Common use of Management and Maintenance of the Township Clause in Contracts

Management and Maintenance of the Township. “Township Maintenance” (a) The proposed Township comprises of areas intended to be used for other purposes and as indicated in this Agreement, are in no way, directly, indirectly or in any manner whatsoever, connected to this Project. The brochure and/or other advertising materials in any format made available in public domain are merely to acquaint the Allottee/s with the Township along-with the Project, and such brief description of the overall development plan is not intended to convey to the Allottee/s any impression of any right, title or interest in any of the zones to be developed in or about the land(s) falling outside the Project. (b) The Allottee/s acknowledge/s and accepts that the Township is being developed – in phases with diverse product clusters that are intended to be applied to different uses. The Promoter shall have the right and absolute authority to deal with the land comprising the entire Township, phasing of zones, Project Common Areas, infrastructure and facilities including but not limited to the creation of further rights in favour of any other party at their sole discretion. In furtherance thereof, the Promoter shall have the absolute right and entitlement to enter into any agreements and/or arrangements, including but not limited to agreements for transfer or parting of possession with any parcels of land in which Township is comprised, and the Allottee/s hereby agree/s not to raise any objections or disputes regarding the same. (c) The Allottee/s further acknowledge/s and accept/s that the Township is being developed in phases and the Allottee/s shall not raise any objection and impediment to the same. The Promoter is free and entitled to carry on development activities on the said balance portions/phase at any time as they deem fit and the Allottee/s of the Project will not have any right to object to such development or claim any interest therein. (d) The Promoter shall be responsible for the maintenance of the Township, its infrastructure including but not limited to Township roads, entry scape, street lighting, drainages, electricity, parks, gardens and facilities as developed by the Promoter over a period of time. The same shall be referred to as the “Township Maintenance”. The Promoter may also entrust the Township Maintenance to one or more Maintenance Company(ies) of its choice for the specified period as the Promoter may deem fit. The Promoter shall continue with the maintenance as above till the handover of the same to the concerned Local Authority or any other Governmental Agency(ies) in stages as may be applicable. (e) The Allottee/s shall pay Township Maintenance Charges at the rate of Rs. 1.30/- (Rupees one and thirty paisa only) per month per square feet of the Built-up Area of the Apartment for maintenance of the Township (“Township Maintenance Charges”). The above rates are based on the preliminary estimate made by the Promoter as on date. Final rate of maintenance charge shall be decided by the Promoter and informed to the Allottee/s before possession. (f) The Allottee/s will be required to pay the Promoter in advance a sum equivalent to 24 (twenty-four) months of Township Maintenance Charges as intimated by the Promoter before taking possession of the Apartment as “Advance Township Maintenance Charges”. (g) The Township Maintenance Charges shall become payable by the Allottee/s as aforesaid on and from the Possession Date or a date as decided by the Promoter. For a period of 24 (twenty-four) months from the date of completion, the Promoter shall use the Advance Township Maintenance Charges received from the Allottee/s. After the completion of the said period, the Allottee/s shall be responsible to pay the Township Maintenance Charges to the Promoter by 7th (seventh) of each month in advance without any abatement. (h) In the event the Promoter finds the aforesaid sums being insufficient to meet the Township Maintenance Charges for any reason including in case of escalation in the cost of labour and other materials used for Township Maintenance, the Promoter shall be entitled to seek proportionate increase in these charges. (i) Any tax liability on account of Township Maintenance Charges shall be borne by the Allottee/s.

