MANDATORY OBLIGATIONS OF THE PARTIES. Nothing contained in these presents shall be construed to confer upon the Buyer any right, title or interest of any kind whatsoever in to or over the said land of building or any part thereof, such conferment to take place only upon the execution of the conveyance to a Limited Company or a Co-operative Housing Society to be formed by the Buyers of different flats in the said building as hereinafter stated. Until the building is transferred to the proposed Co-operative Housing Society or Limited Company the Sellers shall have a right to raise storeys or put up additional structures as may be permitted by the municipal corporation and other competent authorities. Such additional structures and storeys will be the sole property of the Sellers who will be entitled to dispose it off in any way they choose, and the Buyer hereby consents to the same and shall not be entitled to raise any objection or set up any obstruction thereto. The terrace of the building including the parapet wall shall always be the property of the Sellers and the agreement with the Buyers and all other purchasers of Flat in the said building shall be subject to the aforesaid right of the Sellers who shall be entitled to use the said terrace including the parapet wall for any purpose including the display of advertisements and sign-boards and the Buyer shall not be entitled to raise any objection or to claim any abatement in the price of the tenement agreed to be acquired by him and/or any compensation or damages on the ground of inconvenience or any other ground whatsoever. The Buyer shall from the date of receipt by him of the notice from the Sellers to take possession of the Flat regularly and every month pay in advance by the 1st. week provisional amount of Rs. [[Amount in Rupees]] towards taxes, outgoings and expenses mentioned in the Second Schedule hereto and/or any other taxes or outgoings to be levied hereafter and not covered by the said Schedule. The Buyer hereby agrees to deposit within [[No. Of days]] days from receipt of the said notice and to keep Rs. [[Amount in Rupees]] deposited with the Sellers towards the performance of the terms and conditions of this Agreement. The said deposit shall carry no interest. The balance of the said deposit, after deducting there from arrear of taxes, outgoings and expenses mentioned in the Second Schedule and the expenses incurred in the formation of Co-operative Housing Society or Limited Company will be refunded when the Co-operative Housi...
MANDATORY OBLIGATIONS OF THE PARTIES. (1) not disclose any Confidential Information to any person except to its employees or authorized agents who have a "need to know" to enable the Party to fulfill its obligations hereunder, except with the other Party’s specific prior written authorization;
MANDATORY OBLIGATIONS OF THE PARTIES. A sum equivalent to [[Percent]] per cent of the total contract amount payable by the owner under this agreement shall be retained by the owner as retention money, which shall be paid after a period of [[No. of months]] from the date of handing over the said bungalow complete in all respects and fit for occupation. The builders shall undertake to rectify all such defects as may be found or detected during the period of [[no. of months]]. If the builders fail to rectify the defects pointed out or decline to cure such defects as pointed by the owner within [[No. of days]] from the date of reporting to the builders, the owner shall be entitled to have such defect secured by such other agencies as it may deem fit at the entire cost and risk of the builders and utilise the retention money; Provided further that in the event of the said retention money being inadequate to meet such costs, charges and expenses incurred by the owner for curing the defects in the construction, the builders shall within [[No. of days]] of a demand in writing made by the owner make good the defect, failing which the builders shall be liable to pay the same together with the interest at [[Percent]] % per annum The employer or the builder shall not assign, sublet or transfer their interest in this agreement without the written consent of the other. This agreement shall be executed in duplicate, the original shall be retained by the owner and the duplicate by the builders. CONSTRUCTION COST The construction cost shall not exceed [[Amount in Rs.]] per square meter and should conform to the norms of market. The construction cost shall not include:-
MANDATORY OBLIGATIONS OF THE PARTIES. In the event of the hiring being determined hereof, the hirer shall forthwith at his own risk and cost peaceably return the said furniture to the owner at the owner’s address for the time being and in the event of the hirer failing to do so, the owner may retake possession of the said furniture and for that purpose the owner himself, his servants or agents may enter upon any premises in which the said furniture is believed by the owner to be kept and the hirer shall pay to the owner the hire-purchase price of the goods less the aggregate of—
MANDATORY OBLIGATIONS OF THE PARTIES. On the Hirer exercising the option and paying the price of the machinery and equipment and other moneys as mentioned in clause 25 above to the Company the sale of the said machinery and equipment to the Hirer shall be deemed to be complete as on the date the option comes into operation. But until then, the Company will continue to be the owner thereof. If, however, the Hirer fails to pay the amount due and payable to the Company as aforesaid at or before the date from which the option is to become effective, this agreement shall stand terminated and the Hirer will return the machinery and equipment to the Company forthwith in good working condition as aforesaid. FEES AND EXPENSES The hire-purchase price of the said machinery and equipment fixed at Rs. [[Amount]] exclusive of the deposit amount mentioned in the next clause and the cost price fixed at Rs. [[Amount]] is accepted by both the parties hereto. The Hirer has paid to the Company on the execution of this agreement a sum of Rs. [[Amount]] as deposit or xxxxxxx which will be adjusted against the hire purchase price of the said machinery and equipment, if the Hirer exercises the option to purchase the same as hereinafter mentioned. If the Hirer does not exercise the said option or the agreement is terminated before the exercise of such option then the said amount of deposit will be returned to the Hirer by the Company on the expiration or sooner determination of this agreement, subject to deduction of any claim which the Company may have against the Hirer under or by virtue of this agreement or in law, including the cost price of the said machinery and equipment. During the pendency of this agreement the Hirer shall pay to the Company by equal monthly installments a sum of Rs. [[Amount]] as hire charges, in advance, the first of such payments to be made on the execution of this agreement and each subsequent monthly payment will be made on or before the [[Date]] day of such each succeeding month hereafter. The payment will be made at the registered office of the Company by cash only or by cheque in the name of the Company.
