Common use of Stoppage of Use Clause in Contracts

Stoppage of Use. If any sum due as maintenance or other charges, including the Damages and/or the interest thereon is not paid within 60 (sixty) days from the due date of payment, till such time the entirety of the sum due and the interests thereon are paid, the Apartment Acquirer concerned shall not use any of the Utilities & Facilities in the Tower and the Complex including, but not restricted to, the roads, the water supply, the Club and electricity and in such event such an Acquirer will be deemed to have authorised the Developer to discontinue any or all of these Facilities & Utilities.

Appears in 6 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

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Stoppage of Use. If any sum due as maintenance or other charges, including the Damages and/or the interest thereon is not paid within 60 (sixty) days from the due date of payment, till such time the entirety of the sum due and the interests thereon are paid, the Apartment Acquirer concerned shall not use any of the Utilities & Facilities in the Tower and the Complex including, but not restricted to, the roads, the water supply, the Club and electricity and in such event such an Acquirer will be deemed to have authorised the Developer to discontinue any or all of these Facilities & Utilities.have

Appears in 1 contract

Samples: Sale Agreement

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