Appears in 1 contract

Samples: Sale Agreement

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Management and Maintenance of the Township. “Township Maintenance”: (a) The proposed Township comprises of areas intended to be used for other purposes and as indicated in this Agreement, are in no way, directly, indirectly or in any manner whatsoever, connected to this Project Sunshine One /Total Project. The brochure and/or other advertising materials in any format made available in public domain are merely to acquaint the Allottee/s with the Township along-along with Project Sunshine One as well as the Total Project, and such brief description of the overall development plan is not intended to convey to the Allottee/s any impression of any right, title or interest in any of the zones to be developed in or about the land(s) falling outside the ProjectProject Sunshine One. (b) The Allottee/s acknowledge/s and accepts that the Township is being developed – in phases over a period of time, as per the Owner’s decision with diverse product clusters that are intended to be applied to different uses. The Promoter Owner shall have the right and absolute authority to deal with the land comprising the entire Township, phasing of zones, Project Common Areas, infrastructure and facilities including but not limited to to, the creation of further rights in favour of any other party at their sole discretion. In furtherance thereof, the Promoter Owner shall have the absolute right and entitlement to enter into any agreements and/or arrangements, including but not limited to to, agreements for transfer or parting of possession with any parcels of land in which Township is comprised, comprised and the Allottee/s hereby agree/s agree to not to raise any objections or disputes regarding the same. (c) The Allottee/s further acknowledge/s and accept/s that the Township is being developed in phases and the Allottee/s shall not raise any objection and impediment to the same. The Promoter Owner is free and entitled to carry on /cause to carry on any development activities on the said balance portions/phase at any time as they deem fit and the Allottee/s of the Project Sunshine One will not have any right to object to such development or claim any interest therein. (d) The Promoter Owner shall be responsible for the maintenance of the Township, its infrastructure including but not limited to Township roads, entry scape, street lighting, drainages, electricity, parks, gardens and facilities as developed by the Promoter Promoter/ Owner over a period of time. The same shall be referred to as the “Township Maintenance”. The Promoter Owner may also entrust the Township Maintenance to one or more Maintenance Company(ies) of its choice for the specified period as the Promoter may deem fit. The Promoter Owner shall continue with the maintenance as above till the handover of the same to the concerned Local Authority local authority or any other Governmental Agency(ies) in stages as may be applicable. It is however clarified that the Owner is not the developer of Project Sunshine One, the development of which shall be the sole responsibility of the Promoter. (e) The Allottee/s shall pay Township Maintenance Charges at the rate of Rs. 1.30/- (Rupees one and thirty paisa only) per month per square feet of the Built-up Area of the Apartment for maintenance of the Township (“Township Maintenance Charges”). The above rates are based on the preliminary estimate made It is clearly stated by the Promoter as on date. Final rate of maintenance charge shall be decided by the Promoter and informed to the Allottee/s before possession. (f) The Allottee/s will be required to pay Allottee that the Promoter in advance Project Sunshine One and the Total Project is a sum equivalent to 24 (twenty-four) months of Township Maintenance Charges as intimated by the Promoter before taking possession part / subset of the Apartment as “Advance integrated Township Maintenance Charges”. (g) The Township Maintenance Charges shall become payable by the Allottee/s as aforesaid on and from the Possession Date or a date as decided by the Promoter. For a period of 24 (twenty-four) months from the date of completion, the Promoter shall use the Advance Township Maintenance Charges received from the Allottee/s. After the completion of the said period, the Allottee/s shall be responsible to pay the Township Maintenance Charges to the Promoter by 7th (seventh) of each month in advance without any abatement. (h) In the event the Promoter finds the aforesaid sums being insufficient to meet the Township Maintenance Charges for any reason including in case of escalation in the cost of labour and other materials used for Township Maintenance, the Promoter shall be entitled to seek proportionate increase in these charges. (i) Any tax liability on account of Township Maintenance Charges shall be borne by the Allottee/s.i.

