Common use of POSSESSION OF THEAPARTMENT Clause in Contracts

POSSESSION OF THEAPARTMENT. 7.1 Schedule for possession of the said Unit - The Owner/Xxxxxxxx agrees and understands that timely delivery of possession of the Unit to the Allottee(s) and the common areas to the Association of Allottees is the essence of the Agreement. The Owner/Promoter assures to hand over possession of the Unit on completion of the respective Block of the Project on 31.10.2021, however, possession of ready and complete common areas with all specifications, amenities and facilities of the Project in place within reasonable time 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 Owner/Promoter shall be entitled to the extension of time for delivery of possession of the Unit. 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 Owner/Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Owner/Promoter shall refund to the Allottee(s) the entire amount received by the Owner/Promoter from the allotment within 45 days from that date. The Owner/Promoter shall intimate the Allottee(s) about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s), the Allottee(s) agrees that he/she/they/its shall not have any rights, claims etc. against the Owner/Promoter and that the Owner/Promoter shall be released and discharged from all its obligations and liabilities under this Agreement;

POSSESSION OF THEAPARTMENT. 7.1 Schedule for possession of the said Unit - Apartment: The OwnerVendor/Xxxxxxxx agrees and understands that timely delivery of possession of the Unit to the Allottee(s) and the common areas to the Association of Allottees Apartment is the essence of the Agreement. The Owner/Promoter Promoter, based on the approved plansand specifications, assures to hand over possession of the Unit Apartment on completion of the respective Block of the Project on 31.10.2021December, however2026, possession of ready and complete common areas with all specifications, amenities and facilities of the Project in place within reasonable time unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, non-availability of materials, 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/s agrees that the OwnerVendor/Promoter shall be entitled to the extension of time for delivery of possession of the Unit. Provided 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) Allottee/s agrees and confirms that, in the event it becomes impossible for the OwnerVendor/Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the OwnerVendor/Promoter shall refund to the Allottee(s) Allottee/s the entire amount received by the OwnerVendor/Promoter from the allotment within 45 days from that date. The Owner/Promoter shall intimate the Allottee(s) about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s)Allottee/s, the Allottee(s) Xxxxxxxx/s agrees that he/she/they/its she shall not have any rights, claims etc. against the OwnerVendor/Promoter and that the OwnerVendor/Promoter shall be released and discharged from all its obligations and liabilities under this Agreement;.

POSSESSION OF THEAPARTMENT. 7.1 Schedule for possession of the said Unit - Apartment: The OwnerVendor/Xxxxxxxx Xxxxxxxxx agrees and understands that timely delivery of possession of the Unit to the Allottee(s) and the common areas to the Association of Allottees Apartment is the essence of the Agreement. The OwnerVendor/Promoter Developer, based on the approved plans and specifications, assures to hand over possession of the Unit Apartment on completion of the respective Block of the Project on 31.10.2021, however, possession of ready and complete common areas with all specifications, amenities and facilities of the Project in place within reasonable time 13.09.2026 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) Allottee/s agrees that the OwnerVendor/Promoter Developer shall be entitled to the extension of time for delivery of possession of the Unit. Provided 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) Allottee/s agrees and confirms that, in the event it becomes impossible for the OwnerVendor/Promoter Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the OwnerVendor/Promoter Developer shall refund to the Allottee(s) Allottee/s the entire amount received by the OwnerVendor/Promoter Developer from the allotment within 45 days from that date. The Owner/Promoter shall intimate the Allottee(s) about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s)Allottee/s, the Allottee(s) Xxxxxxxx/s agrees that he/she/they/its he/ she shall not have any rights, claims etc. against the OwnerVendor/Promoter Developer and that the OwnerVendor/Promoter Developer shall be released and discharged from all its obligations and liabilities under this Agreement;.

POSSESSION OF THEAPARTMENT. 7.1 Schedule for possession of the said Unit - Apartment: The Owner/Xxxxxxxx Promoter agrees and understands that timely delivery of possession of the Unit to the Allottee(s) and the common areas to the Association of Allottees [Apartment] is the essence of the Agreement. The Owner/Promoter Promoter, based on the approved plans and specifications, assures to hand over possession of the Unit [Apartment] on completion of the respective Block of the Project on 31.10.2021, however, possession of ready and complete common areas with all specifications, amenities and facilities of the Project in place within reasonable time 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) Allottee agrees that the Owner/Promoter shall be entitled to the extension of time for delivery of possession of the Unit. Provided [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) Allottee agrees and confirms that, in the event it becomes impossible for the Owner/Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Owner/Promoter shall refund to the Allottee(s) Allottee the entire amount received by the Owner/Promoter from the allotment within 45 days from that date. The Owner/Promoter shall intimate the Allottee(s) about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s)Allottee, the Allottee(s) Xxxxxxxx agrees that he/she/they/its he/ she shall not have any rights, claims etc. against the Owner/Promoter and that the Owner/Promoter shall be released and discharged from all its obligations and liabilities under this Agreement;.

