Common use of DEEMED POSSESSION Clause in Contracts

DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the Possession Period, the Allottee shall be deemed to have taken possession on the 61st day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the Possession Date.

DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment Bungalow within the Possession Period, the Allottee shall be deemed to have taken possession on the 61st day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the ApartmentBungalow, will be deemed to be the Possession Date.

DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment Plot within the Possession Period, the Allottee shall be deemed to have taken possession on the 61st day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the ApartmentPlot, will be deemed to be the Possession Date.

DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the Possession Period, the Allottee shall be deemed to have taken possession on the 61st day 61stday from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the Possession Date.