Collection of Assessments Sample Clauses
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Collection of Assessments. The Tax Assessor-Collector will collect the installments of the Assessments and remit the amount collected to the City daily by electronic funds transfer, after deducting the amount due to the County as billing and collection fees, as provided in paragraph 11 below. The Tax Assessor-Collector and the County Attorney will also collect any delinquent installments of the Assessments, including filing suits for foreclosure of the lien securing the Assessments provided in Sec. 372.018 of the PID Act. All of the terms of Sec. 372.018 of the PID Act and all of the provisions of the Texas Tax Code with respect to payment, refunds, delinquency, penalties and interest, waiver of penalties and interest, costs and expenses of collection, attorney’s fees, personal liability, installment payment of delinquent amounts, suits, lien foreclosure, limitation of collection, redemption, and other matters related to the collection of property taxes will also apply to the collection of the installments of the Assessments, except that the provisions of Texas Tax Code Sec. 32.06 on property tax loans and the transfer of tax liens, and Secs. 33.045, 33.06, and 33.065 on the deferral of collection of property taxes on certain residential homesteads will not apply. Billing and collection of the installments of Assessments on property for which the tax lien has been transferred to a transferee or that is subject to such deferral of collection of taxes will remain the responsibility of the City, as provided in paragraphs 2.3 and 2.4 above. Any partial collection of delinquent taxes and delinquent installments of Assessments will be divided prorata among the entities imposing the taxes and the Assessments without preferring one entity over another. During the term of this Agreement, only the Tax Assessor-Collector will collect the installments of the Assessments. If any payments are received by the City for amounts billed by the Tax Assessor-Collector on the City’s behalf, they will be remitted to the Tax Assessor-Collector. The City will notify the Tax Assessor-Collector if any Assessment is prepaid to the City, in full or in part.
Collection of Assessments. 1. Signatories shall pay any assessments owing to the Marketing Committee and shall not charge producers any assessments for the Marketing Agreement.
2. The Marketing Committee may allow the Department’s Supervisor of Standardization to collect assessments from signatories on its behalf pursuant to A.R.S. § 3-485(B).
3. Signatories shall file with the Marketing Committee or the Supervisor of Standardization reports of cartons of leafy green products shipped as are periodically required by the Marketing Committee.
4. The first signatory that ships a carton shall be responsible for paying the assessment if the carton is sold to another signatory. Only one assessment shall be paid for each carton of leafy green products.
Collection of Assessments. The City covenants and agrees that it will, as authorized by the Act and other applicable law, collect or enter into an interlocal agreement for the collection of Assessments levied pursuant to the Plan during the term of this Agreement in the manner and to the maximum extent permitted by applicable law. The City covenants and agrees that to the extent permitted by applicable law, it will not permit a reduction, abatement, or exemption in the Assessments due on property in the District until the District Bonds have been paid in full. The City shall use good and sound practices to collect, or cause the collection of, the Assessments consistent with the City's policies and standard practices applicable to the collection of City taxes and assessments.
Collection of Assessments. Regular Assessments shall be determined on an annual basis as set forth in Section 4.3A of this Declaration, and shall be collected on a quarterly basis unless the Members agree otherwise. Special Assessments and Reimbursement Assessments may be collected in one (1) payment or periodically as the Members agree.
Collection of Assessments. The Association hereby authorizes Agent to request, demand, collect, receive and receipt for any and all charges which may at any time be or become due to the Association and to take such action deemed necessary pursuant to the Association Documents (as herein defined), in the name of the Association, by way of legal process by written Board approval or otherwise, as may be required for the collection of delinquent assessments. Association Documents are herein defined as the Declaration of Covenants, Conditions and Restrictions of The Reserve at ▇▇▇▇▇ Island. Articles of Incorporation and Bylaws, Rules & Regulations, and all amendments to such Association Documents from time to time.
Collection of Assessments. (a) The City covenants and agrees that it will, as authorized by the PID Act and other applicable law, continuously collect or cause to be collected Assessments levied pursuant to the Service and Assessment Plan during the term of this Agreement in the manner and to the maximum extent permitted by applicable law. The City covenants and agrees that to the extent permitted by applicable law, it will not permit a reduction, abatement, or exemption in the Assessments due on any portion of the Property until the PID Bonds related to that particular portion of the Property are no longer outstanding, whether as a result of payment in full, defeasance, or otherwise. The City shall use best efforts to collect the Assessments consistent with the City’s policies and standard practices applicable to the collection of City ad valorem taxes and assessments.
(b) Notwithstanding anything to the contrary contained herein or in the Service and Assessment Plan, once PID Bonds are issued, the Assessment Revenues collected annually from the Property will be deposited in the Pledged Revenue Fund and transferred in the priority set forth in the Indenture.
(c) Owner will be reimbursed for Actual Costs associated with the Authorized Improvements from Assessments collected by the City and held by the City pursuant to the Reimbursement Agreement. Any reimbursement obligation to Owner under the Reimbursement Agreement will be subordinate to payment of the applicable PID Bonds.
