Common use of Schedule for possession of the Apartment Clause in Contracts

Schedule for possession of the Apartment. The Vendor/ Xxxxxxxxx agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association or the competent authority, as the case may be, is the essence of the Agreement. The Vendor/ Developer assures to hand over possession of the Apartment along with ready and complete Common Areas with all specifications, amenities and facilities of the Project in place by 30.12.2023 unless there is delay or failure due to Force Majeure. If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Vendor/ Developer shall be entitled to the extension of time for delivery of possession of the Apartment. However, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Vendor/ Developer to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/ Developer shall refund to the Allottee the entire amount (less any taxes collected from the Allottee) received by the Vendor/ Developer, from the allotment within 45 (forty- five) days from that date. The Vendor/ Developer shall intimate the Allottee about such termination at least 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she/they shall not have any rights, claims etc. against the Vendor/ Developer and that the Vendor/ Developer shall be released and discharged from all its obligations and liabilities under this Agreement. For the purposes of force majeure the following shall be deemed to be force majeure conditions: i) War

Appears in 5 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

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Schedule for possession of the Apartment. The Vendor/ Xxxxxxxxx Developer agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association or the competent authority, as the case may be, is the essence of the Agreement. The Vendor/ Developer assures to hand over possession of the Apartment along with ready and complete Common Areas with all specifications, amenities and facilities of the Project in place by 30.12.2023 30.06.2024 unless there is delay or failure due to Force Majeure. If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Vendor/ Developer shall be entitled to the extension of time for delivery of possession of the Apartment. However, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Vendor/ Developer to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/ Developer shall refund to the Allottee the entire amount (less any taxes collected from the Allottee) received by the Vendor/ Developer, from the allotment within 45 (forty- forty-five) days from that date. The Vendor/ Developer shall intimate the Allottee about such termination at least 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she/they shall not have any rights, claims etc. against the Vendor/ Developer and that the Vendor/ Developer shall be released and discharged from all its obligations and liabilities under this Agreement. For the purposes of force majeure the following shall be deemed to be force majeure conditions: i) War

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Schedule for possession of the Apartment. The Vendor/ Xxxxxxxxx Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association or the competent authority, as the case may beAllottee, is the essence of the Agreement. The Vendor/ Developer Promoter assures to hand over possession of the Apartment along with ready and complete Common Areas with all specifications, amenities and facilities of the Project said Tower as mentioned Part I Schedule E in place by 30.12.2023 on 30th September, 2020 unless there is delay or failure due to Force Majeure. If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Vendor/ Developer Promoter shall be entitled to the extension of time for delivery of possession of the Apartment. However, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan plan. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Vendor/ Developer Promoter to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/ Developer Promoter shall refund to the Allottee the entire amount (less any taxes collected from the Allottee) received by the Vendor/ DeveloperPromoter, from the allotment within 45 (forty- forty-five) days from that date. The Vendor/ Developer Promoter shall intimate the Allottee about such termination at least 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she/they she shall not have any rights, claims etc. against the Vendor/ Developer Promoter and that the Vendor/ Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. For It is clarified that all amounts collected as taxes, charges, levies, cess, assessments and impositions and deposited with the purposes of force majeure appropriate authorities concerned shall not be returned by the following Promoter and the Allottee shall be deemed free to be force majeure conditions: i) Warapproach the authorities concerned for refund of such taxes, charges, levies, cess, assessments and impositions.

Appears in 1 contract

Samples: Agreement for Sale

Schedule for possession of the Apartment. The Vendor/ Xxxxxxxxx Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association of allottees of the Luxury Zone and Luxury portion of the Future Development on its formation or to the competent authorityCompetent Authority, as the case may be, is the essence of the Agreement. The Vendor/ Developer Promoter assures to hand over possession of the Apartment along with ready and complete Common Areas common areas of the Project with all specifications, amenities and facilities of the Project (except certain facilities of Club which will be available upon completion of all the Towers/ Phases of the Luxury Zone) in place by 30.12.2023 on 30 .09.2023, unless there is delay or failure due to Force Majeurewar, flood, draught, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“FORCE MAJEURE”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Vendor/ Developer Promoter shall be entitled to the extension of time for delivery of possession of the Apartment. HoweverProvided, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes become impossible for the Vendor/ Developer Promoter to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/ Developer Promoter shall refund to the Allottee the entire amount (less any taxes collected from the Allottee) received by the Vendor/ Developer, Promoter from the allotment within 45 (forty- forty-five) days from that date. The Vendor/ Developer Promoter shall intimate the Allottee about such termination at least 30 (thirty) thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ shehe/they she shall not have any rights, claims etc. against the Vendor/ Developer Promoter and that the Vendor/ Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. For the purposes of force majeure the following shall be deemed to be force majeure conditions: i) War.

