Common use of POSSESSION OF THEAPARTMENT Clause in Contracts

POSSESSION OF THEAPARTMENT. 7.1 Schedule for possession of the said Apartment: The Vendors/Xxxxxxxx agrees and understands that timely delivery of possession of the Apartment is the essence of the Agreement. The Promoter, based on the approved plansand specifications, assures to hand over possession of the Apartment on or before 31.12.2025, 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 Vendors/Promoter shall be 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 Vendors/Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendors/Promoter shall refund to the Allottee/s the entire amount received by the Vendors/Promoter 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 shall not have any rights, claims etc. against the Vendors/Promoter and that the Vendors/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 Apartment: The Vendors/Xxxxxxxx agrees and understands that timely delivery of possession of the Apartment is the essence of the Agreement. The Promoter, based on the approved plansand specifications, assures to hand over possession of the Apartment on or before 31.12.202530th April, 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 agrees that the Vendors/Promoter shall be 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 Vendors/Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendors/Promoter shall refund to the Allottee/s the entire amount received by the Vendors/Promoter from the allotment within 45 days from that date. After refund of the money paid by the Allottee/ss , Xxxxxxxx/s agrees that he/he/ she shall not have any rights, claims etc. against the Vendors/Promoter and that the Vendors/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 Apartment: The Vendors/Xxxxxxxx agrees and understands that timely delivery of possession of the Apartment is the essence of the Agreement. The Promoter, based on the approved plansand plans and specifications, assures to hand over handover possession of the Apartment on or before 31.12.202531st December, 2025, 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 Vendors/Promoter shall be 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 Vendors/Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendors/Promoter shall refund to the Allottee/s the entire amount received by the Vendors/Promoter 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 shall not have any rights, claims etc. against the Vendors/Promoter and that the Vendors/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 Apartment: The VendorsVendor/Xxxxxxxx agrees and understands that timely delivery of possession of the Apartment is the essence of the Agreement. The Promoter, based on the approved plansand specifications, assures to hand over possession of the Apartment on or before 31.12.202531.03.2026, 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 Page No. 13 DRAFT SAMPLE then the Allottee/s agrees that the VendorsVendor/Promoter shall be 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 VendorsVendor/Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the VendorsVendor/Promoter shall refund to the Allottee/s the entire amount received by the VendorsVendor/Promoter 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 shall not have any rights, claims etc. against the VendorsVendor/Promoter and that the VendorsVendor/Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THEAPARTMENT. PLOT 7.1 Schedule for possession of the said Apartment: The Vendors/Xxxxxxxx Vendor agrees and understands that timely delivery of possession of the Apartment is the essence of the Agreement. The PromoterVendor, based on the approved plansand plans and specifications, assures to hand over possession of the Apartment on or before 31.12.2025, 02.06.2026 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 agrees that the Vendors/Promoter Vendor shall be 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 Vendors/Promoter Vendor to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendors/Promoter Vendor shall refund to the Allottee/s the entire amount received by the Vendors/Promoter Vendor from the allotment within 45 days from that date. After refund of the money paid by the Allottee/s, Xxxxxxxx/s agrees that he/he/ she shall not have any rights, claims etc. against the Vendors/Promoter Vendor and that the Vendors/Promoter Vendor 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 Apartment: The VendorsVendor/Xxxxxxxx Xxxxxxxxx agrees and understands that timely delivery of possession of the Apartment is the essence of the Agreement. The PromoterVendor/Developer, based on the approved plansand plans and specifications, assures to hand over possession of the Apartment on or before 31.12.2025, 09.02.2026 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 agrees that the VendorsVendor/Promoter Developer shall be 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 VendorsVendor/Promoter Developer to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the VendorsVendor/Promoter Developer shall refund to the Allottee/s the entire amount received by the VendorsVendor/Promoter 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/he/ she shall not have any rights, claims etc. against the VendorsVendor/Promoter Developer and that the VendorsVendor/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 Apartment: The VendorsVendor/Xxxxxxxx agrees and understands that timely delivery of possession of the Apartment is the essence of the Agreement. The Promoter, based on the approved plansand specifications, assures to hand over possession of the Apartment on or before 31.12.2025December, 2026, 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 agrees that the VendorsVendor/Promoter shall be 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 VendorsVendor/Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the VendorsVendor/Promoter shall refund to the Allottee/s the entire amount received by the VendorsVendor/Promoter 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 shall not have any rights, claims etc. against the VendorsVendor/Promoter and that the VendorsVendor/Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.