Common use of Preferential Location Clause in Contracts

Preferential Location. That the Vendee has specifically agreed that he/ she/ they shall pay as Preferential Location Charges (PLC) a sum of Rs. calculated at the rate of Rs. /- per sq. ft.( Rs. /- per sq. mtrs.) of Super Area for the unit located in the said Aarohan Residences for a preferentially located Unit. The Vendee agrees that if due to change in layout plan/building plan of the said Aarohan Residences, the said Unit ceases to be preferentially located or falls under lower category of Preferential Location, then the Vendor shall be liable to refund only the amount or the differential amount of such component of preferential location charges paid by the Vendee without any interest and such refund shall be made/ adjusted in the last instalment as stated in the schedule of payments in Annexure-I. If however the Unit becomes preferentially located or falls in the higher category of Preferential Vendor 7 Vendee Location, which was not at the time of the provisional allotment/ allotment made herein, as the case may be, the Vendee shall be liable to pay such component of the preferential location charges as applicable then and shall be payable along with the next instalment.

Preferential Location. That the Vendee has specifically agreed that he/ she/ they shall pay as Preferential Location Charges (PLC) a sum of Rs. calculated at the rate of Rs. /- per sq. ft.( . (Rs. /- per sq. mtrs.) of Super Carpet Area for the unit located in the said Aarohan Residences Commercial Tower for a preferentially located Unit. The Vendee agrees that if due to change in layout plan/building plan of the said Aarohan ResidencesCommercial Tower/Project, the said Unit ceases to be preferentially located or falls under lower category of Preferential Location, then the Vendor shall be liable to refund only the amount or the differential amount of such component of preferential location charges paid by the Vendee without any interest and such refund shall be made/ adjusted in the last instalment next installment as stated in the schedule of payments in Annexure-I. If however the Unit becomes preferentially located or falls in the higher category of Preferential Vendor 7 Vendee Location, which was not at the time of the provisional allotment/ allotment made herein, as the case may be, the Vendee shall be liable to pay such component of the preferential location charges as applicable then and shall be payable along with the next instalmentinstallment.

Preferential Location. That the Vendee has specifically agreed that he/ she/ they shall pay as Preferential Location Charges (PLC) a sum of Rs. calculated at the rate of Rs. /- per sq. ft.( Rs. /- per sq. mtrs.) of Super Carpet Area for the unit located in the said Aarohan Residences Phase - I for a preferentially located Unit. The Vendee agrees that if due to change in layout plan/building plan of the said Aarohan ResidencesResidences Phase - I, the said Unit ceases to be preferentially located or falls under lower category of Preferential Location, then the Vendor shall be liable to refund only the amount or the differential amount of such component of preferential location charges paid by the Vendee without any interest and such refund shall be made/ adjusted in the last next instalment as stated in the schedule of payments in Annexure-I. If however the Unit becomes preferentially located or falls in the higher category of Preferential Vendor 7 Vendee Location, which was not at the time of the provisional allotment/ allotment made herein, as the case may be, the Vendee shall be liable to pay such component of the preferential location charges as applicable then and shall be payable along with the next instalmentinstallment.