Common use of ADDITIONAL PAYMENTS AND DEPOSITS Clause in Contracts

ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 Beside the agreed consideration, the Purchaser/s herein shall also pay to the Developer-Vendor herein the additional payments as mentioned, explained, enumerated, provided and given at and under PART–I of the SIXTH SCHEDULE and also shall pay and deposits all as mentioned in Part – II of the Sixth Schedule hereunder written. 5.2 In case the area of the flat is found to be increased after completion of constructions and if such addition in area is certified by the architect of the project, the Purchaser/s herein shall make the payment/s of consideration/s of such additional area at the rate at which the consideration/s is agreed hereto. 5.3 The amounts of the additional payments and deposits shall be paid by the Purchaser/s herein within 15 days of the respective demand for the same on or before the date of possession whichever is earlier. In the event of the Developer-Vendor herein being unable to quantify an amount at the initial stage, the Purchaser/s herein shall make payment on the basis of the estimates made by the Developer-Vendor herein. In case of subsequent revision of estimates and/or upon quantification of the concerned amount(s) demanded by the Developer-Vendor herein, the Purchaser/s herein shall pay the balance/ further amount(s) within 15 days of such demand. 5.4 The Additional Payment and the deposits are an integral part of the transaction and non-payment/delayed payments thereof shall also result in default on in the part of the Purchaser/s and the Owners-Vendors and the Developer-Vendor herein shall become entitled to exercise the rights on the Purchaser/s causing such default.

Appears in 3 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

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ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 Beside the agreed consideration, the Purchaser/s herein shall also pay to the Developer-Developer- Vendor herein the additional payments as mentioned, explained, enumerated, provided and given at and under PART–I of the SIXTH SCHEDULE and also shall pay and deposits all as mentioned in Part – II of the Sixth Schedule hereunder written. 5.2 In case the area of the flat is found to be increased after completion of constructions and if such addition in area is certified by the architect of the project, the Purchaser/s herein shall make the payment/s of consideration/s of such additional area at the rate at which the consideration/s is agreed hereto. 5.3 The amounts of the additional payments and deposits shall be paid by the Purchaser/s herein within 15 days of the respective demand for the same on or before the date of possession whichever is earlier. In the event of the Developer-Vendor herein being unable to quantify an amount at the initial stage, the Purchaser/s herein shall make payment on the basis of the estimates made by the Developer-Vendor herein. In case of subsequent revision of estimates and/or upon quantification of the concerned amount(s) demanded by the Developer-Vendor herein, the Purchaser/s herein shall pay the balance/ further amount(s) within 15 days of such demand. 5.4 The Additional Payment and the deposits are an integral part of the transaction and non-non- payment/delayed payments thereof shall also result in default on in the part of the Purchaser/s and the Owners-Vendors and the Developer-Vendor herein shall become entitled to exercise the rights on the Purchaser/s causing such default.

