Common use of Possession Date Clause in Contracts

Possession Date. Irrespective of whether the Purchaser takes possession of the Composite Unit within the time stipulated in the Notice or not, the Purchaser shall, for all purposes, be deemed to have taken possession of the Composite Unit upon expiry of 21 (twenty-one) days from the date of the Notice and thereafter become liable to pay all rates, taxes and outgoings in respect thereof.

Possession Date. Irrespective of whether the Purchaser takes Purchasers take possession of the Composite Unit within the time stipulated in the Notice or not, the Purchaser Purchasers shall, for all purposes, be deemed to have taken possession of the Composite Unit upon expiry of 21 (twenty-one) days from the date of the Notice and thereafter become liable to pay all rates, taxes and outgoings in respect thereof.