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

Schedule for possession of the Said. Unit - The Promoter No.2 agrees and understands that timely delivery of possession of the Said Unit to the Allottee and the Common Areas to the association of allottees is the essence of the Agreement. The Promoter No.2 assures to hand over possession of the Said Unit along with ready and complete Common Areas with all specifications, amenities and facilities of the Complex in place on February, 2021, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Complex (the “FORCE MAJEURE”). If, however, the completion of the Complex is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter No.2 shall be entitled to the extension of time for delivery of possession of the Complex, 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 Promoter No.2 to implement the Complex due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter No.2 shall refund to the Allottee the entire amount received by the Promoter No.2 from the allotment within 45 days from that date. The Promoter No.2 shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that the Allottee shall not have any rights, claims etc. against the Promoter No.2 and that the Promoter No.2 shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

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Schedule for possession of the Said. Unit - Apartment: The Promoter No.2 agrees and understands that timely delivery of possession of the Said Unit Apartment to the Allottee allottee and the Common Areas common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter No.2 assures to hand over possession of the Said Unit Apartment along with ready and complete Common Areas common areas with all specifications, amenities and facilities of the Complex project in place on February, 2021…………………………………………, unless there is delay or of failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Complex real estate project (the FORCE MAJEUREForce Majeure”). If, If however, the completion of the Complex Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter No.2 shall be entitled to the extension of time for delivery of possession of the Complex, provided Apartment. 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 Promoter No.2 to implement the Complex Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter No.2 shall refund to the Allottee the entire amount received by the Promoter No.2 from the allotment within 45 days from that date. The Promoter No.2 shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee Xxxxxxxx agrees that the Allottee he/she shall not have any rights, claims etc. against the Promoter No.2 and that the Promoter No.2 shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

Schedule for possession of the Said. Unit - [Apartment / Plot] – The Promoter No.2 agrees and understands that timely delivery of possession of the Said Unit [Apartment/ Plot] to the Allottee and the Common Areas common areas to the association Association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter No.2 assures to hand over handover possession of the Said Unit [Apartment/ Plot] along with ready and complete Common Areas common areas with all specifications, amenities and facilities of the Complex Project in place on February, 2021, on30.12.2023 unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Complex real estate project (the FORCE MAJEUREForce Majeure”). If, however, the completion of the Complex Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter No.2 shall be entitled to the extension of time for delivery of possession of the Complex, provided [Apartment/ Plot]. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottee(s) agrees and confirms that, in the event it becomes impossible for the Promoter No.2 to implement the Complex project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter No.2 shall refund to the Allottee Allottee(s) the entire amount received by the Promoter No.2 from the allotment Allotment within 45 days from that date. The Promoter No.2 shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees agreed that the Allottee he/ she shall not have any rights, claims etc. against the Promoter No.2 and that the Promoter No.2 shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

Schedule for possession of the Said. Unit [Schedule - “B” Property] : The Promoter No.2 Promoter/ Owner agrees and understands that timely delivery of possession of the Said Unit to the Allottee and the Common Areas to the association of allottees [Schedule - “B” Property] is the essence of the Agreement. The Promoter No.2 Promoter/ Owner, based on the approved plans and specifications, assures to hand over possession of the Said Unit along with ready and complete Common Areas with all specifications, amenities and facilities of the Complex in place [Schedule - “B” Property] on February, 2021, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Complex real-estate project (“Force Majeure”) and Pandemic situations (such as Covid-19) or any other diseases or due to law and order where it becomes difficult to continue the “FORCE MAJEURE”)ongoing works. If, however, the completion of the Complex Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter No.2 Promoter/ Owner shall be entitled to the extension of time for delivery of possession of the Complex[Schedule - “B” Property], 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 Promoter No.2 Promoter/ Owner to implement the Complex project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter No.2 Promoter/ Owner shall refund to the Allottee the entire amount received by the Promoter No.2 Promoter/ Owner from the allotment within 45 days from that date. The Promoter No.2 shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee Xxxxxxxx agrees that the Allottee they shall not have any rights, claims etc. against the Promoter No.2 Promoter/ Owner and that the Promoter No.2 Promoter/ Owner shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

