Transfer of Allotment. After the Allotment, the Allottee(s) may transfer his right of Allotment, subject to the following conditions:- 4.10.1 No transfer of Allotment can be made within 12 (twelve) months from the date of the Allotment Letter; 4.10.2 The profile of the intended transferee is vetted and accepted by the Developer; 4.10.3 The transferor/transferee has to pay to the Developer, a transfer fee equal to 3% of the then published Price at least 5 (Five) days before such transfer takes place; provided however no amounts payable under the Allotment Letter is due as on date of such transfer. The Developer reserves the right to increase the transfer fee from time to time. 4.10.4 The Allottees has paid all amounts due under the Allotment up to the date of transfer. 4.10.5 The transfer documents shall have been vetted and approved by the Developer. 4.10.6 Such transfer shall further be subject to all the terms and conditions of the Apartment GTC and the Allotment Letter and the transferee of the Allotment agreeing to abide by and complying with all of these conditions. 4.10.7 Change of Joint Allottees will be treated as transfer under this clause.
Appears in 4 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
Transfer of Allotment. After the Allotment, the Allottee(s) may transfer his right of Allotment, subject to the following conditions:-
4.10.1 No transfer of Allotment can be made within 12 (twelve) months from the date of the Allotment Letter;
4.10.2 The profile of the intended transferee is vetted and accepted by the Developer;
4.10.3 The transferor/transferee has to pay to the Developer, a transfer fee equal to 3% of the then published Price at least 5 (Five) days before such transfer takes place; provided however no amounts payable under the Allotment Letter is due as on date of such transfer. The Developer reserves the right to increase the transfer fee from time to time.
4.10.4 The Allottees has paid all amounts due under the Allotment up to the date of transfer.
4.10.5 The transfer documents shall have been vetted and approved by the Developer.
4.10.6 Such transfer shall further be subject to all the terms and conditions of the Apartment GTC and the Allotment Letter and the transferee of the Allotment agreeing to abide by and complying with all of these conditions.
4.10.7 Change of Joint Allottees will be treated as transfer under this clause.
Appears in 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement