Cancellation by Allotee Sample Clauses

Cancellation by Allotee. The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days of such cancellation.
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Cancellation by Allotee. The Allotee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the Allotee(s) proposes to cancel/withdraw from the Project without any fault of the Owner, the Owner herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Allotee(s) (other than taxes paid by the Allotee and/or stamp duty and registration charges incurred by the Allotee) shall be returned by the Owner to the Allotee(s) without interest, and without any loss to the Owner and only out of the amounts received by the Owner against Sale of the Said Unit to any other interested persons and upon the Allotee at his own costs and expenses, execute all necessary cancellation related documents required by the Owner. Upon the intimation of termination of this agreement the Allotee shall have no claim of any nature whatsoever on the Owner and or the Said Unit and the Owner shall be entitled to deal with and/or dispose of the Said Unit in the manner it deems fit and proper.
Sample 1
Cancellation by Allotee the Allotee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the Allotee(s) proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein is entitled to forfeit the booking amount (i.e. 5% of the total price, with applicable taxes) paid for the allotment. The balance amount of money paid by the Allotee(s) (other than taxes paid by the Allotee and/or stamp duty and registration charges incurred by the Allotee) shall be returned by the Promoter to the Allotee(s) without interest, and without any loss to the Promoter and only out of the amounts received by the Promoter against Sale of the Designated Apartment to any other interested persons and upon the Allotee at his own costs and expenses, execute all necessary cancellation related documents required by the Promoter. Upon the intimation of termination of this agreement the Allotee shall have no claim of any nature whatsoever on the Promoter and or the Designated Apartment and the Promoter shall be entitled to deal with and/or dispose of the Designated Apartment in the manner it deems fit and proper.
Sample 1
Cancellation by Allotee. (a) Allottee/s can cancel/withdraw his Allotment, without any fault of the Promoter ,at any time before execution and registration of Sale Deed of the Apartment (“Cancellation Period”) by sending a letter in writing to the Promoter requesting such cancellation and in that event the Promoter shall cancel the Allotment by issuing a letter (“Cancellation Letter”) and refund, without interest, the amount received till then from the Allottee/s after deducting an amount of Rs. ----------/ ( Only) per Square Feet of Built Up Area of the Apartment as charges towards cancellation (“Cancellation Charge”) along-with applicable interest on delayed payments, taxes, duties and other charges required to be deducted/recovered from the Allottee/s upon cancellation in terms of this Agreement .
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Related to Cancellation by Allotee

  • Cancellation by Allottee The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days of such cancellation.

  • Cancellation by Us 6.1. In the unlikely event (and where you are not in breach of these terms and conditions) that it is necessary for us to cancel your Booking, we will notify you as soon as possible and we shall endeavour to offer you alternative dates for no extra cost. In the event that no alternative dates are available or you do not accept the alternative dates offered, then we will refund to you any and all Scheduled Payments that you have paid.

  • Cancellation by Exhibitor If the Exhibitor notifies MSCA in writing by October 15, 2022, that it will not occupy the exhibit space stated herein, the Exhibitor will be liable for 50 percent of the exhibit fee. Exhibitors will be responsible for 100 percent of the exhibit fee if such notice is received after that date.

  • NOMINATION BY ALLOTTEE WITH CONSENT The Allottee admits and accepts that after the Lock in period and before the execution and registration of conveyance deed of the said Apartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the following conditions:

  • Cancellation Rights If you have authorized the Credit Union to originate regular electronic fund transfers from (or to) your account at the Credit Union, you may cancel your request for the Credit Union to make the transfer at least to three (3) business days before the scheduled date of the transfer. This request may be made orally or in writing. If you order us to cancel one of these payments three (3) business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages only if accurate information was provided to us.

  • Cancellation Clause Your insurance contract may include a cancellation clause giving you the right to cancel your policy. If you decide to cancel your policy in accordance with any timeframes stipulated in your policy, and subject to not having made or intimated a claim, you may be entitled to a refund of premium paid. Please note our commission and, where appropriate fees, are fully earned from the date the policy commences and will not be refundable. If you fail to pay your premium to us by the due date, we reserve the right to instruct insurers to cancel your policy.

  • Termination by Us We may terminate this Contract with 30 days’ written notice as follows:

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