(d) Further, notwithstanding anything to the contrary herein, the City covenants and agrees to use best efforts to contract with Travis County Tax Collector for the collection of the Assessments such that the Assessments will be included on the ad valorem tax bill(s) for the Assessed Properties and will be collected as part of and in the same manner as ad valorem taxes.
Collection of Assessments. In the event any Owner shall fail to pay any Assessment, or installment thereof, charged to such Owner within ten (10) days after the same becomes due, then the Association, through its Board, shall have any and all of the following remedies to the extent permitted by law, which remedies are cumulative and which remedies are not in lieu of, but are in addition to, all other remedies available to the Association set forth in this Declaration, the ▇▇▇▇▇▇▇ Square Documents or the HOA Act:
1. To accelerate the entire amount of any Assessment for the remainder of the calendar year notwithstanding any provisions for the payment thereof in installments.
2. To advance on behalf of the Owner(s) in default funds to accomplish the needs of the Association up to and including the full amount for which such Owner(s) is liable to the Association and the amount or amounts of monies so advanced, together with Interest and all costs of collection thereof, including, but not limited to, Legal Fees, may thereupon be collected by the Association from the Owner(s) and such advance by the Association shall not waive the default.
3. To file an action in equity to foreclose its lien at any time after the effective date thereof as provided in Section 2 hereinabove. The lien may be foreclosed by an action in the name of the Association in like manner as a foreclosure of a mortgage on real property.
4. To file an action at law to collect said Assessment plus Interest and all costs of collection thereof, including, but not limited to, Legal Fees, without waiving any lien rights or rights of foreclosure in the Association.
5. To charge Interest on such Assessment from the date it becomes due, as well as a late charge not to exceed the greater of Twenty-Five Dollars ($25.00) or five (5%) percent of the amount of each installment of Assessments that is paid past the due date to defray additional collection costs.
6. To suspend the right of the Owner(s) in default to vote on any matter on which Owners have the right to vote if such Owner is delinquent in payment of Assessments or other any monetary obligation due the Association for more than ninety (90) days and until such monetary obligations are paid in full.
7. To suspend the right of the Owner(s), along with their family members, guests, invitees and tenants to use certain common areas and the Recreational Areas located within the Association Property if such Owner is delinquent in payment of Assessments or any other monetary obliga...
Collection of Assessments. The Association through its Board authorizes Agent to take such action or to engage third- parties as may be necessary to collect unpaid periodic assessment payments which are due from Owners pursuant to the Governing Documents. The Association expressly authorizes Agent to pursue delinquent accounts in accordance with applicable law and the procedures set forth in the Governing Documents for the Association, with all such costs of collection, to be paid by the Association and charged back to the individual homeowner as and to, the extent permitted by applicable law and the Governing Documents and, upon Board approval, institute legal proceedings through the Association’s legal counsel on behalf of the Association for the foreclosure of those liens or other encumbrances and for the collection of unpaid assessments or other charges, including costs of collection. In the event it becomes necessary to institute legal proceedings, those proceedings shall be brought in the name of the Association, upon the direction of the Board. Agent is authorized to waive late fees as a one- time courtesy to an owner who becomes delinquent and rectifies delinquency, not to include hard costs.
Collection of Assessments. MAINTENANCE FEES Agent shall collect (and give receipts for, if necessary) all monthly and other assessments and other monies that are due the Association with respect to the Property and for all rental or other payments from concessionaires, if any. HOWEVER, Agent shall have no authority or responsibility to collect delinquent assessments or other charges except to send notices of delinquency. Association authorizes Agent to obtain, when necessary, collection/legal help in an effort to collect debt owed to Association.
Collection of Assessments. (a) The City covenants and agrees that it shall, as authorized by the PID Act and other applicable law, continuously collect or cause to be collected Assessments levied pursuant to the Service and Assessment Plan during the term of this Agreement in the manner and to the maximum extent permitted by applicable law. The City covenants and agrees that to the extent permitted by applicable law, it will not permit a reduction, abatement, or exemption in the Assessments due on any portion of the Property until the PID Bonds related to that particular portion of the Property are no longer outstanding, whether as a result of payment in full, defeasance or otherwise; provided that certain portions of the Property, as defined in the Service and Assessment Plan, will not be subject to the Assessments. The City shall use good and sound practices to collect the Assessments consistent with the City’s policies and standard practices applicable to the collection of City taxes and assessments.
(b) Notwithstanding anything to the contrary contained herein or in the Service and Assessment Plan, the Assessment Revenues collected annually from the Property will be deposited in the Bond Pledged Revenue Account of the Pledged Revenue Fund and thereafter transferred as more particularly set forth in the Indenture.
(c) Further notwithstanding anything to the contrary contained herein, the City covenants to use diligent, good faith efforts to contract with Hays County for the collection of the Assessments such that the Assessments will be included on the ad valorem tax bill(s) for the Property and will be collected as part of and in the same manner as ad valorem taxes.