Common use of RAISING OF FINANCE BY PROMOTER Clause in Contracts

RAISING OF FINANCE BY PROMOTER. The ALLOTTEES understands and acknowledges that the said Land has been/will be mortgage by the Promoter to Financial Institutions of India for securing the Loan for the purpose of construction of the Project on the said Land and the ALLOTTEESs takes notice that he/she/they is/are required to obtain a No Objection Certificate from said financial institution of India for creation of any encumbrances on the said Land. The Allotees agrees and undertakes that he/she/they shall not create any encumbrances over the said Apartment till such time an NOC in writing is received from said financial institution of India. SCHEDULE- “A” PART-I (said property) PART I ALL THAT piece and parcel of land containing an area of 224.50 (Two Hundred Twenty Four point Five Zero only) decimal, more or less, Mouza Uttar kajirhat, R.S.& L.R. Dag no. 86 in Khatian No. 1405(land measuring about 2.50 Decimals), R.S. & L.R. Dag no. 87 in Khatian no. 1405 (land measuring about 3.4 Decimals), R.S. & L.R. Dag no 98 in Khatian No. 1405(land measuring about 8.80 Decimals), R.S. Dag no. 99 R.S. Khatian no. 94 & L.R. Dag no 99, L.R. Khatian No. 295, R.S. Dag no. 99 R.S. Khatian no. 94 & L.R. Dag no 99, L.R. Khatian No. 361(land measuring about 35 Decimals), R.S. & L.R. Dag no. 100, L.R. Khatian no. 616,1165,1164,1243,1405 (land measuring about 97.70 Decimals) R.S. & L.R. Dag no 101, L.R. Khatian no. 1405 (land measuring about 2.40 Decimals), R.S. & L.R. Dag no 102, L.R. Khatian no. 1405 (land measuring about 2.50 Decimals), R.S. & L.R. Dag no 103, L.R. Khatian no. 1405 (land measuring about 2.90 Decimals), R.S. & L.R. Dag no 104, X.X. Xxxxxxx no. 541, L.R. Khatian No. 541,45,141,179,714,711, (land measuring about 8.90 Decimals) X.X. & L.R. Dag no 105, L.R. Khatian no. 1243 (land measuring about 09 Decimals), R.S. & L.R. Dag no 106, L.R. Khatian no. 1405(land measuring about 2.10 Decimals), R.S. & L.R. Dag no 112, L.R. Khatian no. 153, R.S. & L.R. Dag No. 112, X.X. Xxxxxxx no. 51, L.R. Khatian No. 272, 568, 962, R.S. & L.R. Dag no. 112, X.X. Xxxxxxx No. 1232, R.S. & X.X Xxx no. 112, L.R. Khatian No. 1405, R.S. & X.X Xxx no. 112, X.X. Xxxxxxx no. 568 L.R. Khatian No. 1405(land measuring about 48.40 Decimals), R.S. & L.R Dag no. 114, X.X. Xxxxxxx no. 493, L.R. Khatian No. 1405(land measuring about 0.30 Decimal), X.X. & X.X Xxx no. 115, , L.R. Khatian No. 1243(land measuring about 34 Decimal) X.X. No. 22, Police Station Bishnupur, within the limits of Paschim Bishnupur Gram Panchayat area, A.D.S.R Bishnupur, District South 24 ParganasDistrict South 24 Parganas And butted and bounded as follows: On the North: R.S. Dag No. 106(P) On the South: 12M Wide Road On the East: R.S. Dag No. 109, 110(p), 111(P), 112(P), 115(P), 114(P) On the West: R.S. 106(P) ,98(P), 87(P) OR HOWSOEVER OTHERWISE the same now are or is or heretofore were or was situated butted bounded called known numbered described or distinguished. (The owners share in the said property as mentioned in the First Schedule)

