Common use of Schedule for Possession Clause in Contracts

Schedule for Possession. Of The Said Apartment : The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the Association of Allottee or the competent Authority, as the case may be, is the essence of the Agreement. The Promoter assures to handover possession of the Apartment along with ready and complete common areas with all Specifications, amenities and facilities of the Project in place on ........................ unless there is delay or failure due to war, flood, drought, fire, cyclone earthquake or any other calamity caused by nature effecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the 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 to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the Allotment within ............... months from that date. The Promoter 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 agreed that he/she/they shall not have any rights, claims etc. against the Promoter and the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Schedule for Possession. Of The of the Said Apartment Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee allottee and the common areas to the Association association of Allottee allottees or the competent Authorityauthority, as the case may be, is the essence of the Agreement. The Promoter assures to handover hand over possession of the Apartment along with ready and complete common areas with all Specificationsspecifications, amenities and facilities of the Project project in place on ........................ 31/12/2019, unless there is delay or of failure due to war, flood, drought, fire, cyclone cyclone, earthquake or any other calamity caused by nature effecting affecting the regular development of the real estate project (“Force Majeure”). If, If however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the 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 to implement the project Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the Allotment allotment within ............... months 45 days from that date. The Promoter 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 agreed agrees that he/she/they she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Schedule for Possession. Of The of the Said Apartment Apartment: The Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee allottee and the common areas to the Association association of Allottee allottees or the competent Authorityauthority, as the case may be, is the essence of the Agreement. The Promoter assures to handover hand over possession of the Apartment along with ready and complete common areas with all Specificationsspecifications, amenities and facilities of the Project project in place on ........................ 31/12/2019, unless there is delay or of failure due to war, flood, drought, fire, cyclone cyclone, earthquake or any other calamity caused by nature effecting affecting the regular development of the real estate project (“Force Majeure”). If, If however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the 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 to implement the project Project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the Allotment allotment within ............... months 45 days from that date. The Promoter 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 agreed Xxxxxxxx agrees that he/she/they she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.