Common use of RESTRICTIONS ON ALIENATION Clause in Contracts

RESTRICTIONS ON ALIENATION. The allottee may assign this agreement any time before the registration of the Deed of Sub- Lease, subject to the following conditions; i) The profile of the assignee is accepted by the Promoter. ii) An assignment fee equivalent to [] % ([] percent) of the Premium together with applicable taxes, if any, payable thereon has been paid to the Promoter. The Promoter shall consent to such assignment only upon being paid the fee / charge as aforesaid; iii) All amounts agreed to be payable by the allottee(s) intending to assign this Agreement has already been paid to the Promoter. iv) Any such assignment or alienation shall be subject to the terms conditions agreements and covenants contained hereunder and on the part of the Allottee to be observed fulfilled and performed; v) All stamp duty and registration charges, legal fees and other charges and outgoings as maybe occasioned due to aforesaid transfer / nomination / assignment/alienation shall be payable by the Allottee or its transferee.

Appears in 2 contracts

Samples: Sub Lease Agreement, Sub Lease Agreement

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RESTRICTIONS ON ALIENATION. The allottee may assign this agreement any time before the registration of the Deed of Sub- Lease, subject to the following conditions; i) The profile of the assignee is accepted by the Promoter. ii) An assignment fee equivalent to [] % ([] percent) of the Premium together with applicable taxes, if any, payable thereon has been paid to the PromoterPromoter OR INR /- (Rupees ) only, whichever is lower. The Promoter shall consent to such assignment only upon being paid the fee / charge as aforesaid; iii) All amounts agreed to be payable by the allottee(s) intending to assign this Agreement has already been paid to the Promoter. iv) Any such assignment or alienation shall be subject to the terms conditions agreements and covenants contained hereunder and on the part of the Allottee to be observed fulfilled and performed; v) All stamp duty and registration charges, legal fees and other charges and outgoings as maybe occasioned due to aforesaid transfer / nomination / assignment/alienation shall be payable by the Allottee or its transferee.

Appears in 2 contracts

Samples: Sub Lease Agreement, Sub Lease Agreement

RESTRICTIONS ON ALIENATION. The allottee may assign this agreement any time before the registration of the Deed of Sub- Lease, subject to the following conditions; i) The profile of the assignee is accepted by the Promoter. ii) An assignment fee equivalent to [] % ([] percent) of the Premium together with applicable taxes, if any, payable thereon has been paid to the PromoterPromoter OR INR /- (Rupees ) only, whichever is lower. The Promoter shall consent to such assignment only upon being paid the fee / charge as aforesaid; iii) All amounts agreed to be payable by the allottee(s) intending to assign this Agreement has already been paid to the Promoter. iv) Any such assignment or alienation shall be subject to the terms conditions agreements and covenants contained hereunder and on the part of the Allottee to be observed fulfilled and performed; v) All stamp duty and registration charges, legal fees and other charges and outgoings as maybe occasioned due to aforesaid transfer / nomination / assignment/alienation shall be payable by the Allottee or its transferee.

Appears in 1 contract

Samples: Sub Lease Agreement

RESTRICTIONS ON ALIENATION. The allottee may assign this agreement any time before the registration of the Deed of Sub- Lease, subject to the following conditions; i) The profile of the assignee is accepted by the Promoter. ii) An assignment fee equivalent to [] % ([] percent) of the Premium together with applicable taxes, if any, payable thereon has been paid to the Promoter. The Promoter shall consent to such assignment only upon being paid the fee / charge as aforesaid; iii) All amounts agreed to be payable by the allottee(s) intending to assign this Agreement has already been paid to the Promoter. iv) Any such assignment or alienation shall be subject to the terms conditions agreements and covenants contained hereunder and on the part of the Allottee to be observed fulfilled and performed; v) All stamp duty and registration charges, legal fees and other charges and outgoings as maybe occasioned due to aforesaid transfer / nomination / assignment/alienation shall be payable by the Allottee or its transferee.

Appears in 1 contract

Samples: Sub Lease Agreement

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RESTRICTIONS ON ALIENATION. The allottee Allottee may assign this agreement any time after 24 (twenty-four) months from the date of allotment) but before the registration of the Deed of Sub- LeaseNotice For Possession, subject to the following conditions;: (i) The profile of the assignee allottee is accepted by the PromoterDeveloper. (ii) An assignment A transfer fee equivalent to [] 1% ([] one percent) of the Premium Consideration amount together with applicable taxes, if any, payable thereon has been paid to the PromoterDeveloper. The Promoter Developer shall consent to such assignment transfer only upon being paid the fee / charge as aforesaid; (iii) All amounts agreed to be payable by the allottee(s) intending to assign this Agreement has already been paid to the PromoterDeveloper. (iv) Any such assignment transfer or alienation shall be subject to the terms conditions agreements and covenants contained hereunder and on the part of the Allottee to be observed fulfilled and performed; (v) All stamp duty and registration charges, legal fees and other charges and outgoings as maybe occasioned due to aforesaid transfer / nomination / assignment/alienation shall be payable by the Allottee or its transferee. (vi) In case of transfer of allotment to a transferee after execution and registration of these presents, the allottee is required to cancel these presents by registered Deed of Cancellation and hand it over to the Developer prior to such transfer

Appears in 1 contract

Samples: Agreement for Sale

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