Common use of Construction Finance Clause in Contracts

Construction Finance. The Promoter has taken construction finance for construction of the Project from Xxxxx Xxxxxxxx Investments Limited by mortgaging the Project Land and the construction Provided However That any such mortgage if it relates to the Designated Apartment shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of Deed of Conveyance by the Promoter in favour of the Allottee in terms hereof.

Appears in 4 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

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Construction Finance. The Promoter has taken construction finance for construction of the Project from Xxxxx Xxxxxxxx Investments Limited Paceman Sales Promotion Pvt Ltd an NBFC by mortgaging the Project Land and the construction Provided constructions thereatProvided However That any such mortgage mortgage, if it relates to the Designated Apartment Apartment, shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of the Sale Deed of Conveyance by the Promoter in favour of the Allottee in terms hereof.

Appears in 1 contract

Samples: Sale Agreement

Construction Finance. The Promoter has taken construction finance for construction of the Project from Xxxxx Xxxxxxxx Kotak Mahindra Investments Limited by mortgaging the Project Land and the construction Provided However That any such mortgage if it relates to the Designated Apartment shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of Deed of Conveyance by the Promoter in favour of the Allottee in terms hereof.

Appears in 1 contract

Samples: Agreement for Sale

Construction Finance. The Promoter has taken construction finance for construction of the Project from Xxxxx Xxxxxxxx Investments Limited . by mortgaging mortgaging, inter-alia, the Project Land and the construction constructions thereat Provided However That any such mortgage mortgage, if it relates to the Designated Apartment Apartment, shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of the Sale Deed of Conveyance by the Promoter in favour of the Allottee in terms hereof.

Appears in 1 contract

Samples: Sale Agreement

Construction Finance. The Promoter has taken construction finance for construction of the Project from Xxxxx Xxxxxxxx Investments Limited by mortgaging the Project said Land and the construction Provided However That any such mortgage if it relates to the Designated Apartment shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of Deed of Conveyance by the Promoter in favour of the Allottee in terms hereof.

Appears in 1 contract

Samples: Agreement for Sale

Construction Finance. The Promoter has taken is in the process of taking construction finance for construction of the Project from Xxxxx Xxxxxxxx Investments Limited as mentioned in clause 8 (iii) above by mortgaging the Project Land and the construction constructions thereat Provided However That any such mortgage mortgage, if it relates to the Designated Apartment Apartment, shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of the Sale Deed of Conveyance by the Promoter in favour of the Allottee in terms hereof.

Appears in 1 contract

Samples: Sale Agreement

Construction Finance. The Promoter has taken construction finance for construction of the Project from Xxxxx Xxxxxxxx Investments The Federal Bank Limited by mortgaging the Project Land and the construction constructions thereat Provided However That any such mortgage mortgage, if it relates to the Designated Apartment Apartment, shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of the Sale Deed of Conveyance by the Promoter in favour of the Allottee in terms hereof.

Appears in 1 contract

Samples: Sale Agreement

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Construction Finance. The Promoter has taken construction finance for construction of the Project from Xxxxx Xxxxxxxx Investments Limited by mortgaging the Project Land and the construction constructions thereat Provided However That any such mortgage mortgage, if it relates to the Designated Apartment Apartment, shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of the Sale Deed of Conveyance by the Promoter in favour of the Allottee in terms hereof.

Appears in 1 contract

Samples: Sale Agreement

Construction Finance. The Promoter has taken construction finance for construction of the Project from Xxxxx Xxxxxxxx Investments Venus Funds Management Limited (an NBFC Company) by mortgaging the Project Land and the construction constructions thereat Provided However That any such mortgage mortgage, if it relates to the Designated Apartment Apartment, shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of the Sale Deed of Conveyance by the Promoter in favour of the Allottee in terms hereof.

Appears in 1 contract

Samples: Sale Agreement

Construction Finance. The Promoter has taken construction finance for construction of the Project from Xxxxx Xxxxxxxx Investments Limited by mortgaging the Project Land and the construction Provided However That any such mortgage if it relates to the Designated Apartment Property shall be redeemed/discharged by the Promoter by way of repayment of the loan prior to the execution of Deed of Conveyance by the Promoter in favour of the Allottee in terms hereof.

Appears in 1 contract

Samples: Sale Agreement

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