COVENANT FOR SALE AND PURCHASE Sample Clauses
The Covenant for Sale and Purchase is a contractual provision that establishes the mutual agreement between parties to buy and sell a specified asset, property, or goods. This clause typically outlines the essential terms of the transaction, such as the identity of the parties, the subject matter being sold, the purchase price, and the timeline for completion. By clearly defining the obligations of both the buyer and the seller, this clause ensures that both parties are legally bound to complete the transaction, thereby reducing uncertainty and providing a framework for resolving disputes if either party fails to perform.
COVENANT FOR SALE AND PURCHASE. The Promoter agrees to sell and the Allottee agrees to purchase the Bungalow on the terms and conditions contained in this Agreement, subject to Allottee:
(i) agreeing to pay within due dates the Other Charges and Deposits specified in Clause 45 herein from time to time;
(ii) agreeing to pay within due dates the Common Expenses specified in Clause 46 herein from time to time;
(iii) agreeing to abide by and adhere to the Common Rules specified in Clause 47 herein from time to time; and
(iv) agreeing to abide by, observe and perform the specific covenants, stipulations, restrictions and obligations contained in this Agreement; 36 PAYMENT OF TOTAL PRICE AND OTHER CHARGES & DEPOSITS
COVENANT FOR SALE AND PURCHASE. The Promoter/Transferor agrees to sell and the Allottee/Transferee agrees to purchase the Bungalow and the undivided proportionate share in the Common Areas, Allottee/Transferee on the terms and conditions contained in this Agreement, subject to Allottee/Transferee:
(i) agreeing to pay within due dates the Other Charges and Deposits specified in
(ii) agreeing to pay within due dates the Common Expenses specified in Schedule 6 herein from time to time;
(iii) agreeing to abide by and adhere to the Common Rules specified in Schedule 7 herein from time to time; and
(iv) agreeing to abide by, observe and perform the specific covenants, stipulations, restrictions and obligations contained in this Agreement;
COVENANT FOR SALE AND PURCHASE. The Promoter/Transferor agrees to sell and the Allottee/Transferee agrees to purchase the Plot on the terms and conditions contained in this Agreement, subject to Allottee/Transferee:
(i) agreeing to pay within due dates the Other Charges and Deposits specified in Schedule 4 herein from time to time;
(ii) agreeing to pay within due dates the Common Expenses specified in Schedule 5 herein from time to time;
(iii) agreeing to abide by and adhere to the Common Rules specified in Schedule 6 herein from time to time; and
(iv) agreeing to abide by, observe and perform the specific covenants, stipulations, restrictions and obligations contained in this Agreement;
COVENANT FOR SALE AND PURCHASE. 2.1 The Promoter agrees to (i) sell and the Allottee agrees to purchase the Apartment together with the Parking Space and the undivided proportionate share in the Common Areas, (ii) grant a perpetual and non-exclusive right of way in the Access Road Land to be used with all other unit owners and the Promoter and grant of right of use of such of the Block-B-Tower Common Portions as may be earmarked by the Promoter from time to time for such common use of the Apartment Acquirers, on the terms and conditions contained in this Agreement, subject to Allottee:
(i) accepting and agreeing to abide by the Mutual Easements and Reserved Matters specified in Schedule 7 herein;
(ii) agreeing to pay within due dates the Extras and Deposits specified in Schedule 8 herein from time to time;
(iii) agreeing to pay within due dates the Common Expenses specified in Schedule 9 herein from time to time;
(iv) agreeing to abide by and adhere to the Common Rules specified in Schedule 10 herein from time to time; and
(v) agreeing to abide by, observe and perform the specific covenants, stipulations, restrictions and obligations contained in this Agreement;
COVENANT FOR SALE AND PURCHASE. The Promoter/Transferor agrees to sell and the Allottee/Transferee agrees to purchase the Apartment on the terms and conditions contained in this Agreement, subject to Allottee/Transferee:
(i) agreeing to pay within due dates the Other Charges and Deposits specified in Schedule 6 herein from time to time;
(ii) agreeing to pay within due dates the Common Expenses specified in Schedule 7 herein from time to time;
(iii) agreeing to abide by and adhere to the Common Rules specified in Schedule 8 herein from time to time; and
(iv) agreeing to abide by, observe and perform the specific covenants, stipulations, restrictions and obligations contained in this Agreement; The Promoter/Transferor hereby agrees to allot to the Allottee/Transferee the Parking Space for his own use and not otherwise. Earmarking of the parking number will be done at the time of handing over the possession of the Apartment. Each allotted car parking space will entitle the Allottee/Transferee the right to park only one medium sized motorized vehicle. In case of transfer of the Apartment, the right to use the Parking Space shall be automatically transferred along with the Apartment. The right to use the Parking Space under no circumstances is separately transferable. The Allottee/Transferee agrees that only the allotted Parking Space would be used exclusively for parking of his medium sized motorized vehicle and would not be used as storage otherwise. Any change in the Parking Space shall normally not be entertained but may be entertained on the discretion of the Promoter/Transferor on payment of an extra charge of Rs. /- (Rupees ....................... only).
COVENANT FOR SALE AND PURCHASE. The Promoter/Transferor agrees to sell and the Allottee/Transferee agrees to purchase the Apartment on the terms and conditions contained in this Agreement, subject to Allottee/Transferee:
(i) agreeing to pay within due dates the Other Charges and Deposits specified in
(ii) agreeing to pay within due dates the Common Expenses specified in Schedule 7 herein from time to time;
(iii) agreeing to abide by and adhere to the Common Rules specified in Schedule 8 herein from time to time; and
(iv) agreeing to abide by, observe and perform the specific covenants, stipulations, restrictions and obligations contained in this Agreement;