Common use of Special Assessments for Capital Improvements Clause in Contracts

Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association may levy, in any assessment year, a special assessment applicable to that year only for the purpose of defraying in whole or in part, the costs not covered by insurance of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Area, including fixtures and personal property related thereto, provided that any such assessment shall have the assent of two- thirds (2/3) of the votes of each class of members who are voting in person or by proxy at a meeting duly called for this purpose.

Appears in 1 contract

Sources: Declaration of Party Wall Agreement, Common Roof Agreement, Cross Easement, Covenants, Conditions and Restrictions

Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association may levy, levy in any assessment year, a special assessment applicable to that year only for the purpose of defraying defraying, in whole or in part, the costs not covered by insurance cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Area, including fixtures and personal property related thereto, thereto provided that any such assessment shall have the assent of two- two-thirds (2/3) of the votes of the members of each class of members who are voting in person or by proxy at a meeting duly called for this purpose.

Appears in 1 contract

Sources: Covenant Agreement

Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association may levy, in any assessment year, a special assessment applicable to that year only for the purpose of defraying defraying, in whole or in part, the costs not covered by insurance cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Areaimprovement, or to repair any Privacy Walls, including fixtures and personal property related thereto, provided that any such assessment shall have the assent of two- two-thirds (2/3) of the total votes of each class of members all Members who are voting in person or by proxy at a meeting duly called for this purpose.

Appears in 1 contract

Sources: Covenants and Restrictions

Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association may levy, in any assessment year, a special assessment Special Assessment applicable to that year only for the purpose of defraying defraying, in whole or in part, the costs not covered by insurance cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Area, including fixtures and personal property related thereto, provided that any such assessment shall have the assent of two- two-thirds (2/3) of the votes of each class of members who are voting in person or by proxy at a meeting duly called for this purpose.

Appears in 1 contract

Sources: Declaration of Covenants, Conditions, Restrictions and Easements

Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association may levy, in any assessment year, a special assessment applicable to that year only for the purpose of defraying in whole or in part, the costs not covered by insurance cost of any construction, reconstruction, repair repair, or replacement of a capital improvement upon the Common Area, including fixtures and personal property related thereto, provided that any such assessment shall have the assent consent of two- thirds two-­‐thirds (2/3) of the votes of each class of Association members who are voting in person or by proxy at a meeting duly called for this purpose.

Appears in 1 contract

Sources: Declaration of Covenants, Conditions, and Restrictions

Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association may levy, in any assessment year, a special assessment applicable to that year only for the purpose of defraying defraying, in whole or in part, the costs not covered by insurance cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Areacommon area, including fixtures and personal property related thereto, provided that any such assessment shall have the assent written consent of two- the Owners of the Lots, comprising two-thirds (2/32/3rds) or more of the votes of each class of members who are voting acres situated in person or by proxy at a meeting duly called for this purposeall the Lots.

Appears in 1 contract

Sources: Commercial Industrial Lease Agreement (Argyle Security, Inc.)

Special Assessments for Capital Improvements. In addition to the annual assessments assessment authorized above, the Association may levy, in any assessment year, a special assessment applicable to that year only for the purpose of defraying defraying, in whole or in part, the costs not covered by insurance cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Area, including fixtures and personal property related thereto, provided that any such assessment shall have the assent of two- two-thirds (2/3) majority of the votes of or each class of members who are voting in person or by proxy at a meeting duly called for this purpose.

Appears in 1 contract

Sources: Restrictive Covenants

Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association may levy, in any assessment year, a special assessment applicable to that year only for the purpose of defraying pay in whole or in part, the costs not covered by insurance cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Area, including fixtures and personal property property, if any, related thereto, provided that any such assessment shall have the assent of two- two-thirds (2/32/3rds) of the votes of each class of the Association members who are voting in person or by proxy at a meeting duly called for this purpose.

Appears in 1 contract

Sources: Declaration of Easements, Covenants, Conditions and Restrictions

Special Assessments for Capital Improvements. In addition to the annual assessments authorized above, the Association may levy, in any assessment year, a special assessment applicable to that year only for the purpose of defraying defraying, in whole or in part, the costs not covered by insurance cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Area, including fixtures and personal property related thereto, provided that any such assessment shall have the assent of two- two-thirds (2/3) majority of the votes of each class of members who are voting in person or by proxy at a meeting duly called for this purpose.

Appears in 1 contract

Sources: Restrictive Covenants and by Laws

Special Assessments for Capital Improvements. In addition to -------------------------------------------- the annual assessments authorized above, the Association may levy, in any assessment year, a special assessment applicable to that year only for the purpose of defraying defraying, in whole or in part, the costs not covered by insurance cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Area, including fixtures and personal property related thereto, provided that any such assessment shall have the assent vote or written consent of two- two-thirds (2/32/3rds) or more of the votes of each class of members who are voting in person or by proxy at a meeting duly called for this purposemembers.

Appears in 1 contract

Sources: Lease Agreement (Savoir Technology Group Inc/De)

Special Assessments for Capital Improvements. In addition to the annual assessments assessment authorized above, the Association may levy, levy in any assessment calendar year, a special assessment assessment, applicable to that year only for the purpose purposes of defraying defraying, in whole or in part, the costs not covered by insurance cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Areacommon area, including fixtures and personal property related thereto, provided that any such assessment shall have the assent of two- two-thirds (2/3) of the votes vote of each class of members who are voting in person or by proxy at in a meeting duly called for this purpose.

Appears in 1 contract

Sources: Restrictive Covenants