CANCELLATION BY THE PURCHASER. In the event the Purchaser opts to cancel this Agreement, then the Vendor shall be entitled to adjust, out of the receipts from the Purchaser till such time, an amount equal to 10% (ten percent) of the entirety of the amount paid by the Purchaser till the time of such calculation and refund the remainder to the Purchaser on or about 60 (sixty) days of such cancellation.
CANCELLATION BY THE PURCHASER. 11.1 In the event, the Purchaser expresses its/his/her desire to cancel this Agreement for any reasons whatsoever (save and except for reasons mentioned in Clause 6.4 hereinabove), then the Promoter shall be entitled to forfeit/deduct the Recovery Amounts from the Plot Consideration paid by the Purchaser till such cancellation and all the consequences of such cancellation stipulated in clause 6.3 hereinabove shall follow including the execution of the Deed of Cancellation and handover of originals of all the documents in respect of the Plot to the Promoter.
11.2 It is hereby clarified that forfeiture of the amounts as aforesaid are without prejudice to the other rights available to the Promoter including the entitlement to levy such interest rate as prescribed under RERA.
11.3 Upon such cancellation/termination of this Agreement, the Purchaser’s right to the Plot shall forthwith cease to exist and the Promoter shall be entitled to re- allot/sell the same in favour of any third party at its discretion.
11.4 The Purchaser further agrees that receipt of the aforementioned refund by way of cheque, if any, by hand delivery/registered post acknowledgment due at the address/encashed by the Purchaser or not, will be considered as the payment made by the Promoter towards such refund and its liability in terms of the said refund shall come to an end forthwith. The Purchaser shall not take or make any objection, contention, obstruction, claim or any proceeding in respect of the Promoter re-selling/re-allotting the Plot to any person/s pending refund of balance monies (after deduction) as mentioned hereinabove. In such an event, the Purchaser shall not be entitled to claim any right, title or benefit of any nature whatsoever in respect of the Plot or any part thereof.
11.5 The Purchaser hereby grants to the Promoter the unequivocal and irrevocable consent to recover / set off / adjust the amounts payable by the Purchaser to the Promoter including the Plot Consideration, Possession Charges, Interest and / or Liquidated Damages against any other amounts payable by the Purchaser to the Promoter or by the Promoter to the Purchaser pursuant to this Agreement and in relation to the Plot. The Purchaser agrees and undertakes not to raise any objection or make any claims with regard to such adjustment / set off and the claims, if any, of the Purchaser, in that regard, shall be deemed to have been waived.
CANCELLATION BY THE PURCHASER. In the event the Purchaser opts to cancel this Agreement, then the Developer shall be entitled to adjust, out of the
CANCELLATION BY THE PURCHASER. The Purchaser shall have the right to cancel/withdraw his allotment in the project as provided in the act Provided where the Purchaser proposes to cancel/withdraw from the project without any fault of the Seller, the Seller herein is entitled to forfeit the booking amount paid for the allotment and interest accrued thereon in accordance to law. The Purchaser acknowledges that the Seller shall be blocking the said Apartment for the Purchaser without receiving the total consideration price and other amounts and in the event of such cancellation the Seller shall refund the amount receivable by the Purchaser within 45 days of such cancellation or upon the Seller entering into an agreement for sale in respect of the said Apartment with any other intending Purchaser (which ever event shall happen later) and ins as much as the Seller in terms of this agreement is to hold the said flat on account of the Purchaser, the Purchaser has agreed to wait for payment of the amount in the event of cancellation as above and has agreed to waive all other rights upon cancellation.
CANCELLATION BY THE PURCHASER. The Purchaser shall have the right to cancel/withdraw his allotment in the project as provided in the act Provided where the Purchaser proposes to cancel/withdraw from the project without any fault of the Sellers, the Sellers herein is entitled to forfeit the booking amount paid for the allotment. The Purchaser acknowledges that the Sellers shall be blocking the said Apartment for the Purchaser without receiving the total purchase price and other amounts and in the event of such cancellation the Sellers shall refund the refund the amount receivable by the Purchaser within 45 days of such cancellation or upon the Sellers entering into an agreement for sale in respect of the said Apartment with any other intending Purchaser (which ever event shall happen first)
CANCELLATION BY THE PURCHASER. The Purchaser shall have the right to cancel/withdraw his allotment in the project as provided in the act Provided where the Purchaser proposes to cancel/withdraw from the project without any fault of the Seller, the Seller herein is entitled to forfeit the booking amount paid for the allotment and interest accrued thereon in accordance to law. The Purchaser acknowledges that the Seller shall be blocking the said Apartment for the Purchaser without receiving
CANCELLATION BY THE PURCHASER. If the purchaser decides to cancel this Agreement then he can do so by giving fifteen days notice to the Developer Provided further that upon termination of this agreement as aforesaid, the installments of sale price of the said premises which may till then have been paid by the Purchaser to the Developer shall not be refunded and upon termination of this Agreement the Developer, shall be at liberty to dispose of and sell the said premises to such person and at such price as the Developer may in his absolute discretion think fit.
CANCELLATION BY THE PURCHASER. 46 ARTICLE XXIII. SUPPLIES USED DURING TRIALS AND ON BOARD AT DELIVERY; SPARES....................................................................46 ARTICLE XXIV. TITLE.........................................................47 ARTICLE XXV. LIENS..........................................................48 ARTICLE XXVI. TAXES.........................................................48 ARTICLE XXVII.
CANCELLATION BY THE PURCHASER. (a) The Purchaser, in its sole discretion, shall have the right to cancel this Contract, but only in conjunction with its cancellation of the Purchase Agreement pursuant to Article XI thereof, at any time by giving written notice to the Contractor. The Purchaser's right to cancel this Contract shall expire ninety (90) days prior to the "Delivery Date" of Hull 001 under the Purchase Agreement of; provided, however, if KSI accelerates the Delivery Date of Hull 001 pursuant to Section 1.2(c) of the Purchase Agreement prior to the expiration of the Purchaser's right to cancel this Contract and the accelerated Delivery Date for Hull 001 is less than ninety (90) days from the date of such notice of acceleration, the Purchaser shall have a minimum of sixty (60) days from such notice to exercise its rights under this ARTICLE.
(b) If the Purchaser cancels this Contract pursuant to this ARTICLE XXII, all obligations, duties and liabilities of each of the parties hereto to the other under this Contract shall be completely discharged; provided, however, the Purchaser shall compensate the Contractor within ten (10) days of such cancellation for (i) any Non-essential Changes made by the Contractor pursuant to ARTICLE IV and (ii) any spares ordered by the Contractor on the Purchaser's behalf pursuant to paragraph (b) of ARTICLE XXIII but not paid for by the Purchaser prior to the cancellation of this Contract or the cancellation charges applicable thereto as provided for in paragraph (c) of ARTICLE XXIII.
CANCELLATION BY THE PURCHASER. The purchaser shall have no right under any circumstances to cancel the whole or part of a contract without the written consent of the company. - The company shall be entitled to grant such consent on terms and conditions as it may think fit, including terms and conditions as to payment of compensation by the purchaser. - No goods returned will be accepted without the consent of the company.