Appears in 1 contract

Samples: Sale Agreement

Management and Maintenance of the Township. “Township Maintenance” (a) The proposed Township comprises of areas intended to be used for other purposes and as indicated in this Agreement, are in no way, directly, indirectly or in any manner whatsoever, connected to this the Said Sub- Phase I Project /Total Project. The brochure and/or other advertising materials in any format made available in public domain are merely to acquaint the Allottee/s with the Township along-with the Said Sub- Phase I Project/Total Project, and such brief description of the overall development plan is not intended to convey to the Allottee/s any impression of any right, title or interest in any of the zones to be developed in or about the land(s) falling outside the Said Sub- Phase I Project. (b) The Allottee/s acknowledge/s and accepts that the Township is being developed – in phases with diverse product clusters that are intended to be applied to different uses. The Promoter Owner shall have the right and absolute authority to deal with the land comprising the entire Township, phasing of zones, Said Sub- Phase I Project Common Areas, infrastructure and facilities including but not limited to the creation of further rights in favour of any other party at their sole discretion. In furtherance thereof, the Promoter Owner shall have the absolute right and entitlement to enter into any agreements and/or arrangements, including but not limited to agreements for transfer or parting of possession with any parcels of land in which Township is comprised, and the Allottee/s hereby agree/s not to raise any objections or disputes regarding the same. (c) The Allottee/s further acknowledge/s and accept/s that the Township is being developed in phases and the Allottee/s shall not raise any objection and impediment to the same. The Promoter Owner is free and entitled to carry on development activities on the said balance portions/phase at any time as they deem fit and the Allottee/s of the Said Sub- Phase I Project will not have any right to object to such development or claim any interest therein. (d) The Promoter Owner shall be responsible for the maintenance of the Township, its infrastructure including but not limited to Township roads, entry scape, street lighting, drainages, electricity, parks, gardens and facilities as developed by the Promoter over a period of time. The same shall be referred to as the “Township Maintenance”. The Promoter Owner may also entrust the Township Maintenance to one or more Maintenance Company(ies) of its choice for the specified period as the Promoter may deem fit. The Promoter Owner shall continue with the maintenance as above till the handover of the same to the concerned Local Authority or any other Governmental Agency(ies) in stages as may be applicable. (e) The Allottee/s shall pay Township Maintenance Charges at the rate of Rs. 1.30/- Rs /- (Rupees one and thirty paisa -- ----- only) per month per square feet of the Built-up Area of the Apartment for maintenance of the Township (“Township Maintenance Charges”). The above rates are based on the preliminary estimate made by the Promoter Owner as on date. Final rate of maintenance charge shall be decided by the Promoter Owner and informed to the Allottee/s before possession. (f) The Allottee/s will be required to pay the Promoter in advance a sum equivalent to 24 (twenty-four…………. ( ) months of Township Maintenance Charges as intimated by the Promoter before taking possession of the Apartment as “Advance Township Maintenance Charges”. (g) The Township Maintenance Charges shall become payable by the Allottee/s as aforesaid on and from the Possession Date or a date as shall be decided by the PromoterOwner. For a period of 24 (twenty-four) months from the date of completion, the Promoter The Owner shall use the Advance Township Maintenance Charges received from the Allottee/s. s for a period of ………….(……………) months from the date of completion,. After the completion of the said period, the Allottee/s shall be responsible to pay the Township Maintenance Charges to the Promoter Owner by 7th (seventh) of each month in advance without any abatement. (h) In the event the Promoter Owner finds the aforesaid sums being insufficient to meet the Township Maintenance Charges for any reason including in case of escalation in the cost of labour and other materials used for Township Maintenance, the Promoter Owner shall be entitled to and reserve their right to seek proportionate increase in these charges. (i) Any tax liability , present or future, on account of Township Maintenance Charges shall be borne by the Allottee/s.

Appears in 1 contract

Samples: Sale Agreement

Management and Maintenance of the Township. “Township Maintenance” (a) The proposed Township comprises of areas intended to be used for other purposes and as indicated in this Agreement, are in no way, directly, indirectly or in any manner whatsoever, connected to this Project. The brochure and/or other advertising materials in any format made available in public domain are merely to acquaint the AllotteePurchaser/s with the Township along-with the Project, and such brief description of the overall development plan is not intended to convey to the AllotteePurchaser/s any impression of any right, title or interest in any of the zones to be developed in or about the land(s) falling outside the Project. (b) The AllotteePurchaser/s acknowledge/s and accepts that the Township is being developed – in phases a development with diverse product clusters that are intended to be applied to different uses. The Promoter Seller shall have the right and absolute authority to deal with the land comprising the entire Township, phasing of zones, Project Common Areas, infrastructure and facilities including but not limited to the creation of further rights in favour of any other party at their sole discretion. In furtherance thereof, the Promoter Seller shall have the absolute right and entitlement to enter into any agreements and/or arrangements, including but not limited to agreements for transfer or parting of possession with any parcels of land in which Township is comprised, and the AllotteePurchaser/s hereby agree/s not to raise any objections or disputes regarding the same. (c) The AllotteePurchaser/s further acknowledge/s and accept/s that the Township is being developed in phases and the AllotteePurchaser/s shall not raise any objection and impediment to the same. The Promoter Seller is free and entitled to carry on development activities on the said balance portions/phase at any time as they deem fit and the AllotteePurchaser/s of the Project will not have any right to object to such development or claim any interest therein. (d) The Promoter Seller shall be responsible for the maintenance of the Township, its infrastructure including but not limited to Township roads, entry scape, street lighting, drainages, electricity, parks, gardens and facilities as developed by the Promoter Seller over a period of time. The same shall be referred to as the “Township Maintenance”. The Promoter Seller may also entrust the Township Maintenance to one or more Maintenance Company(ies) of its choice for the specified period as the Promoter Seller may deem fit. The Promoter Seller shall continue with the maintenance as above till the handover of the same to the concerned Local Authority or any other Governmental Agency(ies) in stages as may be applicable. (e) The AllotteePurchaser/s shall pay Township Maintenance Charges at the rate of Rs. 1.30/- (Rupees one and thirty paisa only) per month per square feet of the Built-up Area of the Apartment for maintenance of the Township (“Township Maintenance Charges”). The above rates are based on the preliminary estimate made by the Promoter Seller as on date. Final rate of maintenance charge shall be decided by the Promoter Seller and informed to the AllotteePurchaser/s before possession. (f) The AllotteePurchaser/s will be required to pay the Promoter Seller in advance a sum equivalent to 24 (twenty-four) months of Township Maintenance Charges as intimated by the Promoter Seller before taking possession of the Apartment Unit as “Advance Township Maintenance Charges”. (g) The Township Maintenance Charges shall become payable by the AllotteePurchaser/s as aforesaid on and from the Possession Date or a date as decided by the PromoterSeller. For a period of 24 (twenty-four) months from the date of completion, the Promoter Seller shall use the Advance Township Maintenance Charges received from the AllotteePurchaser/s. After the completion of the said period, the AllotteePurchaser/s shall be responsible to pay the Township Maintenance Charges to the Promoter Seller by 7th (seventh) of each month in advance without any abatement. (h) In the event the Promoter Seller finds the aforesaid sums being insufficient to meet the Township Maintenance Charges for any reason including in case of escalation in the cost of labour and other materials used for Township Maintenance, the Promoter Seller shall be entitled to seek proportionate increase in these charges. (i) Any tax liability on account of Township Maintenance Charges shall be borne by the AllotteePurchaser/s.

