Common use of Schedule for possession of the said Clause in Contracts

Schedule for possession of the said. [Schedule - “B” Property] : The Promoter/ Owner agrees and understands that timely delivery of possession of the [Schedule - “B” Property] is the essence of the Agreement. The Promoter/ Owner, based on the approved plans and specifications, assures to hand over possession of the [Schedule - “B” Property] on unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real-estate project (“Force Majeure”) and Pandemic situations (such as Covid-19) or any other diseases or due to law and order where it becomes difficult to continue the ongoing works. If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter/ Owner shall be entitled to the extension of time for delivery of possession of the [Schedule - “B” Property], provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter/ Owner to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter/ Owner shall refund to the Allottee the entire amount received by the Promoter/ Owner from the allotment within 45 days from that date. After refund of the money paid by the Allottee, Xxxxxxxx agrees that they shall not have any rights, claims etc. against the Promoter/ Owner and that the Promoter/ Owner shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

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Schedule for possession of the said. [Schedule - “B” Property] APARTMENT: The Promoter/ Owner Promoter agrees and understands that timely delivery of possession of the [Schedule - “B” PropertyApartment] to the Allottees and the common areas to the Association of Allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter/ Owner, based on the approved plans and specifications, Promoter assures to hand over handover possession of the [Schedule - “B” PropertyApartment/ Plot] along with ready and complete common areas with all specifications, amenities and facilities of the Project in place on 31st. December, 2025 unless there is delay or failure due to war, flood, drought, fire, cyclonepandemic, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the real-real estate project (“Force Majeure”) and Pandemic situations (such as Covid-19) or any other diseases or due to law and order where it becomes difficult to continue the ongoing works). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee Allottees agrees that the Promoter/ Owner Promoter shall be entitled to the extension of time for delivery of possession of the [Schedule - “B” Property], provided Apartment. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee Allottees agrees and confirms that, in the event it becomes impossible for the Promoter/ Owner Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter/ Owner Promoter shall refund to the Allottee Allottees the entire amount received by the Promoter/ Owner Promoter from the allotment Allotment within 45 days from that date. The Promoter shall intimate the Allottees about such termination at least thirty days prior to such termination. After refund of the money paid by the AllotteeAllottees, Xxxxxxxx agrees the Allottees agreed that they he/ she shall not have any rights, claims etc. against the Promoter/ Owner Promoter and that the Promoter/ Owner Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

Schedule for possession of the said. [Schedule - “B” Property] : Xxxxx –The Promoter/ Owner Promoter agrees and understands that timely delivery of possession of the [Schedule - “B” Property] said Villa to the Allottee(s) and the common areas to the Association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter/ Owner, based on the approved plans and specifications, Promoter assures to hand over handover possession of the [Schedule - “B” Property] said Villa along with ready and complete common areas with all specifications, amenities and facilities of the Project in place on ---------------------- unless there is delay or failure due to war, flood, drought, fire, cyclone, cyclone earthquake or any other calamity caused by nature affecting effecting the regular development of the real-real estate project (“Force Majeure”) and Pandemic situations (such as Covid-19) or any other diseases or due to law and order where it becomes difficult to continue the ongoing works). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees Allottee(s) agree(s) that the Promoter/ Owner Promoter shall be entitled to the extension of time for delivery of possession of the [Schedule - “B” Property], provided said Villa. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees Allottee(s) agree(s) and confirms confirm(s) that, in the event it becomes impossible for the Promoter/ Owner Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter/ Owner Promoter shall refund to the Allottee Allottee(s) the entire amount received by the Promoter/ Owner Promoter from the allotment Allotment within 45 days from that date. The Promoter shall intimate the Allottee(s) about such termination at least thirty days prior to such termination. After refund of the money paid by the AllotteeAllottee(s), Xxxxxxxx agrees the Allottee(s) agreed that he/ she/they shall not have any rights, claims etc. against the Promoter/ Owner Promoter and that the Promoter/ Owner Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

