Common use of Breach of Buyer’s Covenants Clause in Contracts

Breach of Buyer’s Covenants. In the event the Buyer (1) fails to make payment of any part or portion of the Total Price, Extras and other charges, or (2) neglects or fails to perform the Buyer's Covenants and/or the obligations on the part of the Buyer to be performed in terms of this Agreement, this Agreement shall, at the option of the Developer, stand cancelled and/or rescinded, upon which the Developer shall refund to the Buyer all payments received till that date, without any interest, after deducting 10% (ten percent) of the Total Price. In the event the Developer condones the delay of any payment due under this Agreement, the Buyer shall be liable to pay interest @ 1.5% (one point five percent) per month or part thereof (compoundable monthly), for the period of delay, computed from the date the payment became due till the date of payment. However, such right to condone is exclusively vested in the Developer and the Buyer shall not be entitled to claim the same as a matter of right.

Breach of Buyer’s Covenants. In the event the Buyer (1) fails to make payment of any part or portion of the Total Price, Extras and other charges, or (2) neglects or fails to perform the Buyer's Covenants and/or the obligations on the part of the Buyer to be performed in terms of this Agreement, this Agreement shall, at the option of the Developer, stand cancelled and/or rescinded, upon which the Developer shall refund to the Buyer all payments received till that date, without any interest, after deducting 1020% (ten twenty percent) of the Total Price. In the event the Developer condones the delay of any payment due under this Agreement, the Buyer shall be liable to pay interest @ 1.512% (one point five twelve percent) per month annum or part thereof (compoundable monthly), for the period of delay, computed from the date the payment became due till the date of payment. However, such right to condone is exclusively vested in the Developer and the Buyer shall not be entitled to claim the same as a matter of right.

Breach of Buyer’s Covenants. In the event the Buyer Buyers (1) fails to make payment of any part or portion of the Total Price, Extras and other charges, or (2) neglects or fails to perform the Buyer's ’s Covenants and/or the obligations on the part of the Buyer Buyers to be performed in terms of this Agreement, this Agreement shall, at the option of the Developer, stand cancelled and/or rescinded, upon which the Developer shall refund to the Buyer Buyers all payments received till that datedate (excluding Service Tax/GST), without any interest, after deducting 1020% (ten twenty percent) of the Total Net Price. In the event the Developer condones the delay of any payment due under this Agreement, the Buyer Buyers shall be liable to pay interest @ 1.512% (one point five twelve percent) per month annum or part thereof (compoundable monthly)thereof, for the period of delay, computed from the date the payment became due till the date of payment. However, such right to condone is exclusively vested in the Developer and the Buyer Buyers shall not be entitled to claim the same as a matter of right.

Breach of Buyer’s Covenants. In the event the Buyer (1) fails to make payment of any part or portion of the Total Price, Extras Price and other chargesthe Extras, or (2) neglects or fails to perform the Buyer's Covenants and/or the obligations on the part of the Buyer to be performed in terms of this AgreementAgreement or (3) neglects to perform any of the Buyer’s Covenants, this Agreement shall, at the option of the Developer, stand cancelled and/or rescinded, upon which the Developer shall refund to the Buyer all payments received till that date, without any interest, after deducting 10% (ten percent) of the Total Price. Payments made by the Buyer for up-gradation shall be non-refundable. In the event the Developer condones the delay of any payment due under this Agreement, the Buyer shall be liable to pay interest @ 1.512% (one point five twelve percent) per month or part thereof (compoundable monthly), annum for the period of delay, delay (computed from the date the payment became due till the date of payment) on all amounts due and outstanding. However, such right to condone of condonation is exclusively vested in the Developer and the Buyer shall not be entitled to claim the same as a matter of right.

