Shared driveway easement/covenants

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In such event, the Court's decision of reasonabieness shali be determinative, but the Administrator shall not be liable for damages in the event the Administrator's decisions are revoked, overruled, supplemented or otherwise amended. 5. Payment of Cost Shares. Each Owner of a Parcel shall pay the Administrator a sum equal to such Owner's Cost Share, in monthly, quarterly, semi- annual or annual installments, as determined by the Administrator. Unless otherwise elected by the Administrator, such installments shall be payable in advance, and shall be due on the first day of such payment period. Installments not paid within ten (10) days of the due date thereof shall accrue interest from such due date at the rate of three percent (3%) per annum above the prime rate published in the Money Rates section of the Wall Str�eet Joumal (or a comparable substitute rate chosen by the Administrator, if the Wall Street Jouma/ prime rate is no longer available), or at the highest interest rate permitted by law, whichever is less (the "Default Rate"). If payable in advance, such installments shall be based on the Administrator's reasonable estimate of Easement Area Costs made and given to each Owner of a Parcel at the beginning of each calendar year or as soon thereafter as may be reasonable. Within sixty (60) days after the end of each calendar year, or as soon thereafter as may be reasonable, the Administrator shall furnish an itemized statement of actual Easement Area Costs and each Parcel Owner's Cost Share thereof. If, at the end of any calendar year, the amount paid by the Owner of a Parcel during the preceding calendar year is less than such Owner's Cost Share, as shown on the statement, such Owner shall pay such deficiency within ten (10) days of notice thereof. In the event such Owner has paid more than its Cost Share, as shown on the statement, such overpayment shall be credited against the next payment due the Administrator hereunder. The Administrator may, in its discretion, and at any time or times, change its billing procedure or change its estimate of Easement Area Costs to reflect changes in the cost of items constituting Easement Area Costs. 6. Liabilitv Insurance: Waivers of Claims. The Owners shall carry, for the benefit of themselves and the Owners of the other Parcel, as a part of their property insurance, or as a rider thereto, liability insurance relating to their use and enjoyment of the Driveway Easement Area. Each Owner hereby waives any claims against each 6