Common use of PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE Clause in Contracts

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement, they shall not mortgage or create a charge on the Plot, and, if any, such mortgage or charge is made or created then not withstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Plot .

Appears in 3 contracts

Samples: Agreement for Sub Lease, Agreement for Sub Lease, 202.61.117.163

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PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the The Promoter executes this Agreement, they shall not mortgage or create a charge on the Plot, and, if any, Plot after the date of this Agreement. In case any such mortgage or charge is made or created then not withstanding notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Plot Plot.

Appears in 1 contract

Samples: Agreement for Sale

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement, they Agreement he shall not mortgage or create a charge on the Plot, and, Plot and if any, any such mortgage or charge is made or created then not withstanding notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Plot Plot.

Appears in 1 contract

Samples: Buyer Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement, they Agreement he shall not mortgage or create a charge on the Plot, and, said [Apartment/ Plot/ Building] and if any, any such mortgage or charge is made or created then not withstanding notwithstanding anything contained in any other law for the time being in force, such mortgage or for charge shall not affect the right and interest of the Allottee Allottee(s) who has taken or agreed to take such Plot [Apartment/ Plot/ Building].

Appears in 1 contract

Samples: Agreement for Sale

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PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement, they he shall not mortgage or create a charge on the Plot, and, Plot and if any, any such mortgage or charge is made or created created, then not withstanding notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Plot Plot.

Appears in 1 contract

Samples: Agreement for Sale

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