Division of Central Valley Interest Sample Clauses

Division of Central Valley Interest. In the event that Central Valley exercises its right of purchase a Member Entity’s interest, it is expressly understood and agreed that, notwithstanding anything herein to the contrary, the undivided interest of any participating Member Entity in the title to the underlying real property and improvements comprising the regional treatment facility will remain in the participating Member Entities who have not terminated this Agreement on a pro-rata basis in accordance with the Member Entities' cumulative interests.
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  • CONVEYANCE OF THE SAID APARTMENT The Promoter, on receipt of Total Price of the [Apartment/Plot] as per para 1.2 under the Agreement from the Allottee, shall execute a conveyance deed and convey the title of the [Apartment/Plot] together with proportionate indivisible share in the Common Areas within 3 months from the date of issuance of the occupancy certificate* and the completion certificate, as the case may be, to the allottee. [Provided that, in the absence of local law, the conveyance deed in favour of the allottee shall be carried out by the promoter within 3 months from the date of issue of occupancy certificate]. However, in case the Allottee fails to deposit the stamp duty and/or registration charges within the period mentioned in the notice, the Allottee authorizes the Promoter to withhold registration of the conveyance deed in his/her favour till payment of stamp duty and registration charges to the Promoter is made by the Allottee.

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