Common use of Quit Rent & Other Outgoings Clause in Contracts

Quit Rent & Other Outgoings. 12.1. Quit rent and assessment charges payable of the property shall be apportioned as at the date of sale and portion attributable for the period up to the date of sale shall be paid out of the purchase money (provided that the Purchaser extracts a copy of such bills and request for payment from the Assignee / Bank within sixty (60) days from the date of the sale or the date of the Assignee / Bank’s receipt of the full proceeds, whichever is earlier) and any such sums due and payable after the date of sale shall be borne by the Purchaser).

Quit Rent & Other Outgoings. 12.1. Quit rent and assessment charges payable of the property shall be apportioned as at the date of sale and portion attributable for the period up to the date of sale shall be paid out of the purchase money (provided that the Purchaser extracts a copy of such bills and request for payment from the Assignee / Bank within w ithin sixty (60) days from the date of the sale or the date of the Assignee / Bank’s receipt of the full proceeds, whichever w hichever is earlier) and any such sums due and payable after the date of sale shall be borne by the Purchaser).