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 Apartment 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 Apartment on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the said Apartment shall commence on the date of expiry of the time stipulated in 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 said Apartment and remedies the concerned default and takes physical possession of the Apartment, 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.10,000/- per month towards withholding charges.

Appears in 2 contracts

Samples: Agreement for Transfer, Agreement for Transfer

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Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Apartment Villa 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 hereunderhere under, then notwithstanding the fact that the Promoter shall withhold possession of the Apartment Villa on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the said Apartment Villa shall commence on the date of expiry of the time stipulated in 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 said Apartment Villa and remedies the concerned default and takes physical possession of the ApartmentVilla, 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.10,000/- @Rs.15000/- per month towards withholding charges.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

Liability Commencement Date. In case the Promoter issues Promoters issue notice to the Allottee to take possession of the Apartment 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 its other obligations hereunder, then notwithstanding the fact that the Promoter Promoters shall withhold possession of the Apartment on account of such failure or default of the Allottee, the Allottee’s 's liability to pay the Taxes and Outgoings in respect of the said Apartment shall commence on the date of expiry of the time stipulated in 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 Promoters and the said Apartment and remedies the concerned default and takes physical possession of the Apartment, the Allottee shall be he liable for all consequences [of failure of compliance of House Rules and shall also be liable to pay to the Promoter Promoters a predetermined sum calculated @Rs.10,000/- @Rs.l0,000/-(Rupees Ten Thousand) per month towards withholding charges.

Appears in 1 contract

Samples: Sale Agreement

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Apartment Villa 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 complianceofanyofhisotherobligationshereunder,thennotwithstandingthefact that the Promoter shall withhold possession of the Apartment Villa on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the said Apartment saidVilla shall commence on the date of expiry of the time stipulated in 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 said Apartment Villa and remedies the concerned default and takes physical possession of the ApartmentVilla, the Allottee shall be liable for all consequences [of failure of compliance of House Rules HouseRules and shall also be liable to pay to the Promoter a predetermined sum calculated @Rs.10,000/- @Rs.15000/- per month towards withholding charges.

Appears in 1 contract

Samples: 202.61.117.163

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Apartment 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 Apartment 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 said Apartment Unit shall commence on the date of expiry of the time stipulated in 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 said Apartment Unit and remedies the concerned default and takes physical possession of the ApartmentUnit, 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.10,000/- @Rs. /- per month towards withholding charges.

Appears in 1 contract

Samples: Draft Format

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Apartment 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 Apartment on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the said Apartment shall commence on the date of expiry of the time stipulated in 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 in respect of the said Apartment and remedies the concerned default and takes physical possession of the Apartment, 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.10,000/- per month towards withholding charges.

Appears in 1 contract

Samples: Agreement for Sale

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Apartment 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 Apartment on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the said Apartment shall commence on the date of expiry of the time stipulated in 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 said Apartment and remedies the concerned default and takes physical possession of the Apartment, 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.10,000/- @Rs.5,000/- per month towards withholding charges.

Appears in 1 contract

Samples: Agreement for Assignment

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Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Apartment 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 Apartment 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 said Designated Apartment shall commence on the date of expiry of the time stipulated in 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 said Designated Apartment and remedies the concerned default and takes physical possession of the ApartmentUnit, 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.10,000/- @Rs.3/- (Rupees three) only per Square feet per month of the carpet area of the Unit towards withholding charges.

Appears in 1 contract

Samples: Agreement for Sale

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Apartment 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 Apartment on account of such failure or default of the Allottee, the Allottee’s liability to pay the Taxes and Outgoings in respect of the said Designated Apartment shall commence on the date of expiry of the time stipulated in 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 said Said Apartment and Properties Appurtenant thereto and remedies the concerned default and takes physical possession of the Apartment, 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.10,000/- @Rs. 5000 per month of the Apartment towards withholding charges.

Appears in 1 contract

Samples: Agreement for Assignment

Liability Commencement Date. In case the Promoter issues notice to the Allottee to take possession of the Apartment 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 Apartment 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 said Designated Apartment shall commence on the date of expiry of the time stipulated in 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 said Designated Apartment and remedies the concerned default and takes physical possession of the ApartmentUnit, 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.10,000/- @Rs. per Square feet per month of the carpet area of the Unit towards withholding charges.

Appears in 1 contract

Samples: shalimar.edensolaris.com

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