Common use of CANCELLATION BY THE PURCHASER Clause in Contracts

CANCELLATION BY THE PURCHASER. The Purchaser shall have the right to cancel/withdraw his allotment in the project as provided in the act Provided where the Purchaser proposes to cancel/withdraw from the project without any fault of the Sellers, the Sellers herein is entitled to forfeit the booking amount paid for the allotment. The Purchaser acknowledges that the Sellers shall be blocking the said Apartment for the Purchaser without receiving the total purchase price and other amounts and in the event of such cancellation the Sellers shall refund the refund the amount receivable by the Purchaser within 45 days of such cancellation or upon the Sellers entering into an agreement for sale in respect of the said Apartment with any other intending Purchaser (which ever event shall happen first)

CANCELLATION BY THE PURCHASER. The Purchaser shall have the right to cancel/withdraw his allotment in the project as provided in the act Provided where the Purchaser proposes to cancel/withdraw from the project without any fault of the SellersSeller, the Sellers Seller herein is entitled to forfeit the booking amount paid for the allotmentallotment and interest accrued thereon in accordance to law. The Purchaser acknowledges that the Sellers Seller shall be blocking the said Apartment for the Purchaser without receiving the total purchase price and other amounts and in the event of such cancellation the Sellers Seller shall refund the refund the amount receivable by the Purchaser within 45 days of such cancellation or upon the Sellers Seller entering into an agreement for sale in respect of the said Apartment with any other intending Purchaser (which ever event shall happen first)