AND THE ALLOTTEE Clause Samples

The "AND THE ALLOTTEE" clause typically serves to formally identify and define the party receiving an allotment, such as a buyer or recipient in a property or share allocation agreement. In practice, this clause specifies the rights, obligations, and responsibilities of the allottee, often including details like payment terms, possession timelines, or compliance requirements. Its core function is to clearly establish the allottee's role and entitlements within the contract, ensuring there is no ambiguity regarding who is receiving the allotment and under what conditions.
AND THE ALLOTTEE. PURCHASERS SHALL TO THE END AND INTENT THAT THE OBLIGATION AND COVENANTS HEREINAFTER CONTAINED SHALL AT ALL TIMES HEREAFTER RUN WITH THE OWNERSHIP AND POSSESSION OF THE SAID UNIT/DESIGNATED APARTMENT AND THE RIGHTS AND PROPERTIES APPURTENANT THERETO HEREBY CONVEYED WITH THE VENDORS AND EACH ONE OF THEM RESPECTIVELY as follows :- (a) That the Allottee/Purchasers and all other persons deriving title under it/his/her shall and will at all times hereafter shall observe the restrictions regarding the users set forth in the SIXTH SCHEDULE hereunder written. (b) THAT the Allottee/Purchasers shall at all times hereafter (from the date of notice for possession) regularly and punctually make payment of all the municipal rates and taxes and other outgoings including cesses, multi-storied building tax, Water tax, Urban Land Tax, if any, and other levies impositions and outgoing including maintenance and service charges which may from time to time be imposed or become payable in respect of the said Unit/Designated Apartment and proportionately for the Building Complex as a whole and for the common parts and portions. (c) The Allottee/Purchasers shall apply for and obtain mutation of its/his/her name as the Owners of the said Unit/Designated Apartment from the Burdwan Municipality and shall also obtain separate assessment of the said Unit/Designated Apartment and so long the said Unit/Designated Apartment is not separately assessed the Allottee/Purchasers shall pay the proportionate share of the municipal tax and other taxes and impositions payable in respect of the New Building, such amount to be determined in its absolute discretion by the Vendors and upon formation of the Association by such Association/Society/ Service Company. (d) Allottee/Purchasers aware that the said project commence in two phases. In the First Phase Block No. 4, 5 and 6 has been constructed. The work of Second Phase on the balance area is still under construction and it takes years to complete the same. The Vendors, their servants and agents, contractors etc., are entitled to use the common entrance, common passage, other utilities and facilities. The right of the Allottee/Purchasers restricted to the First Phase of the project being Block No. 4, 5 and 6 and the land below the same more fully describe in the Part II of the First Schedule hereunder written. There is a temporary boundary wall of the said First Phase project. The Allottee/Purchasers however entitle to use of the Club House and Com...
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