Common use of No Creation of Encumbrance Clause in Contracts

No Creation of Encumbrance. During the subsistence of this Agreement, subject to its right to obtain project loan as above, the Promoter shall not create any charge, mortgage, lien and/or shall not sell, transfer, convey and/or enter into any agreement with any person other than the Allottee in respect of the said Apartment, subject to the Allottee fulfilling all terms, conditions and obligations of this Agreement.

No Creation of Encumbrance. During the subsistence of this Agreement, subject to its right to obtain project loan as above, the Promoter shall not create any charge, mortgage, lien and/or shall not sell, transfer, convey and/or enter into any agreement with any person other than the Allottee Allottee(s) in respect of the said Apartment, subject to the Allottee Allottee(s) fulfilling all terms, conditions and obligations of this Agreement.

No Creation of Encumbrance. During the subsistence of this Agreement, subject to its right to obtain project loan as above, the Promoter Owner/Developer shall not create any charge, mortgage, lien and/or shall not sell, transfer, convey and/or enter into any agreement with any person other than the Allottee in respect of the said Apartment, subject to the Allottee fulfilling all terms, conditions and obligations of this Agreement. This may however not restrict the Owner/Developer in creating any charge, mortgage, lien over or in respect of any other apartment or spaces of the Project in terms of the Act or Rules.

No Creation of Encumbrance. During the subsistence of this Agreement, subject to its right to obtain project loan as aboveloan, the Promoter Promoter/Developer shall not create any charge, mortgage, lien and/or shall not sell, transfer, convey and/or enter into any agreement with any person other than the Allottee in respect of the said Apartment, subject to the Allottee fulfilling all terms, conditions and obligations of this Agreement.

No Creation of Encumbrance. During the subsistence of this Agreement, subject to its right to obtain project loan as above, the Promoter Owner / Developer shall not create any charge, mortgage, lien and/or shall not sell, transfer, convey and/or enter into any agreement with any person other than the Allottee in respect of the said Apartment, subject to the Allottee fulfilling all terms, conditions and obligations of this Agreement. This may however not restrict the Owner / Developer in creating any charge, mortgage, lien over or in respect of any other apartment or spaces of the Project in terms of the Act or Rules.

No Creation of Encumbrance. During the subsistence of this Agreement, subject to its right to obtain project loan as above, the Promoter shall not create any charge, mortgage, lien and/or and/ or shall not sell, transfer, convey and/or and/ or enter into any agreement with any person other than the Allottee in respect of the said Apartment, subject to the Allottee fulfilling all terms, conditions and obligations of this Agreement.person

No Creation of Encumbrance. During the subsistence of this Agreement, subject to its right to obtain project loan as above, the Promoter Owners/Developer shall not create any charge, mortgage, lien and/or shall not sell, transfer, convey and/or enter into any agreement with any person other than the Allottee in respect of the said Apartment, subject to the Allottee fulfilling all terms, conditions and obligations of this Agreement. This may however not restrict the Owners/Developer in creating any charge, mortgage, lien over or in respect of any other apartment or spaces of the Project in terms of the Act or Rules.

No Creation of Encumbrance. During the subsistence of this Agreement, subject to its right to obtain project loan as above, the Promoter shall not create any charge, mortgage, lien and/or shall not sell, transfer, convey and/or enter into any agreement with any person other than the Allottee Allottees in respect of the said Apartment, subject to the Allottee Allottees fulfilling all terms, conditions and obligations of this Agreement.

No Creation of Encumbrance. During the subsistence of this Agreement, subject to its right to obtain project loan as above, the Promoter shall not create any charge, mortgage, lien and/or shall not sell, transfer, convey and/or enter into any agreement with any person other than the Allottee in respect of the said ApartmentUNIT, subject to the Allottee fulfilling all terms, conditions and obligations of this Agreement.

No Creation of Encumbrance. During the subsistence of this Agreement, subject to its right to obtain project loan as above, the Promoter shall not create any charge, mortgage, lien and/or shall not sell, transfer, convey and/or enter into any agreement with any person other than the Allottee First party(s) in respect of the said Apartment, subject to the Allottee First party(s) fulfilling all terms, conditions and obligations of this Agreement.