Appears in 3 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 Beside the agreed consideration, the Purchaser/s herein shall also pay to the Developer-Vendor Developer herein the additional payments as mentioned, explained, enumerated, provided and given at and under PART–I of the SIXTH SCHEDULE and also shall pay and deposits all as mentioned in Part – II of the Sixth Schedule hereunder written. 5.2 In case the area of the flat is found to be increased after completion of constructions and if such addition in area is certified by the architect of the project, the Purchaser/s herein shall make the payment/s of consideration/s of such additional area at the rate at which the consideration/s is agreed hereto. 5.3 The amounts of the additional payments and deposits shall be paid by the Purchaser/s herein within 15 days of the respective demand for the same on or before the date of possession whichever is earlier. In the event of the Developer-Vendor Developer herein being unable to quantify an amount at the initial stage, the Purchaser/s herein shall make payment on the basis of the estimates made by the Developer-Vendor Developer herein. In case of subsequent revision of estimates and/or upon quantification of the concerned amount(s) demanded by the Developer-Vendor Developer herein, the Purchaser/s herein shall pay the balance/ further amount(s) within 15 days of such demand. 5.4 The Additional Payment and the deposits are an integral part of the transaction and non-payment/delayed payments thereof shall also result in default on in the part of the Purchaser/s and the Owners-Vendors and the Developer-Vendor Developer herein shall become entitled to exercise the rights on the Purchaser/s causing such default.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 Beside the agreed consideration, the Purchaser/s herein shall also pay to the Developer-Developer- Vendor herein the additional payments as mentioned, explained, enumerated, provided and given at and under PART–I of the SIXTH SCHEDULE and also shall pay and deposits all as mentioned in Part – II of the Sixth Schedule hereunder written. 5.2 In case the area of the flat is found to be increased after completion of constructions and if such addition in area is certified by the architect of the project, the Purchaser/s herein shall make the payment/s of consideration/s of such additional area at the rate at which the consideration/s is agreed hereto. 5.3 The amounts of the additional payments and deposits shall be paid by the Purchaser/s herein within 15 days of the respective demand for the same on or before the date of possession whichever is earlier. In the event of the Developer-Developer- Vendor herein being unable to quantify an amount at the initial stage, the Purchaser/s herein shall make payment on the basis of the estimates made by the Developer-Vendor herein. In case of subsequent revision of estimates and/or upon quantification of the concerned amount(s) demanded by the Developer-Vendor herein, the Purchaser/s herein shall pay the balance/ further amount(s) within 15 days of such demand. 5.4 The Additional Payment and the deposits are an integral part of the transaction and non-non- payment/delayed payments thereof shall also result in default on in the part of the Purchaser/s and the Owners-Vendors and the Developer-Vendor herein shall become entitled to exercise the rights on the Purchaser/s causing such default.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 Beside the agreed consideration, the Purchaser/s herein shall also pay to the Developer-Vendor herein the additional payments as mentioned, explained, enumerated, provided and given at and under PART–I of the SIXTH SCHEDULE and also shall pay and deposits all as mentioned in Part – II of the Sixth Schedule hereunder written. 5.2 In case the area of the flat is found to be increased after completion of constructions and if such addition in area is certified by the architect of the project, the Purchaser/s herein shall make the payment/s of consideration/s of such additional area at the rate at which the consideration/s is agreed hereto. 5.3 The amounts of the additional payments and deposits shall be paid by the Purchaser/s herein within 15 days of the respective demand for the same on or before the date of possession whichever is earlier. In the event of the Developer-Vendor herein being unable to quantify an amount at the initial stage, the Purchaser/s herein shall make payment on the basis of the estimates made by the Developer-Vendor herein. In case of subsequent revision of estimates and/or upon quantification of the concerned amount(s) demanded by the Developer-Developer- Vendor herein, the Purchaser/s herein shall pay the balance/ further amount(s) within 15 days of such demand. 5.4 The Additional Payment and the deposits are an integral part of the transaction and non-payment/delayed payments thereof shall also result in default on in the part of the Purchaser/s and the Owners-Vendors and the Developer-Vendor herein shall become entitled to exercise the rights on the Purchaser/s causing such default.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 Beside the agreed consideration, the Purchaser/s herein shall also pay to the Developer-Vendor Developer herein the additional payments as mentioned, explained, enumerated, provided and given at and under PARTI of the SIXTH SCHEDULE and also shall pay and deposits all as mentioned in Part – II of the Sixth Schedule hereunder written. 5.2 In case the area of the flat is found to be increased after completion of constructions and if such addition in area is certified by the architect of the project, the Purchaser/s herein shall make the payment/s of consideration/s of such additional area at the rate at which the consideration/s is agreed hereto. 5.3 The amounts of the additional payments and deposits shall be paid by the Purchaser/s herein within 15 7 days of the respective demand for the same on or before the date of possession whichever is earlier. In the event of the DeveloperOwner-Vendor and the Developer herein being unable to quantify an amount at the initial stage, the Purchaser/s herein shall make payment on the basis of the estimates made by the DeveloperOwner-Vendor and the Developer herein. In case of subsequent revision of estimates and/or upon quantification of the concerned amount(s) demanded by the Developer-Owner- Vendor and the Developer herein, the Purchaser/s herein shall pay the balance/ further amount(s) within 15 days of such demand. 5.4 The Additional Payment and the deposits are an integral part of the transaction and non-payment/delayed payments thereof shall also result in default on in the part of the Purchaser/s and the OwnersOwner-Vendors Vendor and the Developer-Vendor Developer herein shall become entitled to exercise the rights on the Purchaser/s causing such default. 5.5 The Purchaser/s herein shall be entitled to nominate the rights under these presents only with the consent of the Developer herein, which may be given upon payment of transfer/assignment fees at the rate of Rs 75,000/- of each unit.

