Common use of PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE Clause in Contracts

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

Appears in 7 contracts

Samples: Agreement for Sale, Sale Agreement, Agreement for Sale

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PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Owner & the Promoter executes execute this Agreement he Agreement, they shall not mortgage or create a charge on the Apartment/Plot/Building and Apartment and, if any any, such mortgage or charge is made or created then notwithstanding not withstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

Appears in 7 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building residential unit and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Buildingresidential unit.

Appears in 5 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

Appears in 3 contracts

Samples: Agreement for Sale, Sale Agreement, Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building Designated Apartment and if any such mortgage or charge is made or created then notwithstanding anything any contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Designated Apartment/Plot/Building.

Appears in 3 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement save and except as may be required to obtain construction finance, he shall not mortgage or create a charge on the Apartment/Plot/Building Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

Appears in 3 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee Allottees who has have taken or agreed to take such Apartment/Plot/Building.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall Promoterexecutesthis Agreement, theyshall not mortgage or create a charge on mortgageorcreateachargeon the Said Apartment/Plot/Building and , and, if any any, such mortgage or charge is made or created then notwithstanding not withstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Allotteewho hastakenoragreedto takesuch Apartment/Plot/Building.

Appears in 2 contracts

Samples: Transfer Agreement, Transfer Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he Promoters issue the Possession letter in favour of the Allottee, they shall not mortgage or create a charge on the Apartment/Plot/Building Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Parties execute this Agreement, neither the Seller nor the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building Apartment and if any such mortgage or charge is made or created created, then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he Agreement, it shall not mortgage or create a charge on the Apartment/Plot/Building Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

Appears in 2 contracts

Samples: Sale Agreement, Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he Agreement, the Promoter shall not mortgage or create a separate charge on the Apartment/Plot/Building this Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

Appears in 1 contract

Samples: Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall not create any further mortgage or create a charge and /or charges on the Apartment/Plot/Building said Apartment (excluding existing charges) and if any such mortgage or charge is further made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

Appears in 1 contract

Samples: Agreement for Allotment of Apartment

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/said Apartment/ Space / Building and if any such mortgage or charge is made or created then notwithstanding anything contained anythingcontained in any other law for the time being in force, such mortgage or for charge shall not affect the affectthe right and interest of the Allottee Allottee(s) who has taken or agreed to take such Apartment/Plot/Apartment/ Building.

Appears in 1 contract

Samples: Agreement for Sale

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building said Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee Allottee/s who has taken or agreed to take such said Apartment/Plot/Building.

Appears in 1 contract

Samples: Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building said Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or for charge shall not affect the right and interest of the Allottee Allottees who has taken or agreed to take such Apartment/Plot/Building.

Appears in 1 contract

Samples: Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter Promoters executes this Agreement he they shall not mortgage or create a separate charge on the Apartment/Plot/Building this Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

Appears in 1 contract

Samples: Sale Agreement

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PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter Promoters executes this Agreement he they shall not mortgage or create a charge on the Apartment/Plot/Building , and if any any, such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee Allottee/s, who has taken or agreed to take such Apartment/Plot/Building.

Appears in 1 contract

Samples: Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building , and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

Appears in 1 contract

Samples: Agreement for Sale

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement save and except as disclosed herein or as may be required to obtain construction finance, he shall not mortgage or create a charge on the Apartment/Plot/Building Said Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Said Apartment/Plot/Building.

Appears in 1 contract

Samples: Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he executesthis Agreement, they shall not mortgage or create a charge on the Said Apartment/Plot/Building and , and, if any any, such mortgage or charge is made or created then notwithstanding not withstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the ofthe Allottee who has taken or agreed to take oragreedtotake such Apartment/Plot/BuildingApartment .

Appears in 1 contract

Samples: Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes Promoters execute this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building.

Appears in 1 contract

Samples: Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement it/he shall not mortgage or create a charge on the Apartment/PlotBuilding/Building Buildings and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment/Plot/Building].

Appears in 1 contract

Samples: Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building , and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such [Apartment/Plot/Building].

Appears in 1 contract

Samples: Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement Agreement, he shall not mortgage or create a charge on the Apartment/Plot/Building particular Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in if any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee Allottees who has taken or agreed to take such Apartment/Plot/Buildingapartment.

Appears in 1 contract

Samples: Sale Agreement

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter The promoter executes this Agreement agreement he shall not mortgage or create a charge on the Apartment/Plot/Building apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee allottee who has taken or agreed to take such Apartment/Plot/Buildingapartment.

Appears in 1 contract

Samples: Agreement for Sale

PROMOTER SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Promoter executes this Agreement he shall not mortgage or create a charge on the Apartment/Plot/Building Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such [Apartment/Plot/Building].

Appears in 1 contract

Samples: Agreement for Sale

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