Nomination Fees. The Allottee shall pay a sum calculated as a percentage of 2% (Two Percent) of the Total Price plus applicable taxes, as and by way of nomination fees to the Developer. It is clarified that inclusion of a new joint Allottee or change of a joint Allottee shall be treated as a nomination. However nomination fees shall not be payable in case of nomination in favour of parents, spouse or children of the Allottee. The Allottee admits and accepts that he shall not be entitled to nominate or assign his rights under this Agreement save in the manner indicated above.
Appears in 4 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
