Common use of Cancellation by Allottees Clause in Contracts

Cancellation by Allottees. The Allottees shall have the right to cancel/withdraw his allotment in the Project as provided in the Act. Provided that where the Allottees 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 Allottees shall be returned by the Promoter to the Allottees within 45 (Forty-Five) days of such cancellation.

Appears in 1 contract

Samples: Agreement for Sale

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Cancellation by Allottees. The Allottees Allottee(s) shall have the right to cancel/withdraw his allotment in the Project as provided in the Act. : Provided that where the Allottees Allottee(s) 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 paid for the allotment. The balance amount of money paid by the Allottees Allottee(s) shall be returned by the Promoter promoter to the Allottees Allottee(s) within 45 (Forty-Five) days of such cancellation.

Appears in 1 contract

Samples: Agreement for Sale

Cancellation by Allottees. The Allottees shall have the right to cancel/cancel/ withdraw his their allotment in the Project as provided in the Act. : Provided that where the Allottees 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 paid for the allotment. The balance amount of money paid by the Allottees shall be returned by the Promoter to the Allottees within 45 (Forty-Five) days of such cancellation.

Appears in 1 contract

Samples: Agreement for Sale

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Cancellation by Allottees. The Allottees Allottee shall have the right to cancel/withdraw his their allotment in the inthe Project as provided in the Act. Provided that where the Allottees Allottee proposes to cancel/withdraw from the Project without any fault of the Owners/ Promoter, the Promoter herein is shall be entitled to forfeit the booking Booking amount paid for Allotment and the allotment. The balance amount of money paid by the Allottees shall be returned by the Promoter to the Allottees within 45 (Forty-Five) days of such cancellation.

Appears in 1 contract

Samples: Agreement for Sale

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