Appears in 1 contract

Samples: Sale Agreement

ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 Beside the agreed consideration, the Purchaser/s herein shall also pay to the Developer-Vendor Owners- Vendors / Developer herein the additional payments as mentioned, explained, enumerated, provided and given at and under PART–I of the SIXTH SCHEDULE and also shall pay and deposits all as mentioned in Part – II of the Sixth Schedule hereunder written. 5.2 In case the area of the flat is found to be increased after completion of constructions and if such addition in area is certified by the architect of the project, the Purchaser/s herein shall make the payment/s of consideration/s of such additional area at the rate at which the consideration/s is agreed hereto. 5.3 The amounts of the additional payments and deposits shall be paid by the Purchaser/s herein within 15 7 days of the respective demand for the same on or before the date of possession whichever is earlier. In the event of the DeveloperOwners-Vendor Vendors and the Developer herein being unable to quantify an amount at the initial stage, the Purchaser/s herein shall make payment on the basis of the estimates made by the DeveloperOwners-Vendor Vendors and the Developer herein. In case of subsequent revision of estimates and/or upon quantification of the concerned amount(s) demanded by the DeveloperOwners-Vendor Vendors and the Developer herein, the Purchaser/s herein shall pay the balance/ further amount(s) within 15 days of such demand. 5.4 The Additional Payment and the deposits are an integral part of the transaction and non-non- payment/delayed payments thereof shall also result in default on in the part of the Purchaser/s and the Owners-Vendors and the Developer-Vendor Developer herein shall become entitled to exercise the rights on the Purchaser/s causing such default. 5.5 The Purchaser/s herein shall be entitled to nominate the rights under these presents only with the consent of the Developer herein, which may be given upon payment of transfer fees at the rate of Rs.75,000/- of each unit. 6 POSSESSION: 6.1 Upon the said Unit/s/Flat/s/Car Parking Space/s /Commercial Space/s and Other/s, if any, shall be deemed to be ready for delivery of possession upon the same being completed internally in a reasonable habitable condition with reasonable ingress to and egress from the said Unit/s/Flat/s/Car Parking Space/s and Other/s being provided along with temporary or permanent water, drainage, sewerage, electricity and lift facilities/ connections, the Developer shall thereafter issue a notice to the Purchaser/s herein called upon the Purchaser/s herein to take possession of the said Unit/s/Flat/s/Car Parking Space/s and other/s upon making payment of all dues and complying with all other outstanding obligations of the Purchaser/s herein at the relevant time even if any or some work in respect of the common areas, common amenities and common facilities are not till then completed in all respect. However the Developer shall cause to complete all the common portions and common facilities and as per programme of constructional specification respectively mentioned in the Third and Fourth Schedule hereunder. 6.2 The Purchaser/s herein shall be entitled to receive possession of the said Unit/s 6.3 In the event of the Purchaser/s herein not making full payment and/or not complying with any of his/her/their obligations and/or not taking possession of the said Unit/Flat within a period of 15 days from the date of issue of the notice under clause 6.1 hereinabove, the Purchaser/s herein shall be deemed to have committed default entitling the Owners- Vendors / Developer herein to exercise its rights on the Purchaser’s/s’ default. 6.4 With effect from the date of possession the Purchaser/s herein shall be deemed to have fully satisfied himself /herself/themselves regarding the title of the property and the respective rights, title of the Owners-Vendors and the Developer and also regarding constructional-specifications, built up and super built-up area, workmanship, materials use and structural stability and completion of the Buildings, the common portions and the said Unit/s/Flat/s/Car Parking Space/s and Other/s modification and accordingly shall not thereafter be entitled to raise any objection or make any claim regarding the same.

Appears in 1 contract

Samples: Sale Agreement

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ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 Beside the agreed consideration, the Purchaser/s herein shall also pay to the Developer-Developer- Vendor herein the additional payments as mentioned, explained, enumerated, provided and given at and under PART–I of the SIXTH SCHEDULE and also shall pay and deposits all as mentioned in Part – II of the Sixth Schedule hereunder written. 5.2 In case the area of the flat is found to be increased after completion of constructions and if such addition in area is certified by the architect of the project, the Purchaser/s herein shall make the payment/s of consideration/s of such additional area at the rate at which the consideration/s is agreed hereto. 5.3 The amounts of the additional payments and deposits shall be paid by the Purchaser/s herein within 15 days of the respective demand for the same on or before the date of possession whichever is earlier. In the event of the Developer-Vendor herein being unable to quantify an amount at the initial stage, the Purchaser/s herein shall make payment on the basis of the estimates made by the Developer-Vendor herein. In case of subsequent revision of estimates and/or upon quantification of the concerned amount(s) demanded by the Developer-Vendor herein, the Purchaser/s herein shall pay the balance/ further amount(s) within 15 days of such demand.Vendor 5.4 The Additional Payment and the deposits are an integral part of the transaction and non-non- payment/delayed payments thereof shall also result in default on in the part of the Purchaser/s and the Owners-Vendors and the Developer-Vendor herein shall become entitled to exercise the rights on the Purchaser/s causing such default.

