Nomination by Buyer with Consent Clause Samples

POPULAR SAMPLE Copied 1 times
Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Flat And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer's right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Developer) as nomination charge to the Developer 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:
View SourceView Similar (11)
Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Flat And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer’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) The Buyer shall make payment of all dues of the Seller in terms of this Agreement up to the time of nomination. (b) The Buyer shall obtain prior permission of the Seller and the Buyer and the nominee shall be bound to enter into a tripartite agreement with the Seller. (c) The Buyer shall pay a sum calculated @ Rs.25/- (Rupees twenty five) per square feet as and by way of nomination fees to the Seller. The Buyer admits and accepts that the Buyer shall not nominate or assign the rights under this Agreement save in the manner indicated above.
View SourceView Similar (9)
Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Unit And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer’s right, title, interest and obligations under this Agreement on payment of Rs.300/- (Rupees three hundred only) per square feet on super built up area plus Service Tax, if any as nomination charge to the Owners 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:
View SourceView Similar (2)
Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Flat And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer'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) The Buyer shall make payment of all dues (including interest if any accrued thereon) of the Assignor in terms of this Agreement up to the time of nomination. (b) The Buyer shall obtain prior permission of the Assignor and the Buyer and the nominee shall be bound to enter into a tripartite agreement with the Assignor. (c) The Buyer shall pay a sum calculated @ Rs. 25/- (Rupees twenty five) per square feet as and by way of nomination fees to the Assignor. The Buyer admits and accepts that the Buyer shall not nominate or assign the rights under this Agreement save in the manner indicated above.
View Source
Nomination by Buyer with Consent. The Buyer admits and accepts that only after expiry of 12 (twelve) months from the booking date and before the execution and registration of conveyance deed of the Said Flat And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer’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) The Buyer shall make payment of all dues of the Developer in terms of this Agreement, up to the time of nomination. (b) The Buyer shall obtain prior written permission of the Developer and the Buyer and the nominee shall be bound to enter into a tripartite agreement with the Developer. (c) The Buyer shall be liable to pay 2% (two percent) of the Total Sale Value plus applicable service taxes as may be fixed by the Developer, as and by way of nomination fees to the Developer. (d) The Buyer shall pay to the Developer a sum of Rs.10,000/- (Rupees Ten Thousand only)as legal fee towards Tripartite Nomination Agreement. (e) The Buyer shall pay to the Developer a sum of Rs.10,000/- (Rupees ten thousand) plus applicable service taxes, in case if the Buyer intends to transfer the Said Flat And Appurtenances in favour of the Buyer’s spouse, child, parents, brother and sister, prior to the execution of the deed of conveyance of the Said Flat And Appurtenances. The Buyer admits and accepts that the Buyer shall not nominate or assign the rights or join as additional party under this Agreement save in the manner indicated above.
View Source
Nomination by Buyer with Consent. The Buyer admits and accepts that before the execution and registration of conveyance deed of the Said Flat And Appurtenances, the Buyer will be entitled to nominate, assign and/or transfer the Buyer’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) The Buyer shall make payment of all dues of the Owner No. 2/Developer in terms of this Agreement up to the time of nomination. (b) The Buyer shall obtain prior permission of the Owner No. 2/Developer and the Buyer and the nominee shall be bound to enter into a tripartite agreement with the Owner No. 2/Developer. (c) The Buyer shall pay a sum calculated @ 2% on the Agreement value plus applicable G.S.T. as and by way of nomination fees to the Owner No. 2/Developer.
View Source
Nomination by Buyer with Consent. The Assignee admits and accepts that before the execution and registration of Deed of Assignment of the Said Flat And Appurtenances, the Assignee will be entitled to nominate, assign and/or transfer the Assignee’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: 16.7.1 The Assignee shall make payment of all dues of the Assignor in terms of this Agreement, up to the time of nomination. 16.7.2 The Assignee shall obtain prior permission of the Assignor, and the Assignee and the nominee shall be bound to enter into a tripartite agreement with the Assignor. 16.7.3 The Assignee admits and accepts that the Assignee shall not nominate or assign the rights under this Agreement save in the manner indicated above. 16.7.4 It is hereby covenanted that it is within the knowledge of the assignee/second party that the 1ST schedule, Part-II land i.e., the said premises is subject matter of a suit now pending before the Ld. Civil Judge Senior Division at Siliguri but however is not under any restrictive Order of injunction.
View Source

