Common use of Transfer to the Nominee Clause in Contracts

Transfer to the Nominee. 6.1. Prior to the execution and registration of the Deed of Sub-Lease/ Assignment and/or Under Lease, as the case may be, (as mentioned herein) in favour of the Allottee in respect of the said Apartment/Residential Apartment, the Allottee shall not be entitled to transfer/nominate/assign his/her/its rights under this Agreement in favour of any third party except with the prior written consent of the Promoter. The Promoter may allow the Allottee to transfer nominate/assign his/her/its rights under this Agreement in respect of the said Apartment/Residential Apartment only if all the following conditions are complied with: -