Appears in 1 contract

Samples: Greement for Sale

Schedule for possession of the Apartment. The Vendor/ Xxxxxxxxx Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association or the competent authority, as the case may beAllottee, is the essence of the Agreement. The Vendor/ Developer Promoter assures to hand over possession of the Apartment along with ready and complete Common Areas with all specifications, amenities and facilities of the Project said Tower as mentioned Part I Schedule E in place by 30.12.2023 on 31st March, 2021 unless there is delay or failure due to Force Majeure. If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Vendor/ Developer Promoter shall be entitled to the extension of time for delivery of possession of the Apartment. However, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan plan. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Vendor/ Developer Promoter to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/ Developer Promoter shall refund to the Allottee the entire amount (less any taxes collected from the Allottee) received by the Vendor/ DeveloperPromoter, from the allotment within 45 (forty- forty-five) days from that date. The Vendor/ Developer Promoter shall intimate the Allottee about such termination at least 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she/they she shall not have any rights, claims etc. against the Vendor/ Developer Promoter and that the Vendor/ Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. For It is clarified that all amounts collected as taxes, charges, levies, cess, assessments and impositions and deposited with the purposes of force majeure appropriate authorities concerned shall not be returned by the following Promoter and the Allottee shall be deemed free to be force majeure conditions: i) Warapproach the authorities concerned for refund of such taxes, charges, levies, cess, assessments and impositions.

Appears in 1 contract

Samples: Agreement for Sale

Schedule for possession of the Apartment. The Vendor/ Xxxxxxxxx Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association or the competent authority, as the case may be, is the essence of the Agreement. The Vendor/ Developer Promoter assures to hand over possession of the Apartment along with ready and complete Common Areas with all specifications, amenities and facilities of the Project in place by 30.12.2023 on 28th June 2025 unless there is delay or failure due to Force Majeure. If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Vendor/ Developer Promoter shall be entitled to the extension of time for delivery of possession of the Apartment. However, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement preponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Vendor/ Developer Promoter to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/ Developer Promoter shall refund to the Allottee the entire amount (less any taxes collected from the Allottee) received by the Vendor/ DeveloperPromoter, from the allotment within 45 (forty- forty-five) days from that date. The Vendor/ Developer Promoter shall intimate the Allottee about such termination at least 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she/they she shall not have any rights, claims etc. against the Vendor/ Developer Promoter and that the Vendor/ Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. For It is clarified that all amounts collected as taxes, charges, levies, cess, assessments and impositions and deposited with the purposes of force majeure appropriate authorities concerned shall not be returned by the following Promoter and the Allottee shall be deemed free to be force majeure conditions: i) Warapproach the authorities concerned for refund of such taxes, charges, levies, cess, assessments and impositions.

Appears in 1 contract

Samples: Agreement for Sale

Schedule for possession of the Apartment. The Vendor/ Co-owners / Xxxxxxxxx agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association or the competent authority, as the case may be, is the essence of the Agreement. The Vendor/ Co-owners / Developer assures to hand over possession of the Apartment along with ready and complete Common Areas with all specifications, amenities and facilities of the Project in place by 30.12.2023 31.12.2024 unless there is delay or failure due to Force Majeure. If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Vendor/ Co-owners / Developer shall be entitled to the extension of time for delivery of possession of the Apartment. However, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its Allottee’s payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan plan. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Vendor/ Co-owners / Developer to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/ Co-owners / Developer shall refund to the Allottee the entire amount (less any taxes collected from the Allottee) received by the Vendor/ Co-owners / Developer, from the allotment within 45 (forty- forty-five) days from that date. The Vendor/ Co-owners / Developer shall intimate the Allottee about such termination at least 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she/they the Alottee shall not have any rights, claims etc. against the Vendor/ Co-owners / Developer and that the Vendor/ Co-owners / Developer shall be released and discharged from all its obligations and liabilities under this Agreement. For the purposes of force majeure the following shall be deemed to be force majeure conditions: i) War

