Failure to deliver possession due to Government Rules, Orders, Notifications etc Sample Clauses

Failure to deliver possession due to Government Rules, Orders, Notifications etc. That if as a result of any law that may be passed by any legislature or Rule, Regulation or Order or Notification that may be made and/ or issued by the Government or any other Authority including a Municipal Authority, the Company is unable to complete the construction of the said Apartment/ said Building/ said Complex, then the Company may, if so advised, though not bound to do so, at its discretion challenge the validity, applicability and / or efficacy of such Legislation, Rule, Order or Notification by moving the appropriate Courts, Tribunal(s) and I orAuthority, In such a situation, the money(ies) paid by the Allottee in pursuance of this Agreement, shall continue to lie with the Company and the Allottee agrees not to move for or to obtain specific performance of the terms of this Agreement, it being specifically agreed that this Agreement shall remain in abeyance till final determination by the Court(s)/ Tribunal(s) / Authority(ies). However, the Allottee may, if he/ she so desires, become a party along with the Company in such litigation to protect Allottee's rights arising under this Agreement. In the event of the Company succeeding in its challenge to the impugned legislation or Rule, Regulation, Order or Notification as the case may be, it is hereby agreed that this Agreement shall stand revived and the Allottee shall be liable to fulfill all obligations as provided in this Agreement. It is further agreed that in the event of the aforesaid challenge of the Company to the impugned Legislation/ Order/ Rule/ Regulation/ Notification not succeeding and the said legislation / Order / rule / regulation becoming final, absolute and binding, the Company will, subject to provisions of law/ court order, refund to the Allottee, the amounts attributable to the said Apartment (after deducting interest on delayed payments and interest paid, due or payable, any amount of non-refundable nature) that have been received from an Allottee by the Company without any interest or compensation of whatsoever nature within such period and in such manner as may be decided by the Company and the Allottee agrees to accept the Company's decision, in this regard to be final and binding. Save as otherwise provided herein the Allottee shall not have any other right or claim of whatsoever nature against the Company under or in relation to this Agreement.
Sample 1
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Failure to deliver possession due to Government Rules, Orders, Notifications etc. If the Company is unable to construct/continue or complete the construction of the Said Apartment Said Complex due to Force Majeure conditions or due to any government/regulatory authority’s action, inaction or omission, then the Company may challenge the same by moving the appropriate courts, tribunal(s) and/or authority. In such a situation, the amount(s) paid by the Allottee shall continue to remain with the Company and the Allottee shall not have a right to terminate this Agreement and ask for refund of his money and this Agreement shall remain in abeyance till final determination by the court(s)/tribunal(s)/authority (ies). However, the Allottee may, if the Allottee so desires, become a party along with the Company in such litigation to protect the Allottee’s rights arising under this Agreement. In the event the Company succeeding in its challenge to the impugned legislation or rule, regulation, order or notification as the case may be, it is hereby agreed that this Agreement shall stand revived and the Allottee shall be liable to fulfill all obligations as provided in this Agreement. It is further agreed that in the event of the aforesaid challenge of the Company to the impugned legislation, order, rules, regulations, nofifications, and the said legislation, order, rules, regulations, notifications become final, absolute and binding, the Company will, subject to provisions of law/court order, refund within reasonable time to the Allottee the amounts received from the Allottee after deducting Non Refundable Amounts, but without any interest or compensation and the decision of the Company in this regard shall be final and binding on the Allottee save as otherwise provided herein, the Allottee shall be left with no other right, claim of whatsoever nature against the Company under or in relation to this Agreement.
Sample 1
Failure to deliver possession due to Government Rules, Orders, Notifications etc. If the Company is unable to construct/continue or complete the construction of the Said Building/Said Complex due to Force Majeure conditions or due to any government/regulatory authority's action, inaction or omission, then the Company may challenge the same by moving the appropriate courts, tribunal(s) and / or authority. In such a situation, the amount(s) paid by the
Sample 1

Related to Failure to deliver possession due to Government Rules, Orders, Notifications etc

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