Common use of Nomination Clause in Contracts

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 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. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 3 contracts

Sources: Sale Agreement, Sale Agreement, Sale Agreement

Nomination. The Allottee admits Allottees admit and accepts accept that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottee Allottees will be entitled to nominate, assign and/or transfer the Allottee’s Allottees‟ right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter per clause 20 subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) 12.1. The Allottee Allottees shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 12.2. The Allottee Allottees shall obtain prior written permission of the Promoter and the Allottee Allottees and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) 12.3. The Allottee Allottees shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s Promoter‟s legal advisors towards the tripartite Nomination AgreementAgreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nomination. (d) 12.4. Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee Allottees shall be entitled to nominate, assign and/or transfer the Allottee’s Allottees‟ right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge. 1. Common Utilities: All charges, costs and deposits for supply, operation and maintenance of common utilities.

Appears in 3 contracts

Sources: Agreement for Sale, Agreement for Sale, Agreement for Sale

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesApartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) : • The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) . • 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 Owner and the Promoter. (c) . • The Allottee shall pay an additional legal fee of Rs.10,000/- Rs. 10,000/- (Rupees ten thousandthousand only) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) . • Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 3 contracts

Sources: Project Agreement, Agreement for Sale, Agreement for Sale

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesApartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) :  The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) .  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. (c) .  The Allottee shall pay an additional legal fee of Rs.10,000/- Rs. 10,000/- (Rupees ten thousandthousand only) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) .  Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 2 contracts

Sources: Sale Agreement, Partnership Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesApartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee : shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 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. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- . - (Rupees ten thousandthousand only) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of . the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 2 contracts

Sources: Sale Agreement, Sale Agreement

Nomination. The Allottee admits Allottees admit and accepts accept that before the execution and registration of conveyance deed of deedof the Said Apartment And Appurtenances, the Allottee Allottees will be entitled to nominate, assign and/or transfer the Allottee’s Allottees’ right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee Allottees shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottee Allottees shall obtain prior written permission of the Promoter and the Allottee Allottees and the nominee shall be bound to enter into a tripartite agreement with the Owners Transferors and the Promoter. (c) The Allottee Allottees shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee Allottees shall be entitled to nominate, assign and/or transfer the Allottee’s Allottees’ right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 2 contracts

Sources: Partnership Agreement, Partnership Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesApartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) : • The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) . • 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. (c) . • The Allottee shall pay an additional legal fee of Rs.10,000/- Rs. 10,000/- (Rupees ten thousandthousand only) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) . • Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 2 contracts

Sources: Construction Contract, Partnership Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 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. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.. S CHEDULE ‘H’

Appears in 2 contracts

Sources: Agreement for Sale, Sale Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment Flat And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to upto the time of nomination. (b) 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. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Sale Agreement

Nomination. The Allottee Allottee/Transferee admits and accepts that before the execution and registration of conveyance Transfer deed of the Said Apartment Unit And Appurtenances, the Allottee Allottee/Transferee will be entitled to nominate, assign and/or transfer the AllotteeAllottee’s/Transferee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee Allottee/Transferee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottee Allottee/Transferee shall obtain prior written permission of the Promoter and the Allottee Allottee/Transferee and the nominee shall be bound to enter into a tripartite agreement with the Owners Transferor and the Promoter. (c) The Allottee Allottee/Transferee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee Allottee/Transferee shall be entitled to nominate, assign and/or transfer the AllotteeAllottee’s/Transferee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Transfer Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment Flat And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s Allottee‟s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) : The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) . 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. (c) . The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s Promoter‟s legal advisors towards the tripartite Nomination Agreement. (d) . Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s Allottee‟s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Deed of Sale

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesApartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s Allottee‟s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) : • The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) . • 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 Owner and the Promoter. (c) . • The Allottee shall pay an additional legal fee of Rs.10,000/- Rs. 10,000/- (Rupees ten thousandthousand only) to the Promoter’s Promoter‟s legal advisors towards the tripartite Nomination Agreement. (d) . • Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s Allottee‟s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Agreement for Sale

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment Bungalow And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 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. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Sale Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesApartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) i. The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) ii. 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. (c) iii. The Allottee shall pay an additional legal fee of Rs.10,000/- Rs. 10,000/- (Rupees ten thousand) only to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) iv. Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Sale Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of Sub Lease/Transfer/Assignment of the Said Apartment Unit And AppurtenancesAppurtenances but not before 12 (twelve) months from the date of execution of this Agreement, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% Rs.100/- (two percentRupees one hundred) of the market price prevailing at that time (to be determined by the Promoter) per square feet as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned following conditions: (a) 9.1 The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 9.2 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. (c) 9.3 The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors Legal Advisors towards the tripartite Nomination Agreement. (d) 9.4 Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer nomination charge.

