Allottee to Pay Interest for Delay and/or Default. The Allottee shall, without raising any objection in any manner whatsoever and without claiming any deduction or abatement whatsoever, pay all bills raised by the Promoter/the Facility Manager/the Association (upon formation), within 7 (seven) days of presentation thereof, failing which the Allotteeshall pay interest @ 2% (two percent) per month or part thereof (compoundable monthly), for the period of delay, computed from the date the payment became due till the date of payment, to the Promoter/the Facility Manager/the Association (upon formation), as the case may be. The Allotteealso admits and accepts that in the event such bills remain outstanding for more than 2 (two) months, all common servicesshall be discontinued to the Allottee and the Allottee shall be disallowed from using the Common Areas Of the Real Estate Project/Whole Project Included Amenities.
Allottee to Pay Interest for Delay and/or Default. The Allottee shall pay, without raising any objection in any manner whatsoever and without claiming any deduction or abatement whatsoever, all bills raised by the Association, within 7 (seven) days of presentation thereof, failing which the Allottee shall pay compound interest @ 2% (two percent) per month or part thereof (compoundable monthly) from the date of default till the date of payment, to the Association. The Allottee also admit and accept that in the event such bills remain outstanding for more than 2 (two) months, all common services to the Allottee shall be discontinued and the Allottee shall be disallowed from using the Common Portions.
Allottee to Pay Interest for Delay and/or Default. The Allottee shall, without raising any objection in any manner whatsoever and without claiming any deduction or abatement whatsoever, pay all bills raised by the Promoters/the Facility Manager/the Association (upon formation), within 7 (seven) days of presentation thereof, failing which the Allottee shall pay interest as per rules & regulations of WBRERA for the period of delay, computed from the date the payment became due till the date of payment, to the Promoters/the Facility Manager/the Association (upon formation), as the case may be. The Allottee also admits and accepts that in the event such bills remain outstanding for more than 2 (two) months, all common services shall be discontinued to the Allottee and the Allottee shall be disallowed from using the Common Areas Of the Said Project.
Allottee to Pay Interest for Delay and/or Default. The Allottee shall, without raising any objection in any manner whatsoever and without claiming any deduction or abatement whatsoever, pay all bills including the Consideration and all outgoings, raised by the Promoter/the Facility Manager/the Association (upon formation), within 15 (fifteen) days of presentation thereof, failing which the Allottee shall pay interest @ 18 % per annum, for the period of delay, computed from the date the payment became due till the date of payment, to the Promoter/the Facility Manager/the Association (upon formation), as the case may be. The Allottee also admits and accepts that in the event such bills remain outstanding for more than 2 (two) months, all common services shall be discontinued to the Allottee and the Allottee shall be disallowed from using the Common Portions. It is clarified that incase the Allottee does not make the payment of such bills along with the interest accrued thereon, for a continuous period of 2 (two) months, the Promoter may take recourse to terminate this Agreement in terms of Clause 12 below.
Allottee to Pay Interest for Delay and/or Default. The Allottee shall, without raising any objection in any manner whatsoever and without claiming any deduction or abatement whatsoever, pay all bills including the Consideration and all outgoings, raised by the Vendor/the Developer/the Facility Manager/the Association (upon formation), within 15 (fifteen) days of presentation thereof, failing which the Allottee shall pay interest @ the prevailing State Bank of India (SBI) Prime Lending Rate plus 2 (two) % per annum, for the period of delay, computed from the date the payment became due till the date of payment, to the Vendor/the Developer/the Facility Manager/the Association (upon formation), as the case may be. The Allottee also admits and accepts that in the event such bills remain outstanding for more than 2 (two) months, all common services shall be discontinued to the Allottee and the Allottee shall be disallowed from using the Common Portions. It is clarified that incase the Allottee does not make the payment of such bills along with the interest accrued thereon, for a continuous period of 2 (two) months, the Vendor may take recourse to terminate this Agreement in terms of Clause 12 below.
Allottee to Pay Interest for Delay and/or Default. The Allottee shall, without raising any objection in any manner whatsoever and without claiming any deduction or abatement whatsoever, pay all bills raised by the Promoter/Developer the Facility Manager/the Association (upon formation), within 7 days of presentation thereof, failing which the allottee shall pay interest @ 2% per month or part thereof (compoundable monthly), for the period of delay, computed from the date the payment became due till the date of payment, to the Promoter/the Facility Manager/the Association (upon formation), as the case may be. The Allottee also admits and accepts that in the event such bills remain for more than 2 months, all common services shall be discontinued to the allottee and the Allottee shall be disallowed from using the common areas of the real estate project/Whole Project included Amenities. Page43
