Common use of Possession for Fit-Out Clause in Contracts

Possession for Fit-Out. As soon as the Said Flat is ready for fit-out, the Developer shall serve a notice on the Buyer (Fit-Out Possession Notice), calling upon the Buyer to take physical possession for the limited purpose of fit-out of the Said Flat. Before such delivery of possession for fit-out, the Buyer shall pay to the Developer all amounts due and payable towards the Total Price, Extras and other charges and the Buyer shall not claim possession of the Said Flat And Appurtenances for fit-out till such payments are made in full. Within 15 (fifteen) days from the date of the Fit-Out Possession Notice (Date Of Fit-Out Possession Notice), the Buyer shall be bound to complete snagging of the Said Flat, failing which it shall be deemed that the Buyer has taken satisfactory possession for fit-out on the 16th day of the Date Of Fit-Out Possession Notice (date of actual or deemed limited physical possession for fit-out, Date Of Fit-Out Possession). It is clarified that the Date Of Fit-Out Possession is different from the Date Of Possession and the modalities ancillary thereto as more fully described in Clause 9.6.2 below.

Appears in 3 contracts

Samples: Transfer Agreement, Property Transfer Agreement, Property Management & Real Estate

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Possession for Fit-Out. As soon as the Said Flat is ready for fit-fit out, the Developer shall serve a notice on the Buyer (Fit-Out Possession Notice), calling upon the Buyer to take physical possession of the Said Flat for the limited purpose of fit-out of the Said Flat. Before Within 15 (fifteen) days from the date of the Fit-Out Possession Notice, the Buyer shall have the option to take possession of the Said Flat for such delivery fit-out (the date on which the Buyer takes such possession, Date Of Fit-Out Possession), failing which it shall be deemed that the Buyer has waived the right of the Buyer to take possession of the Said Flat for fit-out. If the Buyer opts to take possession for fit-out, then before the Date Of Fit-Out Possession (1) the Buyer shall pay to the Developer all amounts due and payable towards the Total Price, Extras and other charges and the Buyer shall not claim possession of the Said Flat And Appurtenances for fit-out out, till such payments are made in full. Within 15 full and (fifteen2) days from the date of the Fit-Out Possession Notice (Date Of Fit-Out Possession Notice), the Buyer shall be bound confirm in writing the Buyer's acceptance of all rules and regulations formulated by the Developer relating to complete snagging of doing fit-out work at the Said Flat, failing which it shall be deemed that the Buyer has taken satisfactory possession for fit-out on the 16th day of the Date Of Fit-Out Possession Notice (date of actual or deemed limited physical possession for fit-out, Date Of Fit-Out Possession). It is clarified that the Date Of Fit-Out Possession is different from the Date Of Possession and the modalities ancillary thereto as more fully morefully described in Clause 9.6.2 below.

Appears in 2 contracts

Samples: Property Management & Real Estate, Property Transfer Agreement

Possession for Fit-Out. As soon as the Said Flat is ready for fit-fit out, the Developer shall serve a notice on the Buyer (Fit-Out Possession Notice), calling upon the Buyer to take physical possession of the Said Flat for the limited purpose of fit-out of the Said Flat. Before Within 15 (fifteen) days from the date of the Fit-Out Possession Notice, the Buyer shall have the option to take possession of the Said Flat for such delivery fit-out (the date on which the Buyer takes such possession, Date Of Fit-Out Possession), failing which it shall be deemed that the Buyer has waived the right of the Buyer to take possession of the Said Flat for fit- out. If the Buyer opts to take possession for fit-out, then before the Date Of Fit-Out Possession (1) the Buyer shall pay to the Developer all amounts due and payable towards the Total Price, Extras and other charges and the Buyer shall not claim possession of the Said Flat And Appurtenances for fit-out out, till such payments are made in full. Within 15 full and (fifteen2) days from the date of the Fit-Out Possession Notice (Date Of Fit-Out Possession Notice), the Buyer shall be bound confirm in writing the Buyer's acceptance of all rules and regulations formulated by the Developer relating to complete snagging of doing fit-out work at the Said Flat, failing which it shall be deemed that the Buyer has taken satisfactory possession for fit-out on the 16th day of the Date Of Fit-Out Possession Notice (date of actual or deemed limited physical possession for fit-out, Date Of Fit-Out Possession). It is clarified that the Date Of Fit-Out Possession is different from the Date Of Possession and the modalities ancillary thereto as more fully morefully described in Clause 9.6.2 below.