Appears in 1 contract

Sources: Wbhira Agreement

Nomination. The Allottee admits Allottee/s admit/s and accepts accept/s that before the execution and registration of conveyance deed of the Said Apartment Flat And Appurtenances, the Allottee Allottee/s will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the PromoterPromoters) as nomination charge to the Promoter Promoters, if the cancelation is done beyond 15 (fifteen) days from the date of execution of 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 below mentioned conditions: (a) The Allottee Allottee/s shall make payment of all dues of the Promoter Promoters in terms of this Agreement, up to the time of nomination. (b) The Allottee Allottee/s shall obtain prior written permission of the Promoter Promoters and the Allottee Allottee/s and the nominee shall be bound to enter into a tripartite agreement with the Owners and the PromoterDeveloper. (c) The Allottee Allottee/s shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s Promoters’ legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter Promoters and subject to the above conditions, the Allottee Allottee/s shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.. 8th Schedule (Common Expenses)

Appears in 1 contract

Sources: Sale Agreement

Nomination. The Allottee allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenancessaid apartment and appurtenances, the Allottee will be entitled to nominate, assign and/or and ` transfer the Allotteeallottee’s right, title, interest and obligations obligation under this Agreement agreement on payment of 2% (two percent) of the market price prevailing at are that time (to be determined by the Promoter) as nomination charge to the Promoter promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement agreement and subject also to the below mentioned conditions:. (a) a. The Allottee allottee shall make payment of all dues of the Promoter promoter in terms of terns if this Agreement, agreement up to the time of nomination. (b) b. The Allottee shall obtain prior written permission of the Promoter promoter and the Allottee allottee and the nominee shall be bound to enter into a tripartite entire in to tripatyite agreement with the Owners owners and the Promoterpromoter. (c) c. The Allottee allottee shall pay an additional legal fee of Rs.10,000/- Rs. 10,000.00 (Rupees ten thousandTen Thousand) only to the Promoterpromoter’s legal advisors towards the tripartite Nomination Agreementnomination agreement. (d) d. Subject to the approval and acceptance of the Promoter promoter and subject to the above conditions, the Allottee . The allottee shall be entitled to nominate, assign and/or and transfer the Allottee’s allottee right, title, interest and obligations obligation under this Agreement agreement to parent, spouse and children without payment of the aforesaid transfer chargecharges.

Appears in 1 contract

Sources: Sale Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment Flat And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 23% (two three percent) of the market price prevailing at that time (to be determined by the PromoterVendor) as nomination charge to the Promoter Vendor subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter Vendor in terms of this Agreement, up to the time of nomination. (b) The Allottee shall obtain prior written permission of the Promoter Vendor and the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the PromoterVendor. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the PromoterVendor’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter Vendor and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge. SCHEDULE ‘H’ (Common Expenses) 1. Common Utilities: All charges, costs and deposits for supply, operation and maintenance of common utilities.

Appears in 1 contract

Sources: Sale Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesUnit/Apartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 24% (two four percent) of the market price prevailing at that time or sale price, which is higher (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) :  The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) .  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. (c) .  The Allottee shall pay an additional a legal fee of Rs.10,000/- Rs. 15,000/- (Rupees ten thousandFifteen Thousand Only) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) .  Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Agreement for Sale

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesUnit/Apartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 24% (two four percent) of the market price prevailing at that time or sale price, which is higher (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 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. (c) The Allottee shall pay an additional l legal fee of Rs.10,000/- Rs /- (Rupees ten thousand………………………… Only) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.. 6thSchedule (Common Expenses/ Maintenance Charges)

Appears in 1 contract

Sources: Agreement for Sale

Nomination. The Allottee Allottees admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottee Allottees will be entitled to nominate, assign and/or transfer the AllotteeAllottees’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the PromoterOwners/Promoters) as nomination charge to the Promoter Owners/Promoters subject to the covenant by the For Fortune Park Housing Projects Pvt. Ltd nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee Allottees shall make payment of all dues of the Promoter Owners/Promoters in terms of this Agreement, up to the time of nomination. (b) The Allottee Allottees shall obtain prior written permission of the Promoter Owners/Promoters and the Allottee Allottees and the nominee shall be bound to enter into a tripartite agreement with the Owners and the PromoterOwners/Promoters. (c) The Allottee Allottees shall pay an additional legal fee of Rs.10,000/- Rs.20,000/- (Rupees ten Twenty thousand) to the Promoter’s Owners/Promoters’ legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter Owners/Promoters and subject to the above conditions, the Allottee Allottees shall be entitled to nominate, assign and/or transfer the Allottee’s Allottees’ s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Sale Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment Flat And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 23% (two three percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 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. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge. 1. Common Utilities: All charges, costs and deposits for supply, operation and maintenance of common utilities.

