Common use of DEEMED POSSESSION Clause in Contracts

DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Bungalow within the Possession Period, the Allottee shall be deemed to have taken possession on the 61st day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Bungalow, will be deemed to be the Possession Date.

DEEMED POSSESSION. It is understood by the Allottee that even if the Allottee fails to take possession of the Bungalow Plot within the Possession Period, the Allottee shall be deemed to have taken possession on the 61st day from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the BungalowPlot, will be deemed to be the Possession Date.

DEEMED POSSESSION. It is understood by the Allottee Allottee/Transferee that even if the Allottee Allottee/Transferee fails to take possession of the Bungalow within the Possession Period, the Allottee Allottee/Transferee shall be deemed to have taken possession on the 61st day 61stday from the date of Possession Notice which date, for all purposes and irrespective of the actual date when the Allottee Allottee/Transferee takes physical possession of the Bungalow, will be deemed to be the Possession Date.