Appears in 1 contract

Samples: Transfer Agreement

Possession for Fit-Out. As soon as the Said Flat is ready for fit-out, the Developer shall serve a notice on the Buyer (Fit-Out Possession Notice), calling upon the Buyer to take physical possession for the limited purpose of fit-fit- out of the Said Flat. Before such delivery of possession for fit-out, the Buyer shall pay to the Developer all amounts due and payable towards the Total Price, Extras and other charges and the Buyer shall not claim possession of the Said Flat And Appurtenances for fit-out till such payments are made in full. Within 15 (fifteen) days from the date of the Fit-Out Possession Notice (Date Of Fit-Fit- Out Possession Notice), the Buyer shall be bound to complete snagging of the Said Flat, failing which it shall be deemed that the Buyer has taken satisfactory possession for fit-out on the 16th day of the Date Of Fit-Out Possession Notice (date of actual or deemed limited physical possession for fit-out, Date Of Fit-Fit- Out Possession). It is clarified that the Date Of Fit-Out Possession is different from the Date Of Possession and the modalities ancillary thereto as more fully described in Clause 9.6.2 below.

Appears in 1 contract

Samples: Partnership Agreements

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Possession for Fit-Out. As soon as the Said Flat is ready for fit-out, the Developer shall serve a notice on the Buyer (Fit-Out Possession Notice), calling upon the Buyer to take physical possession for the limited purpose of fit-out of the Said Flat. Before such delivery of possession for fit-out, the Buyer shall pay to the Developer all amounts due and payable towards the Total Price, Extras and other charges and the Buyer shall not claim possession of the Said Flat And Appurtenances for fit-out till such payments are made in full. Within 15 (fifteen) days from the date of the Fit-Out Possession Notice (Date Of Fit-Fit- Out Possession Notice), the Buyer shall be bound to complete snagging of the Said Flat, failing which it shall be deemed that the Buyer has taken satisfactory possession for fit-out on the 16th day of the Date Of Fit-Out Possession Notice (date of actual or deemed limited physical possession for fit-out, Date Of Fit-Out Possession). It is clarified that the Date Of Fit-Out Possession is different from the Date Of Possession and the modalities ancillary thereto as more fully described in Clause 9.6.2 below.

Appears in 1 contract

Samples: Partnership Agreement

Possession for Fit-Out. As soon as and when the Said Flat Apartment is ready for fit-fit- out, the Developer Vendor/Developer, shall serve a notice on the Buyer Allottee (Fit-Out Possession Notice), calling upon the Buyer Allottee to take physical possession for the limited purpose of fit-out of the Said FlatApartment from the Developer. Before such delivery of possession for fit-out, the Buyer Allottee shall pay to the Developer concerned payees all amounts due and payable towards the Total Price, Consideration and Extras and other charges and the Buyer Allottee shall not claim possession of the Said Flat Apartment And Appurtenances for fit-out till such payments are made in full. Within 15 (fifteen( - -) days from the date Date of the Fit-Out Possession Notice (Date Of Fit-Out Possession Notice), the Buyer Allottee shall be bound to complete snagging of the Said FlatApartment, failing which it shall be deemed that the Buyer Allottee has taken satisfactory possession for fit-out on the 16th ( ) day of the Date Of Fit-Out Possession Notice (date of actual or deemed limited physical possession for fit-out, Date Of Fit-Out Possession). It is clarified that the Date Of of Fit-Out Possession is different from the Date Of of Possession and the modalities ancillary thereto as more fully described in Clause 9.6.2 below. It is further clarified that the Date of Fit Out Possession will be within 24 (twenty four) months from the date of this Agreement, with a grace period of further 6 (Six) months.

Appears in 1 contract

Samples: Sale Agreement

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