Appears in 1 contract

Samples: Agreement for Sale

Schedule for possession of the Apartment. The Vendor/ Xxxxxxxxx Developer agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association or the competent authority, as the case may be, is the essence of the Agreement. The Vendor/ Developer assures to hand over possession of the Apartment along with ready and complete Common Areas with all specifications, amenities and facilities of the Project in place by 30.12.2023 31.03.2023 unless there is delay or failure due to Force Majeure. If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Vendor/ Developer shall be entitled to the extension of time for delivery of possession of the Apartment. However, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan Provided planProvided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Vendor/ Developer to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/ Developer shall refund to the Allottee the entire amount (less any taxes collected from the Allottee) received by the Vendor/ Developer, from the allotment within 45 within45 (forty- forty-five) days from that date. The Vendor/ Developer shall intimate the Allottee about such termination at least 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she/they she shall not have any rights, claims etc. against the Vendor/ Developer and that the Vendor/ Developer shall be released and discharged from all its obligations and liabilities under this Agreement. For the purposes of force majeure the following shall be deemed to be force majeure conditions: i) War

Appears in 1 contract

Samples: Agreement for Sale

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Schedule for possession of the Apartment. The Vendor/ Xxxxxxxxx Promoters agrees and understands that timely delivery of possession of the Apartment to the Allottee Allottees and the Common Areas to the Association or the competent authority, as the case may be, association of Allottees is the essence of the Agreement. The Vendor/ Developer Promoters assures to hand over possession of the Apartment along with ready and complete right to use Common Areas with all specifications, amenities and facilities of the Project Said Project/Complex to be in place by 30.12.2023 by-unless there is delay or failure due to Force Majeurewar, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project/Complex (the “FORCE MAJEURE”). If, however, the completion of the Project Said Project/Complex is delayed due to the Force Majeure conditions then the Allottee Allottees agrees that the Vendor/ Developer Promoters shall be entitled to the extension of time for delivery of possession of the Apartment. However, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottees agrees and confirms that, in the event it becomes impossible for the Vendor/ Developer Promoters to implement the Project Said–Project/Complex due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/ Co- Owner/Developer shall refund to the Allottee Allottees the entire amount (less any taxes collected from the Allottee) received by the Vendor/ Developer, Co- Owner/Developer from the allotment within 45 (forty- five) days from that date. The Vendor/ Developer Promoters shall intimate to the Allottee Allottees about such termination at least 30 (thirty) thirty days prior to such termination. After refund of the money paid by the AllotteeAllottees, the Allottee Allottees agrees that he/ she/they the Allottees shall not have any rights, claims etc. against the Vendor/ Developer Promoters and that the Vendor/ Developer Promoters shall be released and discharged from all its obligations and liabilities under this Agreement. For the purposes of force majeure the following shall be deemed to be force majeure conditions: i) War.

Appears in 1 contract

Samples: Agreement for Sale

Schedule for possession of the Apartment. The Vendor/ Xxxxxxxxx Vendor-Cum-Developer agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association or the competent authority, as the case may be, association of Allottee is the essence of the Agreement. The Vendor/ Vendor- Cum-Developer assures to hand over possession of the Apartment along with ready and complete right to use Common Areas with all specifications, amenities and facilities of the Project to be in place by 30.12.2023 by-unless there is delay or failure due to Force Majeurewar, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Project (the “FORCE MAJEURE”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Vendor/ Vendor-Cum-Developer shall be entitled to the extension of time for delivery of possession of the Apartment. However, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan Provided provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Vendor/ Vendor-Cum-Developer to implement the Said–Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/ Vendor-Cum-Developer shall refund to the Allottee the entire amount (less any taxes collected from the Allottee) received by the Vendor/ Developer, Vendor-Cum-Developer from the allotment within 45 (forty- five) days from that date. The Vendor/ Vendor-Cum-Developer shall intimate to the Allottee about such termination at least 30 (thirty) thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she/they the Allottee shall not have any rights, claims etc. against the Vendor/ Vendor-Cum-Developer and that the Vendor/ Vendor-Cum-Developer shall be released and discharged from all its obligations and liabilities under this Agreement. For the purposes of force majeure the following shall be deemed to be force majeure conditions: i) War.

