Holding Charges definition
Holding Charges shall have the meaning ascribed to it in Clause 7.3;
Holding Charges means the administrative costs incurred by the Company to hold the Unit, if the Allottee/s fails to take actual & physical possession of the Unit after expiry of the period specified in the offer of possession.
Holding Charges means the administrative costs incurred/to be incurred by the Developer/Vendor to hold the Unit, if the Vendee fails to take actual physical possession of the Unit on or before the expiry of the period specified in the offer of possession.
Examples of Holding Charges in a sentence
Provided that where the Allottee proposes to cancel/withdraw from the Project without any fault of the Promoter, the Promoter herein is entitled to forfeit the booking amount paid for the allotment, interest on delayed payment, amount towards taxes and Holding Charges.
More Definitions of Holding Charges
Holding Charges means the charges which the Applicant is liable to pay in case the Applicant fails to / delays in taking the possession of the Said Apartment upon being Offered Possession by the Promoter and shall be levied @ Rs. 35 per sq. ft. per month of the carpet area and any part of the month will be reckoned as complete month towards the payment of Holding Charges
Holding Charges shall have the meaning ascribed to such term under Clause 7.3 of this Agreement for Sale.
Holding Charges means the separate/independent pre- estimated and fixed charges as per Annexure [•] in addition to (and not in substitution of) Interest,.
Holding Charges means the separate/independent pre-estimated and fixed charges in addition to (and not in substitution of) Interest, calculated at the rate of Rs. 000/ xxx xxxxxx xxxxx Xxxxxx Xxxx (XXXX) of the Apartment, per month.