DISHONOUR OF PAYMENT INSTRUMENTS. In the event of dishonour of any payment instruments or any payment instructions by or on behalf of the Allottee for any reason whatsoever, then the same shall be treated as a default and the Promoter may at its sole discretion be entitled to exercise any recourse available herein. Further, the Promoter shall intimate the Allottee of the dishonour of the cheque and the Allottee would be required to promptly tender a Demand Draft of the outstanding amounts including interest at the Applicable Interest Rate from the due date till the date of receipt by the Promoter of all the amounts including the dishonour charges of Rs. 5000/- (Rupees Five Thousand only) (for each dishonour). In the event the said Demand Draft is not tendered within 7 (seven) days then the Promoter shall be entitled to cancel the allotment, subject to provisions hereunder. In the event the Allottee comes forward to pay the entire outstanding amounts, interest and penalty thereof, the Promoter may consider the same at its sole discretion. In the event of dishonour of any cheque, the Promoter has no obligation to return the original dishonoured cheque.
DISHONOUR OF PAYMENT INSTRUMENTS. In the event of dishonour of any payment instruments or any payment instructions by or on behalf of the Allottee for any reason whatsoever, then the same shall be treated as a default and the Vendor/ Developer may at its sole discretion be entitled to exercise any recourse available herein. Further, the Vendor/ Developer shall intimate the Allottee of the dishonour of the cheque and the Allottee would be required to promptly tender a Demand Draft of the outstanding amounts including interest at the Applicable Interest Rate from the due date till the date of receipt by the Vendor/ Developer of all the amounts including the dishonour charges of Rs. 5000/- (Rupees Five Thousand only) (for each dishonour). In the event the said Demand Draft is not tendered within 7 (seven) days then the Vendor/ Developer shall be entitled to cancel the allotment, subject to provisions hereunder. In the event the Allottee comes forward to pay the entire outstanding amounts, interest and penalty thereof, the Vendor/ Developer may consider the same at its sole discretion. In the event of dishonour of any cheque, the Vendor/ Developer has no obligation to return the original dishonoured cheque.
DISHONOUR OF PAYMENT INSTRUMENTS. In the event of dishonour of any payment instruments or any payment instructions by or on behalf of the Allottee for any reason whatsoever, then the same shall be treated as a default and the Promoter may at its sole discretion be entitled to exercise any recourse available in this agreement. Further, the Promoter shall intimate the Allottee of the dishonour of the cheque and the Allottee would be required to promptly tender a Demand Draft of the outstanding amounts including interest at the Applicable Interest Rate from the due date till the date of receipt by the Promoter of all the amounts and the charges charged by the bank to the Promoter against dishonour of the cheque plus a fixed amount of Rs.1000/= (Rupees one thousand only) for dishonor of each cheque. In the event the said Demand Draft is not tendered within 15 days then the Promoter shall be entitled to cancel the allotment, subject to provisions hereunder. In the event the Allottee comes forward to pay the entire outstanding amounts and interest thereof and cheque dishonour charges and the said fixed amount for dishonourment of the cheque, the Promoter may consider the same at its sole discretion. In the event of dishonour of cheque, the Promoter has no obligation to return the original dishonoured cheque.
DISHONOUR OF PAYMENT INSTRUMENTS. In the event of dishonour of any payment instruments or any payment instructions by or on behalf of the Allottee for any reason whatsoever, then the same shall be treated as a default and the Developer may at its sole discretion be entitled to exercise any recourse available herein. Further, the Developer shall intimate the Allottee of the dishonour of the cheque and the Allottee would be required to promptly tender a Demand Draft of the outstanding amounts including interest at the Applicable Interest Rate from the due date till the date of receipt by the Developer of all the amounts including the dishonour charges of Rs. 5000/- (Rupees Five Thousand only) (for each dishonour). In the event the said Demand Draft is not tendered within 7 (seven) days then the Developer shall be entitled to cancel the allotment, subject to provisions hereunder. In the event the Allottee comes forward to pay the entire outstanding amounts, interest and penalty thereof, the Developer may consider the same at its sole discretion. In the event of dishonour of any cheque, the Developer has no obligation to return the original dishonoured cheque.
DISHONOUR OF PAYMENT INSTRUMENTS. In the event of dishonour of any payment instruments or any payment instructions by or on behalf of the Allottee/Purchaser for any reason whatsoever, then the same shall be treated as a default and the VENDOR/DEVELOPER/LANDOWNER No. 2/ PROMOTER No. 2 may at its sole discretion be entitled to exercise any recourse available herein. Further, the VENDOR/DEVELOPER/LANDOWNER No. 2/ PROMOTER No. 2 shall intimate the Allottee/Purchaser of the dishonour of the cheque and the Allottee/Purchaser would be required to promptly tender a Demand Draft of the outstanding amounts including interest at the Applicable Interest Rate from the due date till the date of receipt by the VENDOR/DEVELOPER/ LANDOWNER No. 2/PROMOTER No. 2 of all the amounts including the dishonour charges of Rs. 5,000/- (Rupees five thousand only) (for each dishonour). In the event the said Demand Draft is not tendered within 30 (thirty) days then the VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 shall be entitled to cancel the allotment, subject to provisions hereunder. In the event the Allottee/ Purchaser comes forward to pay the entire outstanding amounts, interest and penalty thereof, the VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 may consider the same at its sole discretion. In the event of dishonour of any cheque, the VENDOR/DEVELOPER/LANDOWNER No. 2/PROMOTER No. 2 has no obligation to return the original dishonoured cheque.
