Common use of Allotment Clause in Contracts

Allotment. 1.1 The Purchaser agrees to purchase and the Vendor/ Builder has agreed to allot to the Purchaser for sale the said Unit free from all encumbrances on the terms and conditions recorded herein. 1.2 The Purchaser shall pay to the Vendor/Builder, notwithstanding any demand from the Vendor/ Builder, the Agreed Consideration, Additional Payments and Mandatory Deposits/Advances/Extra Costs and the Vendor/Builder will issue receipts acknowledging such payments on their behalf, in the manner specified in Part-I and Part- II of the FIFTH and the SIXTH SCHEDULES hereunder written, respectively, and upon completion of such payments, the said Unit shall be deemed to have been allotted to the Purchaser SUBJECT TO the Purchaser first complying with and/or performing the terms conditions covenants and obligations required to be complied with and/or performed on the part of the Purchaser hereunder. 1.3 The Purchaser(s) hereby also agree(s) and confirm(s) that he shall not nor be entitled to claim any deduction or abatement in the amount of the Agreed Consideration, Additional Payments, Deposits or any other amounts agreed and payable by the Purchaser to Vendor/Builder, on any ground or reason whatsoever.

Appears in 2 contracts

Sources: Sale Agreement, Sale Agreement

Allotment. 1.1 The Purchaser agrees to purchase and the Vendor/ Vendors and the Builder has have agreed to allot to the Purchaser for sale the said Unit free from all encumbrances on the terms and conditions recorded herein. 1.2 The Purchaser shall pay to the Vendor/Builder, notwithstanding any demand from the Vendor/ Vendors and/or the Builder, the Agreed Consideration, Additional Payments and Mandatory Deposits/Advances/Extra Costs and the Vendor/Builder will issue receipts acknowledging such payments on their behalf, in the manner specified in Part-I and Part- Part-II of the FIFTH and the SIXTH SCHEDULES hereunder written, respectively, and upon completion of such payments, the said Unit shall be deemed to have been allotted to the Purchaser SUBJECT TO the Purchaser first complying with and/or performing the terms conditions covenants and obligations required to be complied with and/or performed on the part of the Purchaser hereunder. 1.3 The Purchaser(s) hereby also agree(s) and confirm(s) that he shall not nor be entitled to claim any deduction or abatement in the amount of the Agreed Consideration, Additional Payments, Deposits or any other amounts agreed and payable by the Purchaser to Vendor/Builder, on any ground or reason whatsoever.

Appears in 2 contracts

Sources: Sale Agreement, Sale Agreement

Allotment. 1.1 The Purchaser agrees to purchase and the Vendor/ Vendors and the Builder has have agreed to allot to the Purchaser for sale the said Unit free from all encumbrances on the terms and conditions recorded herein. 1.2 The Purchaser shall pay to the Vendor/Builder, notwithstanding any demand from the Vendor/ Vendors and/or the Builder, the Agreed Consideration, Additional Payments Taxes and Mandatory Deposits/Advances/Extra Costs Deposits and the Vendor/Builder will issue receipts acknowledging such payments on their behalf, in the manner specified in Part-I and Part- Part-II of the FIFTH and the SIXTH SCHEDULES hereunder written, respectively, and upon completion of such payments, the said Unit shall be deemed to have been allotted to the Purchaser SUBJECT TO the Purchaser first complying with and/or performing the terms conditions covenants and obligations required to be complied with and/or performed on the part of the Purchaser hereunder. 1.3 The Purchaser(s) hereby also agree(s) and confirm(s) that he shall not nor be entitled to claim any deduction or abatement in the amount of the Agreed Consideration, Additional Payments, Taxes and Deposits or any other amounts agreed and payable by the Purchaser to Vendor/Builder, on any ground or reason whatsoever.

Appears in 1 contract

Sources: Sale Agreement

Allotment. 1.1 The Purchaser agrees to purchase and the Vendor/ Builder Vendor has agreed to allot to the Purchaser for sale the said Unit free from all encumbrances on the terms and conditions recorded herein. 1.2 The Purchaser shall pay to the Vendor/BuilderOwner, notwithstanding any demand from the Vendor/ BuilderOwner, the Agreed Consideration, Additional Payments and Mandatory Deposits/Advances/Extra Costs and the Vendor/Builder Owner will issue receipts acknowledging such payments on their behalf, in the manner specified in Part-I and Part- Part-II of the FIFTH and the SIXTH SCHEDULES hereunder written, respectively, and upon completion of such payments, the said Unit shall be deemed to have been allotted to the Purchaser SUBJECT TO the Purchaser first complying with and/or performing the terms conditions covenants and obligations required to be complied with and/or performed on the part of the Purchaser hereunder. 1.3 The Purchaser(s) hereby also agree(s) and confirm(s) that he he/she/they shall not nor be entitled to claim any deduction or abatement in the amount of the Agreed Consideration, Additional Payments, Deposits or any other amounts agreed and payable by the Purchaser to Vendor/BuilderOwner, on any ground or reason whatsoever.

Appears in 1 contract

Sources: Sale Agreement