POSSESSION OF THEAPARTMENT. 7.1 Schedule for possession of the said Unit - Apartment: The OwnerVendors/Xxxxxxxx agrees and understands that timely delivery of possession of the Unit to the Allottee(s) and the common areas to the Association of Allottees Apartment is the essence of the Agreement. The Owner/Promoter Promoter, based on the approved plansand specifications, assures to hand over possession of the Unit Apartment on completion of the respective Block of the Project on 31.10.202130th April, however2026, possession of ready and complete common areas with all specifications, amenities and facilities of the Project in place within reasonable time 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) Allottee/s agrees that the OwnerVendors/Promoter shall be entitled to the extension of time for delivery of possession of the Unit. Provided [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) Allottee/s agrees and confirms that, in the event it becomes impossible for the OwnerVendors/Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the OwnerVendors/Promoter shall refund to the Allottee(s) Allottee/s the entire amount received by the OwnerVendors/Promoter from the allotment within 45 days from that date. The Owner/Promoter shall intimate the Allottee(s) about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s)Allottee/s , the Allottee(s) Xxxxxxxx/s agrees that he/she/they/its he/ she shall not have any rights, claims etc. against the OwnerVendors/Promoter and that the OwnerVendors/Promoter shall be released and discharged from all its obligations and liabilities under this Agreement;.

POSSESSION OF THEAPARTMENT. 7.1 Schedule for possession of the said Unit - Apartment: The OwnerVendor/Xxxxxxxx agrees and understands that timely delivery of possession of the Unit to the Allottee(s) and the common areas to the Association of Allottees Apartment is the essence of the Agreement. The Owner/Promoter Promoter, based on the approved plansand specifications, assures to hand over possession of the Unit Apartment on completion of the respective Block of the Project on 31.10.202131.03.2026, however, possession of ready and complete common areas with all specifications, amenities and facilities of the Project in place within reasonable time 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 Page No. 13 DRAFT SAMPLE then the Allottee(s) Allottee/s agrees that the OwnerVendor/Promoter shall be entitled to the extension of time for delivery of possession of the Unit. Provided 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) Allottee/s agrees and confirms that, in the event it becomes impossible for the OwnerVendor/Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the OwnerVendor/Promoter shall refund to the Allottee(s) Allottee/s the entire amount received by the OwnerVendor/Promoter from the allotment within 45 days from that date. The Owner/Promoter shall intimate the Allottee(s) about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s)Allottee/s, the Allottee(s) Xxxxxxxx/s agrees that he/she/they/its she shall not have any rights, claims etc. against the OwnerVendor/Promoter and that the OwnerVendor/Promoter shall be released and discharged from all its obligations and liabilities under this Agreement;.

POSSESSION OF THEAPARTMENT. 7.1 Schedule for possession of the said Unit - Apartment: The OwnerVendors/Xxxxxxxx agrees and understands that timely delivery of possession of the Unit to the Allottee(s) and the common areas to the Association of Allottees Apartment is the essence of the Agreement. The Owner/Promoter Promoter, based on the approved plans and specifications, assures to hand over handover possession of the Unit Apartment on completion of the respective Block of the Project on 31.10.2021or before 31st December, however2025, possession of ready and complete common areas with all specifications, amenities and facilities of the Project in place within reasonable time 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) Allottee/s agrees that the OwnerVendors/Promoter shall be entitled to the extension of time for delivery of possession of the Unit. Provided 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) Allottee/s agrees and confirms that, in the event it becomes impossible for the OwnerVendors/Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the OwnerVendors/Promoter shall refund to the Allottee(s) Allottee/s the entire amount received by the OwnerVendors/Promoter from the allotment within 45 days from that date. The Owner/Promoter shall intimate the Allottee(s) about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee(s)Allottee/s, the Allottee(s) Xxxxxxxx/s agrees that he/she/they/its she shall not have any rights, claims etc. against the OwnerVendors/Promoter and that the OwnerVendors/Promoter shall be released and discharged from all its obligations and liabilities under this Agreement;.

POSSESSION OF THEAPARTMENT. 7.1 Schedule for possession of the said Unit - Apartment— The Owner/Xxxxxxxx Developer agrees and understands that timely delivery of possession of the Unit Apartment to the Allottee(s) and the common areas to the Association of Allottees Purchaser/Allottee is the essence of the Agreement. The Owner/Promoter Developer assures to hand over possession of the Unit Apartment on completion of the respective Block of the Project on 31.10.2021, however, possession of ready and complete common areas with all specifications, amenities and facilities of the Project in place within reasonable time or before 31st March,2024 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) Purchaser/Xxxxxxxx agrees that the Owner/Promoter Developer shall be entitled to the extension of time for delivery of possession of the UnitApartment. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee(s) Purchaser/Xxxxxxxx agrees and confirms that, in the event it becomes impossible for the Owner/Promoter Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Owner/Promoter Developer shall refund to the Allottee(s) Purchaser/Allottee the entire amount received by the Owner/Promoter Developer from the allotment excluding Booking amount ,Taxes& Fees, if any within 45 (Forty five) days from that date. The Owner/Promoter shall intimate the Allottee(s) about such termination at least thirty days prior to such termination. .. After refund of the money paid by the Allottee(s)Purchaser/Allottee, the Allottee(s) Purchaser/Xxxxxxxx agrees that he/she/they/its she shall not have any rights, claims etc. against the Owner/Promoter and Developerand that the Owner/Promoter shall Developershall be released and discharged from all its obligations and liabilities under this Agreement;thisAgreement.