ALLOTTEE Clause Samples
The 'Allottee' clause defines the individual or entity to whom a property, asset, or right is allocated or assigned under an agreement. In practical terms, this clause identifies the recipient of the allotment, such as a buyer in a real estate transaction or a shareholder receiving shares in a company. By clearly specifying who the allottee is, the clause ensures there is no ambiguity regarding the party entitled to receive the benefits or rights conferred by the contract, thereby preventing disputes and ensuring clarity in the allocation process.
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ALLOTTEE. (s) shall be bound by all the terms and conditions of Bye- Laws, maintenance agreement and any other agreement entered by the For ▇▇▇▇▇▇ Buildcon Maintenance Association and any decisions taken by the Maintenance Association as per it Bye – Laws.
ALLOTTEE. Mr/Ms………………………………………………., (Pan ), ▇▇▇▇▇▇ Number son/wife/daughter of …………………………………… by faith-Hindu, by occupation-………………, by Nationality-Indian,aged about residing at ………………………………………………hereinafter collectively referred to as “ALLOTTEE (which expression shall unless excluded by or repugnant to the context be deemed to mean and include their respective successors or successor-in-office/interest and/or assigns) of the THIRD PART. The Promoter and Allottee shall hereinafter collectively be referred to as the “Parties” and individually as a “Party”.
ALLOTTEE. (s) shall be bound by all the terms and conditions of the Agreement of Owners Association, Bye- Laws, maintenance agreement and any other agreement entered by the Owners Association and any decisions taken by the Owners Association as per it Byelaws.
ALLOTTEE. 2.1 (1) (having Aadhaar No. , PAN Number ) wife of , by Nationality Indian, aged about years residing at , District , Post Office and Police Station - , West Bengal, Pin Code - hereinafter called the "ALLOTTEE" (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include his or her heirs, executors, administrators, successors-in-interest and permitted assigns).
ALLOTTEE. The Allottee is entering into this agreement for the allotment of an Apartment with the knowledge of all laws, rules, regulations, notifications applicable to the project in general and this project in particular. That the Allottee hereby undertakes that he/ she shall comply with and carry out, from time to time after he/ she has taken over for occupation and use the said Apartment, all the requirements, requisitions, demands and repairs which are required by any competent authority in respect of the Apartment at his/ her own cost.
ALLOTTEE. The term ‘‘allottee’’ means any Indian owner of an allotment under a patent numbered 1039995, 1039996, 1039997, or 1019494.
ALLOTTEE. The term “Allottee” means a person who holds a beneficial real property interest in an allotment of Indian land that is:
ALLOTTEE. Signature Promoter:
ALLOTTEE. Signature Name 2. Signature Name
ALLOTTEE. The term “allottee” shall mean any Indian to whom land has been allotted, or any Indian owner of land or interest therein as an heir or devisee.