Construction Progress Linked Payment Plan. The Allottees(s) acknowledges that he/her/it has chosen the “Construction Progress Linked Payment Plan” since it offers several advantages to the Allottees(s), including that the installment payments may become due later in time than as envisages at the time of entering into this Agreement, if the relevant construction milestones are delayed, thus compensating for the impact of any delay in construction on the Allottees. This significantly reduces the risk of the Allottees as compared to the “Time Linked Payment Plan” option and the Allottees has entered into this Agreement after taking into account the advantages and risks of the “Construction Progress Linked Payment Plan”.
Construction Progress Linked Payment Plan. The Allottees(s ) a cknowledges tha t he/her/it has chosen the “Cons tructi on Progress Lin ked Pa ymen t Plan” sin ce i t offe rs seve ral adva ntages to the All ottees(s ), including that the installment paymen ts ma y be come due late r in ti me than as envi sages at the ti me of ente rin g into this Agree ment, if the rele van t construction mil estones are dela yed, thus compensating for the impact of any delay in construction on the Allo ttees. This signifi cantly reduces the risk of the Allottees as compa red to the “Ti me Lin ked Paymen t Plan” option and the Allottees has entered in to this Agreement after xx xxxx in to account the ad van tages and ri sks of the “Co nstru ction Progress Linked Pa ymen t Plan”.
