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

Variable Nature of Land Share and Share. In Common Portions: The Allottee fully comprehend and accept that (1) the Land Share and the Share In Common Portions is a notional proportion that the Apartment bears to the currently proposed area of the Said Block (2) if the area of the Said Block is increased/recomputed by the Promoter, the Allottee shall not question any variation (including diminution) of the Land Share and the Share In Common Portions (3) the Allottee shall not demand any reduction/refund of the Total Price on 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 Allottee shall accept (without demur) the proportionate share with regard to various matters, as be determined by the Promoter, in its absolute discretion.

Appears in 9 contracts

Samples: Agreement for Sale, Agreement, Agreement

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Variable Nature of Land Share and Share. In Common Portions: The Allottee fully comprehend and accept that (1) the Land Share and the Share In Common Portions is a notional proportion that the Apartment Unit bears to the currently proposed area of the Said Block (2) if the area of the Said Block is increased/recomputed by the Promoter, the Allottee shall not question any variation (including diminution) of the Land Share and the Share In Common Portions (3) the Allottee shall not demand any reduction/refund of the Total Price on 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 Allottee shall accept (without demur) the proportionate share with regard to various matters, as be determined by the Promoter, in its absolute discretion.

Appears in 1 contract

Samples: Agreement

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