RAISING OF FINANCE BY PROMOTER Sample Clauses
The 'Raising of Finance by Promoter' clause defines the conditions under which a promoter is permitted to secure funding for a project or company. Typically, this clause outlines the types of financing allowed, such as equity or debt, and may specify approval requirements from other stakeholders or limitations on the amount and sources of funds. Its core function is to provide a clear framework for how and when a promoter can raise capital, thereby preventing unauthorized fundraising and ensuring transparency and alignment with the interests of all parties involved.
RAISING OF FINANCE BY PROMOTER. The Promoter shall have the right to raise finance and/or loan from any financial institution and/or bank and for that purpose create mortgage, charge on the Land and/or securitization of the receivables however the Promoter shall not mortgage or create a charge on the Apartment after execution of this Agreement and if any such mortgage or charge is made or created then 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 Apartment.
RAISING OF FINANCE BY PROMOTER. The Allottee understands and acknowledges that the said Land has been mortgaged by the Promoter to LIC of India for securing the Loan availed by the Promoter for the purpose of construction of the Project on the said Land and the Allottees takes notice that he/she/they is/are required to obtain a No Objection Certificate from LIC of India for creation of any encumbrances on the said Land. The Allotees agrees and undertakes that he/she/they shall not create any encumbrances over the said Apartment till such time an NOC in writing is received from LIC of India.
RAISING OF FINANCE BY PROMOTER. For the purpose of facilitating the construction of the said new building the Promoter has obtained financial assistance from Axis Bank Ltd and shall also have the option to obtain financial assistance from any other banks and other financial institutions. In this regard the Allottee understands and acknowledges that the said entire property has been mortgaged by Sky View Developer to Axis Bank Limited for securing the Loan availed by the said Sky View Developer for the purpose of construction of the said Entire property and the Allottee takes notice that he/she/they is/are required to obtain a No Objection Certificate from Axis Bank Limited for creation of any encumbrances on the said Entire property. The Allottee agrees and undertakes that he/she they shall not create any encumbrances over the said Entire property/outlets till such time an NOC in writing is received from Axis Bank Limited.
RAISING OF FINANCE BY PROMOTER. The ALLOTTEES understands and acknowledges that the said Land has been/will be mortgage by the Promoter to Banks or Financial Institutions of India for securing the Loan for the purpose of construction of the Project on the said Land and the ALLOTTEESs takes notice that he/she/they is/are required to obtain a No Objection Certificate from said banks or financial institution of India for creation of any encumbrances on the said Land. The Allotees agrees and undertakes that he/she/they shall not create any encumbrances over the said Apartment till such time an NOC in writing is received from said Banks or financial institution of India.
RAISING OF FINANCE BY PROMOTER. The ALLOTTEES understands and acknowledges that the said Land has been/will be mortgage by the Promoter to Financial Institutions of India for securing the Loan for the purpose of construction of the Project on the said Land and the ALLOTTEESs takes notice that he/she/they is/are required to obtain a No Objection Certificate from said financial institution of India for creation of any encumbrances on the said Land. The Allotees agrees and undertakes that he/she/they shall not create any encumbrances over the said Apartment till such time an NOC in writing is received from said financial institution of India. SCHEDULE- “A” PART-I ALL THAT piece and parcel of land containing an area of 224.50 (Two Hundred Twenty Four point Five Zero only) decimal, more or less, Mouza Uttar kajirhat, R.S.& L.R. Dag no. 86 in Khatian No. 1405(land measuring about 2.50 Decimals), R.S. & L.R. Dag no. 87 in Khatian no. 1405 (land measuring about 3.4 Decimals), R.S. & L.R. Dag no 98 in Khatian No. 1405(land measuring about 8.80 Decimals), R.S. Dag no. 99 R.S. Khatian no. 94 & L.R. Dag no 99, L.R. Khatian No. 295, R.S. Dag no. 99 R.S. Khatian no. 94 & L.R. Dag no 99, L.R. Khatian No. 361(land measuring about 35 Decimals), R.S. & L.R. Dag no. 100, L.R. Khatian no. 616,1165,1164,1243,1405 (land measuring about 97.70 Decimals) R.S. & L.R. Dag no 101, L.R. Khatian no. 1405 (land measuring about 2.40 Decimals), R.S. & L.R. Dag no 102, L.R. Khatian no. 1405 (land measuring about 2.50 Decimals), R.S. & L.R. Dag no 103, L.R. Khatian no. 1405 (land measuring about 2.90 Decimals), R.S. & L.R. Dag no 104, ▇.▇. ▇▇▇▇▇▇▇ no. 541, L.R. Khatian No. 541,45,141,179,714,711, (land measuring about 8.90 Decimals) ▇.▇. & L.R. Dag no 105, L.R. Khatian no. 1243 (land measuring about 09 Decimals), R.S. & L.R. Dag no 106, L.R. Khatian no. 1405(land measuring about 2.10 Decimals), R.S. & L.R. Dag no 112, L.R. Khatian no. 153, R.S. & L.R. Dag No. 112, ▇.▇. ▇▇▇▇▇▇▇ no. 51, L.R. Khatian No. 272, 568, 962, R.S. & L.R. Dag no. 112, ▇.▇. ▇▇▇▇▇▇▇ No. 1232, R.S. & ▇.▇ ▇▇▇ no. 112, L.R. Khatian No. 1405, R.S. & ▇.▇ ▇▇▇ no. 112, ▇.▇. ▇▇▇▇▇▇▇ no. 568 L.R. Khatian No. 1405(land measuring about 48.40 Decimals), R.S. & L.R Dag no. 114, ▇.▇. ▇▇▇▇▇▇▇ no. 493, L.R. Khatian No. 1405(land measuring about 0.30 Decimal), ▇.▇. & ▇.▇ ▇▇▇ no. 115, , L.R. Khatian No. 1243(land measuring about 34 Decimal) ▇.▇. No. 22, Police Station Bishnupur, within the limits of Paschim Bishnupur Gram Panchayat area, A.D.S.R Bishnupur, District Sou...
