Common use of Statutory Demands Clause in Contracts

Statutory Demands. It is made clear and the Vendee is aware that only the External Development Charges (EDC) and the Infrastructure Development Charges (IDC) has been charged as per the rate levied by the Competent Authority at the time of grant of Licence as a part of the BSP and agrees and undertakes any further imposition/levy/charges by whatever name called or in whatever form and with all such conditions imposed, or any increase in External Development Charges (EDC)/ Infrastructure Development Charges (IDC), Goods and Service Tax, Value Added Tax (VAT), Building Cess, Swachh Bharat Cess, Transit Oriented Development Charges (XXX) or levies of such nature on prospective or retrospective basis effective after the date of the provisional allotment by the Government and / or any Governmental Authority (ies) shall be paid by the Vendee on demand to the Company in proportion to the Carpet area of the Unit It is also agreed by the Vendee that all such levies/increase may be levied by the Government of Haryana or any other Governmental Authority (ies) on prospective or retrospective basis effective from the date of license of the Said Unit /Said Aarohan Residences Phase - I / Project. The Vendor makes it clear that if its required to pay such levies, EDC/IDC/XXX, interest and other charges etc. in such prospective /retrospective manner from the date of license ,then the Vendor shall demand ,and the Vendee undertakes to pay the same. The pro-rata demand made by the Vendor to the Vendee with regard to EDC/IDC/XXX/any other levy/charges by whatever name called, and/or increase in EDC/IDC/XXX shall be final and binding on the Vendee. If the EDC/IDC/XXX /any other levy/charges by whatever name called, and/or increased EDC/IDC/XXX is not paid, then the non-payment of such charges shall be treated as unpaid sale price under this Agreement and the Vendor shall be entitled to cancel the Agreement and forfeit the Xxxxxxx Money along with the Non Refundable Amounts and the balance amount, if any, shall be refunded to the Vendee. If the EDC/IDC/XXX and or/ increased EDC/IDC/XXX is levied (including with retrospective effect ) after execution of conveyance deed, the Vendee agrees and undertakes to pay the same on demand by the Vendor and if the demanded charges are not paid, then the same shall be treated as unpaid sale price of the Said Unit and the Vendor in addition to the remedies under law for recovery for unpaid charges shall also have the first charge and lien over the Said Unit till such unpaid charges are paid by the Vendee. The Vendor undertakes and agrees that while raising a demand on the Vendee for above stated levies/charges including increase therein and/or other cost/charges imposed by the Government, the Vendor shall enclose the said notification/order/rule/regulation to that effect along with the demand letter being issued to the Vendee, which shall only be applicable on subsequent payments.

Statutory Demands. It is made clear and the Vendee is aware that only the External Development Charges (EDC) and the Infrastructure Development Charges (IDC) has been charged as per the rate levied by the Competent Authority at the time of grant of Licence as a part of the BSP and agrees and undertakes any further imposition/levy/charges by whatever name called or in whatever form and with all such conditions imposed, or any increase in External Development Charges (EDC)/ Infrastructure Development Charges (IDC), Goods and Service Tax, Value Added Tax (VAT), Building Cess, Swachh Bharat Cess, Transit Oriented Development Charges (XXX) or levies of such nature on prospective or retrospective basis effective after the date of the provisional allotment by the Government and / or any Governmental Authority (ies) shall be paid by the Vendee on demand to the Company in proportion to the Carpet super area of the Unit It is also agreed by the Vendee that all such levies/increase may be levied by the Government of Haryana or any other Governmental Authority (ies) on prospective or retrospective basis effective from the date of license of the Said Unit /Said Aarohan Residences Phase - I / ProjectResidences. The Vendor makes it clear that if its required to pay such levies, EDC/IDC/XXX, interest and other charges etc. in such prospective /retrospective prospective/retrospective manner from the date of license ,license, then the Vendor shall demand ,demand, and the Vendee undertakes to pay the same. The pro-rata demand made by the Vendor to the Vendee with regard to EDC/IDC/XXX/any other levy/charges by whatever name called, and/or increase in EDC/IDC/XXX shall be final and binding on the Vendee. If the EDC/IDC/XXX /any other levy/charges by whatever name called, and/or increased EDC/IDC/XXX is not paid, then the non-non- payment of such charges shall be treated as unpaid sale price under this Agreement and the Vendor shall be entitled to cancel the Agreement and forfeit the Xxxxxxx Money along with the Non Refundable Amounts and the balance amount, if any, shall be refunded to the Vendee. If the EDC/IDC/XXX and or/ increased EDC/IDC/XXX is levied (including with retrospective effect effect) after execution of conveyance deed, the Vendee agrees and undertakes to pay the same on demand by the Vendor and if the demanded charges are not paid, then the same shall be treated as unpaid sale price of the Said Unit and the Vendor in addition to the remedies under law for recovery for unpaid charges shall also have the first charge and lien over the Said Unit till such unpaid charges are paid by the Vendee. The Vendor undertakes and agrees that while raising a demand on the Vendee for above stated levies/charges including increase therein and/or other cost/charges imposed by the Government, the Vendor shall enclose the said notification/order/rule/regulation to that effect along with the demand letter being issued to the Vendee, which shall only be applicable on subsequent payments.

