Failure of Company to offer Possession and Payment of Compensation Sample Clauses

Failure of Company to offer Possession and Payment of Compensation. In the event the Company fails to offer possession of the Said Plot, within fifteen (15) months from the date of execution of this Agreement then after 90 days from the expiry of fifteen (15) months subject to the Intending Allottee(s) having made all payments as per the Payment Plan attached as Annexure-II, and all Govt. Charges as per the schedule of Govt. Charges recovery attached as Annexure-II and subject to the terms, conditions of this Agreement and barring force majeure circumstances, the Company shall pay compensation to the first named Intending Allottee(s) calculated at the rate of Rs. 300/- per sq. mtr. per month (Rs. 250/-per sq. yd. per month approx.) on the full area of the Said Plot which both parties have agreed is just and equitable estimate of the damages that the Intending Allottee(s) may suffer and the Intending Allottee(s) agrees that he/they shall not have any other claims/ rights whatsoever. The adjustment of compensation shall be done at the time of execution of the conveyance deed.
Sample 1
AutoNDA by SimpleDocs
Failure of Company to offer Possession and Payment of Compensation. In the event the Company fails to offer possession of the Said Plot, within twenty four (24) months from the date of execution of the Agreement then after ninety (90) days from the expiry of twenty four (24) months subject to the Intending Allottee(s) having made all payments as per the Payment Plan attached as Annexure-II, and subject to the terms, conditions of this Agreement and barring force majeure circumstances, the Company shall pay compensation only to the first named Intending Allottee(s) and not to anyone else calculated at the rate of Rs. 150/- per sq. mtr. per month (Rs. 125/- per sq. yd. approx. per month) on the full area of the Said Plot which both parties have agreed is just and equitable estimate of the damages that the Intending Allottee(s) may suffer and the Intending Allottee(s) agrees that he/they shall not have any other claims/rights whatsoever. The adjustment of compensation shall be done at the time of execution of the conveyance deed.
Sample 1

Related to Failure of Company to offer Possession and Payment of Compensation

  • Compensation and Payment Terms A. Subject to the satisfactory performance of the services required of Contractor pursuant to this Agreement, and to the terms and conditions set forth in this Agreement, and following Contractor’s submission of an appropriate claim, and such other documentation that the County may require, County shall pay Contractor according to the terms set forth in Exhibit C, Terms of Payment. Contractor agrees to accept the foregoing payments as full and complete payment for all services provided pursuant to this Agreement, irrespective of whether the cost of such services and related administrative expenses exceed such payments.

  • Compensation and Payment 3.1 Contractor’s fees shall be calculated at the rates set forth in the attached Exhibit

  • Compensation for Convenience Termination If City shall terminate for its convenience as herein provided, City shall compensate Consulting Engineer/Architect for all Engineering/Architectural Services satisfactorily completed to date of its receipt of the termination notice and any additional Engineering/Architectural Services requested by City to bring the Project to reasonable termination. Compensation shall not include anticipatory profit or consequential damages, neither of which will be allowed.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Termination and Post-Termination Continuation of Services If either Party provides Notice of Termination pursuant to Section 6.3 and, by 11:59 p.m. Central Time on the stated date of termination, neither Party has requested negotiation of a new Interconnection agreement, then (a) this Agreement will terminate at 11:59 p.m. Central Time on the termination date identified in the Notice of Termination, and (b) the services and functions being provided by CenturyLink under this Agreement at the time of termination, including Interconnection arrangements and the exchange of Local Traffic, may be terminated by CenturyLink unless the Parties jointly agree to other continuing arrangements.

  • COMPENSATION AND PAYMENTS 1.1 The Owner shall pay the Contractor to furnish all labor, equipment, materials and incidentals necessary for the construction of the Work described in the Specifications and shown on the Drawings the Contract Amount as shown below. Base Bid $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Total Contract Amount $0.00

  • Form of Compensation Compensation for overtime shall be paid except where, upon request of the Employee, and with the approval of the Employer, or its representative, overtime may be granted in the form of time off in lieu of overtime hours worked.

  • Termination of Contractor’s Responsibilities This Agreement will be considered complete when all work has been completed and accepted by the COUNTY and all warranty periods have expired. The CONTRACTOR will then be released from further obligation except as set forth in this Agreement.

  • Payment of Annual Leave on Termination On the termination of their employment, an employee will be paid their untaken or pro-rata annual leave.

  • Doctor's Certificate of Inability to Work The Employer may require an employee who is unable to work because of illness or injury to provide a statement from:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!