Common use of Allotment Clause in Contracts

Allotment. 1.1 The Purchaser agrees to purchase and the Vendors and the Builder have agreed to allot to the Purchaser for sale the said Unit free from all encumbrances on the terms and conditions recorded herein. 1.2 The Purchaser shall pay to the Builder, notwithstanding any demand from the Vendors and/or the Builder, the Agreed Consideration, Additional Payments and Mandatory Deposits/Advances/Extra Costs and the Builder will issue receipts acknowledging such payments on their behalf, in the manner specified in Part-I and Part-II of the FIFTH and the SIXTH SCHEDULES hereunder written, respectively, and upon completion of such payments, the said Unit shall be deemed to have been allotted to the Purchaser SUBJECT TO the Purchaser first complying with and/or performing the terms conditions covenants and obligations required to be complied with and/or performed on the part of the Purchaser hereunder. 1.3 The Purchaser(s) hereby also agree(s) and confirm(s) that he shall not nor be entitled to claim any deduction or abatement in the amount of the Agreed Consideration, Additional Payments, Deposits or any other amounts agreed and payable by the Purchaser to Builder, on any ground or reason whatsoever.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

AutoNDA by SimpleDocs

Allotment. 1.1 The Purchaser agrees to purchase and the Vendors and the Vendor/ Builder have has agreed to allot to the Purchaser for sale the said Unit free from all encumbrances on the terms and conditions recorded herein. 1.2 The Purchaser shall pay to the Vendor/Builder, notwithstanding any demand from the Vendors and/or the Vendor/ Builder, the Agreed Consideration, Additional Payments and Mandatory Deposits/Advances/Extra Costs and the Vendor/Builder will issue receipts acknowledging such payments on their behalf, in the manner specified in Part-I and Part-Part- II of the FIFTH and the SIXTH SCHEDULES hereunder written, respectively, and upon completion of such payments, the said Unit shall be deemed to have been allotted to the Purchaser SUBJECT TO the Purchaser first complying with and/or performing the terms conditions covenants and obligations required to be complied with and/or performed on the part of the Purchaser hereunder. 1.3 The Purchaser(s) hereby also agree(s) and confirm(s) that he shall not nor be entitled to claim any deduction or abatement in the amount of the Agreed Consideration, Additional Payments, Deposits or any other amounts agreed and payable by the Purchaser to Vendor/Builder, on any ground or reason whatsoever.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

Allotment. 1.1 The Purchaser agrees to purchase and the Vendors and the Builder have agreed to allot to the Purchaser for sale the said Unit free from all encumbrances on the terms and conditions recorded herein. 1.2 The Purchaser shall pay to the Builder, notwithstanding any demand from the Vendors and/or the Builder, the Agreed Consideration, Additional Payments Taxes and Mandatory Deposits/Advances/Extra Costs Deposits and the Builder will issue receipts acknowledging such payments on their behalf, in the manner specified in Part-I and Part-II of the FIFTH and the SIXTH SCHEDULES hereunder written, respectively, and upon completion of such payments, the said Unit shall be deemed to have been allotted to the Purchaser SUBJECT TO the Purchaser first complying with and/or performing the terms conditions covenants and obligations required to be complied with and/or performed on the part of the Purchaser hereunder. 1.3 The Purchaser(s) hereby also agree(s) and confirm(s) that he shall not nor be entitled to claim any deduction or abatement in the amount of the Agreed Consideration, Additional Payments, Taxes and Deposits or any other amounts agreed and payable by the Purchaser to Builder, on any ground or reason whatsoever.

Appears in 1 contract

Samples: Sale Agreement

AutoNDA by SimpleDocs

Allotment. 1.1 The Purchaser agrees to purchase and the Vendors and the Builder have Vendor has agreed to allot to the Purchaser for sale the said Unit free from all encumbrances on the terms and conditions recorded herein. 1.2 The Purchaser shall pay to the BuilderOwner, notwithstanding any demand from the Vendors and/or the BuilderOwner, the Agreed Consideration, Additional Payments and Mandatory Deposits/Advances/Extra Costs and the Builder Owner will issue receipts acknowledging such payments on their behalf, in the manner specified in Part-I and Part-II of the FIFTH and the SIXTH SCHEDULES hereunder written, respectively, and upon completion of such payments, the said Unit shall be deemed to have been allotted to the Purchaser SUBJECT TO the Purchaser first complying with and/or performing the terms conditions covenants and obligations required to be complied with and/or performed on the part of the Purchaser hereunder. 1.3 The Purchaser(s) hereby also agree(s) and confirm(s) that he he/she/they shall not nor be entitled to claim any deduction or abatement in the amount of the Agreed Consideration, Additional Payments, Deposits or any other amounts agreed and payable by the Purchaser to BuilderOwner, on any ground or reason whatsoever.

Appears in 1 contract

Samples: Sale Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!