Common use of NOMINATION BY ALLOTTEE WITH CONSENT Clause in Contracts

NOMINATION BY ALLOTTEE WITH CONSENT. The Allottee admits and accepts that after the Lock in period and before the execution and registration of conveyance deed of the said Apartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the following conditions: (a) Allottee to Make Due Payments:-The Allottee shall make payment of all dues, including any interest for delay, to the Promoters in terms of this Agreement, up to the time of nomination. (b) Lock-in Period:-The Allottee cannot nominate in favour of any third party before the expiry of a period of 12 (Twelve) months from the date of this Agreement. (c) Prior Written Permission and Tripartite Agreement: -In respect of any nomination, the Allottee shall obtain prior permission of the Developer and the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Developer and the Allottee.

NOMINATION BY ALLOTTEE WITH CONSENT. The Allottee admits and accepts that after the Lock in period and before the execution and registration of conveyance deed of the said Apartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the following conditions: (a) Allottee to Make Due Payments:-The Allottee shall make payment of all dues, including any interest for delay, to the Promoters Promoter in terms of this Agreement, up to the time of nomination. (b) Lock-in Period:-The Allottee cannot nominate in favour of any third party before the expiry of a period of 12 (Twelve) months from the date of this Agreement. (c) Prior Written Permission and Tripartite Agreement: -In respect of any nomination, the Allottee shall obtain prior permission of the Developer and the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Developer and the Allottee.

NOMINATION BY ALLOTTEE WITH CONSENT. The Allottee admits and accepts that after the Lock in period and before the execution and registration of conveyance deed of the said Apartment, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the following conditions: (a) Allottee to Make Due Payments:-The Allottee shall make payment of all dues, including any interest for delay, to the Promoters in terms of this Agreement, up to the time of nomination. (b) Lock-in Period:-The Allottee cannot nominate in favour of any third party before the expiry of a period of 12 (Twelve) months from the date of this Agreement. (c) Prior Written Permission and Tripartite Agreement: -In respect of any nomination, the Allottee shall obtain prior permission of the Developer and the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Developer and the AllotteeAllottee .