Schedule for possession of the said. [Schedule Apartment - “B” Property] : The Promoter/ Owner Promoter agrees and understands that timely delivery of possession of the [Schedule - “B” Property] Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter/ Owner, based on the approved plans and specifications, Promoter assures to hand over possession of the [Schedule - “B” Property] on Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place within 31st December 2027, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real-real estate project ("Force Majeure”) and Pandemic situations (such as Covid-19) or any other diseases or due to law and order where it becomes difficult to continue the ongoing works"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter/ Owner Promoter shall be entitled to the extension of time for delivery of possession of the [Schedule - “B” Property]Apartment, provided Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter/ Owner Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter/ Owner Promoter shall refund to the Allottee the entire amount received by the Promoter/ Owner Promoter from the allotment within 45 days from that date. The Promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, Xxxxxxxx the Allottee agrees that they he/ she shall not have any rights, claims etc. against the Promoter/ Owner Promoter and that the Promoter/ Owner Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

Schedule for possession of the said. [Schedule Unit - “B” Property] : The Promoter/ Owner Promoter agrees and understands that timely delivery of possession of the [Schedule - “B” Property] Unit to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter/ Owner, based on the approved plans and specifications, Promoter assures to hand over possession of the [Schedule - “B” Property] on Unit along with ready and complete common areas with all specifications, amenities and facilities of the project in place within 30th June 2025, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real-real estate project ("Force Majeure”) and Pandemic situations (such as Covid-19) or any other diseases or due to law and order where it becomes difficult to continue the ongoing works"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter/ Owner Promoter shall be entitled to the extension of time for delivery of possession of the [Schedule - “B” Property]Unit, provided Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter/ Owner Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter/ Owner Promoter shall refund to the Allottee the entire amount received by the Promoter/ Owner Promoter from the allotment within 45 days from that date. The Promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, Xxxxxxxx the Allottee agrees that they he/ she shall not have any rights, claims etc. against the Promoter/ Owner Promoter and that the Promoter/ Owner Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

Schedule for possession of the said. [Schedule Unit - “B” Property] : The Promoter/ Owner Promoter No.2 agrees and understands that timely delivery of possession of the [Schedule - “B” Property] Said Unit to the Allottee and the Common Areas to the association of allottees is the essence of the Agreement. The Promoter/ Owner, based on the approved plans and specifications, Promoter No.2 assures to hand over possession of the [Schedule - “B” Property] Said Unit along with ready and complete Common Areas with all specifications, amenities and facilities of the Complex in place on February, 2021, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real-estate project Complex (the Force MajeureFORCE MAJEURE) and Pandemic situations (such as Covid-19) or any other diseases or due to law and order where it becomes difficult to continue the ongoing works). If, however, the completion of the Project Complex is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter/ Owner Promoter No.2 shall be entitled to the extension of time for delivery of possession of the [Schedule - “B” Property]Complex, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter/ Owner Promoter No.2 to implement the project Complex due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter/ Owner Promoter No.2 shall refund to the Allottee the entire amount received by the Promoter/ Owner Promoter No.2 from the allotment within 45 days from that date. The Promoter No.2 shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, Xxxxxxxx the Allottee agrees that they the Allottee shall not have any rights, claims etc. against the Promoter/ Owner Promoter No.2 and that the Promoter/ Owner Promoter No.2 shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

Schedule for possession of the said. [Schedule Apartment - “B” Property] : The Promoter/ Owner Promoter agrees and understands that timely delivery of possession of the [Schedule - “B” Property] Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter/ Owner, based on the approved plans and specifications, Promoter assures to hand over possession of the [Schedule - “B” Property] on Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place within 30th December 2027, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real-real estate project ("Force Majeure”) and Pandemic situations (such as Covid-19) or any other diseases or due to law and order where it becomes difficult to continue the ongoing works"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter/ Owner Promoter shall be entitled to the extension of time for delivery of possession of the [Schedule - “B” Property]Apartment, provided Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter/ Owner Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter/ Owner Promoter shall refund to the Allottee the entire amount received by the Promoter/ Owner Promoter from the allotment within 45 days from that date. The Promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, Xxxxxxxx the Allottee agrees that they he/ she shall not have any rights, claims etc. against the Promoter/ Owner Promoter and that the Promoter/ Owner Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

