Common use of Purpose of Assessments Clause in Contracts

Purpose of Assessments. The Assessments levied by the Association shall be used exclusively to promote the economic interests, safety, and welfare of all of the Owners of Units in the Project, and the tenants and other occupants of such Units, and to enable the Association to perform its obligations hereunder.

Appears in 2 contracts

Samples: Office Lease (Box Inc), Office Lease (Box Inc)

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Purpose of Assessments. The Assessments levied by the Association shall be used exclusively to promote for the economic interestspurpose of promoting the health, safety, safety and welfare of all the Members of the Owners of Units in the ProjectAssociation, and the tenants and other occupants of such Units, and to enable provide funds for the Association to perform carry out its duties and obligations hereunderand, in particular, for the improvement, landscaping and maintenance of the Association Maintenance Area and other services and facilities devoted to this purpose, if any.

Appears in 1 contract

Samples: Office Building Lease (Fair Isaac & Company Inc)

Purpose of Assessments. The Assessments assessments levied by the Association shall be used exclusively to promote for the economic interests, safety, and welfare purpose of all of providing the Owners of Units in the Project, and the tenants and other occupants of such Units, and Association with funds sufficient to enable the Association to perform discharge its obligations hereunderduties and responsibilities as provided in this Declaration.

Appears in 1 contract

Samples: Declaration

Purpose of Assessments. The Assessments assessment levied by the Association shall be used exclusively to promote for the economic interestsdischarge of the powers and duties of the Association, safetyincluding, inter alia, the improvement and maintenance of the Common Areas, the payment of taxes and insurance thereon, and welfare of all of the Owners of Units in the Projectrepair, replacement, and the tenants and other occupants of such Unitsadditions thereof, and to enable for the Association to perform its obligations hereundercost of labor, equipment, materials, management and supervision thereof.

Appears in 1 contract

Samples: Restrictive Covenant Agreement

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Purpose of Assessments. The Assessments levied by the Association shall be used exclusively to promote the economic interests, recreation, health, safety, and welfare of all of the Owners of Units and other residents in the Project, and the tenants and other occupants of such Units, Project and to enable the Association to perform its obligations hereunder.

Appears in 1 contract

Samples: Lease Agreement (Heritage Commerce Corp)

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