Schedule for possession of the Said. Unit - Xxxxx –The Promoter No.2 agrees and understands that timely delivery of possession of the Said Unit said Villa to the Allottee Allottee(s) and the Common Areas common areas to the association Association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter No.2 assures to hand over handover possession of the Said Unit said Villa along with ready and complete Common Areas common areas with all specifications, amenities and facilities of the Complex Project in place on February, 2021, ---------------------- unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Complex real estate project (the FORCE MAJEUREForce Majeure”). If, however, the completion of the Complex Project is delayed due to the Force Majeure conditions then the Allottee agrees Allottee(s) agree(s) that the Promoter No.2 shall be entitled to the extension of time for delivery of possession of the Complex, provided said Villa. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees Allottee(s) agree(s) and confirms confirm(s) that, in the event it becomes impossible for the Promoter No.2 to implement the Complex project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter No.2 shall refund to the Allottee Allottee(s) the entire amount received by the Promoter No.2 from the allotment Allotment within 45 days from that date. The Promoter No.2 shall intimate the Allottee Allottee(s) about such termination at least thirty days prior to such termination. After refund of the money paid by the AllotteeAllottee(s), the Allottee agrees Allottee(s) agreed that the Allottee he/ she/they shall not have any rights, claims etc. against the Promoter No.2 and that the Promoter No.2 shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

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Schedule for possession of the Said. Unit - The Promoter No.2 agrees and understands that timely delivery of possession of the Said Unit to the Allottee and the Common Areas to the association of allottees is the essence of the Agreement. The Promoter No.2 assures to hand over possession of the Said Unit along with ready and complete Common Areas with all specifications, amenities and facilities of the Complex Phase - I in place on February, 2021the expiry of __ ( ) months from the date of this agreement within a grace period of three months from that date, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the Complex Phase - I (the “FORCE MAJEURE”). If, however, the completion of the Complex Phase - I is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter No.2 shall be entitled to the extension of time for delivery of possession of the ComplexSaid Unit, 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 Promoter No.2 Promoters to implement the Complex Phase - I due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter No.2 shall refund to the Allottee the entire amount received by the Promoter No.2 from the date of allotment within 45 days from that date. The Promoter No.2 shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that the Allottee shall not have any rights, claims etc. against the Promoter No.2 (and/or the other two Promoters) and that the Promoter No.2 (as also the other two Promoters) shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: 202.61.117.163

Schedule for possession of the Said. Unit - APARTMENT: The Promoter No.2 agrees and understands that timely delivery of possession of the Said Unit [Apartment] to the Allottee Allottees and the Common Areas common areas to the association Association of allottees Allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter No.2 assures to hand over handover possession of the Said Unit [Apartment/ Plot] along with ready and complete Common Areas common areas with all specifications, amenities and facilities of the Complex Project in place on February31st. December, 2021, 2025 unless there is delay or failure due to war, flood, drought, fire, cyclonepandemic, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Complex real estate project (the FORCE MAJEUREForce Majeure”). If, however, the completion of the Complex Project is delayed due to the Force Majeure conditions then the Allottee Allottees agrees that the Promoter No.2 shall be entitled to the extension of time for delivery of possession of the Complex, provided Apartment. 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 Promoter No.2 to implement the Complex project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter No.2 shall refund to the Allottee Allottees the entire amount received by the Promoter No.2 from the allotment Allotment within 45 days from that date. The Promoter No.2 shall intimate the Allottee Allottees about such termination at least thirty days prior to such termination. After refund of the money paid by the AllotteeAllottees, the Allottee agrees Allottees agreed that the Allottee he/ she shall not have any rights, claims etc. against the Promoter No.2 and that the Promoter No.2 shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

Schedule for possession of the Said. Unit - Villa –The Promoter No.2 agrees and understands that timely delivery of possession of the Said Unit said Villa to the Allottee Allottee(s) and the Common Areas common areas to the association Association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter No.2 assures to hand over handover possession of the Said Unit said Villa along with ready and complete Common Areas common areas with all specifications, amenities and facilities of the Complex Project in place on February, 2021, ---------------------- unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the Complex real estate project (the FORCE MAJEUREForce Majeure”). If, however, the completion of the Complex Project is delayed due to the Force Majeure conditions then the Allottee agrees Allottee(s) agree(s) that the Promoter No.2 shall be entitled to the extension of time for delivery of possession of the Complex, provided said Villa. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees Allottee(s) agree(s) and confirms confirm(s) that, in the event it becomes impossible for the Promoter No.2 to implement the Complex project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter No.2 shall refund to the Allottee Allottee(s) the entire amount received by the Promoter No.2 from the allotment Allotment within 45 days from that date. The Promoter No.2 shall intimate the Allottee Allottee(s) about such termination at least thirty days prior to such termination. After refund of the money paid by the AllotteeAllottee(s), the Allottee agrees Allottee(s) agreed that the Allottee he/ she/they shall not have any rights, claims etc. against the Promoter No.2 and that the Promoter No.2 shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

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