Common use of Phases Clause in Contracts

Phases. 11.1 The Purchaser acknowledges and agrees that the Development may take place in phases and that the Seller has reserved the right to develop and sell ▇▇▇▇▇ in the Development over a period of time as and when and in such manner as it deems fit, the Seller retaining the sole discretion in this regard. 11.2 The Seller shall, in its absolute discretion, be entitled to include further land in the Development and apply for, and subject to, approval by the relevant authority, vary the layout and/or zoning and/or size and/or boundaries of ▇▇▇▇▇ and/or the extent and position of streets comprising the Development and members shall be bound thereby and shall have no claim of whatever nature against the Seller arising therefrom. Insofar as the consent of a member is required for any of the aforegoing, the Seller is irrevocably granted a power of attorney to grant any/all such consents on behalf of members, as may be required. 11.3 The Purchaser acknowledges and accepts that as a consequence of the ▇▇▇▇▇ in the Development being sold over an extended period and because of the nature of the Development, on date of registration of transfer of the Property, the buildings on the other ▇▇▇▇▇ or other properties in the Development and other structures and/or improvements and facilities including but not limited to infrastructure and roads in the Development and landscaping may be incomplete and the Purchaser agrees that he shall have no claim of whatsoever nature against the Seller as a result thereof.

Appears in 3 contracts

Sources: Sale Agreement, Sale Agreement, Agreement of Sale