Common use of MORTGAGE OR CREATION OF CHARGE Clause in Contracts

MORTGAGE OR CREATION OF CHARGE. 15.1 After the Promoter executes this Agreement it shall not mortgage or create a charge on the Apartment and if any such mortgage or charge is made or created, then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment.

Appears in 5 contracts

Samples: Agreement for Sale, Draft Agreement to Lease, Draft Agreement to Lease

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MORTGAGE OR CREATION OF CHARGE. 15.1 16.1 After the Promoter executes this Agreement it shall not mortgage or create a charge on the Apartment and if any such mortgage or charge is made or created, then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

MORTGAGE OR CREATION OF CHARGE. 15.1 15.1. After the Promoter executes this Agreement it shall not mortgage or create a charge on the Apartment and if any such mortgage or charge is made or created, then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment.

Appears in 1 contract

Samples: Agreement for Sale

MORTGAGE OR CREATION OF CHARGE. 15.1 After the Promoter executes this Agreement it he shall not mortgage or create a charge on the Apartment Flat and if any such mortgage or charge orcharge is made or created, then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such ApartmentFlat.

Appears in 1 contract

Samples: Agreement for Sale

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MORTGAGE OR CREATION OF CHARGE. 15.1 After the Promoter Sellers executes this Agreement it shall not mortgage or create a charge on the Apartment and if any such mortgage or charge is made or created, then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment.

Appears in 1 contract

Samples: Agreement

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