Common use of IN FAVOUR OF Clause in Contracts

IN FAVOUR OF. [If the Vendee is a company] , (CIN No. ), a company incorporated under the provisions of the Companies Act, [1956 or 2013, as the case may be], having its registered office at , (PAN ), represented by its signatory, , authorized (Aadhar No. ) duly authorized vide board resolution dated , hereinafter referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include its successor-in-interest, and permitted assigns). [OR] [If the Vendee is a Partnership] , a partnership firm registered under the Indian Xxxxxxxxxxx Xxx, 0000, having its principal place of business at , (PAN ), represented by its authorized partner, , (Aadhar No. ) authorized vide , herein referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include the partners or partner for the time being of the said firm, the survivor or survivors of them and their heirs, executors and administrators of the last surviving partner and his/her/their assigns). [OR] [If the Vendee is an Individual] Mr./Ms. , (Aadhar no. ) son / daughter of , aged about , residing at , (PAN ) herein called the “Vendee” (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include his/her heirs, executors, administrators, successors-in-interest and permitted assigns).

IN FAVOUR OF. [If the Vendee is a company] , (CIN No. ), a company incorporated under the provisions of the Companies Act, [1956 or 2013, as the case may be], having its registered office at , (PAN ), represented by its authorized signatory, , authorized (Aadhar No. ) duly authorized vide board resolution dated , hereinafter referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include its successor-in-interest, and permitted assigns). [OR] [If the Vendee is a Partnership] , a partnership firm registered under the Indian Xxxxxxxxxxx Xxx, 0000, having its principal place of business at , (PAN ), represented by its authorized partner, , (Aadhar No. ) authorized vide , herein referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include the partners or partner for the time being of the said firm, the survivor or survivors of them and their heirs, executors and administrators of the last surviving partner and his/her/their assigns). [OR] [If the Vendee is an Individual] 1 Mr./Ms. , (Aadhar no. ) son / daughter of , aged about , residing at (PAN ) 2 Mr./Ms. , (Aadhar no. ) son / daughter of , aged about , residing at (PAN ) 3 Mr./Ms. , (Aadhar no. ) son / daughter of , aged about , residing at (PAN ) herein called the “Vendee” individually and/or collectively (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include his/her heirs, executors, administrators, successors-in-interest and permitted assigns). [OR] [If the Vendee is a HUF] Mr. , (Aadhar no. ) son of aged about for self and as the Karta of the Hindu Joint Mitakshara Family known as HUF, having its place of business / residence at , (PAN ) herein referred to as the “Vendee” (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include the members or member for the time being of the said HUF, and their respective heirs, executors, administrators and permitted assigns) Hereinafter the Vendor and Vendee are collectively referred to as the “Parties” and individually as the “Party” as the contexts demand.

IN FAVOUR OF. [If the Vendee is a company] , (CIN No. ), a company incorporated under the provisions of the Companies Act, [1956 or 2013, as the case may be], having its registered office at , (PAN ), represented by its signatory, , authorized (Aadhar No. ) duly authorized vide board resolution dated , hereinafter referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include its successor-in-interest, and permitted assigns). [OR] [If the Vendee is a Partnership] , a partnership firm registered under the Indian Xxxxxxxxxxx Xxx, 0000, having its principal place of business at , (PAN ), represented by its authorized partner, , (Aadhar No. ) authorized vide , herein referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include the partners or partner for the time being of the said firm, the survivor or survivors of them and their heirs, executors and administrators of the last surviving partner and his/her/their assigns). [OR] [If the Vendee is an Individual] Mr./Ms. , (Aadhar no. ) son / daughter of , aged about , residing at , (PAN ) herein called the “Vendee” (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include his/her heirs, executors, administrators, successors-in-interest and permitted assigns). [OR] [If the Vendee is a HUF] Mr. , (Aadhar no. ) son of aged about for self and as the Karta of the Hindu Joint Mitakshara Family known as HUF, having its place of business / residence at , (PAN ) meaning thereof be deemed to mean and the members or member for the time being of the said HUF, and their respective heirs, executors, administrators and permitted assigns) of the Second Party. Hereinafter the Vendors and Vendee are collectively referred to as the “Parties” and individually as the “Party” as the contexts demand.

IN FAVOUR OF. [If the Vendee is a company] , (CIN No. ), a company incorporated under the provisions of the Companies Act, [1956 or 2013, as the case may be], having its registered office at , (PAN ), represented by its signatory, , authorized (Aadhar No. ) duly authorized vide board resolution dated , hereinafter referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include its successor-in-interest, and permitted assigns). [OR] [If the Vendee is a Partnership] , a partnership firm registered under the Indian Xxxxxxxxxxx Xxx, 0000, having its principal place of business at , (PAN ), represented by its authorized partner, , (Aadhar No. ) authorized vide , herein referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include the partners or partner for the time being of the said firm, the survivor or survivors of them and their heirs, executors and administrators of the last surviving partner and his/her/their assigns). [OR] [If the Vendee is an Individual] Mr./Ms. , (Aadhar no. ) son / daughter of , aged about , residing at , (PAN ) herein called the “Vendee” (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include his/her heirs, executors, administrators, successors-in-interest and permitted assigns). [OR] [If the Vendee is a HUF] Mr. , (Aadhar no. ) son of aged about for self and as the Karta of the Hindu Joint Mitakshara Family known as HUF, having its place of business / residence at , (PAN ) meaning thereof be deemed to mean and the members or member for the time being of the said XXX, and their respective heirs, executors, administrators and permitted assigns) of the Second Party. Hereinafter the Vendors and Vendee are collectively referred to as the “Parties” and individually as the “Party” as the contexts demand.

