ADDITIONAL TERMS AND COVENANTS REGARDING THE DEED OF CONVEYANCE. i. After and subject to compliance by the Allottee(s) of each of his/her/their/its obligations to the satisfaction of the Promoter including but not limited to receipt by the Promoter of each of the several amounts due and payable by and/or to be deposited by the Allottee(s) (each as ascertained by the Promoter), and further subject to the Allottee(s) depositing with and/or making payment to the Promoter and/or to the concerned Governmental Authority of each of the amounts stipulated as mentioned in this Agreement including those stipulated hereinbelow and furthermore subject to the Allottee(s) not having committed any breach, violation, contravention etc. of any of the terms and conditions as stipulated herein and as determined by the Promoter, the Promoter and the Allottee(s) shall take steps to execute in favour of the Allottee(s), the deed of conveyance, whereby and whereunder the title in respect of the Said Unit shall be transferred and conveyed in favour of the Allottee(s), while the title in respect of the indivisible share in the Common Areas (Undivided Share) shall be transferred and conveyed in favour of the Association, such Deed of Conveyance/s being in such form and containing such particulars and/or covenants and/or stipulations as drafted by the Advocate of the Promoter (“Conveyance Deed”), on such date as may be determined by the Promoter provided that in the absence of any Applicable Law/s, the Promoter shall subject to the afore stated and further unless prevented by a Force Majeure Event, comply with its aforesaid obligation within 3 (three) months from the date of issuance of the Completion Certificate or within such time period as may be prescribed under the Act and/or Rules. If the formation of the Association does not take place prior to the agreed and/or prescribed date for execution or Deed of Conveyance in respect of the Said Unit in favour of the Allottee(s), then the transfer of the share in the Common Areas may be completed in favour of the Allottee(s) in trust and for the ultimate ownership of the Association and any related documentation and acts deeds and things shall be done by the Allottee(s) and all stamp duty and other taxes, charges or costs to implement such transactions shall be borne and paid by the Allottee(s). ii. In addition to the amounts stated elsewhere in this Agreement, the Allottee(s) shall further be liable and responsible to and hereby and hereunder covenant/s and undertake/s to bear and pay inter alia: (i) the entire stamp duty, registration fees and other fees, taxes and charges as may be levied from time to time by the Government and/or any other authority/ies and/or any Governmental Authority on the afore stated transfer of the Said Unit and/or the Undivided Share, including those applicable/prevailing at the time of registration of the Deed of Conveyance. It being further clarified that all costs, charges and expenses including stamp duty, registration fees and expenses in connection with the preparation, stamping and execution of any conveyance deed of the Common Areas shall be borne and paid by all owners and/or Allottees of the units in the Project on pro rata basis.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
ADDITIONAL TERMS AND COVENANTS REGARDING THE DEED OF CONVEYANCE. i. i) After and subject to compliance by the Allottee(s) Allottee of each of his/her/their/its obligations to the satisfaction of the Promoter CGEWHO including but not limited to receipt by the Promoter CGEWHO of each of the several amounts due and payable by and/or to be deposited by the Allottee(s) Allottee (each as ascertained by the PromoterCGEWHO), and further subject to the Allottee(s) Allottee depositing with and/or making payment to the Promoter CGEWHO and/or to the concerned Governmental Authority of each of the amounts stipulated as mentioned in this Agreement including those stipulated in para/Clause 36.8(ii) hereinbelow and furthermore subject to the Allottee(s) Allottee not having committed any breach, violation, contravention etc. of any of the terms and conditions as stipulated herein and as determined by the PromoterCGEWHO, the Promoter CGEWHO and the Allottee(s) Allottee shall take steps to execute in favour of the Allottee(s)Allottee, the deed of conveyance, whereby and whereunder the title in respect of the Said Unit Apartment shall be transferred and conveyed in favour of the Allottee(s)Allottee, while the title in respect of the indivisible share in the Common Areas (Undivided Share) Share shall be transferred and conveyed in favour of the Association, such Deed deed of Conveyance/s conveyance being in such form and containing such particulars and/or covenants and/or stipulations as drafted by the Advocate of the Promoter appointed by CGEWHO may deem fit and proper (“Conveyance Deed”), on such date as may be determined by the Promoter CGEWHO provided that in the absence of any Applicable Law/s, the Promoter CGEWHO shall subject to the afore stated aforestated and further unless prevented by a Force Majeure Event, comply with its aforesaid obligation within 3 (three) months from the date of issuance of the Completion Certificate or within such time period as may be prescribed under the Act and/or Rules. If the formation of the Association does not take place prior to the agreed and/or prescribed date for execution or Deed of Conveyance in respect of the Said Unit in favour of the Allottee(s), then the transfer of the share in the Common Areas may be completed in favour of the Allottee(s) in trust and for the ultimate ownership of the Association and any related documentation and acts deeds and things shall be done by the Allottee(s) and all stamp duty and other taxes, charges or costs to implement such transactions shall be borne and paid by the Allottee(s).
