Common use of BINDINGEFFECT Clause in Contracts

BINDINGEFFECT. Forwarding this Agreement to the Allottee by the Promoter/Developer does not create a binding obligation on the part of the Promoter/Developer or the Allottee until, firstly, the Allottee signs and delivers this Agreement with all the schedules along with the payments due as stipulated in the Payment Plan within 30 (thirty) days from the date of receipt by the Allottee and secondly, appears for registration of the same before the Additional District Sub-Registrar Sonarpur or D.S.R. – IV at Alipore, South-24 Parganas, as and when intimated by the Promoter/Developer, then the Promoter/Developer shall serve a notice to the Allottee for rectifying the default, which if not rectified within 30 (thirty) days from the date of its receipt by the Allottee, application of the Allottee shall be treated as cancelled and all sums deposited by the Allottee in connection therewith excluding the Booking Amount amounting to Rs. ……………………../- (Rupees ……………………………) only and GST (as applicable) accrued thereupon shall be returned to the Allottee without any interest or compensation whatsoever.

BINDINGEFFECT. Forwarding this Agreement to the Allottee by the Promoter/Developer does not create a binding obligation on the part of the Promoter/Developer or the Allottee until, firstly, the Allottee signs and delivers this Agreement with all the schedules along with the payments due as stipulated in the Payment Plan within 30 (thirty) days from the date of receipt by the Allottee and secondly, appears for registration of the same before the Additional District Sub-Registrar Sonarpur or D.S.R. – IV at Alipore, South-24 Parganas, as and when intimated by the Promoter/Developer, then the Promoter/Developer shall serve a notice to the Allottee for rectifying the default, which if not rectified within 30 (thirty) days from the date of its receipt by the Allottee, application of the Allottee shall be treated as cancelled and all sums deposited by the Allottee in connection therewith excluding the Booking Amount amounting to Rs. ……………………../- (Rupees ……………………………only) only and GST (as applicable) accrued thereupon shall be returned to the Allottee without any interest or compensation whatsoever.

BINDINGEFFECT. Forwarding this Agreement to the Allottee Allottees by the Promoter/Developer does not create a binding obligation on the part of the Promoter/Developer or the Allottee Allottees until, firstly, the Allottee signs and delivers this Agreement with all the schedules along with the payments due as stipulated in the Payment Plan within 30 (thirty) days from the date of receipt by the Allottee and secondly, appears for registration of the same before the Additional District Sub-Registrar Sonarpur or D.S.R. – IV at AliporeSonarpur, South-24 Parganas, as and when intimated by the Promoter/Developer, then the Promoter/Developer shall serve a notice to the Allottee Allottees for rectifying the default, which if not rectified within 30 (thirty) days from the date of its receipt by the AllotteeAllottees, application of the Allottee Allottees shall be treated as cancelled and all sums deposited by the Allottee Allottees in connection therewith excluding the Booking Amount amounting to Rs. ……………………../- (Rupees ………………………………. only) only and GST (as applicable) accrued thereupon shall be returned to the Allottee Allottees without any interest or compensation whatsoever.

BINDINGEFFECT. Forwarding this Agreement to the Allottee by the Promoter/Developer does not create a binding obligation on the part of the Promoter/Developer or the Allottee until, firstly, the Allottee signs sign and delivers this Agreement with all the schedules along with the payments due as stipulated in the Payment Plan within 30 (thirty) days from the date of receipt by the Allottee and secondly, appears for registration of the same before the Additional District Sub-Registrar Sonarpur or Sonarpur/ D.S.R. – IV at AliporeAlipore South-24 Parganas, South-24 Parganas, as and when intimated by the Promoter/Developer, then the Promoter/Developer shall serve a notice to the Allottee for rectifying the default, which if not rectified within 30 (thirty) days from the date of its receipt by the Allottee, application of the Allottee shall be treated as cancelled and all sums deposited by the Allottee in Allotteein connection therewith excluding the 10% of Booking Amount amounting to Rs. Rs /- (Rupees ……………………../- (Rupees …………………………………………………) only and GST (as applicable) accrued thereupon shall be returned to the Allottee without any interest or compensation whatsoever.