Breach of Buyer’s Covenants. In the event the Buyer (1) fails to make payment of any part or portion of the Total Price, Extras Price and other chargesthe Extras, or (2) neglects or fails to perform the Buyer's Covenants and/or the obligations on the part of the Buyer to be performed in terms of this AgreementAgreement or (3) neglects to perform any of the Buyer’s Covenants, this Agreement shall, at the option of the Developer, stand cancelled and/or rescinded, upon which the Developer shall refund to the Buyer all payments received till that date, without any interest, after deducting 10% (ten percent) of the Total Price. Payments made by the Buyer for up-gradation shall be non- refundable. In the event the Developer condones the delay of any payment due under this Agreement, the Buyer shall be liable to pay interest @ 1.512% (one point five twelve percent) per month or part thereof (compoundable monthly), annum for the period of delay, delay (computed from the date the payment became due till the date of payment) on all amounts due and outstanding. However, such right to condone of condonation is exclusively vested in the Developer and the Buyer shall not be entitled to claim the same as a matter of right.

Breach of Buyer’s Covenants. In the event the Buyer Buyers (1) fails to make payment of any part or portion of the Total Price, Extras Price and other chargesthe Extras, or (2) neglects or fails to perform the Buyer's Covenants and/or the obligations on the part of the Buyer Buyers to be performed in terms of this AgreementAgreement or (3) neglects to perform any of the Buyers’ Covenants, this Agreement shall, at the option of the Developer, stand cancelled and/or rescinded, upon which the Developer shall refund to the Buyer Buyers all payments received till that date, without any interest, after deducting 10% (ten percent) of the Total Price. Payments made by the Buyers for up-gradation shall be non-refundable. In the event the Developer condones the delay of any payment due under this Agreement, the Buyer Buyers shall be liable to pay interest @ 1.512% (one point five twelve percent) per month or part thereof (compoundable monthly), annum for the period of delay, delay (computed from the date the payment became due till the date of payment) on all amounts due and outstanding. However, such right to condone of condonation is exclusively vested in the Developer and the Buyer Buyers shall not be entitled to claim the same as a matter of right.

Breach of Buyer’s Covenants. In the event the Buyer Buyers (1) fails to make payment of any part or portion of the Total Price, Extras Price and other chargesthe Extras, or (2) neglects or fails to perform the Buyer's Covenants and/or the obligations on the part of the Buyer Buyers to be performed in terms of this AgreementAgreement or (3) neglects to perform any of the Buyers’ Covenants, this Agreement shall, at the option of the Developer, stand cancelled and/or rescinded, upon which the Developer shall refund to the Buyer Buyers all payments received till that date, without any interest, after deducting 10% (ten percent) of the Total Price. Payments made by the Buyers for up-gradation shall be non-refundable. In the event the Developer condones the delay of any payment due under this Agreement, the Buyer Buyers shall be liable to pay interest @ 1.518% (one point five eighteen percent) per month or part thereof (compoundable monthly), annum for the period of delay, delay (computed from the date the payment became due till the date of payment) on all amounts due and outstanding. However, such right to condone of condonation is exclusively vested in the Developer and the Buyer Buyers shall not be entitled to claim the same as a matter of right.

Breach of Buyer’s Covenants. In the event the Buyer (1) fails to make payment of any part or portion of the Total Price, Extras and other charges, or (2) neglects or fails to perform the Buyer's ’s Covenants and/or the obligations on the part of the Buyer to be performed in terms of this Agreement, this Agreement shall, at the option of the Developer, stand cancelled and/or rescinded, upon which the Developer shall refund to the Buyer all payments received till that date, without any interest, after deducting 10% (ten percent) of the Total Price. In the event the Developer condones the delay of any payment due under this Agreement, the Buyer shall be liable to pay interest @ 1.512% (one point five twelve percent) per month annum or part thereof (compoundable monthly), for the period of delay, computed from the date the payment became due till the date of payment. However, such right to condone is exclusively vested in the Developer and the Buyer shall not be entitled to claim the same as a matter of right.