ii. ) In addition to the amounts stated elsewhere in this Agreement, the Allottee(s) Allottee shall further be liable and responsible to and hereby and hereunder covenant/s covenant(s) and undertake/s undertake(s) to bear and pay inter alia: :
(i) the entire stamp duty, registration fees and other fees, taxes and charges as may be levied from time to time by the Government government and/or any other authority/ies authority(ies) and/or any Governmental Authority on the afore stated aforestated transfer of the Said Unit and/or Apartment and the Undivided Share, including those applicable/prevailing at the time of registration of the Conveyance Deed of Conveyance. It being further clarified that all costs, ;and (ii) the legal fees as determined by the CGEWHO; and (iii) other related and/or incidental charges and expenses including stamp duty, registration fees and expenses in connection but not limited to documentation charges. Each of such amounts shall be paid/deposited by the Allottee to/with the preparationCGEWHO within the time period prescribed for the same by the CGEWHO in its notice of demand in respect thereof, stamping and execution of any conveyance deed until receipt of the Common Areas same, the CGEWHO shall be borne entitled to, and paid by all owners and/or Allottees the Allottee hereby and hereunder authorize(s) the CGEWHO to, without any liability or responsibility, withhold the execution and registration of the units Conveyance Deed in favour of the Project on pro rata basisAllottee.
Appears in 1 contract
Samples: Sale Agreement
ADDITIONAL TERMS AND COVENANTS REGARDING THE DEED OF CONVEYANCE. i. i) After and subject to compliance by the Allottee(s) of each of his/her/their/its obligations to the satisfaction of the Promoter including but not limited to receipt by the Promoter of each of the several amounts due and payable by and/or to be deposited by the Allottee(s) (each as ascertained by the Promoter), ) and further subject to the Allottee(s) depositing with and/or making payment to the Promoter and/or to the concerned Governmental Authority of each of the amounts stipulated as mentioned in this Agreement including those stipulated in para/Clause 35.7(iii) hereinbelow and furthermore subject to the Allottee(s) not having committed any breach, violation, contravention etc. of any of the terms and conditions as stipulated herein and as determined by the Promoter, the Promoter and the Allottee(s) shall take steps to execute in favour of the Allottee(s), the deed of conveyance, whereby and whereunder the title in respect of the Said Unit Apartment and right to use of car parking space, if any shall be transferred and conveyed in favour of the Allottee(s), while the title in respect of the indivisible share in the Common Areas (Undivided Share) shall be transferred and conveyed in favour of the Association, such Deed deed of Conveyance/s conveyance (s) being in such form and containing such particulars and/or covenants and/or stipulations as drafted by the Advocate of the Promoter (“Conveyance Deed”), on such date as may be determined by the Promoter provided that in the absence of any Applicable Law/s, the Promoter shall subject to the afore stated and further unless prevented by a Force Majeure Event, comply with its aforesaid obligation within 3 (three) months from the date of issuance of the Completion Certificate or within such time period as may be prescribed under the Act and/or Rules. If the formation of the Association does not take place prior to the agreed and/or prescribed date for execution or Deed of Conveyance in respect of the Said Unit in favour of the Allottee(s), then the transfer of the share in the Common Areas may be completed in favour of the Allottee(s) in trust and for the ultimate ownership of the Association and any related documentation and acts deeds and things shall be done by the Allottee(s) and all stamp duty and other taxes, charges or costs to implement such transactions shall be borne and paid by the Allottee(s).