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Schedule for possession of the said. [Schedule Unit - “B” Property] : The Promoter/ Owner Promoter agrees and understands that timely delivery of possession of the [Schedule - “B” Property] Said Unit to the Allottee and the Common Areas to the association of allottees is the essence of the Agreement. The Promoter/ Owner, based on the approved plans and specifications, Promoter assures to hand over possession of the [Schedule Said Unit along with ready and complete Common Areas with all specifications, amenities and facilities of the Phase - “B” Property] I in place on the expiry of __ ( ) months from the date of this agreement within a grace period of three months from that date, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real-estate project Phase - I (the Force MajeureFORCE MAJEURE) and Pandemic situations (such as Covid-19) or any other diseases or due to law and order where it becomes difficult to continue the ongoing works). If, however, the completion of the Project Phase - I is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter/ Owner Promoter shall be entitled to the extension of time for delivery of possession of the [Schedule - “B” Property]Said Unit, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter/ Owner Promoters to implement the project Phase - I due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter/ Owner Promoter shall refund to the Allottee the entire amount received by the Promoter/ Owner from the date of allotment within 45 days from that date. The Promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, Xxxxxxxx the Allottee agrees that they the Allottee shall not have any rights, claims etc. against the Promoter/ Owner Promoter (and/or the other two Promoters) and that the Promoter/ Owner Promoter (as also the other two Promoters) shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

Schedule for possession of the said. [Schedule Apartment - “B” Property] : The Promoter/ Owner Promoter agrees and understands that timely delivery of possession of the [Schedule - “B” Property] Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter/ Owner, based on the approved plans and specifications, Promoter assures to hand over possession of the [Schedule - “B” Property] on Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place within 30th June 2030, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real-real estate project ("Force Majeure”) and Pandemic situations (such as Covid-19) or any other diseases or due to law and order where it becomes difficult to continue the ongoing works"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter/ Owner Promoter shall be entitled to the extension of time for delivery of possession of the [Schedule - “B” Property]Apartment, provided Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter/ Owner Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter/ Owner Promoter shall refund to the Allottee the entire amount received by the Promoter/ Owner Promoter from the allotment within 45 days from that date. The Promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, Xxxxxxxx the Allottee agrees that they he/ she shall not have any rights, claims etc. against the Promoter/ Owner Promoter and that the Promoter/ Owner Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

Schedule for possession of the said. [Schedule - “B” Property] Apartment: The Promoter/ Owner Promoter agrees and understands that timely delivery of possession of the [Schedule - “B” Property] Apartment to the allottee and the common areas to the association of allottees or the Competent Authority, as the case may be, is the essence of the Agreement. The Promoter/ OwnerPromoter, based on the approved plans and specifications, assures to hand over possession of the [Schedule - “B” Property] Apartment to the allottee and the common areas to the association of allottees or the Competent Authority, as the case may be, on 31-10-2027, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real-real estate project (“Force Majeure”) and Pandemic situations (such as Covid-19) or any other diseases or due to law and order where it becomes difficult to continue the ongoing works). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter/ Owner Promoter shall be entitled to the extension of time for delivery of possession of the [Schedule - “B” Property]Apartment to the allottee and the common areas to the association of allottees or the Competent Authority, as the case may be, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter/ Owner Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter/ Owner Promoter shall refund to the Allottee the entire amount received by the Promoter/ Owner Promoter from the allotment within 45 days from that datedate and the promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, Xxxxxxxx agrees that they he/ she shall not have any rights, claims etc. against the Promoter/ Owner Promoter and that the Promoter/ Owner Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement for Sale

Schedule for possession of the said. [Schedule Apartment - “B” Property] : The Promoter/ Owner Promoter agrees and understands that timely delivery of possession of the [Schedule - “B” Property] Apartment to the Allottee and the common areas to the Association of Allottees is the essence of the Agreement. The Promoter/ Owner, based on the approved plans and specifications, Promoter assures to hand over possession of the [Schedule - “B” Property] on Apartment along with ready and complete common areas with all specifications, amenities and facilities of the project in place within 30th April 2029, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real-real estate project ("Force Majeure”) and Pandemic situations (such as Covid-19) or any other diseases or due to law and order where it becomes difficult to continue the ongoing works"). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter/ Owner Promoter shall be entitled to the extension of time for delivery of possession of the [Schedule - “B” Property]Apartment, provided Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter/ Owner Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated terminated, and the Promoter/ Owner Promoter shall refund to the Allottee the entire amount received by the Promoter/ Owner Promoter from the allotment within 45 days from that date. The Promoter shall intimate the Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, Xxxxxxxx the Allottee agrees that they he/ she shall not have any rights, claims etc. against the Promoter/ Owner Promoter and that the Promoter/ Owner Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Sale Agreement

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