Provisional Allotment definition
Examples of Provisional Allotment in a sentence
In case payment is made by any third party on behalf of Allottee, the Promoter will not be responsible towards any third party making such payment/remittances on behalf of the Allottee and such third party shall not have any right in the Application and/or Provisional Allotment, if any, in any manner whatsoever and the Promoter shall issue the payment receipts in the name of the Allottee only.
If the Nil Paid Rights were in certificated form when they lapsed, such payment shall be made to the person whose name and address appears on page one of the Provisional Allotment Letter relating to those Nil Paid Rights.
All disputes or differences relating to or arising out of or in connection with the Provisional Allotment read with the terms and conditions contained herein, shall be mutually discussed and settled between the parties.
The Promoter, on receipt of total price of the Plot as per Term No.1.2 under the Agreement from the Allottee, shall issue provisional allotment letter in respect of the said plot in the format prescribed by the JDA (Provisional Allotment Letter), to the Allottee(s) in terms of this Agreement.
Subsequent to the issuance of the Provisional Allotment Letter to the Allottee(s) by the Promoter, the Allottee(s) shall obtain the lease deed (patta) in respect of the Plot from JDA for the conveyance of title of the plot in favor of the Allottee(s).
In case payment is made by any third party on behalf of Allottee, the Promoter will not be responsible towards any third party making such payment/remittances on behalf of the Allottee and such third party shall not have any right in the Application and/or Provisional Allotment, if any, in a manner whatsoever and the Promoter shall issue the payment receipts in the name of the Allottee only.
In pursuance of the Provisional Allotment Letter in favour of the Purchaser AND in consideration of the payments made by the Purchaser to the Promoter No. 2, as more fully mentioned in the FIFTH SCHEDULE herein.
In case payment is made by any third party on behalf of Allottee, the Developer will not be responsible towards any third party making such payment/remittances on behalf of the Allottee and such third party shall not have any right in the Application and/or Provisional Allotment, if any, in any manner whatsoever and the Developer shall issue the payment receipts in the name of the Allottee only.
In case payment is made by any third party on behalf of Allottee / Purchaser, the Owner / Promoter will not be responsible towards any third party making such payment/remittances on behalf of the Allottee / Purchaser and such third party shall not have any right in the Application and/or Provisional Allotment, if any, in any manner whatsoever and the Owner / Promoter shall issue the payment receipts in the name of the Allottee / Purchaser only.
If the number of Rights Shares applied for pursuant to the Excess Application Forms exceeds the number of Rights Shares which have not been taken up by the Qualifying Holders or persons to whom they have renounced their rights under the Provisional Allotment Letters, the Company shall ensure that the excess Rights Shares shall be allocated on a fair and equitable basis but without preference to topping up odd lots to whole board lots.