MODE OF PAYMENT Clause Samples

MODE OF PAYMENT. Subject to the terms of the Agreement and the Promoter abiding by the construction milestones, the Allottee shall make all payments, on written demand by the Promoter, within the stipulated time as mentioned in the Payment Plan through A/c Payee cheque/demand draft/bankers cheque or online payment (as applicable) in favour of Promoter payable at Kolkata at its office.

MODE OF PAYMENT. Subject to the terms of the Agreement and the Promoter abiding by the development/ construction milestones, the Allottee shall make all payments, on written demand by the Promoter, within the stipulated time as mentioned in the Payment Plan [Schedule C] through A/c Payee cheque/demand draft/bankers cheque or online payment (as applicable) in favour of;

MODE OF PAYMENT. The Payment shall be made by way of demand draft drawn on any scheduled bank in favour of Jharkhand Tourism Development Corporation Limited, payable at Ranchi and shall be sent sufficiently in advance to the address specified in Clause 14.7 so as to ensure realisation/ encashment thereof on or before Due Date.

MODE OF PAYMENT. Subject to the terms of the agreement and the Promoter abiding by the construction milestones, the Allottee shall make all payments, on written demand by the Promoter, within the stipulated time as mentioned in the payment plan at Term No.1.4 above through account payee cheque/ demand draft/ banker's cheque or online payment (as applicable) in favor of M/▇.▇▇▇▇▇▇ HOME RANA RESIDENCY COLLECTION ACCOUNT

MODE OF PAYMENT. Subject to the terms of the Agreement and the Promoter abiding by the construction milestones, the Allottee shall make all payments, on written demand by the Promoter, within the stipulated time as mentioned in the Payment Plan through A/c Payee cheque/demand draft/bankers cheque or online payment (as applicable) in favour of SKB REALTECH payable at

MODE OF PAYMENT. Subject to the terms of the Agreement and the Developer abiding by the construction milestones, the Allottee shall make all payment on written demand by the Developer , within the stipulated time as mentioned in the Payment Plan [through A/c Payee cheque/demand draft/bankers cheque or online payment (as applicable)] in favour of GANGES GARDEN REALTORS PVT. LTD..

MODE OF PAYMENT. Subject to the terms of the Agreement the Allottee shall make all payments, on written demand by the Promoter, within the stipulated time as mentioned in the Payment Plan [Schedule C] through A/c Payee cheque/demand draft/bankers cheque or online payment (as applicable) in favour of ‘ ’ payable at . That the Promoter has not based the payment plan upon any construction milestones and to benefit the allottes provided EMI facility COMPLIANCE OF LAWS RELATING TO REMITTANCES: 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time. 3.2 The Promoter accepts no responsibility in regard to matters specified in para 3.1 above. The Allottee shall keep the Promoter fully indemnified and harmless in this regard. Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws. The Promoter shall not be responsible towards any third party making payment/remittances on behalf of any Allottee and such third party shall not have any right in the application/allotment of the said apartment applied for herein in any way and the Promoter shall be issuing the payment receipts in favour of the Allottee only.

MODE OF PAYMENT. (a) The Allottee/s has paid a sum of Rs. 4,00,000/- (Rupees Four Lakhs only), to the Promoter, as Booking Amount /part Booking Amount at the time of allotment of the Apartment; The Allottee/s agrees and accepts that 10% of the total Sale Consideration shall be treated as Booking Amount as per T NRERA Act and its connected Rules and Regulations. (b) The Allottee/s shall pay the balance Sale Consideration amount as per the Schedule of Payments detailed in the Schedule D hereunder. The Allottee/s authorizes the Promoter to adjust/appropriate all payments made by him/her under any head(s) of dues against lawful outstanding, if any, in his/her/their/its name as the Promoter may in its sole discretion deem fit and the Allottee/s undertakes not to object/demand/direct the Promoter to adjust this payment in any manner. (c) The Allottee/s agrees and undertakes that TIME SHALL BE AN ESSENCE with regard to the above mentioned obligation on the part of the Allottee/s to make payment as per the Schedule of Payment, as detailed in the Schedule D hereunder. (d) The Allottee/s hereby undertake/s and assure/s that based on the stage intimation letters issued / to be issued by the Promoter to the Allottee/s, the above payments shall be made by the Allottee/s within the due date and without any further demand, as time for payment of the above sums being the essence of the contract and the Allottee/s is/are fully informed by the Promoter that any default in payment of the above amount would affect the completion of the Building as a RERA registered Project; All payments shall be made by Cheques or Demand Drafts or through RTGS. The date of credit of the amount into the account of the Promoter will be considered as the date of payment made by the Allottee/s and the delayed payment charges will become payable from the due date. Dishonour of cheques shall entitle the Promoter to terminate the Booking and this Agreement. Any banking charges for outstation cheques, dishonor of cheques, collection charges etc. shall be debited to the Allottee/s’s account and the net amount shall be credited to the Allottee/s’s account. (e) The Allottee/s shall not delay, withhold or postpone the payments due as mentioned in Schedule D, on whatever reason and in that event, the Allottee/s shall be responsible for any consequential sufferance or damages. (f) The Allottee/s, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exch...

MODE OF PAYMENT. Subject to the terms of the agreement and the Promoter abiding by the construction milestones, the Aloottee shall make all payments, on written demand by the Promoter, within the stipulated time as mentioned in the payment plan at Term No.