Common use of RESTRICTIONS ON ALIENATION Clause in Contracts

RESTRICTIONS ON ALIENATION. Before taking actual physical possession of the Designated Apartment in terms of this agreement and execution and registration of the Sale Deed to be executed in pursuance hereof, the Allottee shall not deal with, let out, encumber, transfer or alienate the Designated Apartment or his rights under this Agreement without the consent in writing of the Promoter first had and obtained in writing Provided That the Allottee may transfer or alienate the Designated Apartment or its rights under this Agreement with the consent in writing of the Promoter and after the Allottee having made payment of the entirety of all amounts payable hereunder to the Promoter and not being in default in observance of his obligations under this Agreement And Subject Nevertheless To the following terms and conditions:

RESTRICTIONS ON ALIENATION. Before taking actual physical possession of the Designated Apartment in terms of this agreement and execution and registration of the Sale Deed to be executed in pursuance hereof, the Allottee shall not deal with, let out, encumber, transfer or alienate the Designated Apartment or his rights under this Agreement without the consent in writing of the Promoter first had and obtained in writing Provided That the Allottee may transfer or alienate the Designated Apartment or its rights under this Agreement with the consent in writing of the Promoter and after the Allottee having made payment of the entirety of all amounts payable hereunder to the Promoter and not being in default in observance of his obligations under this Agreement And Subject Nevertheless To the following terms and conditions: