Deemed Possession definition

Deemed Possession shall occur on the failure of the Purchaser(s) to complete the payment and other formalities within the period as intimated vide Notice of Possession (as defined hereinafter);
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Deemed Possession. The Buyer shall, unless the Buyer takes possession earlier, be deemed to have taken possession of the Flat and Appurtenances on the Date of Possession, irrespective of when the Buyer takes actual physical possession. Date of Possession shall thus mean the date on which the Buyer takes physical possession of the Flat And Appurtenances or the 15th day of the date of the Notice, which ever is earlier.
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Examples of Deemed Possession in a sentence

  • In case the Allottee fails to take possession within the time provided in para 7.2 in the Possession Notice such Allottee shall be liable to pay maintenance charges as specified in para 7.2 from such date as notified in the Possession Notice (Deemed Possession).

  • In case the Allottee fails to take possession within the time provided in Clause 7.2, such Allottee shall continue to be liable to pay maintenance charges as specified in Clause 7.2 and all other outgoings as mentioned in this Agreement from such date as mentioned in the Possession Notice (Deemed Possession).

  • In case the Allottee fails to take possession within the time provided in para 7.2 and/or even after the expiry of the Possession Date, such Allottee shall continue to be liable to pay maintenance charges as specified in para 7.2 and the same shall be treated as Deemed Possession.

  • In case the Allottee fails to take possession within the time provided in para 7.2, and/or even after the expiry of the Possession Date, such Allottee shall continue to be liable to pay maintenance charges as specified in para 7.2 and the same shall be treated as Deemed Possession.

  • In case the Allottee(s) fail(s) to take possession within the time provided in para 7.2 such Allottee(s) shall be deemed to be in such possession and the Allottee(s) shall be liable to pay maintenances charges, municipal tax and other outgoings and further pay holding charge of Rs.5,000/- (Rupees five thousand only) per month or part thereof to the Promoter for the period of delay in taking possession from such date as notified in the Possession Notice (Deemed Possession).

  • Construction defects will be rectified by the Promoter during the next 5 years from the date of Partial Completion (Deemed Possession date) and actual physical possession and deemed possession is the same for this purpose.

  • In case the Allottee fails to take possession within the time provided in Para 7.2 in the Possession Notice, such Allottee shall be liable to pay maintenance charges as specified in para 7.2 from such date as notified in the Possession Notice (Deemed Possession).

  • The Allottee, after taking actual possession or from the Deemed Possession Date, whichever is earlier, agree(s) to pay the maintenance charges and common expenses, particulars whereof are more particularly mentioned in the SIXTH SCHEDULE hereunder written, and/or as determined by the Owner/Developer / Association (upon formation), as the case may be, after the issuance of the completion/occupancy certificate for the Project.

  • No right, title and/or interest shall be deemed to have accrued to the Purchaser during Deemed Possession.

  • No later than one business day after the ▇▇▇ Shares Effective Date, Purchaser shall deliver to ▇▇▇▇▇▇, in consideration of the ▇▇▇ Shares, the ▇▇▇ Shares Purchase Price by way of wire transfer in accordance with this Agreement.