RAISING OF FINANCE BY PROMOTER. Notwithstanding anything to the contrary contained in this agreement, the Promoter shall have the right to raise finance/loan for construction of the Project from any financial institution and/or bank and for that purpose create mortgage, charge on the Project and/or securitization of the receivables, however, the Promoter shall not mortgage or create a charge on the said Apartment after execution of this Agreement and if any such mortgage or charge is made or created then 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 said Apartment. However, the Promoter shall, in the event any such mortgage or charge is made, cause to be redeemed/released the said Apartment from the mortgagee at or before delivery of possession of the Said Apartment And Appurtenances.
RAISING OF FINANCE BY PROMOTER. The Allottee understands and acknowledges that the said Land has been mortgaged by the Promoter to LIC Housing Finance Ltd for securing the Loan availed by the Promoter for the purpose of construction of the Project on the said Land and the Allottees takes notice that he/she/they is/are required to obtain a No Objection Certificate from LIC Housing Finance Ltd for creation of any encumbrances on the said Land. The Allotees agrees and undertakes that he/she/they shall not create any encumbrances over the said Apartment till such time an NOC in writing is received from LIC Housing Finance Ltd.
RAISING OF FINANCE BY PROMOTER. The Allottee understands and acknowledges that the said Land has been mortgaged by the Promoter to Axis Bank Limited for securing the Loan availed by the Promoter for the purpose of construction of the Project on the said Land and the Allottees takes notice that he/she/they is/are required to obtain a No Objection Certificate from Axis Bank Limited for creation of any encumbrances on the said Land. The Allotees agrees and undertakes that he/she/they shall not create any encumbrances over the said Apartment till such time an NOC in writing is received from Axis Bank Limited.
RAISING OF FINANCE BY PROMOTER. The ALLOTTEES understands and acknowledges that the said Land has been/will be mortgage by the Promoter to Financial Institutions of India for securing the Loan for the purpose of construction of the Project on the said Land and the ALLOTTEESs takes notice that he/she/they is/are required to obtain a No Objection Certificate from said financial institution of India for creation of any encumbrances on the said Land. The Allotees agrees and undertakes that he/she/they shall not create any encumbrances over the said Apartment till such time an NOC in writing is received from said financial institution of India. SCHEDULE- “A” PART-I ALL THAT piece and parcel of land containing an area of 254.70 (Two Hundred Twenty Four point Five Zero only) decimal, more or less, Mouza Uttar kajirhat, land area of 437.90 (Four Hundred Thirty Seven point Nine Zero) decimal, more or less, situated at Mouza Uttar kajirhat comprised of R.S. and
RAISING OF FINANCE BY PROMOTER. The Allottee understands and acknowledges that the said Land has been mortgaged by the Promoter to LIC Housing Finance Ltd. for securing the Loan availed by the Promoter for the purpose of construction of the Project on the said Land and the Allottees takes notice that he/she/they is/are required to obtain a No Objection Certificate from LIC Housing Finance Ltd. for creation of any encumbrances on the said Land. The Allotees agrees and undertakes that he/she/they shall not create any encumbrances over the said Apartment till such time an NOC in writing is received from LIC Housing Finance Ltd. . The Allottee shall make all payments to the Promoter as stipulated herein in the Bank Account bearing No. _ with _ Bank having its Branch at _.