Common use of Liability Commencement Date Clause in Contracts

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Unit and the Allottee fails to pay the entire dues of the Allottee within the time stipulated in the notice or is in default in compliance of any of his other obligations hereunder, then notwithstanding the fact that the Promoter shall withhold possession of the Unit on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the Designated Apartment shall commence on the expiry or days of issuance of such Notice of Possession or date of expiry of the time stipulated in such Notice, whichever be earlier, as aforesaid (“Liability Commencement Date”). Furthermore, with effect from the Liability Commencement Date and until the Allottee pays all its dues towards the Promoter and the Designated Apartment and remedies the concerned default and takes physical possession of the Unit, the Allottee shall be liable for all consequences of failure of compliance of House Rules and shall also be liable to pay to the Promoter a predetermined sum calculated @Rs. 50/- (Rupees fifty) only per Square foot per month of the built-up area in respect of the Designated Apartment towards withholding charges. This shall be without prejudice to the other rights remedies and claims of the Promoter and the other obligations and liabilities of the Allottee hereunder.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

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Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Unit and the Allottee fails to pay the entire dues of the Allottee within the time stipulated in the notice or is in default in compliance of any of his other obligations hereunder, then notwithstanding the fact that the Promoter shall withhold possession of the Unit on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the Designated Apartment shall commence on the expiry or days of issuance of such Notice of Possession or date of expiry of the time stipulated in such Notice, whichever be earlier, as aforesaid (“Liability Commencement Date”). Furthermore, with effect from the Liability Commencement Date and until the Allottee pays all its dues towards the Promoter and the Designated Apartment and remedies the concerned default and takes physical possession of the Unit, the Allottee shall be liable for all consequences of failure of compliance of House Rules and shall also be liable to pay to the Promoter a predetermined sum calculated @Rs@ Rs. 50/- 5/- (Rupees fiftyfive) only (plus applicable GST) per Square foot per month of the built-up area in respect of the Designated Apartment towards withholding charges. This shall be without prejudice to the other rights remedies and claims of the Promoter and the other obligations and liabilities of the Allottee hereunder.

Appears in 1 contract

Samples: Sale Agreement

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Unit and the Allottee fails to pay the entire dues of the Allottee within the time stipulated in the notice or is in default in compliance of any of his other obligations hereunder, then notwithstanding the fact that the Promoter shall withhold possession of the Unit on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the Designated Apartment shall commence on the expiry or days of issuance of such Notice of Possession or date of expiry of the time stipulated in such Notice, whichever be earlier, as aforesaid (“Liability Commencement Date”). Furthermore, with effect from the Liability Commencement Date and until the Allottee pays all its dues towards the Promoter and the Designated Apartment and remedies the concerned default and takes physical possession of the Unit, the Allottee shall be liable for all consequences of failure of compliance of House Rules and shall also be liable to pay to the Promoter a predetermined sum calculated @Rs@ Rs. 50/- /- (Rupees fifty) only (plus applicable GST) per Square foot per month of the built-up area in respect of the Designated Apartment towards withholding charges. This shall be without prejudice to the other rights remedies and claims of the Promoter and the other obligations and liabilities of the Allottee hereunder.

Appears in 1 contract

Samples: Sale Agreement

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Unit and the Allottee fails to pay the entire dues of the Allottee within the time stipulated in the notice or is in default in compliance of any of his other obligations hereunder, then notwithstanding the fact that the Promoter shall withhold possession of the Unit on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the Designated Apartment shall commence on the expiry or days of issuance of such Notice of Possession or date of expiry of the time stipulated in such Notice, whichever be earlier, the notice as aforesaid (“Liability Commencement Date”). Furthermore, with effect from the Liability Commencement Date and until the Allottee pays all its dues towards the Promoter and the Designated Apartment and remedies the concerned default and takes physical possession of the Unit, the Allottee shall be liable for all consequences of failure of compliance of House Rules and shall also be liable to pay to the Promoter a predetermined sum calculated @Rs. 50/- 10/- (Rupees fiftyRupeesten ) only per Square foot per month of the built-up area in respect of the Designated Apartment towards withholding charges. This shall be without prejudice to the other rights remedies and claims of the Promoter and the other obligations and liabilities of the Allottee hereunder.

Appears in 1 contract

Samples: Sale Agreement

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Unit Designated House Building and the Allottee fails to pay the entire dues of the Allottee within the time stipulated in the notice or is in default in compliance of any of his other obligations hereunder, then notwithstanding the fact that the Promoter shall withhold possession of the Unit Designated House Building on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the Designated Apartment House Building shall commence on the expiry or days of issuance of such Notice of Possession or date of expiry of the time stipulated in such Notice, whichever be earlier, the notice as aforesaid (hereinafter referred to as “Liability Commencement Date”). Furthermore, with effect from the Liability Commencement Date and until the Allottee pays all its dues towards the Promoter and the Designated Apartment House Building and remedies the concerned default and takes physical possession of the UnitDesignated House Building, the Allottee shall be liable for all consequences of failure of compliance of House Rules and shall also be liable to pay to the Promoter a predetermined sum calculated @Rsof Rs. 50/- (Rupees fifty) only per Square foot 30000/- per month of the built-up area in respect of the Designated Apartment towards withholding charges. This shall be without prejudice to the other rights remedies and claims of the Promoter and the other obligations and liabilities of the Allottee hereunder.

