Common use of Cancellation by Xxxxxx Clause in Contracts

Cancellation by Xxxxxx. 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 Xxxxxx. 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.