Common use of Cancellation by Vendee Clause in Contracts

Cancellation by Vendee. The Vendee shall have the right to cancel/with draw his allotment in the Project as provided in the Act: Provided that where the Vendee proposes to cancel/withdraw from the Project without any fault of the Vendor, the Vendor herein is entitled to forfeit 10 % of total amount of the consideration money, interest and other dues payable for the allotment. The balance amount of money paid by the Vendee shall be returned by the Vendor to the Vendee as within 90 days of such cancellation.

Cancellation by Vendee. The Vendee Vendee(s) shall have the right to cancel/with draw withdraw his allotment in the Project as provided in the Act: Provided that where the Vendee Vendee(s) proposes to cancel/withdraw from the Project without any fault of the Vendor, the Vendor herein is entitled to forfeit 10 the booking amount i.e. (10% of total amount the Total Price of the consideration money, interest and other dues payable Unit ) paid for the allotmentallotment of the Unit . The balance amount of money paid by the Vendee Vendee(s) shall be returned by the Vendor to the Vendee as Vendee(s) within 90 forty-five days of such cancellation.

Cancellation by Vendee. The Vendee shall have the right to cancel/with draw his allotment in the Project as provided in the Act: Provided that where the Vendee proposes to cancel/withdraw from the Project without any fault of the Vendor, the Vendor herein is entitled to forfeit 10 % of total amount of the consideration money, interest and other dues payable for the allotment. The balance amount of money paid by the Vendee shall be returned by the Vendor to Vendorto the Vendee as Vendeeas within 90 days of such cancellation.