Nomination Fees Sample Clauses

Nomination Fees. The Allottee shall pay a sum calculated @ 2% of the Unit Price or the Nomination Price whichever is higher, plus applicable taxes, as and by way of nomination fees to the Promoter. It is clarified that inclusion of a new joint allottee or change of a joint allottee shall be treated as a nomination. However nomination fees shall not be payable in case of nomination in favour of parents, spouse or children of the Allottee. Any additional income tax liability that may become payable by the Promoter due to nomination by the Allottee because of higher market valuation as per the registration authorities on the date of nomination and/or the extra registration fees to be paid to the registration authorities due to nomination, shall be compensated by the Allottee paying to the Promoter agreed compensation equivalent to the income tax payable on such difference at the highest applicable tax rate at the prevailing time or the estimated extra registration fees. Such amount shall be payable by the Allottee on or before nomination. The Allottee admits and accepts that he shall not be entitled to nominate or assign his rights under this Agreement save in the manner indicated above.
AutoNDA by SimpleDocs
Nomination Fees. The Allottees shall pay a sum calculated as a percentage of the Total Price plus applicable taxes, as and by way of nomination fees to the Developer. It is clarified that inclusion of a new joint Allottees or change of a joint Allottees shall be treated as a nomination. However nomination fees shall not be payable in case of nomination in favour of parents, spouse or children of the Allottees. Any additional income tax liability that may become payable by the Developer due to nomination by the Allottees because of higher market valuation as per the registration authorities on the date of nomination and/or the extra registration fees to be paid to the registration authorities due to nomination, shall be compensated by the Allottees paying to the Developer agreed compensation equivalent to the income tax payable on such difference at the highest applicable tax rate at the prevailing time or the estimated extra registration fees. Such amount shall be payable by the Allottees on or before nomination. The Allottees admits and accepts that he shall not be entitled to nominate or assign his rights under this Agreement save in the manner indicated above.
Nomination Fees. The Allottee shall pay a sum calculated @ 2% of the Total Price , or the Nomination Price whichever is higher,plus applicable taxes, as and by way of nomination fees to the Promoter. It is clarified that inclusion of a new joint allottee or change of a joint allottee shall be treated as a nomination. However nomination fees shall not be payable in case of nomination in favour of parents, spouse, brother, sister or children of the Allottee. Any additional income tax liability that may become payable by the Promoter due to nomination by the Allottee because of higher market valuation as per the registration authorities on the date of nomination and/or the extra registration fees to be paid to the registration authorities due to nomination, shall be compensated by the Allottee paying to the Promoter agreed compensation equivalent to the income tax payable on such difference at the highest applicable tax rate at the prevailing time or the estimated extra registration fees. Such amount shall be payable by the Allottee on or before nomination. The Allottee admits and accepts that he shall not be entitled to nominate or assign his rights under this Agreement save in the manner indicated above.
Nomination Fees. The Allottee shall pay a sum calculated @ Rs. 100/- (Rupees Hundred only) per square foot of super built-up area as andby way of nomination fees to the Promoter. It is clarified that inclusion of a new joint Allottee or change of a joint Allottee shall be treated as a nomination. However Nomination Fees shall not be payable in case of nomination in favour of parents, spouse, brother, sister or children of the Allottee. Any additional income tax liability that may become payable by the Promoter due to nomination by the Allottee because of higher market valuation as per the Registration Authorities on the date of nomination and/or the extra registration fees to be paid to the Registration Authorities due to nomination, shall be compensated by the Allottee paying to the Promoter agreed compensation equivalent to the income tax payable on such difference at the highest applicable tax rate at the prevailing time or the estimated extra registration fees. Such amount shall be payable by the Allottee on or before the nomination. The Allottee admits and accepts that the Allottee shall not be entitled to nominate or assign his rights under this Agreement save in the manner indicated above. SCHEDULE ‘A’ PART I PROJECT LAND ALL THAT piece and parcel of land containing an area of 30 Cottahs 00 Xxxxxxx 0 Sqft in premises Xx. 0X, Xxxx Xxxxxx, X.X. & P.O. – Park Street, Kolkata- 700 016, within the municipal limits of Kolkata Municipal Corporation Xxxx No. 63 . The said premises is delineated in the plan annexed hereto duly bordered thereon in “Red” and butted and bounded as follows: ON THE NORTH : By Premises Nos. 1/1A, 1/1B, 1/1C, 1/1D and 1/1E, Ripon Street ON THE SOUTH : By Premises No. 5B, Royd Street and Royd Street ON THE EAST : By Premises Xx. 0, Xxxx Xxxxxx and Premises Xx. 0, Xxxxx Xxxxxx ON THE WEST : By Premises Xx. 00X, Xxxxx Xxxxxx Street OR HOWSOEVER OTHERWISE the same now are or is or heretofore were or was butted, bounded, called, known, numbered, described or distinguished.
