Nomination by Allottee. (a) This Agreement is personal to the Allottee and in no event the Allottee shall be entitled to enter into any agreement for sale, transfer and/or nominate any other person in its place and stead without the consent of the Developers/Promoters, in writing, for a period of two years from the date of execution hereof. After expiry of the said period of two years, the Developer/Promoter though not obligated may accord such permission for nomination subject to the Allottee making payment of a sum calculated @ 2% (two percent) of the Consideration for the Allotted Apartment (hereinafter referred to as the Nomination Costs) along with the applicable taxes and the Nomination Costs will be exclusive of the expenses which the Developer/Promoter may have to incur in causing the Nomination Agreement to be vetted by their Advocates and also the amounts which may have to be incurred by the Developer/Promoter on account of administrative expenses while granting such permission for nomination.
Nomination by Allottee. (a) This Agreement is personal to the Purchaser and in no event the Purchaser shall be entitled to enter into any agreement for sale, transfer and/or nominate any other person in its place and stead without the consent of the Promoter, in writing. The Promoter though not obligated may accord such permission for nomination subject to the Purchaser making payment of a sum calculated @ 2% of the consideration price agreed between the Allottee and its nominee (hereinafter referred to as the Nomination Costs) and the Nomination Costs will be inclusive of the expenses which the Promoter and the Owners may have to incur in causing the Nomination Agreement to be vetted by their Advocates and also the amounts which may have to be incurred by the Promoter on account of administrative expenses while granting such permission for nomination.
Nomination by Allottee. (a) This Agreement is personal to the Allottee and in no event the Allottee shall be entitled to enter into any agreement for sale, transfer and/or nominate any other person in its place and stead without the consent of the Promoter, in writing, for a period of two years from the date of execution hereof. After expiry of the said period of two years, the Promoter though not obligated may accord such permission for nomination subject to the Allottee making payment of a sum calculated @ 2% (two percent) of the Consideration for the Allotted Apartment (hereinafter referred to as the Nomination Costs) alongwith the applicable taxes and the Nomination Costs will be exclusive of the expenses which the Promoter and the Owner may have to incur in causing the Nomination Agreement to be vetted by their Advocates and also the amounts which may have to be incurred by the Promoter on account of administrative expenses while granting such permission for nomination.
Nomination by Allottee. The Allottee may, with the prior consent in writing of the Promoter, get the name of his nominee substituted in his place and stead in the records of the Promoter as the Allottee of the Allotted Apartment. Any such nomination shall be at the sole risk and costs of the Allottee and shall be subject to the terms, conditions, agreements and covenants contained hereunder which shall thenceforth be observed fulfilled and performed by the nominee. All stamp duty and registration charges, legal fees and other charges and outgoings as may be occasioned due to aforesaid nomination shall be payable by the Allottee or its nominee.
