Allottee definition

Allottee means a successful Bidder to whom the Equity Shares are Allotted.

Allottee means one or more Allottees named above and include:-

Allottee. , in relation to an apartment, means the person to whom such apartment has been allotted, sold or otherwise transferred by the promoter;

Examples of Allottee in a sentence

• It is made clear and so agreed by the Allottee that exercise of discretion by the Promoter in the case of one Allottee shall not be construed to be a precedent and /or binding on the Promoter to exercise such discretion in the case of other Allottees.

• That in case there are Joint Allottees all communications shall be sent by the Promoter to the Allottee whose name appears first and at the address given by him/her which shall for all intents and purposes to consider as properly served on all the Allottees.

• After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc.

• The Allottee shall not be permitted to use the services areas and the basements in any manner whatsoever, other than those earmarked as parking spaces, and the same shall be reserved for use by the association of allottees formed by the Allottees for rendering maintenance services.

• The Promoter shall compensate the Allottee in case of any loss caused to him due to defective title of the land, on which the project is being developed or has been developed, in the manner as provided under the Act and the claim for interest and compensation under this provision shall not be barred by limitation provided under any law for the time being in force.

More Definitions of Allottee

Allottee means the Applicant(s) who has agreed to abide by these Standard Terms & Conditions and has been provisionally allotted the Said Premises by the Company at Jaypee Greens Sports City, East. The term “Allottee" shall, unless it be repugnant to the context or meaning thereof, be construed to mean and include his/their representatives, successors, executors and permitted assigns;

Allottee means the Applicant(s) who has/ have applied for Provisional Allotment of a unit and have agreed to abide by these Standard Terms & Conditions and has been provisionally allotted the Said Premises by the Company at Jaypee Greens. The term “Allottee” shall, unless it be repugnant to the context or meaning thereof, be construed to mean and include his/their representatives, successors, executors and permitted assigns;

Allottee means a person to whom an Allotment Letter has been issued by way of a method of conveyance as approved and/ or permitted by the Authority.

Allottee shall hereinafter, collectively, be referred to as the “Parties” and individually as a “Party” DEFINITIONS: For the purpose of this Agreement for Sale, unless the context otherwise requires-

Allottee in relation to a real estate project, means the person to whom a plot, apartment or building, as the case may be, has been allotted, sold (whether as freehold or leasehold) or otherwise transferred by the promoter, and includes the person who subsequently acquires the said allotment through sale, transfer or otherwise but does not include a person to whom such plot, apartment or building, as the case may be, is given on rent;

Allottee shall hereinafter, collectively, be referred to as the “Parties” and individually as a “Party”)

Allottee means a member of a co-operative housing society to whom a plot of land or a site, or a flat in a building or complex held by it, is allotted by the co-operative society;