Common use of Schedule for possession of the Clause in Contracts

Schedule for possession of the. Apartment - The Vendor-Cum-Developer agrees and understands that timely delivery of possession of the Apartment to the Allottees and the Common Areas to the association of Allottees is the essence of the Agreement. The Vendor-Cum-Developer assures to hand over possession of the Apartment along with right to use Common Areas with all specifications, amenities and facilities of the Project to be in place by-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 Project (the “FORCE MAJEURE”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottees agrees that the Vendor-Cum- Developer shall be entitled to the extension of time for delivery of possession of the Apartment, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottees agrees and confirms that, in the event it becomes impossible for the Vendor- Cum-Developer to implement the Said–Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor-Cum-Developer shall refund to the Allottees the entire amount received by the Vendor-Cum-Developer from the allotment within 45 days from that date. The Vendor-Cum-Developer shall intimate to the Allottees about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottees, the Allottees agrees that the Allottees shall not have any rights, claims etc. against the Vendor-Cum-Developer and that the Vendor-Cum-Developer shall be released and discharged from all its obligations and liabilities under this Agreement.

Schedule for possession of the. Said Apartment - The Vendor-Cum-Developer Promoter agrees and understands that timely delivery of possession of the Said Apartment to the Allottees and the Common Areas to the association of Allottees Allottee, is the essence of the Agreement. The Vendor-Cum-Developer Promoter assures to hand over possession of the Said Apartment along with right to use ready and complete Project Common Areas Areas, Amenities and Facilities with all specifications, amenities and facilities by the end of the Project to be in place by-December 2022 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, epidemic or any other calamity caused by nature affecting the regular development of the Project real estate project (the “FORCE MAJEUREForce Majeure”). If, If however, the completion of the said Project is delayed due to the Force Majeure conditions or any other events beyond the control of the Promoter including but not limited to change in law, local disturbances, non-availability or irregular availability of essential inputs, water supply or sewerage disposal connection or electric power, or slow down or strike by contractor, construction agency employed/to be employed, change in any Governmental/Statutory Notifications, any order/stipulation of the courts/statutory or local authorities, any prohibition order from any court of law or statutory authorities, then the Allottees Allottee agrees that the Vendor-Cum- Developer Promoter shall be entitled to the extension of time for delivery of possession of the Said Apartment, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottees Allottee agrees and confirms that, in the event it becomes impossible for the Vendor- Cum-Developer Promoter to implement the Said–said Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor-Cum-Developer Promoter shall refund to the Allottees Allottee the entire amount received by the Vendor-Cum-Developer Promoter from the allotment Allotment within 45 (forty five) days from that date. The Vendor-Cum-Developer Promoter shall intimate to the Allottees Allottee about such termination at least thirty 30 (thirty) days prior to such termination. After refund of the money paid by the AllotteesAllottee, the Allottees Allottee agrees that the Allottees he/she shall not have any rights, claims etc. against the Vendor-Cum-Developer Promoter and that the Vendor-Cum-Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Schedule for possession of the. Apartment Said Bungalow - The Vendor-Cum-Developer Promoter agrees and understands that timely delivery of possession of the Apartment Said Bungalow to the Allottees and the Common Areas to the association of Allottees Allottee, is the essence of the Agreement. The Vendor-Cum-Developer Promoter assures to hand over possession of the Apartment Said Bungalow along with right to use ready and complete Project Common Areas Areas, Amenities and Facilities with all specifications, amenities and facilities by the end of the Project to be in place by-December, 2022 unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, epidemic or any other calamity caused by nature affecting the regular development of the Project real estate project (the “FORCE MAJEUREForce Majeure”). If, If however, the completion of the said Project is delayed due to the Force Majeure conditions or any other events beyond the control of the Promoter including but not limited to change in law, local disturbances, non-availability or irregular availability of essential inputs, water supply or sewerage disposal connection or electric power, or slow down or strike by contractor, construction agency employed/to be employed, change in any Governmental/Statutory Notifications, any order/stipulation of the courts/statutory or local authorities, any prohibition order from any court of law or statutory authorities then the Allottees Allottee agrees that the Vendor-Cum- Developer Promoter shall be entitled to the extension of time for delivery of possession of the ApartmentSaid Bungalow, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottees Allottee agrees and confirms that, in the event it becomes impossible for the Vendor- Cum-Developer Promoter to implement the Said–said Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor-Cum-Developer Promoter shall refund to the Allottees Allottee the entire amount received by the Vendor-Cum-Developer Promoter from the allotment Allotment within 45 (forty five) days from that date. The Vendor-Cum-Developer Promoter shall intimate to the Allottees Allottee about such termination at least thirty 30 (thirty) days prior to such termination. After refund of the money paid by the AllotteesAllottee, the Allottees Allottee agrees that the Allottees he/she shall not have any rights, claims etc. against the Vendor-Cum-Developer Promoter and that the Vendor-Cum-Developer Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

