Common use of Promoter’s Charge/Lien Clause in Contracts

Promoter’s Charge/Lien. The Promoter shall have first charge and/or lien over the Said Flat And Appurtenances for all amounts due and payable by the Allottee to the Promoter provided however if the Said Flat And Appurtenances is purchased with assistance of a financial institution, then such charge/lien of the Promoter shall stand extinguished on the financial institution clearing all dues of the Promoter.

Promoter’s Charge/Lien. The Promoter shall have first charge and/or lien over the Said Flat Unit And Appurtenances for all amounts due and payable by the Allottee Allottee/Transferee to the Promoter provided however if the Said Flat Unit And Appurtenances is purchased acquired with assistance of a financial institution, then such charge/lien of the Promoter shall stand extinguished on the financial institution clearing all dues of the Promoter.

Promoter’s Charge/Lien. The Promoter Promoters shall have first charge and/or lien over the Said Flat And Appurtenances for all amounts due and payable by the Allottee Allottee/s to the Promoter Promoters provided however if the Said Flat And Appurtenances is purchased with assistance of a financial institution, then such charge/lien of the Promoter Promoters shall stand extinguished on the financial institution clearing all dues of the PromoterPromoters.

Promoter’s Charge/Lien. The Promoter shall have first charge and/or lien over the Said Flat Bungalow And Appurtenances for all amounts due and payable by the Allottee to the Promoter provided however if the Said Flat Bungalow And Appurtenances is purchased with assistance of a financial institution, then such charge/lien of the Promoter shall stand extinguished on the financial institution clearing all dues of the Promoter.

Promoter’s Charge/Lien. The Promoter shall have first charge and/or lien over the Said Flat Bungalow And Appurtenances for all amounts due and payable by the Allottee Allottees to the Promoter provided however if the Said Flat Bungalow And Appurtenances is purchased with assistance of a financial institution, then such charge/lien of the Promoter shall stand extinguished on the financial institution clearing all dues of the Promoter.

Promoter’s Charge/Lien. The Promoter shall have first charge and/or lien over the Said Flat Unit/Apartment And Appurtenances for all amounts due and payable by the Allottee to the Promoter provided however if the Said Flat Unit/Apartment And Appurtenances is purchased with assistance of a financial institution, then such charge/lien of the Promoter shall stand extinguished on the financial institution clearing all dues of the PromoterPromoter as applicable.

Promoter’s Charge/Lien. The Promoter shall have first charge and/or lien over the Said Flat And Appurtenances for all amounts due and payable by the Allottee Allottee/s to the Promoter Promoters provided however if the Said Flat And Appurtenances is purchased with assistance of a financial institution, then such charge/lien of the Promoter Developer shall stand extinguished on the financial institution clearing all dues of the PromoterDeveloper.

Promoter’s Charge/Lien. The Promoter shall have first charge and/or lien over the Said Flat Unit And Appurtenances for all amounts due and payable by the Allottee to the Promoter provided however if the Said Flat Unit And Appurtenances is purchased with assistance of a financial institution, then such charge/lien of the Promoter shall stand extinguished on the financial institution clearing all dues of the Promoter.