Consideration Amount, Deposits, Extra Charges etc Clause Samples
Consideration Amount, Deposits, Extra Charges etc and the payment thereof
4.1 In consideration of the above, and accepting each of the terms and conditions stipulated in this Agreement, the Purchaser has/have agreed to pay to the Developer several amounts each together with the applicable Taxes thereon, including the mutually agreed amount stated in Part - I of the Fourth Schedule hereunder written which has been arrived at on the basis of the Carpet Area of the Said Apartment (“Consideration Amount”) together with the applicable Taxes thereon, as and by way of consideration for acquiring the specific rights of the nature stipulated herein, and in no event shall the Purchaser be entitled to or claim any abatement or reduction or deduction in the Consideration Amount on any ground whatsoever or howsoever save and except the amount, if any, towards the prevailing applicable tax deductible at source (“TDS”).
4.2 The Purchaser has covenanted and undertaken to and further hereby and hereunder covenant(s) and undertake(s) to make payment of the Consideration Amount together with the applicable Taxes thereon in the manner stipulated in Part - II of the Fourth Schedule hereunder written, it being recorded that the Purchaser has informed the Developer that such payment schedule is more convenient to/for the Purchaser, and the Purchaser covenant(s) and undertake(s) to make each of such payments as and when the same become due, and at or before the execution of this Agreement, the Purchaser has paid to the Developer, the sum stated in Part - III of the Fourth Schedule hereunder written as and by way of ▇▇▇▇▇▇▇ money.
4.3 In addition to payment of the Consideration Amount, the Purchaser shall be liable and responsible to and hereby agree(s) and undertake(s) to make payment of various amounts as determined by the Developer including those as and by way of Common Expenses, Deposits, Extra Charges etc. to the Developer and/or to the Other Entities and/or to any Governmental Authority(ies) and/or to any statutory/quasi-statutory authorities/bodies, each as identified and stipulated by the Developer, each together with the applicable Taxes thereon, as the case may be, each to be paid/deposited within such time frames as may be determined by the Developer, it being unequivocally agreed, understood, acknowledged and accepted by the Purchaser:-
i) that certain deposits are in the nature of non-refundable deposits and/or funds, which shall be held by the Developer, free of interest and shall be made over by the Developer to t...
