EVENTS OF DEFAULTS 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 DEFAULTS AND CONSEQUENCES. Subject to the Force Majeure clause, the Developer shall be considered under a condition of Default, in the following events;
EVENTS OF DEFAULTS AND CONSEQUENCES. 9.1 Except for occurrence of a Force Majeure event, the Promoter shall be considered under a condition of default (“Default”), in the following events:
EVENTS OF DEFAULTS AND CONSEQUENCES. 9.1 Subject to the Force Majeure clause, the Vendor shall be considered under a condition of default, in the following events:-
EVENTS OF DEFAULTS AND CONSEQUENCES. Except for occurrence of a Force Majeure event, the Vendor/ Developer shall be considered under a condition of default (“Default”), in the following events: Vendor/ Developer fails to provide ready to move in possession of the Apartment to the Allottee within the time period specified in Clause 7.1 or fails to complete the Project within the stipulated time disclosed at the time of registration of the Project with the Authority. For the purpose of this clause 'ready to move in possession' shall mean that the Apartment shall be in a habitable condition which is complete in all respects including the provision of all specifications, amenities and facilities, as agreed to between the Parties, and for which Completion Certificate has been issued by the competent authority; Discontinuance of the Vendor's/ Developer’s business as a Vendor/ Developer on account of suspension or revocation of his registration under the provisions of the Act or the Rules or Regulations made thereunder. In case of Default by Vendor/ Developer under the conditions listed above, Allottee is entitled to the following: Stop making further payments to Vendor/ Developer as demanded by the Vendor/ Developer. If the Allottee stops making payments, the Vendor/ Developer shall correct the situation by completing the construction milestones and only thereafter the Allottee be required to make the next payment without any interest; or The Allottee shall have the option of terminating the Agreement in which case the Vendor/ Developer shall be liable to refund, subject to the second proviso below, the entire money paid by the Allottee under any head whatsoever towards the sale of the Apartment, along with interest at the rate prescribed in the Rules within 45 (forty-five) days of receiving the termination notice: Provided that where the Allottee does not intend to withdraw from the Project or terminate the Agreement, he shall be paid, by the Vendor/ Developer, interest at the rate prescribed in the Rules, for every month of delay till the handing over of the possession of the Apartment, which shall be paid by the Vendor/ Developer to the Allottee within 45 (forty-five) days of it becoming due. 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 Vendor/ Developer and the Allottee shall be free to approach the authorities concerned for refund of such taxes, char...
EVENTS OF DEFAULTS AND CONSEQUENCES. 9.1 Subject to the Force Majeure clauses and reasons beyond control, the Promoter shall be considered under a condition of Default, in the following events subject to the Allottee having complied with all his obligations under this Agreement including making timely payment of all amounts payable under this Agreement and there being no failure, refusal, neglect, breach, violation, non-compliance or default on the part of the Allottee to perform or comply with any of the terms, conditions, covenants, undertakings, stipulations, restrictions, prohibitions and/or obligations under this Agreement or otherwise under law:
EVENTS OF DEFAULTS AND CONSEQUENCES. 9.1 Subject to the “Force Majeure”, Court orders, Government policy / guidelines, decisions, the Promoter shall be considered under a condition of Default, in the following events:
EVENTS OF DEFAULTS AND CONSEQUENCES. (10.1.) Subject to the Force Majeure conditions, the Promoter shall be considered a Defaulter, in the following events:
EVENTS OF DEFAULTS AND CONSEQUENCES. 8.1 Subject to the Force Majeure clause, the Seller shall be considered under a condition of Default, in the following events:
EVENTS OF DEFAULTS AND CONSEQUENCES. 9.1 Subject to the Force Majeure clause, the Developer/Promoter shall be considered under a condition of default, in the following events:-
