Common use of Representations of the Vendor Clause in Contracts

Representations of the Vendor. The Vendor hereby agrees to observe, perform and comply with all the terms, conditions, stipulations and restrictions if any, which may have been imposed by the concerned local authority at the time of sanctioning the said Plans or thereafter and shall, before handing over possession of the Unit to the Allottee/s, obtain from the concerned local authority occupancy and /or completion certificates in respect of the Unit. i. It is further agreed that the Vendor/Association shall start commencement of the common area maintenance within two months post receipt of the Completion Certificate from the Local Authority. ii. It is further agreed that the Vendor/Association reserves the right to claim the additional amount towards the maintenance charges from the Allottee/s if the provision maintenance charges paid by the Allottee/s exhaust on an early date. iii. The Vendor/Association shall handover the duly accounts of the maintenance funds to the Association after formation of the same and the Vendor/Association shall be responsible to produce the accounts of maintenance funds till the date of formation of Association to the Allottee/s in a yearly meeting with Allottee/s.

Representations of the Vendor. The Vendor hereby agrees to observe, perform and comply with all the terms, conditions, stipulations and restrictions if any, which may have been imposed by the concerned local authority at the time of sanctioning the said Plans or thereafter and shall, before handing over possession of the Unit to the Allottee/s, obtain from the concerned local authority occupancy and /or completion certificates in respect of the Unit. i. It is further agreed that the Vendor/Association shall start commencement of the common area maintenance within two months post receipt of the Completion Certificate from the Local Authority. ii. It is further agreed that the Vendor/Association reserves the right to claim the additional amount towards the maintenance charges from the Allottee/s if the provision maintenance charges paid by the Allottee/s exhaust on an early date. iii. The Vendor/Association shall handover the duly accounts of the maintenance funds to the Association after formation of the same and the Vendor/Vendor/ Association shall be responsible to produce the accounts of maintenance funds till the date of formation of Association to the Allottee/s in a yearly meeting with Allottee/s.