Common use of Transfers by Allottee Clause in Contracts

Transfers by Allottee. The Allottee may only after a period of 18 months from the date of execution of this agreement and that too upon taking prior written consent of the Promoter and against payment of the sum equivalent to Rs. 150 per sq.ft on carpet area + applicable Taxes or at which the said Apartment is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its place and stead in the records of the Promoter as the Buyer of the said Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet) mentioned in this clause in respect of the said Apartment paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Promoter or to which the Promoter is likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of 18 months from the date of execution hereof nor to let out, transfer or part with possession of the said Apartment at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 2 contracts

Samples: Transfer Agreement, Transfer Agreement

AutoNDA by SimpleDocs

Transfers by Allottee. The Allottee may only after a period of 18 months 12months from the date of execution of this agreement and that too upon taking prior written consent of the Promoter and against payment of the sum equivalent to Rs. 150 per sq.ft on carpet area + 4%of Unit Price plus applicable Taxes or at which the said Apartment Villa is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its place and stead in the records of the Promoter as the Buyer of the said Apartment Villa subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@4% (four percent) mentioned in this clause in respect of the said Apartment Unit paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Owners or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Owners or the Promoter or to which the Owners or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Owners and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of 18 months 12months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Apartment Villa at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Apartment Villa are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Agreement for Sale

Transfers by Allottee. The Allottee may only after a period of 18 12 months from the date of execution of this agreement and that too upon taking prior written consent of the Promoter and against payment of the sum equivalent to Rs. 150 per sq.ft on carpet area + applicable Taxes @5% (five percent) of the Total Price (excluding Other Charges and Taxes) hereunder or at which the said Apartment Designated Property is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its his place and stead in the records of the Promoter as the Buyer of the said Apartment Designated Property subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the risk and costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees and charges and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet) @5% mentioned in this clause in respect of the said Apartment Designated Property paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Owners or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Owner or the Promoter or to which the Owner or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Owners and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of 18 twelve months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Apartment Designated Property at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Apartment Designated Property are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Sale Agreement

Transfers by Allottee. The Allottee may may, only after a period of 18 12 (twelve) months from the date of execution of this agreement Agreement and that too upon taking prior written consent in writing of the Promoter and against payment of the a sum equivalent to Rs. 150 per sq.ft on carpet area + applicable Taxes @ 2% (two percent) of the Total Price (excluding Other Costs and Deposits Amount) hereunder or at which the said Designated Apartment is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its his place and stead in the records of the Promoter as the Buyer of the said Designated Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the risks and costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees (amounting to Rs /- and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@2% (two percent) mentioned in this clause in respect of the said Designated Apartment paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Owners or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Owners or the Promoter or to which the Owners or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Owners and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement Agreement for a period of 18 twelve months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Designated Apartment at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Designated Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Sale Agreement

Transfers by Allottee. The Allottee may only after a period of 18 months from the date of execution of this agreement and that too upon taking prior written consent of the Promoter and against payment of the sum equivalent to Rs. 150 per sq.ft on carpet area @ 2% (two) + applicable Taxes of the Total Price (excluding Extra Charges, Deposits and Taxes) hereunder or at which the said Apartment is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its place and stead in the records of the Promoter as the Buyer of the said Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@2% (two percent) mentioned in this clause in respect of the said Apartment paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Sub Lessor or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Sub Lessor or the Promoter or to which the Sub Lessor or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Sub Lessor and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of 18 months from the date of execution hereof nor to let out, transfer or part with possession of the said Apartment at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Assignment Agreement

Transfers by Allottee. The Allottee may may, only after a period of 18 (eighteen) months from the date of execution of this agreement Agreement and that too upon taking prior written consent in writing of the Promoter and against payment of the a sum equivalent to Rs. 150 per sq.ft on carpet area + applicable Taxes or at which @ 2% (two percent) of the said Apartment is purchased by the nominee, whichever be higher, Total Price (excluding Other Costs and Deposits Amount) hereunder in advance to the Promoter, get the name of his nominee substituted in his/her/their/its his place and stead in the records of the Promoter as the Buyer of the said Designated Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. It is clarified that any change in Allottee’s control or ownership (if being a Company or a partnership or an LLP etc.) shall come within the purview of such nomination and be subject to the above conditions and charges. Any such nomination shall be at the risks and costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees (amounting to Rs /- and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@2% (two percent) mentioned in this clause in respect of the said Designated Apartment paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Owners or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Owners or the Promoter or to which the Owners or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Owners and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement Agreement for a period of 18 months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Designated Apartment at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Designated Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Sale Agreement

Transfers by Allottee. The Allottee may only after a period of 18 12 months from the date of execution of this agreement and that too upon taking prior written consent of the Promoter and against payment of the sum equivalent to Rs. 150 per sq.ft on carpet area + 4%of Unit Price plus applicable Taxes or at which the said Apartment Villa is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its place and stead in the records of the Promoter as the Buyer of the said Apartment Villa subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@4% (four percent) mentioned in this clause in respect of the said Apartment Unit paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Owners or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Owners or the Promoter or to which the Owners or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Owners and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of 18 12 months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Apartment Villa at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Apartment Villa are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Sale Agreement

Transfers by Allottee. The Allottee may only after a period of 18 24 (twenty four) months from the date of execution of this agreement and that too upon taking prior written consent of the Promoter and against payment of the sum equivalent to Rs. 150 350/- per sq.ft on carpet area + applicable Taxes or at which the said Apartment is purchased by the nominee, whichever be higherTaxes, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its place and stead in the records of the Promoter as the Buyer of the said Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet) mentioned in this clause in respect of the said Apartment paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Promoter or to which the Promoter is likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of 18 24 (twenty four) months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Apartment at any time until all the amounts, charges, outgoings and dues payable till such date by the Allottee to the Promoter in respect of the said Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Sale Agreement

Transfers by Allottee. The Allottee may only after a period of 18 12 months from the date of execution of this agreement and that too upon taking prior written consent of the Promoter and against payment of the sum equivalent to Rs. 150 per sq.ft on carpet area + 4%of Unit Price plus applicable Taxes or at which the said Apartment unit is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its place and stead in the records of the Promoter as the Buyer of the said Apartment Villa subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@4% (four percent) mentioned in this clause in respect of the said Apartment Unit paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Owners or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Owners or the Promoter or to which the Owners or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Owners and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of 18 12 months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Apartment unit at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Apartment Villa are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Sale Agreement

Transfers by Allottee. The Allottee may only after a period of 18 months from the date of execution of this agreement and that too upon taking prior written consent of the Promoter and against payment of the sum equivalent to Rs. 150 per sq.ft on carpet area + applicable Taxes or at which the said Apartment is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its place and stead in the records of the Promoter as the Buyer of the said Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth be observed fulfilled xxxxxxxxx and performed by the nominee. Any such nomination shall be at the costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 Rs per square feet) mentioned in this clause in respect of the said Apartment Unit paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Promoter or to which the Promoter is likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of 18 months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Apartment Unit at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Apartment Unit are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Sale Agreement

Transfers by Allottee. The Allottee may only after a period of 18 12 months from the date of execution of this agreement and that too upon taking prior written consent of the Promoter and against payment of the sum equivalent to Rs. 150 per sq.ft on carpet area + applicable Taxes @ % ( percent) of the Total Price (excluding Other Costs and Taxes) hereunder or at which the said Designated Apartment is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its his place and stead in the records of the Promoter as the Buyer of the said Designated Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the risk and costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees (amounting to Rs. ) and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@ % ( percent) mentioned in this clause in respect of the said Designated Apartment paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Owner or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Owner or the Promoter or to which the Owner or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Owner and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of 18 twelve months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Designated Apartment at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Designated Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Agreement for Sale

Transfers by Allottee. The Allottee may may, only after a period of 18 12 (twelve) months from the date of execution of this agreement Agreement and that too upon taking prior written consent in writing of the Promoter and against payment of the a sum equivalent to of Rs. 150 per sq.ft on carpet area + applicable Taxes or at which the said Apartment is purchased by the nominee, whichever be higher, 50000/- (Rupees fifty thousand) in advance to the Promoter, get the name of his nominee substituted in his/her/their/its his place and stead in the records of the Promoter as the Buyer of the said Designated Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the risks and costs of the Allottee and/or the nominee and all stamp duty and registration charges, parking fees, legal fees (amounting to Rs. /-) and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to of Rs. 150 per square feet) 50000/- mentioned in this clause in respect of the said Designated Apartment paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Owners or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Owners or the Promoter or to which the Owners or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Owners and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement Agreement for a period of 18 12 months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Designated Apartment at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Designated Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Partnership Agreement

AutoNDA by SimpleDocs

Transfers by Allottee. The Allottee may only after a period of first 18 (eighteen) months from the date of execution of this agreement Application/Booking and that too upon taking prior written consent of the Promoter Promoters and against payment of the sum equivalent to Rs. 150 per sq.ft on carpet area + calculated @ 2% of the Total Price, plus applicable Taxes or at which the said Apartment is purchased by the nominee, whichever be highertaxes, in advance to the PromoterPromoters, get the name of his its nominee substituted in his/her/their/its place and stead in the records of the Promoter Promoters as the Buyer buyer of the said Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@2% (two percent) mentioned in this clause in respect of the said Apartment paid to the Promoter Promoters as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Promoter Owners or the Promoters shall have no liability in respect thereof and in case any tax is demanded from the Promoter Owners or the Promoters or to which the Promoter is Owners or the Promoters are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to Promoter the Owners and/or the Promoters and the Promoter Promoters may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of the first 18 (eighteen) months from the date of execution hereof Application/Booking nor to let out, sell, transfer or part with possession of the said Apartment at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter Promoters in respect of the said Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the PromoterPromoters.

Appears in 1 contract

Samples: Sale Agreement

Transfers by Allottee. The Allottee may may, only after a period of 18 24 (Twenty Four) months from the date of execution of this agreement Agreement and that too upon taking prior written consent in writing of the Promoter and against payment of the a sum equivalent to Rs. 150 per sq.ft on carpet area + applicable Taxes @ 3% (Three percent) of the Total Price (excluding Other Costs and Deposits Amount) hereunder or at which the said Designated Apartment is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its his place and stead in the records of the Promoter as the Buyer of the said Designated Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the risks and costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees (amounting to Rs. 12500/-) and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@3% (three percent) mentioned in this clause in respect of the said Designated Apartment paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Owners or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Owners or the Promoter or to which the Owners or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Owners and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement Agreement for a period of 18 24 months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Designated Apartment at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Designated Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Sale Agreement

Transfers by Allottee. The Allottee may may, only after a period of 18 12 (twelve) months from the date of execution of this agreement Agreement and that too upon taking prior written consent in writing of the Promoter and against payment of the a sum equivalent to Rs. 150 per sq.ft on carpet area + applicable Taxes @ 5% (five percent) of the Total Price (excluding Other Costs and Deposits Amount) hereunder or at which the said Designated Apartment is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its his place and stead in the records of the Promoter as the Buyer of the said Designated Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the risks and costs of the Allottee and/or the nominee and all stamp duty and duty, registration charges, the legal fees (amounting to Rs. ) and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@5% (five percent) mentioned in this clause in respect of the said Designated Apartment paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Promoter or to which the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement Agreement for a period of 18 12 (twelve) months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Designated Apartment at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Designated Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Agreement for Sale

Transfers by Allottee. The Allottee may only after a period of 18 12 months from the date of execution of this agreement and that too upon taking prior written consent of the Promoter and against payment of the sum equivalent to Rs. 150 per sq.ft on carpet area + applicable Taxes @2% (twopercent) of the Total Price (excluding Other Charges and Taxes) hereunder or at which the said Designated Apartment is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its his place and stead in the records of the Promoter as the Buyer of the said Designated Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the risk and costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees and charges and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@2% (two percent) mentioned in this clause in respect of the said Designated Apartment paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Owners or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Owners or the Promoter or to which the Owners or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Owners and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of 18 months from the date of execution hereof nor to let out, transfer or part with possession of the said Apartment at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.twelve Area Calculations:

