Common use of Variable Nature of Land Share and Share In Common Portions Clause in Contracts

Variable Nature of Land Share and Share In Common Portions. The Buyer fully comprehends and accepts that (1) the Land Share and the Share In Common Portions is a notional proportion that the built up area of the Said Unit and the Parking Space in the MLCP Building bears to the built up area of the Said Building and the MLCP Building (2) if the area of the Said Building/ Said Complex is recomputed by the Developer (which the Developer shall have full right to do and which right is hereby unconditionally accepted by the Buyer), then the Land Share and the Share In Common Portions shall vary accordingly and proportionately and the Buyer shall not question any variation (including diminution) therein (3) the Buyer shall not demand any refund of the Total Price paid by the Buyer on the ground of or by reason of any variation of the Land Share and the Share In Common Portions and (4) the Land Share and the Share In Common Portions are not divisible and partible and the Buyer shall accept (without demur) the proportionate share with regard to various matters, as be determined by the Developer, in its absolute discretion.

Appears in 2 contracts

Samples: Agreement, Agreement

AutoNDA by SimpleDocs

Variable Nature of Land Share and Share In Common Portions. The Buyer fully comprehends comprehends, acknowledges and accepts that (1) the Land Share and the Share In Common Portions is a notional proportion that the built up Said Flat bears to the currently proposed area of the Said Unit and the Parking Space in the MLCP Building bears to the built up area of the Block/ Said Building and the MLCP Building Blocks/Project (2) if the area of the Said Building/ Block/Said Complex Blocks/Project is recomputed by the Developer Owner , integrate or add (notionally or actually) Other Blocks to the Said Property (which the Developer Owner shall have full right to do and which right is hereby unconditionally accepted by the Buyer), then the Land Share Share, and the Share In Common Portions shall vary accordingly and proportionately and the Buyer shall not question any variation (including diminution) therein (3) the Buyer shall not demand any refund of the Total Price Consideration paid by the Buyer on the ground of or by reason of any variation of the Land Share and the Share In Common Portions and (4) the Land Share and the Share In Common Portions are not divisible and partible and the Buyer shall accept (without demur) the proportionate share with regard to various matters, as be determined by the DeveloperOwner , in its absolute discretion.

Appears in 1 contract

Samples: 202.61.117.163

Variable Nature of Land Share and Share In Common Portions. The Buyer Purchasers fully comprehends comprehend and accepts accept that (1) the Land Share and the Share In Common Portions is a notional proportion that the built up Said Flat bears to the currently proposed area of the Said Unit and the Parking Space in the MLCP Building bears to the built up area of the Said Building and the MLCP Building (2) if the area of the Said Building/ Said Complex Building is recomputed by the Developer Owners or if the Owners integrate/add (notionally or actually) the Other Building to the Said Premises (which the Developer Owners shall have full right to do and which right is hereby unconditionally accepted by the BuyerPurchasers), then and in such event, the Land Share and the Share In Common Portions shall vary accordingly and proportionately and the Buyer Purchasers shall not question any variation (including diminution) therein (3) the Buyer Purchasers shall not demand any refund of the Total Price paid by the Buyer Purchasers on the ground of or by reason of any variation of the Land Share and and/or the Share In Common Portions and (4) the Land Share and the Share In Common Portions are not divisible and partible and the Buyer Purchasers shall accept (without demur) the proportionate share with regard to various matters, as be determined by the DeveloperOwners, in its their absolute discretion.

Appears in 1 contract

Samples: Agreement

Variable Nature of Land Share and Share In Common Portions. The Buyer fully comprehends and accepts that (1) the Land Share and the Share In Common Portions is a notional proportion that the built up Said Flat bears to the currently proposed area of the Said Unit and the Parking Space in the MLCP Building bears to the built up area of the Said Building and the MLCP Building (2) if the area of the Said Building/ Said Complex Building is recomputed by the Developer Developer, integrate or add (notionally or actually) any adjacent land to the Said Property (which the Developer shall have full right to do and which right is hereby unconditionally accepted by the Buyer), then the Land Share Share, and the Share In Common Portions shall vary accordingly and proportionately and the Buyer shall not question any variation (including diminution) therein (3) the Buyer shall not demand any refund of the Total Price Consideration paid by the Buyer on the ground of or by reason of any variation of the Land Share and the Share In Common Portions and (4) the Land Share and the Share In Common Portions are not divisible and partible and the Buyer shall accept (without demur) the proportionate share with regard to various matters, as be determined by the Developer, in its absolute discretion.

Appears in 1 contract

Samples: Agreement for Sale

AutoNDA by SimpleDocs

Variable Nature of Land Share and Share In Common Portions. The Buyer fully comprehends and accepts that (1) the Land Share and the Share In Common Portions is a notional proportion that the built up Said Flat bears to the currently proposed area of the Said Unit and the Parking Space in the MLCP Building bears to the built up area of the Said Building and the MLCP Building Building, (2) if the area of the Said Building/ Said Complex Building is increased/recomputed by the Developer (which the Developer shall have full right to do and which right is hereby unconditionally accepted by the Buyer)Developer, then the Land Share and the Share In Common Portions shall vary accordingly and proportionately and the Buyer shall not question any variation (including diminution) therein of the Land Share and the Share In Common Portions, (3) the Buyer shall not demand any reduction/refund of the Total Price paid by the Buyer on the ground of or by reason of any variation of the Land Share and the Share In Common Portions and (4) the Land Share and the Share In Common Portions are not divisible and partible and the Buyer shall accept accepts (without demur) the proportionate share with regard to various matters, as be determined by the Developer, in its absolute discretion. The Buyer has understood the fact that there may be requirements of modifications/changes which may result in variation of the Land Share and Share In Common Portions to which the Buyer shall be deemed to have given their unconditional consent for all such modifications/changes so long as such changes do not prejudicially affect the flat/unit allotted to the Buyer and/or agreed to be sold to the Buyer under this Agreement.

Appears in 1 contract

Samples: Agreement

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