Appears in 1 contract

Samples: Sale Agreement

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Management and Maintenance of the Township. “Township Maintenance”: (a) The proposed Township comprises of areas intended to be used for other development purposes and as may be indicated in this Agreement, are in no way, directly, indirectly or in any manner whatsoever, connected to this Project Sunshine Two /Total Project. The brochure and/or other advertising materials in any format made available in public domain are merely to acquaint the Allottee/s with the Township along-along with Project Sunshine Two as well as the Total Project, and such brief description of the overall development plan is not intended to convey to the Allottee/s any impression of any right, title or interest in any of the zones to be developed in or about the land(s) falling outside the ProjectProject Sunshine Two. (b) The Allottee/s acknowledge/s and accepts that the Township is being developed – in phases over a period of time, as per the Promoter’s decision with diverse product clusters that are intended to be applied to different uses. The Promoter Owner shall have the right and absolute authority to deal with the land comprising the entire Township, phasing of zones, Project Common Areas, infrastructure and facilities including but not limited to to, the creation of further rights in favour of any other party at their sole discretion. In furtherance thereof, the Promoter Owner shall have the absolute right and entitlement to enter into any agreements and/or arrangements, including but not limited to to, agreements for transfer or parting of possession with any parcels of land in which Township is comprised, comprised and the Allottee/s hereby agree/s agree to not to raise any objections or disputes regarding the same. (c) The Allottee/s further acknowledge/s and accept/s that the Township is being developed in phases and the Allottee/s shall not raise any objection and impediment to the same. The Promoter Owner is free and entitled to carry on /cause to carry on any development activities on the said balance portions/phase at any time as they deem fit and the Allottee/s of the Project Sunshine Two will not have any right to object to such development or claim any interest therein. (d) The Promoter Owner shall be responsible for the maintenance of the Township, its infrastructure including but not limited to Township roads, entry scape, street lighting, drainages, electricity, parks, gardens and facilities as developed by the Promoter Promoter/ Owner over a period of time. The same shall be referred to as the “Township Maintenance”. The Promoter Owner may also entrust the Township Maintenance to one or more Maintenance Company(ies) of its choice for the specified period as the Promoter may deem fit. The Promoter Owner shall continue with the maintenance as above above, till the handover of the same to the concerned Local Authority local authority or any other Governmental Agency(ies) in stages as may be applicable. It is however clarified that the Owner is not the developer of Project Sunshine Two, the development of which shall be the sole responsibility of the Promoter. (e) The Allottee/s shall pay Township Maintenance Charges at the rate of Rs. 1.30/- (Rupees one and thirty paisa only) per month per square feet of the Built-up Area of the Apartment for maintenance of the Township (“Township Maintenance Charges”). The above rates are based on the preliminary estimate made It is clearly stated by the Promoter as on date. Final rate of maintenance charge shall be decided by the Promoter and informed to the Allottee/s before possession. (f) The Allottee/s will be required to pay Allottee that the Promoter in advance Project Sunshine Two and the Total Project is a sum equivalent to 24 (twenty-four) months of Township Maintenance Charges as intimated by the Promoter before taking possession part / subset of the Apartment as “Advance integrated Township Maintenance Charges”. (g) The Township Maintenance Charges shall become payable by the Allottee/s as aforesaid on and from the Possession Date or a date as decided by the Promoter. For a period of 24 (twenty-four) months from the date of completion, the Promoter shall use the Advance Township Maintenance Charges received from the Allottee/s. After the completion of the said period, the Allottee/s shall be responsible to pay the Township Maintenance Charges to the Promoter by 7th (seventh) of each month in advance without any abatement. (h) In the event the Promoter finds the aforesaid sums being insufficient to meet the Township Maintenance Charges for any reason including in case of escalation in the cost of labour and other materials used for Township Maintenance, the Promoter shall be entitled to seek proportionate increase in these charges. (i) Any tax liability on account of Township Maintenance Charges shall be borne by the Allottee/s.i.

