as otherwise directed by the Board.
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Maintenance Assessments. 12 Section 8.1 Creation of the Lien and Personal Obligation of Assessments.................................... 12 Section 8.2
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Maintenance Assessments. All Maintenance Assessments (as hereinafter defined) for years prior to the year of Closing and all penalties and interest thereon shall be paid by Seller. The Transferred Interest's Share of any unpaid Maintenance Assessments assessed against the Project for the year of Closing shall be prorated between Seller and Purchaser as of the Closing Date on the basis of the exact number of days each will own the Transferred Interest during the year of Closing. If the amount of such Maintenance Assessments is not known at the Closing, closing adjustments will be finally made on the basis of the amount of the most recent Maintenance Assessments. Purchaser shall have the right, in the name Seller or Purchaser, to contest or appeal any such Maintenance Assessment. The Transferred Interest's Share of any unpaid Maintenance Assessments for the year of it shall be paid by Purchaser, and Purchaser will assume the same at Closing. Purchaser shall be allowed as a credit against that portion of the Purchase Price payable in cash at the Closing, the amount so assumed. The owner of the Remaining Interest shall be liable for the Remaining Interest's Share of any unpaid Maintenance Assessments for the year of Closing. For the purposes hereof, "Maintenance Assessments" shall mean all amounts payable by Seller, as the owner of the Project, under any declaration, easement or other agreement for the maintenance, repair or use by the Project of any road, street sign, easement, utility (including any storm sewer or sanitary sewer) , common area or other area.
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Maintenance Assessments 
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Related to Maintenance Assessments

  • Impact Assessments 5.1 The Parties shall: (a) provide all reasonable assistance to the each other to prepare any data protection impact assessment as may be required (including provision of detailed information and assessments in relation to Processing operations, risks and measures); and (b) maintain full and complete records of all Processing carried out in respect of the Personal Data in connection with the contract, in accordance with the terms of Article 30 GDPR.

  • Security Assessments Upon advance written notice by the JBE, Contractor agrees that the JBE shall have reasonable access to Contractor’s operational documentation, records, logs, and databases that relate to data security and the Contractor’s Information Security Program. Upon the JBE’s request, Contractor shall, at its expense, perform, or cause to have performed an assessment of Contractor’s compliance with its privacy and data security obligations. Contractor shall provide to the JBE the results, including any findings and recommendations made by Contractor’s assessors, of such assessment, and, at its expense, take any corrective actions.

  • Risk Assessments a. Risk Assessment - DST shall, at least annually, perform risk assessments that are designed to identify material threats (both internal and external) against Fund Data, the likelihood of those threats Schedule 10.2 p.2 occurring and the impact of those threats upon DST organization to evaluate and analyze the appropriate level of information security safeguards (“Risk Assessments”). b. Risk Mitigation - DST shall use commercially reasonable efforts to manage, control and remediate threats identified in the Risk Assessments that it believes are likely to result in material unauthorized access, copying, use, processing, disclosure, alteration, transfer, loss or destruction of Fund Data, consistent with the Objective, and commensurate with the sensitivity of the Fund Data and the complexity and scope of the activities of DST pursuant to the Agreement. c. Security Controls Testing - DST shall, on approximately an annual basis, engage an independent external party to conduct a review (including information security) of DST’s systems that are related to the provision of services. DST shall have a process to review and evaluate high risk findings resulting from this testing.

  • Maintenance, Etc The Company will maintain, preserve and keep, and will cause each Consolidated Subsidiary to maintain, preserve and keep, its properties which are used in the conduct of its business (whether owned in fee or a leasehold interest) in good repair and working order, ordinary wear and tear excepted, and from time to time will make all necessary repairs, replacements and renewals as the Company may determine to be appropriate to the conduct of its business.

  • Loss Assessment We will pay up to $1000 for your share of loss assessment charged during the policy period against you by a corporation or as- sociation of property owners, when the assess- ment is made as a result of: