Assessment Installment definition

Assessment Installment means, as to each Property, the portion of the principal amount of an Assessment, together with the interest on the Assessment, due and payable pursuant to an Assessment Contract that shall be collected on the property tax bill for a particular Tax Year pertaining to such Property.

Assessment Installment means annual payments as provided for in the Assessment Agreement to be made by or on behalf of the Property Owner to repay the C-PACER Financing.

Assessment Installment means, as to each Participating Parcel, the portion of the principal amount of the Assessment, together with the interest on the Assessment, due and payable pursuant to an Assessment Contract pertaining to such Participating Parcel.

Examples of Assessment Installment in a sentence

• The obligation to pay the Assessment set forth in this Agreement is an obligation of the Property and no agreement or action of the Property Owner (other than repayment of the Assessment in full in accordance with the terms of the Financing Agreement) will impair in any way the Capital Provider’s right to pursue foreclosure of the C-PACER Lien or the right to enforce the collection of the Assessment or any Assessment Installment against the Property.

• Property Owner agrees that the Assessment will be included on the Property’s tax xxxx or stand-alone xxxx and agrees to repay all Assessment obligations which are due and payable to the Local Government on the date designated on the Property’s tax xxxx or stand-alone xxxx for payment of the Assessment Installment.

• The obligation to pay the Assessment set forth in this Agreement is an obligation of the Property and no agreement or action of the Property Owner (other than repayment of the Assessment in full in accordance with the terms of the Financing Agreement) will impair in any way the right to pursue foreclosure of the C-PACER Lien or the right to enforce the collection of the Assessment or any Assessment Installment against the Property.

• By execution hereof, the Owner covenants and agrees as follows: The Owner will pay the Assessment Installment Payments at the times and in the amounts set forth on Exhibit C, and acknowledges that failure to pay any Assessment Installment Payment at the time and in the amounts due may result in loss of title to the Property, as described in Section 11.

• Notwithstanding the obligation of the County treasurer under Section 4 of this Agreement remit an Assessment Installment received to the Capital Provider, the County is not liable in any way for the debt of the Property Owner, is not a third-party obligor and is not pledging or lending its credit to the Property Owner or the Capital Provider.

• The obligation to pay the Assessment set forth in this Agreement is an obligation of the Property and no agreement or action of the Property Owner (other than repayment of the Assessment in full in accordance with the terms of the Financing Agreement) will impair in any way the right to pursue a tax sale with respect to the C-PACER Lien or the right to enforce the collection of the Assessment or any Assessment Installment against the Property.

• Even though the maximum annual Assessment Installment payments are amortized based on a single annual payment, if you make semi-annual property tax payments you may be required to make semi-annual payments on the principal amount of the assessment along with your semi-annual property tax payments.

• In the event such portion of the XXXX Xxxx is so foreclosed, the XXXX Xxxx otherwise shall survive the foreclosure to the extent of any unpaid and not yet due Assessment Installment Payments that were not the subject of such foreclosure.

• Amounts owed to the Capital Provider to be paid out of funds collected by the Metropolitan Delinquent Tax Attorney from a tax sale with respect to the Property pursuant to Section 4(b) for the payment of an overdue Assessment Installment, including any penalties and interest owed pursuant to the Financing Agreement and this Agreement, shall be remitted to the Capital Provider no later than thirty (30) days after receipt of said funds by the Trustee.

• The obligation to pay the Assessment set forth in this Agreement is an obligation of the Property and no agreement or action of the Property Owner (other than repayment of the Assessment in full in accordance with the terms of the Special Assessment Financing Agreement) will impair in any way the right to pursue foreclosure of the Special Assessment Lien or the right to enforce the collection of the Assessment or any Assessment Installment against the Property.

More Definitions of Assessment Installment

Assessment Installment means, as to the Assessment levied on each Parcel, the portion of the principal amount of the Assessment, together with the interest on the Assessment, due and payable pursuant to an Assessment Contract that shall be collected on the property tax bill pertaining to such Parcel.

Assessment Installment means the annual installments representing unpaid principal, accrued interest and the authorized and allocable portion of Administrative Expenses, placed on the property tax bill of each parcel within the Assessment District having an Unpaid Assessment.

Assessment Installment means the unpaid installments of the assessment due and payable within the calendar year for which application for deferral is made, including interest attributable to the installment. If the amount of the assessment installment or any prior installment thereof has become delinquent at the time of the initial application for deferral, the term includes any delinquent installments and interest, penalties or costs imposed as a result of the delinquency, which amounts shall be considered payable in the calendar year for which claim for deferral is made.

Assessment Installment means and refer to any installment amount authorized and permitted by the Board with respect to any assessment levied pursuant to this Declaration or the Act.