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the Units in the Neighborhood in accordance with its Neighborhood Governing Documents. 6.6.3 Subject to Section 6.7, annual Master Assessments and special Master Assessments shall be allocated among the Neighborhood Associations in accordance with Section 3.6. 6.6.4 Each Neighborhood Association shall pay its share of the Master Assessment to the Master Association in advance, monthly, quarterly or annually, as determined by the Master Board. Notice of a Master Assessment shall be given to the Members as provided in the Master Bylaws. 6.7 Liability for Master Assessments. Each Neighborhood Association shall be liable for the share of the Master Assessments levied against it. 6.7.1 Except as provided in Section 6.7.2, the liability for Master Assessments is absolute and unconditional and no Member or Owner is exempt from liability for payment of the Master Assessments by right of set-off, by waiver of use or enjoyment of any part of the Property, by reason of a Neighborhood Association's failure to collect Neighborhood Common Expenses from its members, by waiver of any rights, or by reason of any claim against the Master Developer, the Master Association or any of their respective officers, directors or agents for their failure to fulfill any duties under the Master Governing Documents or MCIOA. 6.7.2 Notwithstanding anything to the contrary in the Master Governing Documents or any Neighborhood Governing Documents, the Master Developer shall not be liable to pay any Master Assessment, nor any assessment levied by a Neighborhood Association for Master Assessments, with respect to any Unit owned by it, nor shall the Unit be subject to a lien for such Assessments, until the date on which a Dwelling constituting or located within the Unit has a certificate of occupancy or other comparable certification issued by the City. The Master Developer may, in writing, grant a similar exemption from liability for Master Assessments to a Neighborhood Developer or Builder. In addition, the Master Board may allocate a reduced share of the Master Assessment to certain Members to take into consideration (i) Neighborhoods which contain incomplete or unoccupied Dwellings, or (ii) Neighborhoods which are not otherwise receiving full services from the Master Association (regardless of who owns the Units). 6.8 Working Capital. There shall be established a working capital fund to meet Master Association operating expenses or to purchase additional equipment or services during the Master Association's beginning years of operation. 6.8.1 There shall be contributed on a one-time basis for each Unit sold and conveyed to a purchaser a working capital contribution in the amount of $250.00; provided, that a conveyance to a Neighborhood Developer or a Builder for purposes of construction or development of one or more Units shall be exempt from the foregoing contribution requirements. 17 2190398.v1