NOMINATION BY ALLOTTEE WITH CONSENT. The Allottee admits and accepts that after the Lock in period and before the execution and registration of conveyance deed of the said Apartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the following conditions:
NOMINATION BY ALLOTTEE WITH CONSENT. The Allottee admits and accepts that before execution and registration of Conveyance deed of the Said Apartment And Appurtenances, the Allottee shall be entitled to nominate, assign and/or Transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 5% (five percent) of the market price in respect of the said apartment and appurtenances as may be prevailing at that time (to be determined by the Promoter) plus the amount of applicable taxes as nomination charge to the Promoter subject to the covenant by the nominee that the nominee shall strictly adhere to the terms of this Agreement and shall obtain prior written permission of the Promoter and that the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Promoter.
NOMINATION BY ALLOTTEE WITH CONSENT. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Apartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee‟s right, title, interest and obligations under this Agreement only with the written consent of the Promoter (which consent the Promoter may refuse to grant without assigning any reason whatsoever) on payment of Rs. 100/- (Rupees One hundred only) per square feet on super built up area plus GST as Nomination Charge to the Promoter or such other fee / charge as may be decided and/or made applicable from time to time by the Promoter in its absolute discretion for such transfer subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the following conditions:
i. The Allottee shall make payment of all dues in terms of this Agreement, up to the time of nomination and the Promoter shall consent to such nomination transfer or alienation only upon being paid the fee / charge as aforesaid;
ii. The Allottee cannot sell and/or nominate the Apartment to and in favour of any third person before the expiry of a period of 12 (twelve) months from the date of this Agreement (“Lock-in Period”).
iii. The Allottee shall have previously informed the Promoter in writing of the full particulars of such nominee / transferee;
iv. The Allottee shall obtain prior written permission of the Promoter and the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter.
v. Any such nomination assignment transfer or alienation shall be subject to the terms conditions agreements and covenants contained hereunder and on the part of the Buyer to be observed fulfilled and performed;
vi. It is clarified that any change in the control or ownership of the Allottee (if being a Company or a partnership or an LLP) shall come within the purview of such nomination / assignment / transfer and be subject to the above conditions.
vii. The Allottee admits and accepts that the Allottee shall not nominate or assign the rights under this Agreement save in the manner indicated above. It is clarified that inclusion of a new joint Allottee or change of a joint Allottee shall be treated as a transfer unless such joint Allottee is a mother or father or spouse or child of the original Allottee. Any nomination/transfer/made in contravention/ violation of conditions mentioned herein, shall be void ab-initio.
NOMINATION BY ALLOTTEE WITH CONSENT. The Allottee admits and accepts that after the Lock in period and before the execution and registration of conveyance deed of the said Xxxxxxxx, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the following conditions:
NOMINATION BY ALLOTTEE WITH CONSENT. The Allottee admits and accepts that after the lock in period as mentioned in Clause 43
NOMINATION BY ALLOTTEE WITH CONSENT. The Allottee admits and accepts that before execution and registration of Conveyance deed of the Said Apartment And Appurtenances, the Allottee shall be entitled to nominate, assign and/or sell the Allottee‟s right, title, interest and obligations under this Agreement on payment of 5% (Five percent) of the market price in respect of the Said Apartment and Said Parking Space (if any) and appurtenances as may be prevailing at that time (to be determined by the Promoter) plus the amount of applicable taxes as nomination charge to the Promoter subject to the covenant by the nominee that the nominee shall strictly adhere to the terms of this Agreement and shall obtain prior written permission of the Promoter and that the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Promoter and the additional stamp duty and additional registration expenses, if any shall be borne by the Allotee and/or the Allottee‟s nominee.
NOMINATION BY ALLOTTEE WITH CONSENT. The Allottee admits and accepts that after the Lock in period and before the execution and registration of conveyance deed of the said Apartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the following conditions:
(a) Allottee to Make Due Payments:-The Allottee shall make payment of all dues, including any interest for delay, to the Promoters in terms of this Agreement, up to the time of nomination.
(b) Lock-in Period:-The Allottee cannot nominate in favour of any third party before the expiry of a period of 12 (Twelve) months from the date of this Agreement.
(c) Prior Written Permission and Tripartite Agreement: -In respect of any nomination, the Allottee shall obtain prior permission of the Developer and the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Developer and the Allottee .
NOMINATION BY ALLOTTEE WITH CONSENT. The Allottee admits and accepts that before execution and registration of sale deed of the Said Apartment And Appurtenances but only after expiry of a period of 24 (Twenty Forty) months from the date of this agreement, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee‟s right, title, interest and obligations under this Agreement on payment of Rs. (Rupees Only) per sq. ft. of the aggregate Super Built Up Area as nomination charge to the Vendor subject to the covenant by the nominee that the nominee shall strictly adhere to the terms of this Agreement and subject also to the following conditions:
NOMINATION BY ALLOTTEE WITH CONSENT. The Allottee(s) admit(s) and accept(s) that after the Lock-in period and before the execution and registration of Deed of Conveyance of the said Apartment and covered car parking, the Allottee(s) will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the following conditions:
