Termination by Allottee Sample Clauses

Termination by Allottee. If the Allottee /s desire/s to terminate this Agreement for no cause, the Allottee /s shall notify the Promoter about the intent to terminate in writing with acknowledgement and this Agreement shall stand terminated forthwith without any necessity of execution of any further documents. On such notification by the Allottee /s regarding termination, the Promoter will take possession of the said residential Flat from the Allottee and thereupon the Promoter shall be at liberty to transfer the said Residential Flat to any third party, without any further consent of the Allottee /s. In the event of termination by the Allottee of this Agreement without any default of the Promoter, the amount received by the Promoter as part of the Consideration amount from the Allottee shall be refunded to the Allottee within one month from the date of termination of this Agreement coming into effect subject however to the deduction of 10% of the Consideration amount along with applicable statutory charges/Taxes including GST paid and/or payable thereon for the said Flat. Upon such repayment, the Promoter shall be free to deal with the said Flat with any Third Party and the Allottee shall have no claim thereupon or on part thereof.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs

Related to Termination by Allottee

  • Cancellation by Allottee The Allottee shall have the right to cancel/withdraw his allotment in the Project as provided in the Act: Provided that where the allottee proposes to cancel/withdraw from the project without any fault of the promoter, the promoter herein is entitled to forfeit the booking amount paid for the allotment. The balance amount of money paid by the allottee shall be returned by the promoter to the allottee within 45 days of such cancellation.

  • TERMINATION BY MPS MPS further reserves the right to terminate this Contract at any time for any reason by giving Contractor written notice by Registered or Certified Mail of such termination. MPS will attempt to give Contractor 20 days’ notice, but reserves the right to give immediate notice. In the event of said termination, Contractor shall reduce its activities hereunder, as mutually agreed to, upon receipt of said notice. Upon said termination, Contractor shall be paid for all services rendered through the date of termination, including any retainage. This section also applies should the Milwaukee Board of School Directors fail to appropriate additional monies required for the completion of the Contract.

  • Termination by You You may cancel your acceptance of this Contract by delivering notice to XOOM by way of mail, fax, e-mail or by personal delivery, in the following circumstances:

Time is Money Join Law Insider Premium to draft better contracts faster.