MANDATORY OBLIGATIONS OF THE PARTIES. The Developer will give and the Tenant will occupy a similar flat at ________ [[Address]]] with similar accommodation of about __________ sq. Ft. covered area at the monthly rent of ________ [[Amount in Rs.]] payable to the Developer and continue to remain in occupation till a flat in the new building to be constructed at premises ______ [[Address]] is offered to the Tenant by the Developer. The Tenant will have the option to purchase the flat instead of being a Tenant therein after at a price to be mutually settled on completion of the new building. In consideration of the Tenant vacating the said flat in the existing building at the said premises at the request of the Developer and the Confirming Party, the Confirming Party hereby guarantees and undertakes the implementation of the terms and conditions herein to be performed by the Developer. Copies of the Development Agreement dated _______ [[Date]] and Power of Attorney dated ______ [[Date]] have been furnished to the Tenant and the Tenant has satisfied himself in all respects and has agreed to these presents.
MANDATORY OBLIGATIONS OF THE PARTIES. The Owner’s nominated Architect will supervise the work but shall not be responsible for proper implementation of these presents by the Contractor. In case of difference of opinion on any point relating to construction of the said multi- storeyed building between the Owner’s nominated Architect and the Contractor, the opinion or the decision of the nominated Architect will prevail and the Contractor will give due effect to the opinion or decision of the nominated Architect. Any suggestion by the Owner for additions or alterations in/or construction of the said multi-storeyed building but within the sanctioned plan if certified by the nominated Architect to be feasible then the Contractor shall be under obligation to carry out such addition or alteration at the cost of the Owner.
MANDATORY OBLIGATIONS OF THE PARTIES. The Owner’s nominated Architect will supervise the work but shall not be responsible for proper implementation of these presents by the Contractor. In case of difference of opinion on any point relating to construction of the said multi- storeyed building between the Owner’s nominated Architect and the Contractor, the opinion or the decision of the nominated Architect will prevail and the Contractor will give due effect to the opinion or decision of the nominated Architect. Any suggestion by the Owner for additions or alterations in/or construction of the said multi-storeyed building but within the sanctioned plan if certified by the nominated Architect to be feasible then the Contractor shall be under obligation to carry out such addition or alteration at the cost of the Owner. CONSTRUCTION COST The construction cost shall not exceed [[Amount in Rs.]] per square meter and should conform to the norms of market. The construction cost shall not include:-
MANDATORY OBLIGATIONS OF THE PARTIES. The Stamp Duty and Registration Fees and other incidental expenses of this Indenture shall be paid and borne by the Developer and the Purchaser in equal proportion The Developer and Confirming Party undertake to deliver all relevant Title Deeds to the Association of the Flat Owners of the said building as and when formed and the Managing Committee of the said Association shall hold the Title Deeds as Trustees to be made available to any flat owner or to any authority for inspection and where necessary for production but that the Trustees shall not part with the Title Deeds.
MANDATORY OBLIGATIONS OF THE PARTIES. The agreement is personal to the hirer and the rights of the hirer shall not be assignable in favour of third party. If the hirer shall duly perform and observe all the stipulations and conditions in this agreement contained on his part to be performed and observed and shall pay to the owner monthly sums by way of rent amounting together with the sum paid for the option to purchase to the sum of Rs. [[Amount]] and shall also pay all other sums of money which may become payable to him by the hirer under this agreement, the hiring shall come to an end and the said car shall become the property of the hirer and the owner will assign and make over all his rights and interest in the same to the hirer but until all such payments as aforesaid have been made, the said car will remain the property of the owner. In consideration of the owner letting the said car to the hirer as hereinabove, the surety hereby guarantees the due payment of the rents and all other sums of money which may become payable by the hirer under these presents and the performance and observance of the said agreements and conditions by the hirer and the surety agrees that this guarantee will not be prejudiced by the owner neglecting or forbearing promptly to enforce this agreement against the hirer or giving time for the payment of the rents when due or delaying to take any steps to enforce the observance or performance of the said agreement.
