Common use of Allotment Procedure Clause in Contracts

Allotment Procedure. The developer shall be free to decide the allottment procedure in accordance with the best business practice in a fair manner. The Developer shall inform and communicate the following to the prospective allottees clearly in writing: a) NRDA shall have no liability to the Developer or to the allottees for any act resulting from a breach by Developer of its obligations under this Agreement or any agreement or commitment made by the Developer to any third party including the allottees and owners of the residential units. b) If NRDA issues Termination Notice for Developer’s Event of Default under Article 13.1, of this agreement, then NRDA shall not have the obligation to develop and operate the Project itself or through its agents/affiliates from the date of such termination Notice c) If NRDA decides to so develop the Project, then NRDA shall provide during the period in which Termination Notice is in effect, notice to the Developer, to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent and at such additional cost to be borne by the allottees as it may deem fit. In such case, NRDA shall not be liable in any manner to the third party including the allottees and owners of the residential units for the any liability or commitment made by the Developer. d) In the event of Termination of this Agreement, NRDA shall have no liability towards any third party, lenders to the Developer, contractors, service providers, suppliers or allottees / owners of dwelling units with whom Developer has any kind of contractual obligation and the Developer shall remain solely liable for its liability and obligations

Allotment Procedure. The developer Developer shall be free to decide the allottment allotment procedure in accordance with the best business practice in a fair manner. The Developer shall inform and communicate the following to the prospective allottees clearly in writing: a) NRDA i. NRANVP shall have no liability to the Developer or to the allottees for any act resulting from a breach by Developer of its obligations under this Agreement or any agreement or commitment made by the Developer to any third party including the allottees and owners of the residential residential/Commercial/mixed-use units. b) ii. If NRDA NRANVP issues Termination Notice for Developer’s Event of Default under Article 13.1, of this agreement, then NRDA NRANVP shall not have the obligation to develop and operate the Project itself or through its agents/affiliates from the date of such termination Notice c) iii. If NRDA NRANVP decides to so develop the Project, then NRDA NRANVP shall provide during the period in which Termination Notice is in effect, notice to the Developer, to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent and at such additional cost to be borne by the allottees as it may deem fit. In such case, NRDA NRANVP shall not be liable in any manner to the third party including the allottees and owners of the residential residential/Commercial/mixed-use units for the any liability or commitment made by the Developer. d) iv. In the event of Termination of this Agreement, NRDA NRANVP shall have no liability towards any third party, lenders to the Developer, contractors, service providers, suppliers or allottees / owners of dwelling units with whom Developer has any kind of contractual obligation and the Developer shall remain solely liable for its liability and obligations

Allotment Procedure. The developer lessee shall be free to decide the allottment allotment procedure in accordance with the best business practice in a fair manner. The Developer Lessee shall inform and communicate the following to the prospective allottees clearly in writing: a) NRDA shall have no liability to the Developer Lessee or to the allottees for any act resulting from a breach by Developer Lessee of its obligations under this Agreement or any agreement or commitment made by the Developer Lessee to any third party including the allottees and owners of the residential units. b) If NRDA issues Termination Notice for DeveloperLessee’s Event of Default under Article 13.17, of this agreement, then NRDA shall not have the obligation to develop and operate the Project itself or through its agents/affiliates from the date of such termination Notice c) If NRDA decides to so develop the Project, then NRDA shall provide during the period in which Termination Notice is in effect, notice to the DeveloperLessee, to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent and at such additional cost to be borne by the allottees as it may deem fit. In such case, NRDA shall not be liable in any manner to the third party including the allottees and owners of the residential residential/commercial units for the any liability or commitment made by the DeveloperLessee. d) In the event of Termination of this Agreement, NRDA shall have no liability towards any third party, lenders to the DeveloperLessee, contractors, service providers, suppliers or allottees / owners of dwelling dwelling/commercial units with whom Developer Lessee has any kind of contractual obligation and the Developer Lessee shall remain solely liable for its liability and obligations

