Common use of POSSESSION OF THE Clause in Contracts

POSSESSION OF THE. APARTMENT 7.1 Schedule for possession of the said Apartment: The Vendor/Xxxxxxxxx agrees and understands that timely delivery of possession of the Apartment is the essence of the Agreement. The Vendor/Developer, based on the approved plans and specifications, assures to hand over possession of the Apartment on .................... unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("Force Majeure"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee(s) agrees that the Vendor/Developer shall been entitled to the extension of time for delivery of possession of the Apartment, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee(s) agrees and confirms that, in the event it becomes impossible for the Vendor/Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/Developer shall refund to the Allottee(s) the entire amount received by the Vendor/Developer from the allotment within 45 days from that date. After refund of the money paid by the Allottee(s), Xxxxxxxx(s) agrees that he/she/they shall not have any rights, claims etc. against the Vendor/Developer and that the Vendor/Developer shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THE. APARTMENTAPARTMENT / FLAT: 7.1 7.1. Schedule for possession of the said Apartment: /Flat – The Vendor/Xxxxxxxxx Promoter agrees and understands that timely delivery of possession of the said Apartment to the Allottee and the common areas to the Association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Vendor/Developer, based on the approved plans and specifications, Promoter assures to hand over handover possession of the Apartment on .................... Apartment/ Flat along with ready and complete common areas with all specifications, amenities and facilities of the Project within the with an additional grace period of Six months unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity Covid-19, like situation lock down caused by nature affecting the regular development of the real estate project ("“Force Majeure"”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee(s) Allottee agrees that the Vendor/Developer Promoter shall been be entitled to the extension of time for delivery of possession of the said Apartment, provided . Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee(s) agrees and confirms that, in the event it becomes impossible for the Vendor/Developer Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/Developer Promoter shall refund to the Allottee(s) the entire amount received by the Vendor/Developer Promoter from the allotment Allotment within 45 days from that datethe date Allottee request so. The Promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s)Allottee, Xxxxxxxx(s) the Allottee agrees that he/she/they he/ she shall not have any rights, claims etc. against the Vendor/Developer Promoter and that the Vendor/Developer Promoter shall be released and discharged from all its obligations and liabilities under this AgreementAgreement and the Allottee will sing and registered all necessary documents in this regard.

POSSESSION OF THE. APARTMENTAPARTMENT / FLAT: 7.1 7.1. Schedule for possession of the said Apartment: /Flat – The Vendor/Xxxxxxxxx Promoter agrees and understands that timely delivery of possession of the said Apartment to the Allottee and the common areas to the Association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Vendor/Developer, based on the approved plans and specifications, Promoter assures to hand over handover possession of the Apartment on .................... Apartment/ Flat along with ready and complete common areas with all specifications, amenities and facilities of the Project within the with an additional grace period of Six months unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("“Force Majeure"”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee(s) Allottee agrees that the Vendor/Developer Promoter shall been be entitled to the extension of time for delivery of possession of the said Apartment, provided . Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee(s) agrees and confirms that, in the event it becomes impossible for the Vendor/Developer Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/Developer Promoter shall refund to the Allottee(s) the entire amount received by the Vendor/Developer Promoter from the allotment Allotment within 45 days from that date. The Promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s)Allottee, Xxxxxxxx(s) the Allottee agrees that he/she/they he/ she shall not have any rights, claims etc. against the Vendor/Developer Promoter and that the Vendor/Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THE. APARTMENT 7.1 Schedule for possession of the said Apartment: The Vendor/Xxxxxxxxx Promoter agrees and understands that timely delivery of possession of the Apartment to the Allottee and the common areas to the association of Allottees or the competent authority, as the case may be, is the essence of the Agreement. The Vendor/Developer, based on the approved plans and specificationsPromoter, assures to hand over possession of the Apartment on .................... unless there is delay or failure due to waralong with ready and complete common areas with all specifications, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development amenities and facilities of the real estate project ("Force Majeure"). If, however, the in place on completion of the Project is delayed due to the Force Majeure conditions (as defined in the Act) then the Allottee(s) Allottee agrees that the Vendor/Developer Promoter shall been be entitled to the extension of time for delivery of possession of the Apartment, provided . Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee(s) Allottee agrees and confirms that, in the event it becomes impossible for the Vendor/Developer Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/Developer Promoter shall refund to the Allottee(s) Allottee the entire amount received by the Vendor/Developer Promoter from the allotment within 45 days from that date. The promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s)Allottee, Xxxxxxxx(s) the Allottee agrees that he/she/they she shall not have any rights, claims etc. against the Vendor/Developer Promoter and that the Vendor/Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THE. APARTMENTAPARTMENT / FLAT: 7.1 7.1. Schedule for possession of the said Apartment: /Flat – The Vendor/Xxxxxxxxx Promoter agrees and understands that timely delivery of possession of the said Apartment to the Allottee and the common areas to the Association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Vendor/Developer, based on the approved plans and specifications, Promoter assures to hand over handover possession of the Apartment on .................... Apartment/ Flat along with ready and complete common areas with all specifications, amenities and facilities of the Project within the 10.03.2029 with an additional grace period of Six months unless there is delay or failure due to war, flood, drought, fire, cyclone, Court cases or any order of the Statutory Authority cyclone earthquake or any other calamity caused by nature affecting the regular development of the real estate project ("“Force Majeure"”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee(s) Allottee agrees that the Vendor/Developer Promoter shall been be entitled to the extension of time for delivery of possession of the said Apartment, provided . Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee(s) agrees and confirms that, in the event it becomes impossible for the Vendor/Developer Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/Developer Promoter shall refund to the Allottee(s) the entire amount received by the Vendor/Developer Promoter from the allotment Allotment within 45 days from that date. The Promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s)Allottee, Xxxxxxxx(s) the Allottee agrees that he/she/they he/ she shall not have any rights, claims etc. against the Vendor/Developer Promoter and that the Vendor/Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THE. APARTMENTAPARTMENT / PLOT: 7.1 Schedule for possession of the said Apartment: [Apartment / Plot] – The Vendor/Xxxxxxxxx Promoter agrees and understands that timely delivery of possession of the Apartment [Apartment] to the Allottee and the common areas to the Association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Vendor/Developer, based on the approved plans and specifications, Promoter assures to hand over handover possession of the Apartment [Apartment] along with ready and complete common areas with all specifications, amenities and facilities of the Project in place on .................... ………………………………. unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the real estate project ("“Force Majeure"”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee(s) Allottee agrees that the Vendor/Developer Promoter shall been be entitled to the extension of time for delivery of possession of the [Apartment, provided ]. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee(s) agrees and confirms that, in the event it becomes impossible for the Vendor/Developer Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor/Developer Promoter shall refund to the Allottee(s) the entire amount received by the Vendor/Developer Promoter from the allotment Allotment within 45 days from that date. The Promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s)Allottee, Xxxxxxxx(s) agrees the Allottee agreed that he/she/they he/ she shall not have any rights, claims etc. against the Vendor/Developer Promoter and that the Vendor/Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.