Preferential Location Sample Clauses
A Preferential Location clause designates specific areas or spaces within a property that are reserved for the exclusive or priority use of a particular tenant or party. In practice, this clause might grant a retail tenant the right to occupy a storefront in a high-traffic section of a shopping center or ensure an office tenant receives a suite with particular views or amenities. The core function of this clause is to secure a competitive advantage or operational benefit for the tenant by guaranteeing access to desirable locations, thereby addressing concerns about visibility, accessibility, or business performance.
Preferential Location. That the Vendee has specifically agreed that he/ she/ they shall pay as Preferential Location Charges (PLC) a sum of Rs. calculated at the rate of Rs. /- per sq. ft.( Rs. /- per sq. mtrs.) of Super Area for the unit located in the said Aarohan Residences for a preferentially located Unit. The Vendee agrees that if due to change in layout plan/building plan of the said Aarohan Residences, the said Unit ceases to be preferentially located or falls under lower category of Preferential Location, then the Vendor shall be liable to refund only the amount or the differential amount of such component of preferential location charges paid by the Vendee without any interest and such refund shall be made/ adjusted in the last instalment as stated in the schedule of payments in Annexure-I. If however the Unit becomes preferentially located or falls in the higher category of Preferential Vendor 7 Vendee Location, which was not at the time of the provisional allotment/ allotment made herein, as the case may be, the Vendee shall be liable to pay such component of the preferential location charges as applicable then and shall be payable along with the next instalment.
Preferential Location. That the Vendee has specifically agreed that he/ she/ they shall pay as Preferential Location Charges (PLC) a sum of Rs. calculated at the rate of Rs. /- per sq. ft.( Rs. /- per sq. mtrs.) of Super Area for flats located in the said Group Housing Complex for a preferentially located Flat. The Vendee agrees that if due to change in layout plan/building plan of the said Group Housing Complex, the said Flat ceases to be preferentially located, then the Vendor shall be liable to refund only the amount of such component of preferential location charges paid by the Vendee without any interest and such refund shall be made/ adjusted in the last instalment as stated in the schedule of payments in Annexure-I. If however the Flat becomes preferentially located, which was not at the time of the Application, the Vendee shall be liable to pay such component of the preferential location charges as applicable then and shall be payable along with the next instalment.
Preferential Location. Charges (PLC)
Preferential Location. THAT the Developers, Apart from basic price, shall fix Preferential location charges (PLC) of the Apartment and if the purchaser opts for booking of any such Apartment, he/she also be liable to pay such additional charges as are fixed for such Preferentially located units. Conversely, if the Apartment opted ceases to be preferentially located, the developers shall adjust the PLC (without interest) paid by the purchaser at the time when the apartment is offered for possession.