Common use of Payment Plans Clause in Contracts

Payment Plans. 6.1 The Price and the Extras & Deposits (collectively the "Total Payable Amount") shall be paid to the Developer strictly in accordance with the schedule of payment provided in the Application Kit (“Payment Schedule”). The Payment Schedule is based on tentative measurements of the Apartments. Prior to granting possession of Apartments, accurate measurements of the Apartments will be taken and final amount payable by the Allottee will be determined in accordance with the rates set out in the Application Form of that Allottee. The Possession Notice will specify a date when the Allottee will be required to be present in person or through authorised representative for such measurement. In the event that the Allottee is not present on such date, the measurements taken by the Developer shall be final and binding on the Allottee.