VENDOR SHALL NOT MORTGAGE OR CREATE A CHARGE Sample Clauses

VENDOR SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Vendor executes this Agreement they shall not mortgage or create a charge on the said Apartment and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage for charge shall not affect the right and interest of the Purchaser/Allottee(s) who has taken or agreed to take such Apartment.
AutoNDA by SimpleDocs
VENDOR SHALL NOT MORTGAGE OR CREATE A CHARGE. After the Vendor executes this Agreement it shall not mortgage or create a charge on the Schedule-B property and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Purchaser/s who has taken or agreed to take the Schedule-B property.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!