Common use of CONSTRUCTION AND DELIVERY Clause in Contracts

CONSTRUCTION AND DELIVERY. (a) The sale of the Designated Unit shall be as a finished Unit/Bungalow constructed and completed by the Vendor in the manner and to the extent mentioned in the Agreement and the relationship between the Vendor and the Purchaser(s) shall be strictly as seller and Buyer of the designated Unit and until and unless the payment of the consideration and all other amounts is paid in full by the Purchaser(s) to the Vendor in terms hereof, all right title and interest in the Designated Unit shall remain vested to the Vendor. (b) The Vendor shall, subject to force majeure events, construct the Designated unit in accordance with the Specifications mentioned in PART- II of the Third Schedule hereunder written within the period mentioned in PART-III of the Third Schedule hereunder written.