Common use of Default by Allottee Clause in Contracts

Default by Allottee. In the event any Allottee defaults in making any of the Payments within the due dates mentioned in Payment Schedule/Payment Notice (the "Defaulted Amount") or violates any of the terms hereunder or does not comply or refuses to abide by any of its covenants hereunder or in the Allotment Letter, then such an Allottee will be deemed to be in default (the "Defaulter Allottee") and the Developer shall be entitled to:

Appears in 7 contracts

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

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