Common use of Extension/Addition Clause in Contracts

Extension/Addition. The undertaking of the Buyer to the Owners/Developer that notwithstanding anything contained in this Agreement, the Buyer has no objection and shall under no circumstances have any objection to the Owners/Developer (1) extending, modifying and realigning the extent, area, layout and location of the Said Building/Said Complex including the Common Portions (2) modifying the Sanctioned Plans, as may be necessary in this regard and (3) granting all forms of unfettered and perpetual proportionate right of ownership and use over the Common Portions. It is clearly understood by the Buyer that the Buyer shall not have any right to erect any wall/boundary wall in the Said Property. The Buyer further undertakes that in consideration of the Owners agreeing to sell the Said Unit And Appurtenances to the Buyer, the Buyer has accepted the above conditions and has granted and shall be deemed to have granted to the Owners, the Developer and all successors-in- interest/title unfettered and perpetual easements over, under and above all Common Portions including roads, passages and all open spaces in the Said Property.

Appears in 1 contract

Sources: Unit Allocation Agreement

Extension/Addition. The undertaking of the Buyer to the Owners/Developer that notwithstanding anything contained in this Agreement, the Buyer has no objection and shall under no circumstances have any objection to the Owners/Developer (1) extending, modifying and realigning the extent, area, layout and location of the Said Building/Said Complex including the Common Portions (2) modifying the Sanctioned Plans, as may be necessary in this regard and (3) granting all forms of unfettered and perpetual proportionate right of ownership and use over the Common Portions. It is clearly understood by the Buyer that the Buyer shall not have any right to erect any wall/boundary wall in the Said Property. The Buyer further undertakes that in consideration of the Owners Developer agreeing to sell the Said Unit And Appurtenances to the Buyer, the Buyer has accepted the above conditions and has granted and shall be deemed to have granted to the Owners, the Developer and all successorssuccessors- in-in- interest/title unfettered and perpetual easements over, under and above all Common Portions including roads, passages and all open spaces in the Said Property.

Appears in 1 contract

Sources: Agreement for Unit No. (Developer’s Allocation)