Common use of Cancellation by Allottee-(s) Clause in Contracts

Cancellation by Allottee-(s). The Allottee(s) shall have the right to cancel/ withdraw his/her/its allotment in the Project as provided in the Act:. Provided that where the Allottee(s) 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(s) shall be returned by the Promoter to the Allottee(s) within forty-five days of such cancellation.

Appears in 5 contracts

Samples: rera.rajasthan.gov.in, rera.rajasthan.gov.in, rera.rajasthan.gov.in

AutoNDA by SimpleDocs

Cancellation by Allottee-(s). The Allottee(s) Allottee/s shall have the right to cancel/ cancel/withdraw his/her/its his allotment in the Project as provided in the Act:. Provided that where the Allottee(s) Allottee/s proposes to cancel/withdraw from the Project without any fault of the PromoterDeveloper, the Promoter Developer herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Allottee(s) Allottee/s shall be returned by the Promoter Developer to the Allottee(sAllottee/s within 45 (forty five) within forty-five days of such cancellation.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Cancellation by Allottee-(s). The Allottee(s) Allottee/s shall have the right to cancel/ cancel/withdraw his/her/its their allotment in the Project as provided in the Act:. Provided that where the Allottee(s) Allottee/s proposes to cancel/withdraw from the Project without any fault of the PromoterPromoter , the Promoter herein is shall be entitled to forfeit an amount equal to the booking Booking amount paid for and shall refund the allotment. The balance amount of money paid by due and payable to the Allottee(s) shall be returned Allottees without interest within 45 days from the date of acceptance of the notice by the Promoter which was sent by Allottees requesting to cancel the Allottee(s) within forty-five days said booking against execution of such cancellationa registered cancellation agreement and any other documents as may be required.

Appears in 1 contract

Samples: Agreement for Sale

Cancellation by Allottee-(s). The Allottee(s) Allottee/s shall have the right to cancel/ cancel/withdraw his/her/its his allotment in the Project as provided in the Act:. asprovidedintheAct: Provided that where the Allottee(s) Allottee/s proposes to cancel/withdraw from the Project project without any fault of the Vendors/Promoter, ,the Vendors/Promoter herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Allottee(s) shall be returned by the moneypaidbytheAllottee/sshallbereturnedbytheVendors/Promoter to the Allottee(s) within forty-five days of such cancellationtotheAllottee/swithin45daysofsuchcancellation.

Appears in 1 contract

Samples: 202.61.117.163

AutoNDA by SimpleDocs

Cancellation by Allottee-(s). The Allottee(s) Allottee/s shall have the right to cancel/ cancel/withdraw his/her/its his allotment in the Project as provided in the Act:. Provided that where the Allottee(s) Allottee/s proposes to cancel/withdraw from the Project project without any fault of the PromoterDeveloper, the Promoter Developer herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the Allottee(s) Allottee/s shall be returned by the Promoter Developer to the Allottee(s) Allottee/s within forty-five 45 days of such cancellation.

Appears in 1 contract

Samples: Agreement for Sale

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!