Failure of Allottee(s) to take Possession of Unit. Upon receiving a written intimation from the SUB LESSOR / PROMOTER as per para 5.2, the Allottee(s) shall take possession of the UNIT from the SUB LESSOR / PROMOTER by executing necessary indemnities, understandings and such other documentation as prescribed by the Sub-Lessor/Promoter and or in this Agreement and the SUB LESSOR / PROMOTER shall give possession of the UNIT to the Allottee(s). In case the Allottee(s) fails to take possession within the time provided in para 5.2 such Allottee/Purchaser shall be liable to pay to the SUB LESSOR / PROMOTER the holding charges at the rate of Rs. /- per month per sq. ft. of UNIT area for the period beyond 2 months till actual date of possession on account of supervision/holding charges, in addition to that,the Allottee(s) shall continue to be liable to pay maintenance charges and all other applicable rates and taxes as specified in para 7.3
Failure of Allottee(s) to take Possession of Unit. Upon receiving a written intimation from the Promoter as per Para 7.2, the Allottee(s) shall take possession of the Unit from the Promoter by executing necessary indemnities, undertakings, registration and/or such other documentation as prescribed in this Agreement, and the Promoter shall give possession of the Unit to the Allottee(s) as per terms and condition of the agreement.
Failure of Allottee(s) to take Possession of Unit. Upon receiving a written intimation from the Owner/Promoter as per Para 7.2, the Allottee(s) shall take possession of the Unit from the Owner/Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter shall give possession of the Unit to the Allottee(s). In case the Allottee(s) fails to take possession within the time provided in para 7.2 such Allottee(s) shall continue to be liable to pay interest on amount due and payable in terms of this agreement, maintenance charges as specified in para 7.2, municipal tax and other outgoings and further holding charge of Rs.5,000/- per month or part thereof for the period of delay of taking possession. Further, the Allottee(s) shall be solely responsible and liable for compliance of the provisions of the Indian Stamp Act, 1899, and Registration Act, 1908 including any actions taken or deficiencies/penalties imposed by the competent authority. And Further, the Owner/Promoter shall not be responsible for any damage caused to the Unit on account of delay on the part of the Allottee(s) in taking over possession and in such event the Allottee(s) shall have to take possession of the same on “as is where is basis”. The Owner/Promoter shall not be held responsible in any manner for any future mishaps like fire, earthquake, flood etc. OR any accident caused due to any of machineries installed like electrical equipment, and transformer, etc.;
Failure of Allottee(s) to take Possession of Unit. Upon receiving a written intimation from the Promoter as per Para 7.2, the Allottee(s) shall take possession of the Unit from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Promoter shall give possession of the Unit to the Allottee(s) as per terms and condition of the agreement. Possession by the Allottee - In case the Allottee(s) fails to comply with the essential documentation, undertaking, etc. or fails to take possession within the time provided in para7.2, such Allottee(s) shall continue to be liable to pay maintenance charges and holding charges as intimated by the Promoter. Cancellation by Xxxxxxxx(s) – The Allottee(s) shall have the right to cancel/ withdraw his allotment in the Project as provided in the Act: Provided that where the Allottee(s) proposes to cancel/ withdraw from the project without any fault of the promoter, the promoter here in is entitled to forfeit the Xxxxxxx Amount paid for the allotment and any taxes, duties, cess, statutory charges or interest accrued thereon etc. deposited/ to be deposited by the Promoter to the concerned department/ authority and interest component on delayed payment (payable by the customer for breach of agreement and nonpayment of any due payable to the promoter). The rate of interest payable by the Allottee(s) to the promoter shall be the State Bank of India highest marginal cost of lending rate. The balance amount of money paid by the Allottee(s) shall be returned by the promoter to the Allottee(s) within ninety days of such cancellation (without any interest).
Failure of Allottee(s) to take Possession of Unit. Upon receiving a written intimation from the Promoter as per Term No. 7.2 above, the Allottee(s) shall take possession of the Unit from the Promoter by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement and the Promoter shall give possession of the Unit to the Allottee(s). In case the Allottee(s) fails to take possession within the time provided as per Term No. 7.2 above, such Allottee(s) shall continue to be liable to pay maintenance charges as specified under Term No. 7.2 above.