Related to Nomination by Buyer with Consent

  • Termination by Seller (i) This Agreement may be terminated by Seller at any time prior to the Closing, if (A) Purchaser shall have breached or failed to comply, in any material respect, with any of Purchaser’s covenants or agreements contained in this Agreement or (B) there shall have been a breach of or inaccuracy in any material respect when made with one or more of the representations or warranties of Purchaser contained in this Agreement, in the case of clauses (A) and (B), such breach, failure or inaccuracy would give rise to the failure of a condition set forth in Section 7.02 to be satisfied, and Seller shall have given Purchaser a reasonable opportunity to cure (if capable of being cured prior to the Closing) any such failure or inaccuracy to so comply before the Closing, which breach, failure or inaccuracy is not cured (if capable of being cured prior to the Closing) within thirty (30) days (or by the Outside Date, if sooner) after receiving notice thereof from Seller; provided, that Seller may terminate this Agreement pursuant to this Section 9.01(b)(ii) only if at the time of termination (x) Seller is not in material breach of any of its representations, warranties, covenants or agreements contained in this Agreement and (y) Seller has satisfied those conditions set forth in Section 7.01 required to be satisfied by it (other than those conditions that by their terms are to be satisfied by actions taken at the Closing, each of which is capable of being satisfied at the Closing). (ii) This Agreement may be terminated by Seller if the Closing shall not have occurred on or before the Outside Date; provided, that (A) Seller may terminate this Agreement pursuant to this Section 9.01(c)(ii) only if at the time of termination (x) Seller is not in material breach of any of its representations, warranties, covenants or agreements contained in this Agreement and (y) Seller has satisfied those conditions set forth in Section 7.01 required to be satisfied by it (other than those conditions that by their terms are to be satisfied by actions taken at the Closing, each of which is capable of being satisfied at the Closing) and (B) Seller may not terminate this Agreement pursuant to this Section 9.01(c)(ii) during the pendency of any Legal Proceeding brought by Purchaser for specific performance of Seller’s obligation to consummate the Closing pursuant to Section 10.15. (iii) This Agreement may be terminated by Seller if (i) all of the conditions set forth in Section 7.01 shall have been satisfied or waived (other than those conditions that by their nature are to be satisfied by actions taken at the Closing, provided that each of which is capable of being satisfied at the Closing if the Closing were to occur at such time), (ii) Purchaser shall not have received the proceeds of the Financing, (iii) Purchaser shall have failed to consummate the Closing by the date the Closing is required to have occurred pursuant to Section 3.01 and, in the event such failure occurs more than five (5) Business Days prior to the Outside Date, such failure shall not have been cured within five (5) Business Days after written notice thereof has been given by Seller to Purchaser, (iv) at the time of termination, Seller is not in material breach of any representations, warranties, covenants or agreements contained in this Agreement, and (v) Seller is ready, willing and able to consummate the Closing; provided, that Seller may not rely upon this Section 9.01(c)(iii) to terminate this Agreement if Seller’s material breach of any representations, warranties, covenants or agreements contained in this Agreement, even if subsequently cured, directly caused Purchaser’s failure to receive the proceeds of the Financing within the time period specified by this Section 9.01(c)(iii). (iv) This Agreement may be terminated by Seller at any time prior to the Closing, if a final, non-appealable Closing Legal Impediment shall be in effect; provided, that Seller may not rely upon this Section 9.01(c)(iv) to terminate this Agreement if Seller’s failure to fulfill any obligation or condition under this Agreement materially contributed to the cause of such Closing Legal Impediment.

  • Termination by Buyer This Agreement may be terminated by Buyer and the purchase and sale of the Station abandoned, if Buyer is not then in material default, upon written notice to Seller, upon the occurrence of any of the following:

  • Termination by Purchaser This contract shall be terminated, upon election and written notice by ▇▇▇▇▇▇▇▇▇, if Catastrophic Damage rate rede- termination under BT3.32 shows that the appraised

  • Action by Consent Any action required or permitted to be taken at any meeting of the Trustees or any committee thereof may be taken without a meeting, if a written consent of such action is signed by a majority of the Trustees then in office or a majority of the members of such committee, as the case may be, and such written consent is filed with the minutes of the proceedings of the Trustees or such committee.

  • Action by Holders Whenever in this Indenture it is provided that the Holders of a specified percentage of the aggregate principal amount of the Notes may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact that at the time of taking any such action, the Holders of such specified percentage have joined therein may be evidenced (a) by any instrument or any number of instruments of similar tenor executed by Holders in person or by agent or proxy appointed in writing, or (b) by the record of the Holders voting in favor thereof at any meeting of Holders duly called and held in accordance with the provisions of Article 9, or (c) by a combination of such instrument or instruments and any such record of such a meeting of Holders. Whenever the Company or the Trustee solicits the taking of any action by the Holders of the Notes, the Company or the Trustee may, but shall not be required to, fix in advance of such solicitation, a date as the record date for determining Holders entitled to take such action. The record date if one is selected shall be not more than fifteen days prior to the date of commencement of solicitation of such action.