Appears in 1 contract

Sources: Agreement for Sale

Nomination. The Allottee admits Transferees/Allottees admit and accepts accept that before the execution and registration of conveyance deed Deed Of Transfer/Sub Lease of the Said Apartment Unit And Appurtenances, the Allottee Transferees/Allottees will be entitled to nominate, assign and/or transfer the Allottee’s Transferees/Allottees’ right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the PromoterPromoters) as nomination charge to the Promoter Promoters subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee Transferees/Allottees shall make payment of all dues of the Promoter Promoters in terms of this Agreement, up to the time of nomination. (b) The Allottee Transferees/Allottees shall obtain prior written permission of the Promoter Promoters and the Allottee Transferees/Allottees and the nominee shall be bound to enter into a tripartite agreement with the Owners Transferor and the PromoterPromoters. (c) The Allottee Transferees/Allottees shall pay an additional legal fee of Rs.10,000/- Rs. 10,000/- (Rupees ten thousand) to the Promoter’s Promoters’ legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter Promoters and subject to the above conditions, the Allottee Transferees/Allottees shall be entitled to nominate, assign and/or transfer the Allottee’s Transferees/Allottees’ right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Transfer Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed Deed Of Transfer/Sub Lease of the Said Apartment And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 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 Transferor and the Promoter. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- Rs. /- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.. S CHEDULE ‘H’

Appears in 1 contract

Sources: Transfer Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment Flat And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s Allottee‟s right, title, interest and obligations under this Agreement on payment of 23% (two three percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 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. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s Promoter‟s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s Allottee‟s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge. SCHEDULE „H‟ (Common Expenses) 1. Common Utilities: All charges, costs and deposits for supply, operation and maintenance of common utilities.

Appears in 1 contract

Sources: Agreement for Sale

Nomination. The Allottee Allottees admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottee Allottees will be entitled to nominate, assign and/or transfer the AllotteeAllottees’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the PromoterOwners/Promoters) as nomination charge to the Promoter Owners/Promoters subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee Allottees shall make payment of all dues of the Promoter Owners/Promoters in terms of this Agreement, up to the time of nomination. (b) The Allottee Allottees shall obtain prior written permission of the Promoter Owners/Promoters and the Allottee Allottees and the nominee shall be bound to enter into a tripartite agreement with the Owners and the PromoterOwners/Promoters. (c) The Allottee Allottees shall pay an additional legal fee of Rs.10,000/- Rs.20, 000/- (Rupees ten Twenty thousand) to the PromoterOwners/Promoters’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter Owners/Promoters and subject to the above conditions, the Allottee Allottees shall be entitled to nominate, assign and/or transfer the AllotteeAllottees’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge. 1. Common Utilities: All charges, costs and deposits for supply, operation and maintenance of common utilities.

Appears in 1 contract

Sources: Sale Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed Deed Of Transfer/Sub Lease of the Said Apartment And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the PromoterTransferor) as nomination charge to the Promoter Transferor subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter Transferor in terms of this Agreement, up to the time of nomination. (b) The Allottee shall obtain prior written permission of the Promoter Transferor and the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners Transferor and the PromoterTransferor. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Transferor/Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Transferor/Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Draft Agreement for Sredpl Allocation

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed Deed Of Transfer/Sub Lease of the Said Apartment And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 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 Transferor and the Promoter. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- Rs. 10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Draft Agreement for Sredpl Allocation

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance Transfer deed of the Said Apartment And AppurtenancesApartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 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 Co- Lessee and the Promoter. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- INR. [•] (Indian Rupees ten thousand[•]) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Transfer Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesApartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) : • The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) . • 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. (c) . • The Allottee shall pay an additional legal fee of Rs.10,000/- Rs. 10,000/- (Rupees ten thousand) only to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) . • Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Appears in 1 contract

Sources: Sale Agreement

Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment Flat And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 23% (two three percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) 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. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge. SCHEDULE ‘H’ (Common Expenses) 1. Common Utilities: All charges, costs and deposits for supply, operation and maintenance of common utilities.

Appears in 1 contract

Sources: Agreement for Sale