DISHONOUR OF PAYMENT INSTRUMENTS. In the event of dishonour of any payment instruments or any payment instructions by or on behalf of the Purchaser for any reason whatsoever, then the same shall be treated as a default and the Developer may at its sole discretion be entitled to exercise any recourse available herein. Further, the Developer shall intimate the Purchaser of the dishonour of the cheque and the Purchaser would be required to promptly tender a Demand Draft of the outstanding amounts including interest at the Applicable Interest Rate from the due date till the date of receipt by the Developer of all the amounts including the dishonour charges of Rs. /- (Rupees ) (for each dishonour). In the event the said Demand Draft is not tendered within 7 (seven) days then the Developer shall be entitled to cancel the allotment, subject to provisions hereunder. In the event the Purchaser comes forward to pay the entire outstanding amounts, interest and penalty thereof, the Developer may consider the same at its sole discretion. In the event of dishonour of any cheque, the Developer has no obligation to return the original dishonoured cheque.
DISHONOUR OF PAYMENT INSTRUMENTS. In the event of dishonour of an y paymen t instru ments or any payment instructions by or on behalf of the Allottee for an y reason whatsoeve r, then the same shall be treated as a default and the Promote r may at its sole discretion be enti tled to e xercise any re cou rse available herein. Further, the Promoter shall intimate the Allottee of the dishonour of the cheque and the Allottee would be required to p romp tly te nder a De mand Dra ft of the outs tandin g a mounts includin g in terest at the Applicable In terest Rate from the due date ti ll the date of receipt by the Promoter of all the amounts in cluding the dishonou r charges of Rs. 5000/- (Rupees Fi ve Thousand only) ( for ea ch dishonour). In the event the said De mand Dra ft is not tendered within 7 (se ven ) days then the Promote r shall be enti tled to cancel the allotment, subject to pro visions hereunde r. In the e vent the Allottee comes forward to pay the entire outs tanding amounts, in terest and penalty the reof, the Promote r ma y consider the same at i ts sole discretion. In the e ven t of dishonou r of any cheque, the Promoter has no obligation to re turn the original dishonoured cheque.
DISHONOUR OF PAYMENT INSTRUMENTS. In the event of dishonour of any payment instruments or any payment instructions by or on behalf of the Allottee for any reason whatsoever, then the same shall be treated as a default and the Promoter/Developer may at its sole discretion be entitled to exercise any recourse available herein. Further, the Promoter/Developer shall intimate the Allottee of the dishonour of the cheque and the Allottee would be required to promptly tender a Demand Draft of the outstanding amount(s) including interest at the applicable Interest Rate from the due date till the date of receipt by the Promoter/Developer of all the amounts including the dishonour charges of Rs.500/- (Rupees Five hundred only) for each dishonor of Cheque. In the event the said Demand Draft is not tendered within 7 (Seven) days then the Promoter/Developer shall be entitled to treat the same as a default and the consequences would follow.
DISHONOUR OF PAYMENT INSTRUMENTS. In the event of dishonour of any payment instruments or any payment instructions by or on behalf of the Allottee for any reason whatsoever, then the same shall be treated as a default and the Co-owners / Developer may at its sole discretion be entitled to exercise any recourse available herein. Further, the Co-owners / Developer shall intimate the Allottee of the dishonour of the cheque and the Allottee would be required to promptly tender a Demand Draft of the outstanding amounts including interest at the Applicable Interest Rate from the due date till the date of receipt by the Co-owners / Developer of all the amounts including the dishonour charges of Rs. 500/- (Rupees Five Hundred only) for each dishonour. In the event the said Demand Draft is not tendered within 7 (seven) days then the Co-owners / Developer shall be entitled to cancel the allotment, subject to provisions hereunder. In the event the Allottee comes forward to pay the entire outstanding amounts, interest and penalty thereof, the Co-owners / Developer may consider the same at its sole discretion. In the event of dishonour of any cheque, the Co-owners / Developer has no obligation to return the original dishonoured cheque. Raising of Finance by Allottee The Allottee may obtain finance from any financial institution/bank or any other source but the Allottee’s obligation to purchase the Apartment pursuant to this Agreement shall not be contingent on the Allottee’s ability or competency to obtain such financing and the Allottee shall remain bound by this Agreement whether or not he has been able to obtain financing for the purchase of the Apartment.