Appears in 1 contract

Samples: Sale Agreement

Transfers by Allottee. The Allottee may only after a period of 18 36(Thirty six) months from the date of execution of this agreement and that too upon taking prior written consent of the Promoter and against payment of the sum equivalent to Rs. 150 per sq.ft on carpet area + applicable Taxes @5% (Five percent) of the Total Price (excluding Other Costs and Deposits and Taxes) hereunder or at which the said Designated Apartment is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its his place and stead in the records of the Promoter as the Buyer of the said Designated Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the risk and costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees (amounting to Rs.5000/- with applicable GST) and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@5% (Five percent) mentioned in this clause in respect of the said Designated Apartment paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Owner or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Owner or the Promoter or to which the Owner or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Owner and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of 18 Thirty six months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Designated Apartment at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Designated Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Agreement for Sale

Transfers by Allottee. The Allottee may may, only after a period of 18 (eighteen) months from the date of execution of this agreement Agreement and that too upon taking prior written consent in writing of the Promoter and against payment of the a sum equivalent to Rs. 150 per sq.ft on carpet area + applicable Taxes @ 3% (three percent) of the Total Price (excluding Other Costs and Deposits Amount) hereunder or at which the said Designated Apartment is purchased by the nominee, whichever be higher, in advance to the Promoter, get the name of his nominee substituted in his/her/their/its his place and stead in the records of the Promoter as the Buyer of the said Designated Apartment subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any such nomination shall be at the risks and costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees (amounting to Rs.15000/-) and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet@3% (three percent) mentioned in this clause in respect of the said Designated Apartment paid to the Promoter as aforesaid) or Goods and Service Tax arising due to any nomination by the Allottee shall be payable by the Allottee or its transferee but the Owners or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Owners or the Promoter or to which the Owners or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Owners and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement Agreement for a period of 18 eighteen months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Designated Apartment at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Designated Apartment are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Sale Agreement

Transfers by Allottee. The Allottee may only after a period of 18 15 months from the date of execution of this agreement and that too upon taking prior written consent of the Promoter and against payment of the sum equivalent to @ Rs. 150 per sq.ft on carpet area + applicable Taxes or at which the said Apartment is purchased by the nominee50/- PER SQFT (excluding Extra Charges, whichever be higher, in advance to the Promoter, Deposits and Taxes) get the name of his nominee substituted in his/her/their/its place and stead in the records of the Promoter as the Buyer of the said Said Apartment And Properties Appurtenant Thereto subject to there being no restriction or prohibition under the laws for the time being in force and subject to the nominee expressly agreeing to accept and acknowledge the terms conditions agreements and covenants contained hereunder which shall henceforth thenceforth be observed fulfilled and performed by the nominee. Any nomination within blood relation shall be exempted of nomination charges. Any such nomination shall be at the risk and costs of the Allottee and/or the nominee and all stamp duty and registration charges, legal fees and other outgoings as may be occasioned due to aforesaid nomination or transfer shall be payable by the Allottee or its nominee. Any tax, duty, imposition or levy including Income Tax (except on the said sum mentioned equivalent to Rs. 150 per square feet) Rs 50/- PER SQFT mentioned in this clause in respect of the said Said Apartment And Properties Appurtenant Thereto paid to the Promoter as aforesaid) or Goods and Service Services Tax arising due to any nomination by nominationby the Allottee shall be payable by the Allottee or its transferee but the Assignor and/or the Promoter shall have no liability in respect thereof and in case any tax is demanded from the Assignor and/or the Promoter or to which the Assignor and/or the Promoter is are likely to become liable owing to any such nomination or related transactions, the same shall be payable by the Allottee in advance to the Assignor and/or the Promoter and the Promoter may not give any consent to any such nomination or transfer without the receipt of such payment. The Allottee shall not, however, be entitled to assign or transfer this agreement for a period of 18 15 months from the date of execution hereof nor to let out, sell, transfer or part with possession of the said Said Apartment And Properties Appurtenant Thereto at any time until all the amounts, charges, outgoings and dues payable by the Allottee to the Promoter in respect of the said Said Apartment And Properties Appurtenant Thereto are fully paid up and a No Dues certificate is obtained by the Allottee from the Promoter.

Appears in 1 contract

Samples: Assignment Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!