ii. ) In addition to the amounts stated elsewhere in this Agreement, the Allottee(s) shall further be liable and responsible to and hereby and hereunder covenant/s covenant(s) and undertake/s undertake(s) to bear and pay inter alia: :
(i) the entire stamp duty, registration fees and other fees, taxes and charges as may be levied from time to time by the Government government and/or any other authority/ies authority(ies) and/or any Governmental Authority on the afore stated transfer of the Said Unit Apartment and right to use of car parking space, if any and/or the Undivided Share, including those applicable/prevailing at the time of registration of the Deed of ConveyanceConveyance Deed. It being further clarified that all costs, charges and expenses including stamp duty, registration fees charges and expenses in connection with the preparation, stamping and execution of any conveyance deed of the Common Areas shall be borne and paid by all owners and/or Allottees and allottee(s) of the units in the Project on pro rata basis.
Appears in 1 contract
Samples: Sale Agreement
ADDITIONAL TERMS AND COVENANTS REGARDING THE DEED OF CONVEYANCE. i. i) After and subject to compliance by the Allottee(s) Allottee of each of his/her/their/its obligations to the satisfaction of the Promoter CGEWHO including but not limited to receipt by the Promoter CGEWHO of each of the several amounts due and payable by and/or to be deposited by the Allottee(s) Allottee (each as ascertained by the PromoterCGEWHO), and further subject to the Allottee(s) Allottee depositing with and/or making payment to the Promoter CGEWHO and/or to the concerned Governmental Authority of each of the amounts stipulated as mentioned in this Agreement including those stipulated in para/Clause 36.8(ii) hereinbelow and furthermore subject to the Allottee(s) Allottee not having committed any breach, violation, contravention etc. of any of the terms and conditions as stipulated herein and as determined by the PromoterCGEWHO, the Promoter CGEWHO and the Allottee(s) Allottee shall take steps to execute in favour of the Allottee(s)Allottee, the deed of conveyance, whereby and whereunder the title in respect of the Said Unit Apartment shall be transferred and conveyed in favour of the Allottee(s)Allottee, while the title in respect of the indivisible share in the Common Areas (Undivided Share) Share shall be transferred and conveyed in favour of the Association, such Deed deed of Conveyance/s conveyance being in such form and containing such particulars and/or covenants and/or stipulations as drafted by the Advocate of the Promoter appointed by CGEWHO may deem fit and proper (“Conveyance Deed”), on such date as may be determined by the Promoter CGEWHO provided that in the absence of any Applicable Law/s, the Promoter CGEWHO shall subject to the afore stated aforestated and further unless prevented by a Force Majeure Event, comply with its aforesaid obligation within 3 (three) months from the date of issuance of the Completion Certificate or within such time period as may be prescribed under the Act and/or Rules. If the formation of the Association does not take place prior to the agreed and/or prescribed date for execution or Deed of Conveyance in respect of the Said Unit in favour of the Allottee(s), then the transfer of the share in the Common Areas may be completed in favour of the Allottee(s) in trust and for the ultimate ownership of the Association and any related documentation and acts deeds and things shall be done by the Allottee(s) and all stamp duty and other taxes, charges or costs to implement such transactions shall be borne and paid by the Allottee(s).
