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

Variable Nature of Land Share and Share. In Common Portions: The Allottees fully comprehends and accepts that (1) the Share In Common Areas is a notional proportion that the Said Apartment bears to the currently proposed area of the Said Block/Building/Real Estate Project (2) if the area of the Said Block/Building/Real Estate Project is recomputed by the Owners/Promoters, then the Share In Common Areas shall vary accordingly and proportionately and the Allottees shall not question any variation (including diminution) therein (3) the Allottees shall not demand any refund of the Total Price paid by the Allottees on the ground of or by reason of any variation of the Share In Common Areas and (4) the Share In Common Areas are not divisible and partible and the Allottees shall accept (without demur) the proportionate share with regard to various matters, as be determined by the Owners/Promoters, in its absolute discretion.

Appears in 3 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

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Variable Nature of Land Share and Share. In Common Portions: The Allottees Allottee fully comprehends and accepts that (1) the Share In Common Areas is a notional proportion that the Said Apartment bears to the currently proposed area of the Said Block/Building/Real Estate Project (2) if the area of the Said Block/Building/Building/ Real Estate Project is recomputed by the Owners/PromotersPromoter, then the Share In Common Areas shall vary accordingly and proportionately and the Allottees Allottee shall not question any variation (including diminution) therein (3) the Allottees Allottee shall not demand any refund of the Total Price paid by the Allottees Allottee on the ground of or by reason of any variation of the Share In Common Areas and (4) the Share In Common Areas are not divisible and partible and the Allottees Allottee shall accept (without demur) the proportionate share with regard to various matters, as be determined by the Owners/PromotersPromoter, in its absolute discretion.

Appears in 3 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

Variable Nature of Land Share and Share. In Common Portions: The Allottees Allottee fully comprehends and accepts that (1) the Share In Common Areas is a notional proportion that the Said Apartment Flat bears to the currently proposed area of the Said BlockTower/Building/Real Estate Project (2) if the area of the Said BlockTower/Building/Building/ Real Estate Project is recomputed by the Owners/PromotersPromoter, then the Share In Common Areas shall vary accordingly and proportionately and the Allottees Allottee shall not question any variation (including diminution) therein (3) the Allottees Allottee shall not demand any refund of the Total Price paid by the Allottees Allottee on the ground of or by reason of any variation of the Share In Common Areas and (4) the Share In Common Areas are not divisible and partible and the Allottees Allottee shall accept (without demur) the proportionate share with regard to various matters, as be determined by the Owners/PromotersPromoter, in its absolute discretion.

Appears in 1 contract

Samples: Agreement of Sale

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Variable Nature of Land Share and Share. In Common Portions: The Allottees Allottee fully comprehends and accepts that (1) the Share In Common Areas is a notional proportion that the Said Apartment Flat bears to the currently proposed area of the Said BlockTower/Building/Real Estate Project (2) if the area of the Said BlockTower/Building/Building/ Real Estate Project is recomputed by the Owners/PromotersVendor, then the Share In Common Areas shall vary accordingly and proportionately and the Allottees Allottee shall not question any variation (including diminution) therein (3) the Allottees Allottee shall not demand any refund of the Total Price paid by the Allottees Allottee on the ground of or by reason of any variation of the Share In Common Areas and (4) the Share In Common Areas are not divisible and partible and the Allottees partibleandtheAllottee shall accept (without demur) the proportionate share with regard to various matters, as be determined by the Owners/PromotersVendor, in its absolute discretion.

Appears in 1 contract

Samples: Agreement for Sale

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