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

• 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.

• The Promoter agrees and undertakes to indemnify the Allottee in case of failure of fulfillment of any of the provisions, formalities, documentation on part of the Promoter.

• 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.

• The Allottee shall be responsible for any loss or damages arising out of breach of any of the aforesaid conditions.

• Whenever there is any change in the residential status of the Allottee subsequent to the signing of this Agreement, it shall be the sole responsibility of the Allottee to intimate the same in writing to the Promoter immediately and comply with necessary formalities if any under the applicable laws.

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. 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”)

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 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;