Nomination Fees. The Allottee shall pay a sum calculated @ Rs.37.50 (Rupees thirty seven and fifty paise only) per sq.ft. Plus GST at rates as applicable at the time of such nomination of the total carpet area of the said Apartment including the carpet area of the servant quarter/store/ balcony/verandah, if any, as and by way of nomination fees to the Developer. It is clarified that inclusion of a new joint allottee or change of a joint allottee shall be treated as a nomination. However nomination fees shall not be payable in case of nomination in favour of parents, spouse, brother, sister or children of the Allottee. Any additional income tax liability that may become payable by the Developer due to nomination by the Allottee shall be compensated by the Allottee to the Developer by paying the agreed compensation equivalent to the income tax payable on such nomination. Such amount shall be payable by the Allottee on or before nomination. The Allottee admits and accepts that he shall not be entitled to nominate or assign his rights under this Agreement save in the manner indicated above.
Nomination Fees. The Allottee shall pay a sum calculated @ 2% of the Unit Price or the consideration agreed upon by and between the Allottee herein and the proposed nominee for such Nomination (Nomination Price) whichever is higher, plus applicable taxes, as and by way of nomination fees to the Promoter. It is clarified that inclusion of a new joint allottee or change of a joint allottee shall be treated as a nomination. However nomination fees shall not be payable in case of nomination in favour of parents, spouse, brother, sister or children of the Allottee. Any additional income tax liability that may become payable by the Promoter due to nomination by the Allottee because of higher market valuation as per the registration authorities on the date of nomination and/or the extra registration fees to be paid to the registration authorities due to nomination, shall be compensated by the Allottee paying to the Promoter agreed compensation equivalent to the income tax payable on such difference at the highest applicable tax rate at the prevailing time or the estimated extra registration fees. Such amount shall be payable by the Allottee on or before nomination. The Allottee admits and accepts that he shall not be entitled to nominate or assign his rights under this Agreement save in the manner indicated above.
Nomination Fees. The Buyer shall pay a sum calculated @ Rs. 35/- (Rupees thirty five) per square feet of built-up area as and by way of nomination fees to the Vendor. It is clarified that inclusion of a new joint Buyer or change of a joint Buyer shall be treated as a nomination. However Nomination Fees shall not be payable in case of nomination in favour of parents, spouse, brother, sister or children of the Buyer. Any additional income tax liability that may become payable by the Vendor due to nomination by the Buyer because of higher market valuation as per the Registration Authorities on the date of nomination, shall be compensated by the Buyer paying to the Vendor agreed compensation equivalent to the income tax payable on such difference at the highest applicable tax rate at the prevailing time Such amount shall be payable by the Buyer on or before the nomination. The Buyer admits and accepts that the Buyer shall not nominate or assign the rights under this Agreement save in the manner indicated above.
