Events of Default and consequences. 1. The Borrower shall be deemed to have committed an act of default if the Borrower commits breach of any of the terms of this Agreement and also on the happening of any one or more of the following events, (each an "Event of Default" and collectively ‘Events of Default’):
Events of Default and consequences vii. Each of the following events shall be considered as an event of default (“Events of Default”):
Events of Default and consequences. 9.1 Subject to the Force Majeure clause, the Promoter shall be considered under a condition of Default, in the following events:
Events of Default and consequences. 9.1 Subject to any Force Majeure event, the Promoter shall be considered to be in default, in the following events:
Events of Default and consequences. In event of:
Events of Default and consequences a. Subject to the other terms and conditions herein, the Promoter shall be considered under a condition of Default, only in the following events (save and except any of them arising owing to Force Majeure):
Events of Default and consequences. 10.1 Subject to the provisions of Clause 8.1 above (Force Majeure), the Developer shall be considered to be in default, in the following events:
Events of Default and consequences. 9.1 Subject to the provision of Clause 7.6 in herein above, the Promoter shall be considered under a condition of Default, in the following events:
Events of Default and consequences. 9.1. Except to the occurrence of a Force Majeure event, the Promoter/Ownershall be considered under a condition of default, in the following events, namely
Events of Default and consequences i) The parties agree and acknowledge that in place and stead of the Booking Amount as provided in Clause 9.3 (ii) hereinabove the Promoter shall be liable to forfeit the Cancellation Charges and in addition to the Cancellation Charges the Promoter shall forfeit GST payable on such cancellation charges and the balance amount of money paid by the Allottees shall, subject to proviso below, be returned by the Promoter to the Allottees within 12 (twelve) months of such cancellation or on transfer of the Said Apartment to any other Apartment Acquirer, whichever is earlier. However may it be clarified that the balance amount shall be payable subject to the execution and registration of the Deed of Cancellation. Provided further that all amounts collected as taxes, charges, levies, cess, assessments and impositions and deposited with the appropriate authorities concerned shall not be returned by the Promoter and the Allottees shall be free to approach the authorities concerned for refund of such taxes, charges, levies, cess, assessments and impositions.