Appears in 1 contract

Samples: Agreement for Sale

Schedule for possession of the Apartment. Unit – The Vendor/ Xxxxxxxxx Promoter agrees and understands that timely delivery of possession of the Apartment Unit to the Allottee and Allottee(s) along with the Common Areas to Areas, Amenities and Facilities of the Association or the competent authority, Said Project as the case may bementioned in Part I of Schedule E, is the essence of the Agreement. The Vendor/ Developer Promoter assures to hand over handover possession of the Apartment Unit along with ready the Common Areas, Amenities and complete Common Areas Facilities being developed in the Said Project as mentioned in Part I of Schedule E with all specificationsSpecifications as detailed in Schedule D in place, amenities and facilities on or before July 31st, 2026 along with a further grace period of the Project in place by 30.12.2023 6 (six) months, unless there is delay or failure to keep the construction going due to war, flood, drought, fire, cyclone earthquake, pandemic, epidemic, lockdown, or any other calamity caused by nature, or due to any order by any Court, Tribunal or Government Authority, quasi judicial body, effecting the regular development of the Said Project (“Force Majeure”). If, however, the completion of the Said Project is delayed due to the Force Majeure conditions then the Allottee Allottee(s) agrees that the Vendor/ Developer Promoter shall be entitled to the extension of time for delivery of possession of the Apartment. HoweverUnit along with along with the Common Areas, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) Amenities and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations Facilities of the Allottee are linked inter alia to the progress Said Project as mentioned in Part I of construction, Schedule E and the same is Promoter shall not a time linked plan be liable to pay any penalty/interest/compensation for the delay caused due to such Force Majeure condition. Provided that such Force Majeure conditions are not of a nature which make makes it impossible for the contract this Agreement to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it becomes impossible for the Vendor/ Developer Promoter to implement the Said Project or any part thereof, due to Force Majeure conditions, then which shall be assessed by the Promoter, the Promoter shall inform the Allottee(s) about such impossibility along with notice of termination of 1 (one) month. In such a scenario, the Allottee(s) agrees to execute (and register) a cancellation deed with respect to the Unit on which date, the termination shall become effective. Upon termination of this allotment shall stand terminated and Agreement, the Vendor/ Developer Promoter shall refund to the Allottee Allottee(s) the entire amount (less any taxes collected from the Allottee) received by the Vendor/ Developer, Promoter from the allotment Allottee(s), without any interest, within 45 90 (forty- fiveninety) days from that date. The Vendor/ Developer shall intimate the Allottee about such termination at least 30 (thirty) days prior date on and only after which the amount will be refunded to such terminationthe Allottee. After refund of the money paid by the AllotteeAllottee(s), the Allottee Allottee(s) agrees that he/ she/they she shall not have any rights, claims etc. against the Vendor/ Developer Promoter and/or the Said Project and that the Vendor/ Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. For However, the purposes of force majeure the following aforesaid amount shall be deemed to be force majeure conditions: i) Warrefunded by the Promoter only upon execution and registration of the cancellation deed by the Allottee.

Appears in 1 contract

Samples: Draft Agreement for Residential

Schedule for possession of the Apartment. The Vendor/ Xxxxxxxxx Vendor agrees and understands that timely delivery of possession of the Apartment to the Allottee and the Common Areas to the Association or the competent authority, as the case may be, is the essence of the Agreement. The Vendor/ Developer Vendor assures to hand over possession of the Apartment along with ready and complete Common Areas with all specifications, amenities and facilities of the Project in place by 30.12.2023 30.06.2024 unless there is delay or failure due to Force Majeure. If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Vendor/ Developer Vendor shall be entitled to the extension of time for delivery of possession of the Apartment. However, if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their/its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Vendor/ Developer Vendor to implement the Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/ Developer Vendor shall refund to the Allottee the entire amount (less any taxes collected from the Allottee) received by the Vendor/ DeveloperVendor, from the allotment within 45 (forty- forty-five) days from that date. The Vendor/ Developer Vendor shall intimate the Allottee about such termination at least 30 (thirty) days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she/they shall not have any rights, claims etc. against the Vendor/ Developer Vendor and that the Vendor/ Developer Vendor shall be released and discharged from all its obligations and liabilities under this Agreement. For the purposes of force majeure the following shall be deemed to be force majeure conditions: i) War

Appears in 1 contract

Samples: Agreement for Sale

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