Common use of Nomination by Buyer with Consent Clause in Contracts

Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Flat And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer’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) The Buyer shall make payment of all dues of the Seller in terms of this Agreement up to the time of nomination. (b) The Buyer shall obtain prior permission of the Seller and the Buyer and the nominee shall be bound to enter into a tripartite agreement with the Seller. (c) The Buyer shall pay a sum calculated @ Rs.25/- (Rupees twenty five) per square feet as and by way of nomination fees to the Seller. The Buyer admits and accepts that the Buyer shall not nominate or assign the rights under this Agreement save in the manner indicated above.

Appears in 2 contracts

Samples: Sale Agreement, Agreement for Flat No.

AutoNDA by SimpleDocs

Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Flat Unit And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer’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) The Buyer shall make payment of all dues of dues, including any interest for delay, to the Seller Developer in terms of this Agreement Agreement, up to the time of nomination. (b) The Buyer shall obtain prior permission of the Seller Sellers and the Buyer and the nominee shall be bound to enter into a tripartite agreement with the SellerSellers. (c) The Buyer shall pay a sum calculated @ Rs.25/- Rs. 20/- (Rupees twenty fivetwenty) per square feet as and by way of nomination fees to the SellerDeveloper. The Buyer admits and accepts that the Buyer shall not nominate or assign the rights under this Agreement save in the manner indicated above.

Appears in 1 contract

Samples: Property Management & Real Estate

Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Flat Unit And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer’s '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) The Buyer shall make payment of all dues of the Seller Sellers in terms of this Agreement Agreement, up to the time of nomination. (b) The Buyer shall obtain prior permission of the Seller Owners and the Buyer and the nominee shall be bound to enter into a tripartite agreement Nomination Agreement with the Seller.Sellers.. (c) The Buyer shall pay a the sum calculated @ Rs.25/- 2 % (Rupees twenty fivetwo percent) per square feet as and by way of nomination fees to the SellerOwners. (d) The Buyer shall pay a legal fee of Rs.10,000/- (Rupees ten thousand) to the Legal Advisor for drafting of the Nomination Agreement. The Buyer admits and accepts that the Buyer shall not nominate or assign the rights under this Agreement save in the manner indicated above.

Appears in 1 contract

Samples: Transfer Agreement

Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Flat And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer’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) The Buyer shall make payment of all dues of the Seller Assignor in terms of this Agreement up to the time of nomination. (b) The Buyer shall obtain prior permission of the Seller Assignor and the Buyer and the nominee shall be bound to enter into a tripartite agreement with the SellerAssignor. (c) The Buyer shall pay a sum calculated @ Rs.25/- Rs. 25/- (Rupees twenty five) per square feet as and by way of nomination fees to the SellerAssignor. The Buyer admits and accepts that the Buyer shall not nominate or assign the rights under this Agreement save in the manner indicated above.

Appears in 1 contract

Samples: Real Estate Purchase Agreement

Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Flat And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer’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) The Buyer shall make payment of all dues of dues, including any interest for delay, to the Seller in terms of this Agreement up to the time of nomination. (b) The Buyer shall obtain prior permission of the Seller and the Buyer and the nominee shall be bound to enter into a tripartite agreement with the Seller. (c) The Buyer shall pay a sum calculated @ Rs.25/- Rs.20/- (Rupees twenty fiveonly) per square feet as and by way of nomination fees to the Seller. The Buyer admits and accepts that the Buyer shall not nominate or assign the rights under this Agreement save in the manner indicated above.

Appears in 1 contract

Samples: Sale Agreement

AutoNDA by SimpleDocs

Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Flat And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer’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) The Buyer shall make payment of all dues of dues, including any interest for delay, to the Seller in terms of this Agreement up to the time of nomination. (b) The Buyer shall obtain prior permission of the Seller and the Buyer and the nominee shall be bound to enter into a tripartite agreement with the Seller. (c) The Buyer shall pay a sum calculated @ Rs.25/- Rs. 25/- (Rupees twenty five) per square feet as and by way of nomination fees to the Seller. The Buyer admits and accepts that the Buyer shall not nominate or assign the rights under this Agreement save in the manner indicated above.

Appears in 1 contract

Samples: Sale Agreement

Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Flat Unit And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer’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) The Buyer shall make payment of all dues of dues, including any interest for delay, to the Seller in terms of this Agreement Agreement, up to the time of nomination. (b) The Buyer shall obtain prior permission of the Seller and the Buyer and the nominee shall be bound to enter into a tripartite agreement with the Seller. (c) The Buyer shall pay a sum calculated @ Rs.25/- Rs. 25/- (Rupees twenty five) per square feet as and by way of nomination fees to the Seller. The Buyer admits and accepts that the Buyer shall not nominate or assign the rights under this Agreement save in the manner indicated above.

Appears in 1 contract

Samples: Sale Agreement

Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Flat And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer’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) The Buyer shall make payment of all dues of the Seller Ideal, including interest, in terms of this Agreement up to the time of nomination. (b) The Buyer shall obtain prior permission of the Seller Ideal and the Buyer and the nominee shall be bound to enter into a tripartite agreement with the SellerIdeal. (c) The Buyer shall pay a sum calculated @ Rs.25/- Rs. 25/- (Rupees twenty five) per square feet saleable area (super built-up area) as and by way of nomination fees to the SellerIdeal. The Buyer admits and accepts that the Buyer shall not nominate or assign the rights under this Agreement save in the manner indicated above.

Appears in 1 contract

Samples: Sale Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!