Common use of Failure of the Allottees to take Possession of Apartment Clause in Contracts

Failure of the Allottees to take Possession of Apartment. Upon receiving the Notice of Possession from the Vendor-Cum-Developer, as per para 7.2, the Allottees shall take possession of the Apartment from the Vendor-Cum- Developer within the Possession Date by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Vendor-Cum-Developer shall give possession of the Apartment to the Allottees. In case the Allottees fails to take possession within the time provided in para 7.2 and/or even after the expiry of the Possession Date, such Allottees shall continue to be liable to pay maintenance charges as specified in para 7.2.

Failure of the Allottees to take Possession of Apartment. Upon receiving the Notice of Possession from the Vendor-Cum-Developer, as per para 7.2, the Allottees shall take possession of the Apartment from the Vendor-Cum- Cum-Developer within the Possession Date by executing necessary indemnities, undertakings and such other documentation as prescribed in this Agreement, and the Vendor-Cum-Cum- Developer shall give possession of the Apartment to the Allottees. In case the Allottees fails to take possession within the time provided in para 7.2 and/or even after the expiry of the Possession Date, such Allottees shall continue to be liable to pay maintenance charges as specified in para 7.2.