Allotment Procedure. The developer lessee shall be free to decide the allottment allotment procedure in accordance with the best business practice in a fair manner. The Developer Lessee shall inform and communicate the following to the prospective allottees clearly in writing: a) NRDA shall have no liability to the Developer Lessee or to the allottees for any act resulting from a breach by Developer Lessee of its obligations under this Agreement or any agreement or commitment made by the Developer Lessee to any third party including the allottees and owners of the residential commercial units. b) If NRDA issues Termination Notice for DeveloperLessee’s Event of Default under Article 13.1, of this agreement, then NRDA shall not have the obligation to develop and operate the Project itself or through its agents/affiliates from the date of such termination Notice c) If NRDA decides to so develop the Project, then NRDA shall provide during the period in which Termination Notice is in effect, notice to the DeveloperLessee, to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent and at such additional cost to be borne by the allottees as it may deem fit. In such case, NRDA shall not be liable in any manner to the third party including the allottees and owners of the residential Commercial units for the any liability or commitment made by the DeveloperLessee. d) In the event of Termination of this Agreement, NRDA shall have no liability towards any third party, lenders to the DeveloperLessee, contractors, service providers, suppliers or allottees / owners of dwelling Commercial units with whom Developer Lessee has any kind of contractual obligation and the Developer Lessee shall remain solely liable for its liability and obligations

Allotment Procedure. The developer lessee shall be free to decide the allottment allotment procedure in accordance with the best business practice in a fair manner. The Developer Lessee shall inform and communicate the following to the prospective allottees clearly in writing: a) NRDA shall have no liability to the Developer Lessee or to the allottees for any act resulting from a breach by Developer Lessee of its obligations under this Agreement or any agreement or commitment made by the Developer Lessee to any third party including the allottees and owners of the residential units. b) If NRDA issues Termination Notice for DeveloperLessee’s Event of Default under Article 13.1, of this agreement, then NRDA shall not have the obligation to develop and operate the Project itself or through its agents/affiliates from the date of such termination Notice c) If NRDA decides to so develop the Project, then NRDA shall provide during the period in which Termination Notice is in effect, notice to the DeveloperLessee, to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent and at such additional cost to be borne by the allottees as it may deem fit. In such case, NRDA shall not be liable in any manner to the third party including the allottees and owners of the residential residential/commercial units for the any liability or commitment made by the DeveloperLessee. d) In the event of Termination of this Agreement, NRDA shall have no liability towards any third party, lenders to the DeveloperLessee, contractors, service providers, suppliers or allottees / owners of dwelling dwelling/commercial units with whom Developer Lessee has any kind of contractual obligation and the Developer Lessee shall remain solely liable for its liability and obligations

Allotment Procedure. The developer shall be free to decide the allottment procedure in accordance with the best business practice in a fair manner. The Developer shall inform and communicate the following to the prospective allottees clearly in writing: a) NRDA shall have no liability to the Developer or to the allottees for any act resulting from a breach by Developer of its obligations under this Agreement or any agreement or commitment made by the Developer to any third party including the allottees and owners of the residential residential/commercial units. b) If NRDA issues Termination Notice for Developer’s Event of Default under Article 13.1, of this agreement, then NRDA shall not have the obligation to develop and operate the Project itself or through its agents/affiliates from the date of such termination Notice c) If NRDA decides to so develop the Project, then NRDA shall provide during the period in which Termination Notice is in effect, notice to the Developer, to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent and at such additional cost to be borne by the allottees as it may deem fit. In such case, NRDA shall not be liable in any manner to the third party including the allottees and owners of the residential residential/commercial units for the any liability or commitment made by the Developer. d) In the event of Termination of this Agreement, NRDA shall have no liability towards any third party, lenders to the Developer, contractors, service providers, suppliers or allottees / owners of dwelling dwelling/commercial units with whom Developer has any kind of contractual obligation and the Developer shall remain solely liable for its liability and obligations

Allotment Procedure. The developer shall be free to decide the allottment procedure in accordance with the best business practice in a fair manner. The Developer shall inform and communicate the following to the prospective allottees clearly in writing: a) NRDA shall have no liability to the Developer or to the allottees for any act resulting from a breach by Developer of its obligations under this Agreement or any agreement or commitment made by the Developer to any third party including the allottees and owners of the residential units. b) If NRDA issues Termination Notice for Developer’s Event of Default under Article 13.1, of this agreement, then NRDA shall not have the obligation to develop and operate the Project itself or through its agents/affiliates from the date of such termination Notice c) If NRDA decides to so develop the Project, then NRDA shall provide during the period in which Termination Notice is in effect, notice to the Developer, to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent and at such additional cost to be borne by the allottees as it may deem fit. In such case, NRDA shall not be liable in any manner to the third party including the allottees and owners of the residential units for the any liability or commitment made by the Developer. d) In the event of Termination of this Agreement, NRDA shall have no liability towards any third party, lenders to the Developer, contractors, service providers, suppliers or allottees / owners of dwelling units with whom Developer has any kind of contractual obligation and the Developer shall remain solely liable for its liability and obligations