AutoNDA by SimpleDocs
Nomination Fees. The Allottee shall pay a sum calculated @ Rs.100/- (Rupees One Hundred only) per sq.ft. plus GST/taxes as applicable at the time of such nomination on the chargeable area of the said Apartment including the chargeable area of the servant quarter, if any, as and by way of nomination fees to the Owner/Vendor. It is clarified that inclusion of a new joint allottee or change of a joint allottee shall be treated as a nomination. However nomination fees shall not be payable in case of nomination in favour of parents, spouse, brother, sister or children of the Allottee. Any additional income tax liability that may become payable by the Owner/Vendor due to nomination by the Allottee shall be compensated by the Allottee to the Owner/Vendor by paying the agreed compensation equivalent to the income tax payable on such nomination. Such amount shall be payable by the Allottee on or before nomination. The Allottee admits and accepts that he shall not be entitled to nominate or assign his rights under this Agreement save in the manner indicated above.
Nomination Fees. In case the Buyer shall require a Conveyance to be made and executed in favour of the nominee (subject to written prior approval by the Owner/Developer who will be entitled to refuse to such transfer/nominations without stating any reason thereof), then the Buyer shall be bound to pay to the Owner/Developer, the higher of the amount i.e. 10% of the selling price, at that point and applicable GST in each case of further nomination if made before the deed of Conveyance is executed and registered, then similar fee shall be required to be payable in case of each such nomination. However, under no circumstances, the Buyer shall transfer his’s/her’s/its’s rights within a period of two years from the date of agreement. This Clause will not be applicable in internal family/company transfer i.e. nomination charges will not be payable in this circumstances.
Nomination Fees. The Allottees shall pay a sum calculated as a percentage of the Total Price plus applicable taxes, as and by way of nomination fees to the Developer. It is clarified that inclusion of a new joint Allottees or change of a joint Allottees shall be treated as a nomination. However nomination fees shall not be payable in case of nomination in favour of parents, spouse or children of the Allottees. Any additional income tax liability that may become payable by the Developer due to nomination by the Allottees because of higher market valuation as per the registration authorities on the date of nomination and/or the extra registration fees to be paid to the registration authorities due to nomination, shall be compensated by the Allottees paying to the Developer agreed compensation equivalent to the income tax payable on such difference at the highest applicable tax rate at the prevailing time or the estimated extra registration fees. Such amount shall be payable by the Allottees on or before nomination. The Allottees admits and accepts that he shall not be entitled to nominate or assign his rights under this Agreement save in the manner indicated above. THE FIRST SCHEDULE ABOVE REFERRED TO (SCHEDULE PROPERTY) ALL THAT piece and parcel of land classified as Housing Complex measuring 88.5 (eighty eight point five) decimal, more or less, consisting of (a) land measuring 28.5 (twenty eight point five) decimal, more or less, comprised in R.S./L.R. Dag No. 1617, recorded in R.S. Khatian No. 227(kri), corresponding to L.R. Khatian Nos. 1336, 1937 and 1972 and (b) land measuring 60 (sixty) decimal, more or less, comprised in C.S. Dag No. 1585, corresponding to R.S./L.R. Dag No. 1618, recorded in R.S. Khatian No. 304(kri), Mouza Mohammadpur, X.X. No. 32, Post Office and Police Station: Rajarhat, PIN-700135, within the limits of Rajarhat- Bishnupur No.2 Gram Panchayat, Sub-Registration District Rajarhat (previously Xxxxxxxxxxx Xxxx Xxxx Xxxx), Xxxxxxxx Xxxxx 24 Parganas and butted and bounded as follows. On the North: By 30 (thirty) feet wide PWD Road On the South: By part of other Dags in Mouza Patharghata On the East: By part of other Dags in Mouza Kalikapur On the West: By part of Dag No.1615 THE SECOND SCHEDULE ABOVE REFERRED TO (DEVOLUTION OF TITLE)
Time is Money Join Law Insider Premium to draft better contracts faster.