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

Variable Nature of Land Share and Share. In Common Portions : (1) The Purchasers fully comprehends and accepts that the Land Share and the Share In Common Portions is a notional proportion that the Said Property bear to the currently proposed area of the Said building complex, (2) the Purchasers fully comprehends and accepts that if the area of the Said building complex is increased/recomputed by the Developer or if the Developer integrates/adds (Notionally or actually) adjacent lands and premises to the Said Property and the Said building complex (which the Developer shall have full right to do and which right is hereby unconditionally accepted by the Purchasers), then the Land Share and the Share In Common Portions shall vary accordingly and proportionately, (3) the Purchasers shall not question any variation (including diminution) of the Land Share In Common Portions as decided by the Developer, (4) the Purchasers shall not demand any refund of the Net Price paid by the Purchasers on ground of or by reason of any variation of the Land Share and the Share In Common Portions and (5) the Purchasers fully comprehends and accepts that the Land Share and the Share In Common Portions is not divisible and partible. The Purchasers shall accepts (without demur) the proportionate share with regard to various matters, as be determined at the absolute discretion of the Developer.

Appears in 3 contracts

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

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Variable Nature of Land Share and Share. In Common Portions Portions: (1) The Purchasers fully comprehends and accepts that (1) the Land Share and the Share In Common Portions is a notional proportion that the Said Property bear to the currently proposed built up area of the Said building complex, Flat bears to the total built up area of the Said Complex (2) the Purchasers fully comprehends and accepts that if the area of the Said building complex Building/ Said Complex is increased/recomputed by the Developer or if the Developer integrates/adds (Notionally or actually) adjacent lands and premises to the Said Property and the Said building complex (which the Developer shall have full right to do and which right is hereby unconditionally accepted by the Purchasers), then the Land Share and the Share In Common Portions shall vary accordingly and proportionately, (3) proportionately and the Purchasers shall not question any variation (including diminution) of the Land Share In Common Portions as decided by the Developer, therein (43) the Purchasers shall not demand any refund of the Net Total Price paid by the Purchasers on the ground of or by reason of any variation of the Land Share and the Share In Common Portions and (54) the Purchasers fully comprehends and accepts that the Land Share and the Share In Common Portions is are not divisible and partible. The partible and the Purchasers shall accepts accept (without demur) the proportionate share with regard to various matters, as be determined at the absolute discretion of by the Developer, in its absolute discretion.

Appears in 1 contract

Samples: Deed of Conveyance

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