Cancellation by Xxxxxxxx. 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 agreement amount paid for the agreement. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days of such cancellation after deducting the Govt. Taxes & other charges.
Cancellation by Xxxxxxxx. (s) – The Allottee(s) shall have the right to cancel/withdraw his allotment in the Project as provided in the Act:
Cancellation by Xxxxxxxx. (s)- The Allottee(s) shall have the right to cancel/withdraw his allotment in the Said Project as provided in the Act: Provided that where the Allottee(s) proposes to cancel/withdraw from the Said Project without any fault of the Promoter, or before the date of completion of the Said Project as recorded with the Authority at the time of registration of the Said Project or any extension thereof, the Promoter shall be entitled to forfeit and retain the Xxxxxxx Money/ application money/ booking amount, stamp duty, registration charges etc. paid in respect of allotment of the Unit in favor of the Allottee; Delay Payment Charges; documentation charges as mentioned in this Agreement, charges (including taxes) for dishonor of cheque (if any) by the Allottee(s)and all amounts collected as taxes, charges, levies, cess, assessments and all other impositions which may be levied by any appropriate authorities including but not limited to, GST, to the extent that credit of the GST / taxes paid is not allowed to be claimed as refund by the Promoter and all amounts (including taxes) paid or payable as brokerage fee to any real estate agent, broker, channel partner, institution etc. by the Promoter in respect of the booking of the Allottee(s)etc., as on the date of such termination, from the amounts paid by the Allottee(s) till such date and the balance amount of money paid by the Allottee(s), if any, shall be returned by the Promoter to the Allottee(s) without any interest, from the amount realized from new allottee/buyer. After refund of the money paid by the Allottee(s)as provided in this Clause, the Allottee(s)agrees that it shall not have any rights, claims etc. against the Promoter and the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement. However, the aforesaid amount shall be refunded by the Promoter only upon execution and registration of the cancellation deed by the Allottee. Cancellation by Allottee(s) after Occupancy Certificate- Where the Allottee(s) proposes to cancel/withdraw from the Said Project without any fault of the Promoter, after receipt of Occupancy Certificate of the Said Project, the Promoter shall be entitled to forfeit and retain twice the Xxxxxxx Money / Application Money / Booking amount, stamp duty, registration charges etc. paid in respect of allotment of the Unit in favor of the Allottee; Delay Payment Charges; legal fees / documentation charges as mentioned in this Agreement, charges (...
Cancellation by Xxxxxxxx. The Allottee(s) shall have the right to cancel/ withdraw his allotment in the Project as provided in the Act. Provided that subject to clause 7.5 (i) below, where the Allottee(s) propose(s) to cancel/withdraw from the Project without any fault of the Promoter, the Allottee(s) shall serve a 90 (ninety) days’ notice in writing on the Promoter and on the expiry of the said period the allotment shall stand cancelled and, the Promoter herein is entitled to forfeit 10% of the Total Price of the said Apartment as mentioned in clause 1.2 hereinabove plus applicable taxes. The Allottee(s) acknowledge(s) that in the event of Allottee(s) terminating this Agreement for Sale for no default on the part of the Promoter, the Promoter is bound to suffer huge loss in as much as the said Apartment having remained blocked for the Allottee(s) and as such, in the event the Allottee(s) terminating or cancelling this Agreement for Sale, the Allottee(s) waives the right to claim refund of balance amount until such time the Promoter has entered into another agreement with any other person or before the expiry of 12 months from the date of such termination, whichever event shall happen earlier. The Promoter shall refund the balance amount by cheque/ demand draft. The Allottee(s)shall be at liberty to claim applicable taxes from the concerned authorities. It is clarified that all amounts collected as taxes, charges, levies, cess, assessments and impositions and deposited including stamp duty, registration charges and incidental charges with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee shall be free to approach the authorities concerned for refund of such taxes, charges, levies, cess, assessments and impositions.
Cancellation by Xxxxxxxx. (s) - The Allottee(s) shall have the right to cancel/ withdraw his allotment in the Project as provided in the Act. Provided that where the Allottee(s) propose(s) 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 Allottee(s) shall be returned by the Promoter to the Allottee(s) within 45 days of such cancellation. It is clarified that all amounts collected as taxes, charges, levies, cess, assessments and impositions and deposited including stamp duty, registration charges and incidental charges with the appropriate authorities concerned shall not be returned by the Promoter and the Allottee(s) shall be free to approach the authorities concerned for refund of such taxes, charges, levies, cess, assessments and impositions.
Cancellation by Xxxxxxxx. (s)- The Allottee(s) shall have the right to cancel/withdraw his allotment in the Said Project as provided in the Act: Provided that where the Allottee(s) proposes to cancel/withdraw from the Said Project without any fault of the Promoter, the Promoter shall be entitled to forfeit the booking amount, amount of interest paid/payable by the Allottee(s) to the Promoter as per this Agreement out of the amounts paid by the Allotttee(s) or any other penalties paid/payable by the Allottee(s) at the time of termination of this Agreement and the balance shall be refunded by the Promoter to the Allottee(s) without any interest within 45 days after re- allotment of such cancelled unit.
Cancellation by Xxxxxxxx. The Borrower may by notice to the Bank cancel any amount of the Loan which the Executing Agency shall not have withdrawn prior to the giving of such notice, except that the Borrower may not cancel any amount of the Loan allocated in the Loan Agreement for payment of the front-end fee under Section 3.06 or in respect of which the Bank shall have entered into a special commitment pursuant to Section 4.02.
Cancellation by Xxxxxxxx. (i)The Allottee shall have the right to cancel / withdraw his allotment in the Project as provided in the Act: Provided that subject to clause 8.8 (ii) where the Allottee proposes to cancel/withdraw from the project without any fault of the promoter, the Allottee shall serve a 90 (ninety) days‟ notice in writing on the Promoter and on the expiry of the said period the allotment shall stand cancelled and the promoter herein is entitled to forfeit 10% of the consideration, interest and other dues payable and the applicable GST on such cancellation charges . Further in case of a falling market the amount repayable will be further reduced by the extent of the difference in amount receivable on a fresh sale of the Apartment to another buyer and the Purchase Price of the Allottee if the current Sale Price is less than the Purchase Price. The balance amount of money paid by the Allottee after the aforesaid deductions shall subject to clause 8.8(iii) below be returned by the promoter to the Allottee after selling the Unit to a new Allottee within 45 days of such cancellation. Once the said flat is resold to any other allottee and subject to allottee executing necessary document for revocation of the Sale Agreement executed by him/her with the Promoter for allotment/purchase of flat and pay/borne all cost for execution and registration of that revocation document.
Cancellation by Xxxxxxxx. (s) - The Allottee(s) shall have the right to cancel/withdraw his allotment in the project as provided in the Act: Provided that where the Allottee(s) proposes to cancel/withdraw from the project then Cancellation agreement will be done before and the advance amount paid by the Allottee(s) shall be refunded only on sale of the said Flat.
Cancellation by Xxxxxxxx. (s)- The Allottee(s) shall have the right to cancel/withdraw his allotment in the Building as provided in the Act: Cancellation by Xxxxxxxx(s) after Completion of the Project - Where the Allottee(s) proposes to cancel/withdraw the allotment of the Unit without any fault of the Promoter, after completion of the Building, the Promoter shall be Compensation –The Promoter shall compensate the Allottee(s) in case of any actual loss, caused to him due to defective title of the Said Plot, on which the Building is being developed or has been developed, in the manner as provided under the Act and the claim for the interest and compensation under this provision shall not be barred by limitation provided under any law for the time being in force.
