Common use of Nomination Clause in Contracts

Nomination. The Allottees admit and accept that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottees will be entitled to nominate, assign and/or transfer the Allottees’ 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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees shall obtain prior written permission of the Promoter and the Allottees and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nomination. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees shall be entitled to nominate, assign and/or transfer the Allottees’ right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance deed of the Said Apartment Flat And Appurtenances, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee‟s right, title, interest and obligations under this Agreement on payment of 23% (two three percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s Promoter‟s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee‟s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge. 1. Common Utilities: All charges, costs and deposits for supply, operation and maintenance of common utilities.

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance deed of the Said Apartment Unit And Appurtenances, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee’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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.. 6th Schedule (Common Expenses/Maintenance Charges)

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance deed of the Said Apartment Bungalow And Appurtenances, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee’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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Nomination. The Allottees admit and accept that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottees will be entitled to nominate, assign and/or transfer the Allottees’ 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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees shall obtain prior written permission of the Promoter and the Allottees and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge. SCHEDULE ‘H’ Common Utilities: All charges, costs and deposits for supply, operation and maintenance of common utilities.

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee’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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge. (e) The Allotte shall not nominate his/her/their right to the Said Apartment before completion of 18 (eighteen) months from the date of execution of the Agreement for Sale. SCHEDULE ‘G’ 1. Common Utilities: All charges, costs and deposits for supply, operation and maintenance of common utilities.

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesUnit/Apartment, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee‟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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- Rs. /- (Rupees ten thousand......................) only to the Promoter’s Promoter‟s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee‟s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.. 6thSchedule (Common Expenses/ Maintenance Charges)

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesUnit/Apartment, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee‟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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- Rs. 10,000/- (Rupees ten thousand) only to the Promoter’s Promoter‟s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee‟s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.. 6th Schedule (Common Expenses/Maintenance Charges)

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance deed of deedof the Said Apartment And Appurtenances, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee’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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and Promoterand subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance deed of the Said Apartment Unit And Appurtenances, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee’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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee’s right, title, interest and obligations under this Agreement to parentobligationsunderthis Agreementtoparent, spouse and children without payment of the aforesaid spouseandchildrenwithoutpaymentoftheaforesaid transfer charge.. 6th Schedule (Common Expenses/Maintenance Charges)

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesApartment, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee’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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.. 6th Schedule (Common Expenses/Maintenance Charges)

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance Transfer deed of the Said Apartment And AppurtenancesApartment, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee’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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (ai) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (bii) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners Co-Lessee and the Promoter. (ciii) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- INR. [•] (Indian Rupees ten thousand[•]) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (div) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.. IN WITNESS WHEREOF the parties hereto have hereunto put their respective hands the day month and year first above written. Promoter at Kolkata In the presence of:

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee’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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Nomination. The Allottees admit and accept that before the execution and registration of conveyance deed of the Said Apartment Bungalow And Appurtenances, the Allottees will be entitled to nominate, assign and/or transfer the Allottees’ 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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees shall obtain prior written permission of the Promoter and the Allottees and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees shall be entitled to nominate, assign and/or transfer the Allottees’ right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee’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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.. SCHEDULE ‘H’

Nomination. The Allottees admit Allottee admits and accept accepts that before the execution and registration of conveyance deed of the Said Apartment And AppurtenancesUnit/Apartment, the Allottees Allottee will be entitled to nominate, assign and/or transfer the Allottees’ Allottee’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 Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottees Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottees Allottee shall obtain prior written permission of the Promoter and the Allottees Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottees Allottee shall pay an additional legal fee of Rs.10,000/- Rs. 10,000/- (Rupees ten thousand) only to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nominationAgreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees Allottee shall be entitled to nominate, assign and/or transfer the Allottees’ Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.. 6th Schedule (Common Expenses/Maintenance Charges)