Appears in 1 contract

Samples: Sale Agreement

Management and Maintenance of the Township. “Township Maintenance”: (a) The proposed Township comprises of areas intended to be used for other development purposes and as may be indicated in this Agreement, are in no way, directly, indirectly or in any manner whatsoever, connected to this Project Symphony /Total Project. The brochure and/or other advertising materials in any format made available in public domain are merely to acquaint the Allottee/s with the Township along-along with Project Symphony as well as the Total Project, and such brief description of the overall development plan is not intended to convey to the Allottee/s any impression of any right, title or interest in any of the zones to be developed in or about the land(s) falling outside the ProjectProject Symphony. (b) The Allottee/s acknowledge/s and accepts that the Township is being developed – in phases over a period of time, as per the Promoter’s decision with diverse product clusters that are intended to be applied to different uses. The Promoter Owner shall have the right and absolute authority to deal with the land comprising the entire Township, phasing of zones, Project Common Areas, infrastructure and facilities including but not limited to to, the creation of further rights in favour of any other party at their sole discretion. In furtherance thereof, the Promoter Owner shall have the absolute right and entitlement to enter into any agreements and/or arrangements, including but not limited to to, agreements for transfer or parting of possession with any parcels of land in which Township is comprised, comprised and the Allottee/s hereby agree/s agree to not to raise any objections or disputes regarding the same. (c) The Allottee/s further acknowledge/s and accept/s that the Township is being developed in phases and the Allottee/s shall not raise any objection and impediment to the same. The Promoter Owner is free and entitled to carry on /cause to carry on any development activities on the said balance portions/phase at any time as they deem fit and the Allottee/s of the Project Symphony will not have any right to object to such development or claim any interest therein. (d) The Promoter Owner shall be responsible for the maintenance of the Township, its infrastructure including but not limited to Township roads, entry scape, street lighting, drainages, electricity, parks, gardens and facilities as developed by the Promoter Promoter/ Owner over a period of time. The same shall be referred to as the “Township Maintenance”. The Promoter Owner may also entrust the Township Maintenance to one or more Maintenance Company(ies) of its choice for the specified period as the Promoter may deem fit. The Promoter Owner shall continue with the maintenance as above above, till the handover of the same to the concerned Local Authority local authority or any other Governmental Agency(ies) in stages as may be applicable. It is however clarified that the Owner is not the developer of Project Symphony, the development of which shall be the sole responsibility of the Promoter. (e) The Allottee/s shall pay Township Maintenance Charges at the rate of Rs. 1.30/- (Rupees one and thirty paisa only) per month per square feet of the Built-up Area of the Apartment for maintenance of the Township (“Township Maintenance Charges”). The above rates are based on the preliminary estimate made It is clearly stated by the Promoter as on date. Final rate of maintenance charge shall be decided by the Promoter and informed to the Allottee/s before possession. (f) The Allottee/s will be required to pay Allottee that the Promoter in advance Project Symphony and the Total Project is a sum equivalent to 24 (twenty-four) months of Township Maintenance Charges as intimated by the Promoter before taking possession part / subset of the Apartment as “Advance integrated Township Maintenance Charges”. (g) The Township Maintenance Charges shall become payable by the Allottee/s as aforesaid on and from the Possession Date or a date as decided by the Promoter. For a period of 24 (twenty-four) months from the date of completion, the Promoter shall use the Advance Township Maintenance Charges received from the Allottee/s. After the completion of the said period, the Allottee/s shall be responsible to pay the Township Maintenance Charges to the Promoter by 7th (seventh) of each month in advance without any abatement. (h) In the event the Promoter finds the aforesaid sums being insufficient to meet the Township Maintenance Charges for any reason including in case of escalation in the cost of labour and other materials used for Township Maintenance, the Promoter shall be entitled to seek proportionate increase in these charges. (i) Any tax liability on account of Township Maintenance Charges shall be borne by the Allottee/s.i.

Appears in 1 contract

Samples: Sale Agreement

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