Appears in 1 contract

Samples: Sale Agreement

ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 Beside the agreed consideration, the Purchaserpurchaser/s herein shall also pay to the Developer-Vendor Owner- vendor/Developer herein the additional payments payment as mentioned, mentioned explained, enumerated. Enumerated, provided and given at and under PART–PART- I of the SIXTH SCHEDULE and also shall pay and deposits all as mentioned in Part – PART-II of the Sixth Schedule SIXTH SCHEDULE hereunder written. 5.2 In case the area of the flat is found to be increased after completion of constructions construction and if such addition in area is certified by the architect architect/s of the project, the Purchaserpurchaser/s herein shall make the payment/s of consideration/s of such additional area at the rate at which the considerationconsiderations/s is agreed hereto. 5.3 The amounts of the additional payments and deposits shall be paid by the Purchaser/s herein within 15 7 days of the respective demand for the same on or before the date of possession whichever is earlier. In the event of the DeveloperOwner-Vendor and the Developer herein being unable to quantify an amount at the initial stage, the Purchaserpurchaser/s herein shall make payment on the basis of the estimates made by the DeveloperOwner-Vendor and the Developer herein. In case of subsequent revision of estimates and/or and / or upon quantification of the concerned amount(s) demanded by the Developer-Owner - Vendor and the Developer herein, the Purchaser/s herein shall pay the balance/ further balance /further amount(s) within 15 days of such demand. 5.4 The Additional Payment additional Payments and the deposits are an integral part of the transaction and non-non- payment/delayed payments thereof shall also result in default on in the part of the Purchaser/s and the Owners-Vendors Owner - Vendor and the Developer-Vendor The Developer herein shall become entitled to exercise the rights right on the Purchaser/s causing such default. 5.5 The Purchaser/s herein shall be entitled to nominate the rights under these presents only with the consent of the Developer herein, which may be given upon payment of transfer/assignment fees at the rate of Rs. 100000/- of each Unit. 5.6 In addition to the consideration the purchaser shall be liable for payment of all Government taxes & Duties as applicable from time to time presently GST is 12%, on extra installations and works purchaser shall pay 18% of GST which shall be charged separately

Appears in 1 contract

Samples: Sale Agreement

ADDITIONAL PAYMENTS AND DEPOSITS. 5.1 Beside the agreed consideration, the Purchaser/s herein shall also pay to the Developer-Vendor Developer herein the additional payments as mentioned, explained, enumerated, provided and given at and under PARTI of the SIXTH SCHEDULE and also shall pay and deposits all as mentioned in Part – II of the Sixth Schedule hereunder written. 5.2 In case the area of the flat is found to be increased after completion of constructions and if such addition in area is certified by the architect of the project, the Purchaser/s herein shall make the payment/s of consideration/s of such additional area at the rate at which the consideration/s is agreed hereto. 5.3 The amounts of the additional payments and deposits shall be paid by the Purchaser/s herein within 15 7 days of the respective demand for the same on or before the date of possession whichever is earlier. In the event of the DeveloperOwners-Vendor Vendors and the Developer herein being unable to quantify an amount at the initial stage, the Purchaser/s herein shall make payment on the basis of the estimates made by the DeveloperOwners-Vendor Vendors and the Developer herein. In case of subsequent revision of estimates and/or upon quantification of the concerned amount(s) demanded by the DeveloperOwners-Vendor Vendors and the Developer herein, the Purchaser/s herein shall pay the balance/ further amount(s) within 15 days of such demand. 5.4 The Additional Payment and the deposits are an integral part of the transaction and non-payment/delayed payments thereof shall also result in default on in the part of the Purchaser/s and the Owners-Vendors and the Developer-Vendor Developer herein shall become entitled to exercise the rights on the Purchaser/s causing such default. 5.5 The Purchaser/s herein shall be entitled to nominate the rights under these presents only with the consent of the Developer herein, which may be given upon payment of transfer/assignment fees at the rate of Rs 75,000/- of each unit.

Appears in 1 contract

Samples: Sale Agreement

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