Common use of POSSESSION OF THE PLOT Clause in Contracts

POSSESSION OF THE PLOT. (7.1.) Schedule for possession of the said Plot: The Promoter agrees and understands that timely delivery of possession of the plot to the Allottee is the essence of the Agreement. The Promoter assures to hand over possession of the plot on the day of registration of sale deed to the allottee unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused due to natural calamities or due to Force Majeure conditions.

POSSESSION OF THE PLOT. (7.1.) Schedule for possession of the said Plot: The Promoter agrees and understands that timely delivery of possession of the plot to plotto the Allottee is Allotteeis the essence of the Agreement. The Promoter assures to hand over possession of the plot on the day of registration of sale deed to the allottee unless there is a delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused due to natural calamities naturalcalamities or due to Force Majeure conditions.