ii. ) In addition to the amounts stated elsewhere in this Agreement, the Allottee(s) Allottee shall further be liable and responsible to and hereby and hereunder covenant/s covenant(s) and undertake/s undertake(s) to bear and pay inter alia: (i) the entire stamp duty, registration fees and other fees, taxes and charges as may be levied from time to time by the Government government and/or any other authority/ies authority(ies) and/or any Governmental Authority on the afore stated aforestated transfer of the Said Unit and/or Apartment and the Undivided Share, including those applicable/prevailing at the time of registration of the Conveyance Deed of Conveyance. It being further clarified that all costs, ;and (ii) the legal fees as determined by the CGEWHO; and (iii) other related and/or incidental charges and expenses including stamp duty, registration fees and expenses in connection but not limited to documentation charges. Each of such amounts shall be paid/deposited by the Allottee to/with the preparationCGEWHO within the time period prescribed for the same by the CGEWHO in its notice of demand in respect thereof, stamping and execution of any conveyance deed until receipt of the Common Areas same, the CGEWHO shall be borne entitled to, and paid by all owners and/or Allottees the Allottee hereby and hereunder authorize(s) the CGEWHO to, without any liability or responsibility, withhold the execution and registration of the units Conveyance Deed in favour of the Project on pro rata basisAllottee.
Appears in 1 contract
Samples: Sale Agreement
ADDITIONAL TERMS AND COVENANTS REGARDING THE DEED OF CONVEYANCE. i. i) After and subject to compliance by the Allottee(s) of each of his/her/their/its obligations to the satisfaction of the Promoter including but not limited to receipt by the Promoter of each of the several amounts due and payable by and/or to be deposited by the Allottee(s) (each as ascertained by the Promoter), and further subject to the Allottee(s) depositing with and/or making payment to the Promoter and/or to the concerned Governmental Authority of each of the amounts stipulated as mentioned in this Agreement including those stipulated in para/Clause 35.7(iii) hereinbelow and furthermore subject to the Allottee(s) not having committed any breach, violation, contravention etc. of any of the terms and conditions as stipulated herein and as determined by the Promoter, the Promoter and the Allottee(s) shall take steps to execute in favour of the Allottee(s), the deed of conveyance, whereby and whereunder the title in respect of the Said Unit Apartment and right to use of car parking space, if any shall be transferred and conveyed in favour of the Allottee(s), while the title in respect of the indivisible share in the Common Areas (Undivided Share) shall be transferred and conveyed in favour of the Association, such Deed deed of Conveyance/s conveyance (s) being in such form and containing such particulars and/or covenants and/or stipulations as drafted by the Advocate of the Promoter (“Conveyance Deed”), on such date as may be determined by the Promoter provided that in the absence of any Applicable Law/s, the Promoter shall subject to the afore stated and further unless prevented by a Force Majeure Event, comply with its aforesaid obligation within 3 (three) months from the date of issuance of the Completion Certificate or within such time period as may be prescribed under the Act and/or Rules. If the formation of the Association does not take place prior to the agreed and/or prescribed date for execution or Conveyance Deed of Conveyance in respect of the Said Unit Apartment in favour of the Allottee(s), then the transfer of the share in the Common Areas may be completed in favour of the Allottee(s) in trust and for the ultimate ownership of the Association and any related documentation and acts deeds and things shall be done by the Allottee(s) and all stamp duty and other taxes, charges or costs to implement such transactions shall be borne and paid by the Allottee(s).
ii. i) In addition to the amounts stated elsewhere in this Agreement, the Allottee(s) shall further be liable and responsible to and hereby and hereunder covenant/s covenant(s) and undertake/s undertake(s) to bear and pay inter alia: (i) the entire stamp duty, registration fees and other fees, taxes and charges as may be levied from time to time by the Government government and/or any other authority/ies authority(ies) and/or any Governmental Authority on the afore stated transfer of the Said Unit Apartment and right to use of car parking space, if any and/or the Undivided Share, including those applicable/prevailing at the time of registration of the Deed of ConveyanceConveyance Deed. It being further clarified that all costs, charges and expenses including stamp duty, registration fees charges and expenses in connection with the preparation, stamping and execution of any conveyance deed of the Common Areas shall be borne and paid by all owners and/or Allottees and allottee(s) of the units in the Project on pro rata basis.
Appears in 1 contract
Samples: Sale Agreement