Holding Charges definition

Holding Charges shall have the meaning ascribed to it in Clause 7.3;
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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.
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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.
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Examples of Holding Charges in a sentence

  • In addition to payment of interest for delayed payments, the Allottee(s) shall be liable to pay Holding Charges as specified in Annexure G from expiry of CAM Commencement Date till the Allottee(s) takes actual possession of the Unit.

  • As a result of such cancellation, (i) the booking amount (ii) all amount collected as taxes, charges, levies (iii) interest component on delayed payment and (iv) Safeguarding Charges, if any and Holding Charges, if any shall be forfeited in favour of the Promoter and the Allottee shall have no right, interest or lien in the Plot.

  • Notwithstanding anything stated herein above, upon expiry of a period of 90 days from the date of despatch of the Notice of Possession, the Company shall, in addition to the right to levy Holding Charges as stated herein above, be entitled at its sole discretion to cancel the Allotment and refund the payments received from the Allottee in accordance with the terms of these Standard Terms & Conditions.

  • Without prejudice to any other rights that the Promoter may have in that behalf, the Promoter shall also have the right to cancel/terminate the Agreement and forfeit the (i) Booking Amount (ii) all amount collected as taxes, charges, levies (iii) interest component on delayed payment and (iv) Safeguarding Charges, if any and Holding Charges , if any.

  • Without prejudice to any other rights that the Promoter may have in that behalf, the Promoter shall also have the right to cancel/terminate the Agreement and forfeit the (i) Booking Amount (ii) all amount collected as taxes, charges, levies (iii) interest component on delayed payment and (iv) Safeguarding Charges, if any and Holding Charges, if any.


More Definitions of Holding Charges

Holding Charges means the charges which the Allottee is liable to pay in case the Allottee fails to / delays to take the possession of the Apartment upon being Offered for 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
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Holding Charges means the administrative costs incurred by the Promoter 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 Letter.
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Holding Charges means the separate/independent pre- estimated and fixed charges as per Annexure [•] in addition to (and not in substitution of) Interest,.
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Holding Charges shall have the same meaning as ascribed to it in Clause 16.2 of this Agreement.
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Holding Charges means the administrative costs incurred by the Promoter to hold the Commercial Shop, if the Allottee/s fails to take actual & physical possession of the Commercial Shop after expiry of the period specified in the Offer Letter.
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Holding Charges shall have the meaning ascribed to such terms under clause 7.5 of this Agreement;
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Holding Charges means the administrative costs incurred by the Promoter to hold the Plot, if the Allottee/s fails to take actual & physical possession of the Plot after expiry of the period specified in the Offer Letter.
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