Schedule for possession of the. Apartment - The Vendor-Cum-Developer agrees and understands that timely delivery of possession of the Apartment to the Allottees Allottee and the Common Areas to the association of Allottees Allottee is the essence of the Agreement. The Vendor-Cum-Developer assures to hand over possession of the Apartment along with right to use Common Areas with all specifications, amenities and facilities of the Project to be in place by-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 Project (the “FORCE MAJEURE”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottees Allottee agrees that the Vendor-Cum- Developer shall be entitled to the extension of time for delivery of possession of the Apartment, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottees Allottee agrees and confirms that, in the event it becomes impossible for the Vendor- Cum-Developer to implement the Said–Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor-Cum-Developer shall refund to the Allottees Allottee the entire amount received by the Vendor-Cum-Developer from the allotment within 45 days from that date. The Vendor-Cum-Developer shall intimate to the Allottees Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the AllotteesAllottee, the Allottees Allottee agrees that the Allottees Allottee shall not have any rights, claims etc. against the Vendor-Cum-Developer and that the Vendor-Cum-Developer shall be released and discharged from all its obligations and liabilities under this Agreement.

Schedule for possession of the. Apartment - The Vendor-Cum-Vendor Developer agrees and understands that timely delivery of possession of the Apartment to the Allottees Allottee and the Common Areas to the association of Allottees Association or the competent authority, as the case may be, is the essence of the Agreement. The Vendor-Cum-Vendor/ Developer assures to hand over possession of the Apartment along with right to use ready and complete Common Areas with all specifications, amenities and facilities of the Project to be in place by-by 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 Project (the “FORCE MAJEURE”)Force Majeure. If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottees Allottee agrees that the Vendor-Cum- Vendor/ Developer shall be entitled to the extension of time for delivery of possession of the Apartment. However, provided if the said Apartment is made ready prior to the Completion Date, the Allottee undertakes(s) and covenant (s) not to make or raise any objection to the consequent pre-ponement of his/her /their its payment obligations, having clearly agreed and understood that the payment obligations of the Allottee are linked inter alia to the progress of construction, and the same is not a time linked plan. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottees Allottee agrees and confirms confirm as that, in the event it becomes impossible for the Vendor- Cum-Vendor / Developer to implement the Said–Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor-Cum-Vendor/ Developer shall refund to the Allottees Allottee the entire amount (less any taxes collected from the Allottee) received by the Vendor-Cum-Developer Vendor/ Developer, from the allotment within 45 (forty-five) days from that date. : The Vendor-Cum-Vendor / Developer shall intimate to the Allottees Allottee about such termination at least thirty 30 (thirty) days prior to such termination. After refund of the money paid by the AllotteesAllottee, the Allottees Allottee agrees that the Allottees be/she/they shall not have any rights, claims etc. against the Vendor-Cum-Vendor/ Developer and that the Vendor-Cum-Vendor/ Developer shall be released and discharged from all its obligations and liabilities under this Agreement.. For the purposes of force majeure the following shall be deemed to be force majeure conditions: i) War

Schedule for possession of the. Apartment - The Vendor-Cum-Developer agrees and understands that timely delivery of possession of the Apartment to the Allottees Allottee and the Common Areas to the association of Allottees Allottee is the essence of the Agreement. The Vendor-Vendor- Cum-Developer assures to hand over possession of the Apartment along with right to use Common Areas with all specifications, amenities and facilities of the Project to be in place by-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 Project (the “FORCE MAJEURE”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottees Allottee agrees that the Vendor-Cum- Cum-Developer shall be entitled to the extension of time for delivery of possession of the Apartment, provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottees Allottee agrees and confirms that, in the event it becomes impossible for the Vendor- Vendor-Cum-Developer to implement the Said–Project due to Force Majeure conditions, then this allotment shall stand terminated and the Vendor-Cum-Developer shall refund to the Allottees Allottee the entire amount received by the Vendor-Cum-Developer from the allotment within 45 days from that date. The Vendor-Cum-Developer shall intimate to the Allottees Allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the AllotteesAllottee, the Allottees Allottee agrees that the Allottees Allottee shall not have any rights, claims etc. against the Vendor-Cum-Developer and that the Vendor-Cum-Developer shall be released and discharged from all its obligations and liabilities under this Agreement.