Common use of ADJUSTMENT/APPROPRIATION OF PAYMENTS Clause in Contracts

ADJUSTMENT/APPROPRIATION OF PAYMENTS. The Allottee authorizes the Promoter to adjust appropriate all payments made by him/her under any head(s) of dues against lawful outstanding, if any, in his/her name as the Promoter may in its sole discretion deem fit and the Allottee undertakes not to object/demand/direct the Promoter to adjust his/her payments in any other manner. 5 TIME IS OF ESSENCE Time is of essence to the Promoter as well as the Allottee. The Promoter shall, subject to Force Majeure, abide by the time schedule for completing the project and handing over the Unit to the Allottee and the common areas to the association of the allottees after receiving the occupancy certificate. Similarly, the Allottee shall make timely payments of the installment and other dues payable by him/her and meeting the other obligations under the Agreement subject to the simultaneous completion of construction by the Promoter as provided in Part-II of Schedule C ("Payment Plan").

Appears in 6 contracts

Samples: Agreement for Sale, Agreement for Sale, And

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ADJUSTMENT/APPROPRIATION OF PAYMENTS. The Allottee authorizes the Promoter to adjust and/or appropriate all payments made by him/her under any head(s) of dues against lawful outstanding, if any, in his/her name as the Promoter may in its sole discretion deem fit and the Allottee undertakes not to object/demand/direct the Promoter to adjust his/her payments in any other manner. 5 TIME IS OF ESSENCE Time is of essence to the Promoter as well as the Allottee. The Promoter shall, subject to Force Majeure, abide by the time schedule for completing the project and handing over the Unit to the Allottee and the common areas to the association of the allottees after receiving the occupancy certificateCompletion Certificate. Similarly, the Allottee shall make timely payments of the installment installments and other dues payable by him/her him and meeting the other obligations under the Agreement subject to the simultaneous completion of construction by the Promoter as provided in PartPART-II of Schedule C ("Payment Plan").

Appears in 2 contracts

Samples: Agreement for Sale, Service Unit

ADJUSTMENT/APPROPRIATION OF PAYMENTS. The Allottee authorizes the Promoter to adjust appropriate all payments made by him/her under any head(s) of dues against lawful outstanding, if any, in his/her name as the Promoter may in its sole discretion deem fit and the Allottee undertakes not to object/demand/direct the Promoter to adjust his/her payments in any other manner. 5 TIME IS OF ESSENCE Time is of essence to the Promoter as well as the Allottee. The Promoter shall, subject to Force Majeure, abide by the time schedule for completing the project and handing over the Unit to the Allottee and the common areas to the association of the allottees after allotteesafter receiving the occupancy completion certificate. Similarly, the Allottee shall make timely payments of the installment and other dues payable by him/her and meeting the other obligations under the Agreement subject to the simultaneous completion of construction by the Promoter as provided in Part-II of Schedule C ("Payment Plan").

Appears in 1 contract

Samples: Draft for Approval Agreement for Sale

ADJUSTMENT/APPROPRIATION OF PAYMENTS. The Allottee authorizes the Promoter to adjust appropriate all payments made by him/her under any head(s) of dues against lawful outstanding, if any, in his/her name as the Promoter may in its sole discretion deem fit and the Allottee undertakes not to object/demand/direct the Promoter to adjust his/her payments in any other manner. 5 TIME IS OF ESSENCE Time is of essence to the Promoter as well as the Allottee. The Promoter shall, subject to Force Majeure, abide by the time schedule for completing the project and handing over the Unit to the Allottee and the common areas to the association of the allottees after allotteesafter receiving the occupancy certificate. Similarly, the Allottee shall make timely payments of the installment and other dues payable by him/her and meeting the other obligations under the Agreement subject to the simultaneous completion of construction by the Promoter as provided in Part-II of Schedule C ("Payment Plan").

Appears in 1 contract

Samples: Agreement for Sale

ADJUSTMENT/APPROPRIATION OF PAYMENTS. The Allottee authorizes the Promoter to adjust appropriate all payments made by him/him / her / them under any head(s) of dues against lawful outstandingoutstanding of the allottee against the Flat, if any, in his/his / her / their name as the Promoter may in its sole discretion deem fit and the Allottee undertakes not to object/demand/object / demand / direct the Promoter to adjust his/her his payments in any other manner. 5 Contd…. P / 8 5. TIME IS OF ESSENCE ESSENCE- Time is of essence to for the Promoter as well as the Allottee. The Promoter shall, subject to Force Majeure, shall abide by the time schedule for completing the project and handing over the Unit Flat to the Allottee and the common areas to the association of the allottees after receiving the occupancy certificate* or the completion certificate or both, as the case may be. Similarly, the Allottee shall make timely payments of the installment and other dues payable by him/her and meeting the other obligations under the Agreement subject to the simultaneous completion of construction by the Promoter as provided in Part-II of Schedule C A ("Payment Plan").

Appears in 1 contract

Samples: 202.61.117.163

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ADJUSTMENT/APPROPRIATION OF PAYMENTS. The Allottee authorizes the Promoter to adjust appropriate all payments made by him/her under any head(s) of dues against lawful outstanding, if any, in his/her name as the Promoter may in its sole discretion deem fit and the Allottee undertakes not to object/demand/direct the Promoter to adjust his/her payments in any other manner. 5 TIME IS OF ESSENCE Time is of essence to the Promoter as well as the Allottee. The Promoter shall, subject to Force Majeure, abide by the time schedule for completing the project and handing over the Unit to the Allottee and the common areas to the association of the allottees after receiving the occupancy certificate. Similarly, the Allottee shall make timely payments of the installment and other dues payable by him/her and meeting the other obligations under the Agreement subject to the simultaneous completion of construction by the Promoter as provided in Part-Part- II of Schedule C ("Payment Plan").

Appears in 1 contract

Samples: Agreement for Sale

ADJUSTMENT/APPROPRIATION OF PAYMENTS. The Allottee authorizes the Promoter to adjust adjust/appropriate all payments made by him/her her/it under any head(s) of dues against lawful outstandingoutstanding of the Allottee against the Apartment, if any, in his/her her/its name as the Promoter may in its sole discretion deem fit and the Allottee undertakes not to object/demand/object/ demand/ direct the Promoter to adjust his/her her/its payments in any other manner. 5 TIME IS OF ESSENCE ESSENCE: Time is of essence to for the Promoter as well as the AllotteeAlloottee. The Promoter shall, subject to Force Majeure, shall abide by the time schedule for completing the project Project and handing over the Unit Apartment to the Allottee and the common areas to the association of the allottees after receiving the occupancy certificatecertificate or completion certificate or both, as the case may be. Similarly, the Allottee shall make timely payments of the installment instalment and other dues payable by him/her her/it and meeting the other obligations under the Agreement subject to the simultaneous completion of construction by the Promoter as provided in Part-II of Sixth Schedule C ("Payment Plan").

Appears in 1 contract

Samples: Draft Agreement to Lease

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