RAISING OF FINANCE BY PROMOTER. The ALLOTTEES understands and acknowledges that the said Land has been/will be mortgage by the Promoter to Financial Institutions of India for securing the Loan for the purpose of construction of the Project on the said Land and the ALLOTTEESs takes notice that he/she/they is/are required to obtain a No Objection Certificate from said financial institution of India for creation of any encumbrances on the said Land. The Allotees agrees and undertakes that he/she/they shall not create any encumbrances over the said Apartment till such time an NOC in writing is received from said financial institution of India. SCHEDULE- “A” PART-I (said property) PART I ALL THAT piece and parcel of land containing an area of 224.50 (Two Hundred Twenty Four point Five Zero only) decimal, more or less, Mouza Uttar kajirhat, R.S.& L.R. Dag no. 86 in Khatian No. 1405(land measuring about 2.50 Decimals), R.S. & L.R. Dag no. 87 in Khatian no. 1405 (land measuring about 3.4 Decimals), R.S. & L.R. Dag no 98 in Khatian No. 1405(land measuring about 8.80 Decimals), R.S. Dag no. 99 R.S. Khatian no. 94 & L.R. Dag no 99, L.R. Khatian No. 295, R.S. Dag no. 99 R.S. Khatian no. 94 & L.R. Dag no 99, L.R. Khatian No. 361(land measuring about 35 Decimals), R.S. & L.R. Dag no. 100, L.R. Khatian no. 616,1165,1164,1243,1405 (land measuring about 97.70 Decimals) R.S. & L.R. Dag no 101, L.R. Khatian no. 1405 (land measuring about 2.40 Decimals), R.S. & L.R. Dag no 102, L.R. Khatian no. 1405 (land measuring about 2.50 Decimals), R.S. & L.R. Dag no 103, L.R. Khatian no. 1405 (land measuring about 2.90 Decimals), R.S. & L.R. Dag no 104, X.X. Xxxxxxx R.S. Khatian no. 541, L.R. Khatian No. 541,45,141,179,714,711, (land measuring about 8.90 Decimals) X.X. R.S. & L.R. Dag no 105, L.R. Khatian no. 1243 (land measuring about 09 Decimals), R.S. & L.R. Dag no 106, L.R. Khatian no. 1405(land measuring about 2.10 Decimals), R.S. & L.R. Dag no 112, L.R. Khatian no. 153, R.S. & L.R. Dag No. 112, X.X. Xxxxxxx R.S. Khatian no. 51, L.R. Khatian NoXx. 272000, 568000, 962000, R.S. X.X. & L.R. Dag no. 112, X.X. Xxxxxxx R.S. Khatian No. 1232, R.S. & X.X Xxx L.R Dag no. 112, L.R. Khatian No. 1405, R.S. & X.X Xxx L.R Dag no. 112, X.X. Xxxxxxx R.S. Khatian no. 568 L.R. Khatian No. 1405(land measuring about 48.40 Decimals), R.S. & L.R Dag no. 114, X.X. Xxxxxxx R.S. Khatian no. 493, L.R. Khatian No. 1405(land measuring about 0.30 Decimal), X.X. R.S. & X.X Xxx L.R Dag no. 115, , L.R. Khatian No. 1243(land measuring about 34 Decimal) X.X. No. 22, Police Station Bishnupur, within the limits of Paschim Bishnupur Gram Panchayat area, A.D.S.R BishnupurXxxxxxxxx, District South 24 ParganasDistrict South 24 Xxxxxxxx Xxxxx 00 XxxxxxxxXxxxxxxx Xxxxx 00 Parganas And butted and bounded as follows: On the North: R.S. Dag No. 106(P) On the South: 12M Wide Road On the East: R.S. Dag No. 109, 110(p), 111(P), 112(P), 115(P), 114(P) On the West: R.S. 106(P) ,98(P), 87(P) OR HOWSOEVER OTHERWISE the same now are or is or heretofore were or was situated butted bounded called known numbered described or distinguished. (The owners share in the said property as mentioned in the First Schedule)