Sub-Lease Deed definition

Sub-Lease Deed means the agreement executed by the Developer with any End User for Sub-Lease of any space in the Commercial Development Assets and Project Utilities in the Commercial Development Project inter-alia for earning Project Revenues;

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Sub-Lease Deed means the deed to be executed by and between the Applicant, the Company and Noida Authority, after the terms and conditions contained in the Agreement, are fulfilled to the satisfaction of the Company pursuant to which, the Company shall deliver possession of the Apartment and transfer all right, title and interest over the Apartment, free from any encumbrances in favour of the Applicant and admit execution of the Sub-Lease Deed, to the Sub-Registrar, Noida, Distt. Gautam Budh Nagar (U.P.).

Sub-Lease Deed means the detailed terms of the transfer of the said Apartment which shall be based on the definitive legal document subject to and to the extent permitted by the applicable laws and the terms of the lease of the said plot, for the transfer of the Apartment (hereinafter referred to as “Sub-Lease Deed”) and shall include the entire understanding between the parties relating to the transfer/sub-Lease of the undivided share of land appurtenant to said Apartment along with the conveyance of the super structure built upon such land to the Applicant, the Applicant shall have no right, title or interest whatsoever on the said Apartment either during its construction or after its completion till the execution and registration of the sub-lease deed by the Company in favour of the Applicant. Provided that the sub-lease deed shall be executed only after the Net Sale Price has

Examples of Sub-Lease Deed in a sentence

It is clarified that the Sub-Lease Deed shall be drafted by the solicitors/advocates of the Promoter and shall not be inconsistent with or in derogation of the terms and conditions agreed by the Parties herein.
In the event there are any amounts outstanding with respect to water and electricity or any other utilities or facilities or services consumed or availed for the Plot and/or the building thereon, on the expiry or sooner determination of this Sub-Lease Deed, the Sub Lessee shall be liable to make payments for the same to the concerned authority notwithstanding the expiry or determination of the Sub-Lease.
The invalidity or enforceability, for any reason, of any part of this Sub-Lease Deed shall not prejudice or affect the validity or enforceability of the remainder.
No variation, waiver, amendment or modification of any of the terms of this Sub-Lease Deed shall be valid unless in writing and signed by both Parties.
It is expressly agreed that the Agreed Premium/Total Price, Additional Liabilities and Deposits mentioned in the Agreement, the fees and expenses relating to the Agreement and this Sub-Lease Deed including stamp duty, registration fees, GST, Advocate fees, incidental and other expenses for registration, brokerage etc.
The Allottee shall also be liable to pay maintenance deposit, upfront maintenance charges, documentation charges, charges towards water infrastructure fund, stamp duty, registration charges and any other charges applicable at the time of registration of this Agreement, Sale Deed, Sub-Lease Deed etc.
The language and all documents, notices, waivers and any other written communication or otherwise between the Parties, in connection with the Sub-Lease Deed shall be in English.
Neither the failure by either Party to insist on any occasion upon the performance of the terms, conditions and provisions of this Sub-Lease Deed or any obligation hereunder nor time or other indulgence granted by a Party to another Party shall be treated or deemed as waiver of such breach or acceptance of any variation or the relinquishment of any such right hereunder.
Furthermore, any stamp duty, registration charges or other fees, taxes or charges of any kind whatsoever pertaining to this Sub-Lease Deed and execution thereof shall also be borne by the Sub-Lessee.
For abundant caution, it is expressly clarified that if any provision of this Sub-Lease Deed is declared to be invalid, unenforceable or illegal by any competent arbitral tribunal or court, such invalidity, unenforceability or illegality shall not prejudice or affect the remaining provisions of this Sub-Lease Deed, which shall continue in full force and effect.

More Definitions of Sub-Lease Deed

Sub-Lease Deed shal mean the agreement executed by the Developer with any End User for Sub-Lease of any space in the Commercial Development Assets and Project Utilities in the Commercial Development Project inter-alia for earning Project Revenues;