Common use of HOLDING CHARGES Clause in Contracts

HOLDING CHARGES. It is agreed by the Vendee that in the event of the failure of the Vendee to take the possession of the said Unit in the manner as aforesaid in Clause 8, then the Vendor shall have the option to cancel/terminate this Agreement and avail all or any of the remedies as stipulated in Clause 15 of this Agreement or the Vendor may, without prejudice to its rights under any of the clauses of this Agreement and at its sole discretion, decide to condone the delay by the Vendee in taking over the said Unit in the manner as stated in this clause on the condition that the Vendee shall pay to the Vendor/Developer holding charges @ Rs.25/- (Rupees Twenty Five only) per sq. ft. of the Super Area of the said Unit per month for the entire period of such delay and to withhold the execution conveyance deed or handing over for occupation and use of the said Unit to the Vendee till the holding charges along with applicable overdue interest and other charges as prescribed in this Agreement, if any, are fully paid/ discharged by the Vendee to the satisfaction of the Vendor. It is made clear and the Vendee agrees that the holding charges as stipulated in this clause shall be a distinct charge not related to and shall be in addition to maintenance charges or any other outgoing cess, taxes, levies etc which shall be at the risk, responsibility and cost of the Vendee. Further the Vendee agrees that in the event of his/her/their failure to take possession of the said Unit within the time stipulated by the Vendor in its notice, the Vendee shall have no right, demand or grievance or claim in respect of any item of work in the said Unit which the Vendee may attempt to allege not to have been carried out or completed by the Developer or in respect of any design, specifications, building materials, use or for any other reason whatsoever or otherwise and that the Vendee shall be deemed to have been fully satisfied in all matters concerning construction work related to the said Unit / said Tower/ said Group Housing Complex.

HOLDING CHARGES. It Further it is agreed by the Vendee that in the event of the failure of the Vendee to take the possession of the said Unit Flat in the manner as aforesaid in Clause 88.2, then the Vendor shall have the option to cancel/terminate cancel this Agreement and avail all or any of the remedies as stipulated in Clause 15 of this Agreement or the Vendor may, without prejudice to its rights under any of the clauses of this Agreement and at its sole discretion, decide to condone the delay by the Vendee in taking over the said Unit Flat in the manner as stated in this clause on the condition that the Vendee shall pay to the Vendor/Developer Vendor holding charges @ Rs.25/- Rs.5/- (Rupees Twenty Five only) per sq. ft. of the Super Area of the said Unit Flat per month for the entire period of such delay and to withhold the execution conveyance deed or handing over for occupation and use of the said Unit to the Vendee Flat till the holding charges along with applicable overdue interest and other charges as prescribed in this Agreement, if any, are fully paid/ discharged by the Vendee to the satisfaction of the Vendorpaid. It is made clear and the Vendee agrees that the holding charges as stipulated in this clause shall be a distinct charge not related to and shall be in addition to maintenance charges or any other outgoing cess, taxes, levies etc which shall be at the risk, responsibility and cost of the Vendee. Further the Vendee agrees that in the event of his/her/their her failure to take possession of the said Unit Flat within the time stipulated by the Vendor in its notice, the Vendee shall have no right, demand right or grievance or any claim in respect of any item of work in the said Unit Flat which the Vendee may attempt to allege not to have been carried out or completed by the Developer or in respect of any design, design specifications, building materials, use or for any other reason whatsoever or otherwise and that the Vendee shall be deemed to have been fully satisfied in all matters concerning construction work related to the said Unit Flat / said Tower/ said Group Housing Complex.

HOLDING CHARGES. It is agreed by the Vendee that in the event of the failure of the Vendee to take the possession of the said Unit in the manner as aforesaid in Clause 8, then the Vendor shall have the option to cancel/terminate this Agreement and avail all or any of the remedies as stipulated in Clause 15 of this Agreement or the Vendor may, without prejudice to its rights under any of the clauses of this Agreement and at its sole discretion, decide to condone the delay by the Vendee in taking over the said Unit in the manner as stated in this clause on the condition that the Vendee shall pay to the Vendor/Developer holding charges @ Rs.25/- (Rupees Twenty Five only) per sq. ft. of the Super Area of the said Unit per month for the entire period of such delay and to withhold the execution conveyance deed or handing over for occupation and use of the said Unit to the Vendee till the holding charges along with applicable overdue interest and other charges as prescribed in this Agreement, if any, are fully paid/ discharged by the Vendee to the satisfaction of the Vendor. It is made clear and the Vendee agrees that the holding charges as stipulated in this clause shall be a distinct charge not related to and shall be in addition to maintenance charges or any other outgoing cess, taxes, levies etc which shall be at the risk, responsibility and cost of the Vendee. Further the Vendee agrees that in the event of his/her/their failure to take possession of the said Unit within the time stipulated by the Vendor in its notice, the Vendee shall have no right, demand or grievance or claim in respect of any item of work in the said Unit which the Vendee may attempt to allege not to have been carried out or completed by the Developer or in respect of any design, specifications, building materials, use or for any other reason whatsoever or otherwise and that the Vendee shall be deemed to have been fully satisfied in all matters concerning construction work related to the said Unit / said Tower/ said Group Housing Complex.Aarohan Residences Phase - I.

HOLDING CHARGES. It is agreed by the Vendee that in the event of the failure of the Vendee to take the possession of the said Unit in the manner as aforesaid in Clause 8, then the Vendor shall have the option to cancel/terminate this Agreement and avail all or any of the remedies as stipulated in Clause 15 of this Agreement or the Vendor may, without prejudice to its rights under any of the clauses of this Agreement and at its sole discretion, decide to condone the delay by the Vendee in taking over the said Unit in the manner as stated in this clause on the condition that the Vendee shall pay to the Vendor/Developer holding charges @ Rs.25/- Rs. 50/- (Rupees Twenty Five Fifty only) plus applicable taxes per sq. ft. of the Super Area of the said Unit per month for the entire period of such delay and to withhold the execution conveyance deed or handing over for occupation and use of the said Unit to the Vendee till the holding charges along with applicable overdue interest and other charges as prescribed in this Agreement, if any, are fully paid/ discharged by the Vendee to the satisfaction of the Vendor. It is made clear and the Vendee agrees that the holding charges as stipulated in this clause shall be a distinct charge not related to and shall be in addition to maintenance charges or any other outgoing cess, taxes, levies etc which shall be at the risk, responsibility and cost of the Vendee. Further the Vendee agrees that in the event of his/her/their failure to take possession of the said Unit within the time stipulated by the Vendor in its notice, the Vendee shall have no right, demand or grievance or claim in respect of any item of work in the said Unit which the Vendee may attempt to allege not to have been carried out or completed by the Developer or in respect of any design, specifications, building materials, use or for any other reason whatsoever or otherwise and that the Vendee shall be deemed to have been fully satisfied in all matters concerning construction work related to the said Unit / said Tower/ said Group Housing ComplexAarohan Commercial Tower.