Common use of PROMOTER’S COVENANTS Clause in Contracts

PROMOTER’S COVENANTS. 12.1 The Promoter covenant with the Allottee/s as follows: 1. That the Schedule B Property when conveyed to the Allottee/s shall be free from any charge, attachment, encumbrances of any kind; 2. That the Promoter is the absolute owner of the Schedule A Property and that their title thereto is good, marketable and subsisting and they have the power to convey the same and right to carry on the development as per the scheme of development; 3. That the Promoter will pay all taxes, rates and cesses in respect of the Schedule B Property up to the date of intimation of the said Plot being ready for possession or till the date of registration of the Sale Deed, whether possession is taken or not, whichever is earlier.