Appears in 1 contract

Samples: Sale Agreement

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Unit and the Allottee fails to pay the entire dues of the Allottee within the time stipulated in the notice or is in default in compliance of any of his other obligations hereunder, then notwithstanding the fact that the Promoter shall withhold possession of the Unit on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the Designated Apartment shall commence on the expiry or days of issuance of such Notice of Possession or date of expiry of the time stipulated in such Notice, whichever be earlier, as aforesaid (“Liability Commencement Date”). Furthermore, with effect from the Liability Commencement Date and until the Allottee pays all its dues towards the Promoter and the Designated Apartment and remedies the concerned default and takes physical possession of the Unit, the Allottee shall be liable for all consequences of failure of compliance of House Rules and shall also be liable to pay to the Promoter a predetermined sum calculated @Rs. 50/- /- (Rupees fifty) only per Square foot per month of the built-up area in respect of the Designated Apartment towards withholding charges. This shall be without prejudice to the other rights remedies and claims of the Promoter and the other obligations and liabilities of the Allottee hereunder.

Appears in 1 contract

Samples: Sale Agreement

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Unit and the Allottee fails to pay the entire dues of the Allottee within the time stipulated in the notice or is in default in compliance of any of his other obligations hereunder, then notwithstanding the fact that the Promoter shall withhold possession of the Unit on account of such failure or default of the Allottee, the Allottee’s Allottee‟s liability to pay the Taxes and Outgoings in respect of the Designated Apartment shall commence on the expiry or 30 days of issuance of such Notice of Possession or date of expiry of the time stipulated in such Noticenotice, whichever be earlier, as aforesaid (“Liability Commencement Date”). Furthermore, with effect from the Liability Commencement Date and until the Allottee pays all its dues towards the Promoter and the Designated Apartment and remedies the concerned default and takes physical possession of the Unit, the Allottee shall be liable for all consequences of failure of compliance of House Rules and shall also be liable to pay to the Promoter a predetermined sum calculated @Rs. 50/- /- (Rupees fifty) only per Square foot per month of the built-up area in respect of the Designated Apartment towards withholding charges. This shall be without prejudice to the other rights remedies and claims of the Promoter and the other obligations and liabilities of the Allottee hereunder.

Appears in 1 contract

Samples: Partnership Agreement

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Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Unit and the Allottee fails to pay the entire dues of the Allottee within the time stipulated in the notice or is in default in compliance of any of his other obligations hereunder, then notwithstanding the fact that the Promoter shall withhold possession of the Unit on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the Designated Apartment shall commence on the expiry or 30 days of issuance of such Notice of Possession or date of expiry of the time stipulated in such Notice, whichever be earlier, as aforesaid (“Liability Commencement Date”). Furthermore, with effect from the Liability Commencement Date and until the Allottee pays all its dues towards the Promoter and the Designated Apartment and remedies the concerned default and takes physical possession of the Unit, the Allottee shall be liable for all consequences of failure of compliance of House Rules and shall also be liable to pay to the Promoter a predetermined sum calculated @Rs. 50/- /- (Rupees fifty) only per Square foot per month of the built-up area in respect of the Designated Apartment towards withholding charges. This shall be without prejudice to the other rights remedies and claims of the Promoter and the other obligations and liabilities of the Allottee hereunder.

Appears in 1 contract

Samples: Sale Agreement

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Unit and the Allottee fails to pay the entire dues of the Allottee within the time stipulated in the notice or is in default in compliance of any of his other obligations hereunder, then notwithstanding the fact that the Promoter shall withhold possession of the Unit on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the Designated Apartment shall commence on the expiry or days of issuance of such Notice of Possession or date of expiry of the time stipulated in such Notice, whichever be earlier, the notice as aforesaid (“Liability Commencement Date”). Furthermore, with effect from the Liability Commencement Date and until the Allottee pays all its dues towards the Promoter and the Designated Apartment and remedies the concerned default and takes physical possession of the Unit, the Allottee shall be liable for all consequences of failure of compliance of House Rules and shall also be liable to pay to the Promoter a predetermined sum calculated @Rs. 50/- (Rupees fifty) only per Square foot per month of the built-up area in respect of the Designated Apartment towards withholding charges. This shall be without prejudice to the other rights remedies and claims of the Promoter and the other obligations and liabilities of the Allottee hereunder.

Appears in 1 contract

Samples: Sale Agreement

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Unit and the Allottee fails to pay the entire dues of the Allottee within the time stipulated in the notice or is in default in compliance of any of his other obligations hereunder, then notwithstanding the fact that the Promoter shall withhold possession of the Unit on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the Designated Apartment shall commence on the expiry or 15 days of issuance of such Notice of Possession or date of expiry of the time stipulated in such Noticenotice, whichever be earlier, as aforesaid (“Liability Commencement Date”). Furthermore, with effect from the Liability Commencement Date and until the Allottee pays all its his dues towards the Promoter and the Designated Apartment and remedies the concerned default and takes physical possession of the Unit, the Allottee shall be liable for all consequences of failure of compliance of House Rules and shall also be liable to pay to the Promoter a predetermined sum calculated @Rslumpsum of Rs. 50/- (Rupees fifty) only per Square foot per month of the built-up area in respect of the Designated Apartment towards withholding holding charges. This shall be without prejudice to the other rights remedies and claims of the Promoter and the other obligations and liabilities of the Allottee hereunder.

Appears in 1 contract

Samples: Agreement for Sale

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