Common use of BINDINGEFFECT Clause in Contracts

BINDINGEFFECT. Forwarding this Agreement to the Allottee by the Transferors does not create a binding obligation on the part of the Transferors 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 concerned registration authority as and when intimated by the Transferors. If the Allottee fails to execute and deliver to the Transferors this Agreement within 30 (thirty) days from the date of its receipt by the Allottee and/or to pay the applicable stamp duty and registration fees and to appear before the concerned registration authority for its registration as and when intimated by the Transferors, thentheTransferors 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, shall be treated as cancellation of this Agreement by the Allottee without any default of the Transferors and in such case the provision of Clause 7.5 regarding termination, forfeiture and refund shall be applicable. It is made clear that in such case the Allottee shall not be entitled to any interest or compensation whatsoever.

BINDINGEFFECT. Forwarding of this Agreement to the Allottee Allottees by the Transferors Developers does not create a binding obligation on the part of the Transferors Developers or the Allottee Allottees until, firstly, the Allottee Allottees signs and delivers this Agreement with all the Schedules schedules along with the payments due as stipulated in the Payment Plan within 30 (thirty) days from the date of receipt of the same by the Allottee Allottees and secondly, appears for registration of the same before the concerned registration authority Sub-Registrar as and when intimated by the TransferorsDevelopers. If the Allottee Allottees fails to execute and deliver to the Transferors Developers this Agreement within 30 (thirty) days from the date of its receipt by the Allottee Allottees and/or to pay the applicable stamp duty and registration fees and to appear before the concerned registration authority Registrar for its registration as and when intimated by the TransferorsDevelopers, thentheTransferors then the Developers shall serve a notice to the Allottee Allottees for rectifying the default, which if not rectified within 30 (thirty30(thirty) days from the date of its receipt by the AllotteeAllottees, the application of the Allottees shall be treated as cancellation of this Agreement cancelled and all sums deposited by the Allottee without any default of Allottees in connection therewith including the Transferors and in such case the provision of Clause 7.5 regarding termination, forfeiture and refund booking amount shall be applicable. It is made clear that in such case returned to the Allottee shall not be entitled to Allottees without any interest or compensation whatsoevercompensationwhatsoever.

BINDINGEFFECT. Forwarding this Agreement to the Allottee by the Transferors does not create a binding thisAgreementtothe Allotteebythe Developerdoesnotcreateabinding obligation on the part of the Transferors Developer or the Allottee until, firstly, the Allottee signs and delivers this Agreement with all the Schedules schedules along with the payments due as stipulated in the Payment Plan payment plan within 30 (thirty) days from the date of receipt by the Allottee and secondlyandsecondly, appears for registration of the same before the concerned registration authority Sub-Registrar, Registering Authority as and when intimated by the TransferorsOwner/Developer. If the Allottee Allottee(s) fails to execute and deliver to the Transferors Developer this Agreement within 30 (thirty) days from the date of its receipt by the Allottee and/or to pay the applicable stamp duty and registration fees and to do not appear before concerned the concerned registration authority Sub-Registrar/Registrar for its registration as and when intimated by the TransferorsOwner/Developer, thentheTransferors then the Developer shall serve a notice to the Allottee for rectifying the default, which default and if not rectified within 30 (thirty) days from the date of its receipt by the Allottee, application of the Allottee shall be treated as cancellation of this Agreement cancelled and all sums deposited by the Allottee without any default of the Transferors and in such case the provision of Clause 7.5 regarding termination, forfeiture and refund connection therewith including thebooking amount shall be applicable. It is made clear that in such case returned to the Allottee shall not be entitled to without any interest or compensation whatsoever.

BINDINGEFFECT. Forwarding this Agreement to the Allottee Allottees by the Transferors Promoter does not create a binding obligation on the part of the Transferors Promoter or the Allottee Allottees until, firstly, the Allottee Allottees signs and delivers this Agreement with all the Schedules schedules along with the payments due as stipulated in the Payment Plan within 30 (thirty) days from the date of receipt by the Allottee Allottees and secondly, appears for registration of the same before the concerned registration authority District Sub Registrar, Patna in the State of Bihar as and when intimated by the TransferorsPromoter. If the Allottee Allottees fails to execute and deliver to the Transferors Promoter this Agreement within 30 (thirty) days from the date of its receipt by the Allottee Allottees and/or to pay the applicable stamp duty and registration fees and to appear before the concerned registration authority District Sub-Registrar for its registration as and when intimated by the TransferorsPromoter, thentheTransferors then the Promoter 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 Allottees shall be treated as cancellation of this Agreement cancelled and all sums deposited by the Allottee without any default of Allottees in connection therewith including the Transferors and in such case the provision of Clause 7.5 regarding termination, forfeiture and refund booking amount shall be applicable. It is made clear that in such case returned to the Allottee shall not be entitled to Allottees without any interest or compensation whatsoever.