Statutory Demands. It is made clear and the The Vendee is aware agrees that only the any payment towards External Development Charges (EDC) and the EDC)/ Infrastructure Development Charges (IDCIDC)/ Infrastructure Augmentation Charges (IAC) has been charged as per the rate levied levied/leviable or any increase thereof by the Competent Government or any other Governmental Authority at (ies) shall be paid by the time of grant of Licence as a part of the BSP Vendee and agrees and undertakes any further imposition/levy/charges by whatever name called or in whatever form and with all such conditions imposed, or any increase in External Development Charges (EDC)/ Infrastructure Development Charges (IDC), Goods and Service Tax, Value Added Tax (VAT), Building Cess, Swachh Bharat Cess, Transit Oriented Development Charges (XXX) or levies of such nature on prospective or retrospective basis effective after the date of the provisional allotment by the Government and / or any Governmental Authority (ies) shall be paid by the Vendee on demand to the Company in proportion to the Carpet area of the Unit Vendee. It is also agreed by the Vendee that all such levies/increase may be levied by the Government of Haryana or any other Governmental Authority (ies) on prospective or retrospective basis effective from the date of license of the Said Unit Flat /Said Aarohan Residences Phase - I / ProjectGroup Housing Complex. The Vendor makes it clear that if its required to pay such levies, EDC/IDC/XXXIAC, interest and other charges etc. in such prospective /retrospective manner from the date of license ,then the Vendor shall demand ,and the Vendee undertakes to pay the same. The pro-pro- rata demand made by the Vendor to the Vendee with regard to EDC/IDC/XXXIAC/any other levy/charges by whatever name called, and/or increase in EDC/IDC/XXX IAC shall be final and binding on the Vendee. If the EDC/IDC/XXX IAC /any other levy/charges by whatever name called, and/or increased EDC/IDC/XXX IAC is not paid, then the non-payment of such charges shall be treated as unpaid sale price under this Agreement and the Vendor shall be entitled to cancel the Agreement and forfeit the Xxxxxxx Money along with the Non Refundable Amounts and the balance amount, if any, shall be refunded to the Vendee. If the EDC/IDC/XXX IAC and or/ increased EDC/IDC/XXX IAC is levied (( including with retrospective effect ) )after execution of the conveyance deed, deed has been executed ,the Vendee agrees and undertakes to pay the same on demand by the Vendor and if the demanded charges are not paid, then the same shall be treated as unpaid sale price of the Said Unit Flat and the Vendor in addition to the remedies under law for recovery for unpaid charges shall also have the first charge and lien over the Said Unit Flat till such unpaid charges are paid by the Vendee. The Vendor undertakes and agrees that while raising a demand on the Vendee for above stated levies/charges including increase therein and/or other cost/charges imposed by the Government, the Vendor shall enclose the said notification/order/rule/regulation to that effect along with the demand letter being issued to the Vendee, which shall only be applicable on subsequent payments.

Statutory Demands. It is made clear and the Vendee is aware that only the External Development Charges (EDC) and the Infrastructure Development Charges (IDC) has been charged as per the rate levied by the Competent Authority at the time of grant of Licence and Transit Oriented Development Charges (XXX) as per the rate levied by the Competent Authority at the time of grant of approval of revised building plans for allowing benefit of higher FAR in terms of mix land use under XXX Zone policy dated 09.02.2016 has been granted by DGTCP vide Memo No. ZP- 170/SD(BS)/2018/6968 dated 26.02.2018 as a part of the BSP and agrees and undertakes any further imposition/levy/charges by whatever name called or in whatever form and with all such conditions imposed, or any increase in External Development Charges (EDC)/ Infrastructure Development Charges (IDC), Goods and Service TaxTax (GST), Value Added Tax (VAT), Building Cess, Swachh Bharat Cess, Transit Oriented Development Charges (XXX) or levies of such nature on prospective or retrospective basis effective after the date of the provisional allotment by the Government and / or any Governmental Authority (ies) shall be paid by the Vendee on demand to the Company in proportion to the Carpet area/Super area of the Unit Unit. It is also agreed by the Vendee that all such levies/increase may be levied by the Government of Haryana or any other Governmental Authority (ies) on prospective or retrospective basis effective from the date of license of the Said Unit /Said Aarohan Residences Phase - I / Commercial Tower/Said Project. The Vendor makes it clear that if its required to pay such levies, EDC/IDC/XXX, interest and other charges etc. in such prospective /retrospective manner from the date of license ,then the Vendor shall demand ,and the Vendee undertakes to pay the same. The pro-rata demand made by the Vendor to the Vendee with regard to EDC/IDC/XXX/any other levy/charges by whatever name called, and/or increase in EDC/IDC/XXX shall be final and binding on the Vendee. If the EDC/IDC/XXX /any other levy/charges by whatever name called, and/or increased EDC/IDC/XXX is not paid, then the non-payment of such charges shall be treated as unpaid sale price under this Agreement and the Vendor shall be entitled to cancel the Agreement and forfeit the Xxxxxxx Money along with the Non Refundable Amounts and the balance amount, if any, shall be refunded to the Vendee. If the EDC/IDC/XXX and or/ increased EDC/IDC/XXX is levied (including with retrospective effect ) after execution of conveyance deed, the Vendee agrees and undertakes to pay the same on demand by the Vendor and if the demanded charges are not paid, then the same shall be treated as unpaid sale price of the Said Unit and the Vendor in addition to the remedies under law for recovery for unpaid charges shall also have the first charge and lien over the Said Unit till such unpaid charges are paid by the Vendee. The Vendor undertakes and agrees that while raising a demand on the Vendee for above stated levies/charges including increase therein and/or other cost/charges imposed by the Government, the Vendor shall enclose the said notification/order/rule/regulation to that effect along with the demand letter being issued to the Vendee, which shall only be applicable on subsequent payments.