Common use of Charge/Lien Clause in Contracts

Charge/Lien. The Developer shall have first charge and/or lien over the said Apartment for all amounts due and payable by the Allottee to the Developer provided however if the said Apartment is purchased with assistance of a financial institution, then such charge/lien of the Developer shall stand extinguished on the financial institution provided all dues payable to the Developer are cleared by the Allottee and/or such financial institution.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

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Charge/Lien. The Developer shall have first charge and/or lien over the said Apartment for all amounts due and payable by the Allottee to the Developer provided however however, if the said Apartment is purchased with assistance of a financial institution, then such charge/lien of the Developer shall stand extinguished on the financial institution provided all dues payable to the Developer are cleared by the Allottee and/or such financial institution.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

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Charge/Lien. The Developer shall have first charge and/or lien over the said Apartment for all amounts due and payable by the Allottee to the Developer provided however however, if the said Apartment is purchased with assistance of a financial institution, then such charge/charge / lien of the Developer shall stand extinguished on the financial institution provided all dues payable to the Developer are cleared by the Allottee and/or such financial institution.

Appears in 1 contract

Samples: Sale Agreement

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