Common use of Cancellation by Allottee Clause in Contracts

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 and interest component on delayed payment (payable by the customer for breach of Agreement and non-payment of any due payable to the Promoter). The rate of interest payable by the Allottee to the Promoter shall be the State Bank of India highest marginal cost of lending rate plus two percent. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 90 (ninety) days of such cancellation.

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 booking amount paid for the allotment and interest component on delayed payment (payable by the customer for breach of Agreement and non-payment of any due payable to the Promoter). The rate of interest payable by the Allottee to the Promoter shall be the State Bank of India highest marginal cost of lending rate plus two percentpercent . The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 90 (ninety) days of such cancellation.

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 and interest component on delayed payment (payable by the customer for breach of Agreement and non-payment of any due payable to the Promoter). The rate of interest payable by the Allottee to the Promoter shall be the State Bank of India highest marginal cost of lending rate plus two percent. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 90 (ninety) days of such cancellation.

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 and interest component on delayed payment (payable by the customer for breach of Agreement and non-payment of any due payable to the Promoter). The rate of interest payable by the Allottee to the Promoter shall be the State Bank of India highest marginal cost of lending rate plus two percent. The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 90 (ninety) ninety days of such cancellation.

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 booking amount paid for the allotment and interest component on delayed payment (payable by the customer for breach of Agreement and non-non- payment of any due payable to the Promoter). The rate of interest payable by the Allottee to the Promoter shall be the State Bank of India highest marginal cost of lending rate plus two percentpercent . The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee within 90 (ninety) days of such cancellation.

Cancellation by Allottee. The Allottee shall have the right to cancel/cancel/ withdraw his allotment in the Project as provided in the HRERA Act: Provided that where the Allottee proposes to cancel/cancel/ withdraw from the Project without any fault of the Promoter, the Promoter herein is entitled to forfeit the Booking Amount booking amount (10% of the total sale consideration of the plot) paid for the allotment and interest component on delayed payment (payable by the customer for breach of Agreement agreement and non-non- payment of any due payable to the Promoter). The rate of interest payable by the Allottee to the Promoter shall be the State Bank of India highest marginal cost of lending rate plus two percent. The balance amount of money paid by the Allottee A llottee shall be returned by the Promoter to the Allottee within 90 (ninety) ninety days of such cancellation.

Cancellation by Allottee. The Allottee shall have the right to cancel/cancel / withdraw his allotment in the Project as provided in the Act: Provided that where the Allottee proposes to cancel/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 and interest component on delayed payment (( payable by the customer Allottee for breach of Agreement and non-payment of any due payable to the Promoter). The rate of interest payable by the Allottee to the Promoter shall be the State Bank of India highest marginal cost of lending rate plus 2% (two percent). The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee Allottee, within 90 (ninety) days of such cancellation.

Cancellation by Allottee. The Allottee shall have the right to cancel/cancel/ withdraw his allotment in the Project as provided in the Act: Provided that where the Allottee allottee proposes to cancel/cancel/ withdraw from the Project project without any fault of the Promoterpromoter, the Promoter promoter herein is entitled to forfeit the Booking Amount “booking amount / Xxxxxxx Money” (10% of the total BSP), paid for the allotment and interest component on delayed payment (payable by the customer for breach of Agreement agreement and non-payment nonpayment of any due payable to the Promoterpromoter). The rate of interest payable by the Allottee allottee to the Promoter promoter shall be the State Bank of India highest marginal cost of lending rate plus two percent. The balance amount of money paid by the Allottee allottee shall be returned by the Promoter promoter to the Allottee allottee within 90 (ninety) ninety days of such cancellation.

Cancellation by Allottee. The Allottee shall have the right to cancel/cancel/ withdraw his allotment in the Project as provided in the Act: Provided that where the Allottee allottee proposes to cancel/cancel/ withdraw from the Project project without any fault of the Promoterpromoter, the Promoter promoter herein is entitled to forfeit the Booking Amount booking amount paid for the allotment and interest component on delayed payment (payable by the customer for breach of Agreement agreement and non-non payment of any due payable to the Promoterpromoter), including but not limited to bank charges against return of cheque. The rate of interest payable by the Allottee allottee to the Promoter promoter shall be the State Bank of India highest marginal cost of lending rate plus two percent. The balance amount of money paid by the Allottee allottee shall be returned by the Promoter promoter to the Allottee allottee within 90 (ninety) ninety days of such cancellation.

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 allottee proposes to cancel/withdraw from the Project project without any fault of the Promoterpromoter, the Promoter promoter herein is entitled to forfeit the Booking Amount booking amount paid for the allotment and interest component on delayed payment (payable by the customer for breach of Agreement agreement and non-non payment of any due payable to the Promoterpromoter). The rate of interest payable by the Allottee allottee to the Promoter promoter shall be the State Bank of India highest marginal cost of lending rate plus two percent. The balance amount of money paid by the Allottee allottee shall be returned by the Promoter promoter to the Allottee allottee within 90 (ninety) ninety days of such cancellation.

Cancellation by Allottee. The Allottee shall have the right to cancel/cancel / withdraw his allotment in the Project as provided in the Act: Provided that where the Allottee proposes to cancel/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 and interest component on delayed payment (payable by the customer Allottee for breach of Agreement and non-payment of any due payable to the Promoter). The rate of interest payable by the Allottee to the Promoter shall be the State Bank of India highest marginal cost of lending rate plus 2% (two percent). The balance amount of money paid by the Allottee shall be returned by the Promoter to the Allottee Allottee, within 90 (ninety) days of such cancellation.