IN FAVOUR OF. [If the Vendee is a company] , (CIN No. ), a company incorporated under the provisions of the Companies Act, [1956 or 2013, as the case may be], having its registered office at , (PAN ), represented by its authorized signatory, , authorized (Aadhar No. ) duly authorized vide board resolution dated , hereinafter referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include its successor-in-interest, and permitted assigns). [OR] [If the Vendee is a Partnership] , a partnership firm registered under the Indian Xxxxxxxxxxx Xxx, 0000, having its principal place of business at , (PAN ), represented by its authorized partner, , (Aadhar No. ) authorized vide , herein referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include the partners or partner for the time being of the said firm, the survivor or survivors of them and their heirs, executors and administrators of the last surviving partner and his/her/their assigns). [OR] [If the Vendee is an Individual] 1 Mr./Ms. , (Aadhar no. ) son / daughter of , aged about , Yrs. residing at (PAN ) 2 Mr./Ms. , (Aadhar no. ) son / daughter of , aged about , Yrs. residing at (PAN ) 3 Mr./Ms. , (Aadhar no. ) son / daughter of , aged about , Yrs. residing at (PAN ) herein called the “Vendee” individually and/or collectively (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include his/her heirs, executors, administrators, successors-in-interest and permitted assigns). [OR] [If the Vendee is a HUF] Mr. , (Aadhar no. ) son of aged about yrs for self and as the Karta of the Hindu Joint Mitakshara Family known as HUF, having its place of business / residence at (PAN ) herein called the “Vendee” (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include the members or member for the time being of the said HUF, and their respective heirs, executors, administrators and permitted assigns). Hereinafter the Vendor and Vendee are collectively referred to as the “Parties” and individually as the “Party” as the contexts demand.

IN FAVOUR OF. [If the Vendee Allottee is a company] , (CIN No. ), a company incorporated under the provisions of the Companies Act, [1956 or 2013, as the case may be], having its registered office at , (PAN ), represented by its signatory, , authorized (Aadhar No. ) duly authorized vide board resolution dated , hereinafter referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include its successor-in-interest, and permitted assigns). [OR] [If the Vendee Allottee is a Partnership] , a partnership firm registered under the Indian Xxxxxxxxxxx Xxx, 0000, having its principal place of business at , (PAN ), represented by its authorized partner, , (Aadhar No. ) authorized vide , herein referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include the partners or partner for the time being of the said firm, the survivor or survivors of them and their heirs, executors and administrators of the last surviving partner and his/her/their assigns). [OR] [If the Vendee Allottee is an Individual] Mr./Ms. , (Aadhar no. ) son / daughter of , aged about , residing at , (PAN ) herein called the “Vendee” (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include his/her heirs, executors, administrators, successors-in-interest and permitted assigns). [OR] [If the Allottee is a HUF] Mr. , (Aadhar no. ) son of aged about for self and as the Karta of the Hindu Joint Mitakshara Family known as HUF, having its place of business / residence at , (PAN ) meaning thereof be deemed to mean and the members or member for the time being of the said HUF, and their respective heirs, executors, administrators and permitted assigns) of the Second Party. Hereinafter the First Party and the Second Party are collectively referred to as the “Parties” and individually as the “Party” as the contexts demand.

IN FAVOUR OF. [If the Vendee is a company] , (CIN No. ), a company incorporated under the provisions of the Companies Act, [1956 or 2013, as the case may be], having its registered office at , (PAN ), represented by its authorized signatory, , authorized (Aadhar No. ) duly authorized vide board resolution dated , hereinafter referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include its successor-in-interest, and permitted assigns). [OR] [If the Vendee is a Partnership] , a partnership firm registered under the Indian Xxxxxxxxxxx Xxx, 0000, having its principal place of business at , (PAN ), represented by its authorized partner, , (Aadhar No. ) authorized vide , herein referred to as the “Vendee”(which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include the partners or partner for the time being of the said firm, the survivor or survivors of them and their heirs, executors and administrators of the last surviving partner and his/her/their assigns). [OR] [If the Vendee is an Individual] 1 Mr./Ms. , (Aadhar Xxxxxx no. ) son / daughter of , aged about , Yrs. residing at (PAN ) 2 Mr./Ms. , (Xxxxxx no. ) son / daughter of , aged about , Yrs. residing at (PAN ) 3 Mr./Ms. , (Xxxxxx no. ) son / daughter of , aged about , Yrs. residing at (PAN ) herein called the “Vendee” individually and/or collectively (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include his/her heirs, executors, administrators, successors-in-interest and permitted assigns). [OR] [If the Vendee is a HUF] Mr. , (Aadhar no. ) son of aged about yrs for self and as the Karta of the Hindu Joint Mitakshara Family known as HUF, having its place of business / residence at (PAN ) herein called the “Vendee” (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include the members or member for the time being of the said HUF, and their respective heirs, executors, administrators and permitted assigns). Hereinafter the Vendor and Vendee are collectively referred to as the “Parties” and individually as the “Party” as the contexts demand.