Common use of QUIT RENTS ETC Clause in Contracts

QUIT RENTS ETC. Any arrears of maintenance charges, quit rent and assessments due and payable in respect of the property to any relevant authority or the Developer or Proprietor or relevant third parties up to the date of sale shall be paid out of the purchase money and any such sums due and payable after the date of sale shall be borne by the Purchaser. 14.1. The Purchaser shall within three (3) months from the date of auction sale notify the Assignee of any arrears of quit rent, assessment and maintenance charges excluding utilities bills which is due to any relevant authority or the developer up to date of the auction sale falling which the Assignee shall not be held liable for any claim (s) thereof. The Assignee, upon receipt of the request for extension in writing from the purchaser, may in its absolute discretion extend the notification period for a further thirty (30) days.

Appears in 14 contracts

Samples: Property Sale Agreement, Deed of Assignment (By Way of Security), Property Sale Agreement

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QUIT RENTS ETC. Any arrears of quit maintenance charges, quit rent and assessments due and payable in respect of the property to any relevant authority or the Developer or Proprietor or relevant third parties up to the date of sale shall be paid out of the purchase money and any such sums due and payable after the date of sale shall be borne by the Purchaser. 14.1. The Purchaser shall within three (3) months from the date of auction sale notify the Assignee of any arrears of quit rent, taxes, rates assessment and maintenance charges excluding utilities bills which is due to any relevant authority or the developer up to date of the auction sale falling which the Assignee shall not be held liable for any claim (s) thereof. The Assignee, upon receipt of the request for extension in writing from the purchaser, may in its absolute discretion extend the notification period for a further thirty (30) days.

Appears in 7 contracts

Samples: Property Purchase Agreement and Deed of Assignment, Property Sale Agreement, Property Sale Agreement

QUIT RENTS ETC. Any arrears of maintenance charges, quit rent and assessments due and payable in respect of the property Property to any relevant authority or the Developer or Developer/Proprietor or relevant third parties up to the date of sale shall be paid out of the purchase money and any such sums due and payable after the date of sale shall be borne by the Purchaser. 14.1. The Purchaser shall within three (3) months from the date of auction sale notify the Assignee Assignee/Co-operative of any arrears of quit rent, taxes, assessment and maintenance charges excluding utilities bills which is due to any relevant authority or the developer Developer/Proprietor up to date of the auction sale falling failing which the Assignee Assignee/Co-operative shall not be held liable for any claim (s) thereof. The Assignee/Co-operative, upon receipt of the request for extension in writing from the purchaserPurchaser, may in its absolute discretion extend the notification period for a further thirty (30) days.

Appears in 1 contract

Samples: Master Facility Agreement

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QUIT RENTS ETC. Any arrears of quit maintenance charges, quit rent and assessments due and payable in respect of the property to any relevant authority or the Developer or Proprietor or relevant third parties up to the date of sale shall be paid out of the purchase money and any such sums due and payable after the date of sale shall be borne by the Purchaser. 14.1. The Purchaser shall within three (3) months from the date of auction sale notify the Assignee of any arrears of quit rent, assessment and maintenance charges excluding utilities bills which is due to any relevant authority or the developer up to date of the auction sale falling which the Assignee shall not be held liable for any claim (s) thereof. The Assignee, upon receipt of the request for extension in writing from the purchaser, may in its absolute discretion extend the notification period for a further thirty (30) days.

Appears in 1 contract

Samples: Property Sale Agreement

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