Common use of Cancellation by Allottee Clause in Contracts

Cancellation by Allottee. The Allottee(s) shall have the right to cancel/withdraw his 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 including GST. 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. The Promoter shall have the right to recover the GST amount from the allottee, already paid by the Promoter on behalf of the allottee, as the applicable rules.

Appears in 4 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

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Cancellation by Allottee. The Allottee(s) shall have the right to cancel/withdraw his 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 PromoterVendor/Developer, the Promoter Vendor/Developer herein is entitled to forfeit the booking amount paid for the allotment including GST. The balance amount of money paid by the Allottee(s) shall be returned by the Promoter Vendor/Developer to the Allottee(s) within forty-five days of such cancellation. The Promoter Vendor/Developer shall have the right to recover the GST amount from the allottee, already paid by the Promoter Vendor/Developer on behalf of the allottee, as the applicable rules.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Cancellation by Allottee. The Allottee(s) shall have the right to cancel/withdraw his allotment hisallotment 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 PromoterVendor/Developer, the Promoter Vendor/Developer herein is entitled to forfeit the booking amount paid for the allotment including GST. The balance amount of money paid by the Allottee(s) shall be returned by the Promoter Vendor/Developer to the Allottee(s) within forty-five days of such cancellation. The Promoter Vendor/Developer shall have the right to recover the GST amount from the allottee, already paid by the Promoter Vendor/Developer on behalf of the allottee, as the applicable rules.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Cancellation by Allottee. The Allottee(s) shall have the right to cancel/withdraw his allotment hisallotment 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 including GST. 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. The Promoter shall have the right to recover the GST amount from the allottee, already paid by the Promoter on behalf of the allottee, as the applicable rules.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

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Cancellation by Allottee. The Allottee(s) shall have the right to cancel/withdraw his allotment hisallotment 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 including GSTGST or any other taxes as applicable on the date of cancellation. 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. The Promoter shall have the right to recover the GST amount from the allottee, already if any paid by the Promoter on behalf of the allottee, as the applicable rules.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Cancellation by Allottee. The Allottee(s) shall have the right to cancel/withdraw his 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 including GSTGST or any other taxes as applicable on the date of cancellation. 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. The Promoter shall have the right to recover the GST amount from the allottee, already if any paid by the Promoter on behalf of the allottee, as the applicable rules.

Appears in 1 contract

Samples: Agreement for Sale

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