POSSESSION AND CONVEYANCE Clause Samples

POSSESSION AND CONVEYANCE. Upon making the said Unit tenantable, the Developer shall give a notice thereof to the Purchaser who shall within 15 days of its service, pay the entire balance consideration and all other amounts and deposits payable by the Purchaser to the Developer for sale of the said Unit and fulfill all his other covenants hereunder and take possession of the said Unit. The Developer shall execute and register the Deed of Conveyance in favour of the Purchaser within 3 months from the date of delivery of possession of the said Unit to the Purchaser.
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POSSESSION AND CONVEYANCE. 4.1 Immediately upon completion of the flat a communication would be given by the Promoter regarding the completion (hereinafter referred to as the “NOTICE OF POSSESSION”) and the Allottee shall take possession of the flat subject however to the Allottee making payment of the entire balance consideration and all other amounts and/or deposits to be paid under this agreement. As from the date of notice of possession, the Allottee shall be liable and hereby agrees to make payment of the municipal rates, taxes, outgoings and maintenance charges payable in respect of the flat. 4.2 Within fifteen days of service of notice of possession, the Allottee if so desires: a) may take inspection of the flat in presence of the Promoter or its representative; b) shall pay the entire balance consideration and all other amounts and deposits payable by the Allottee to the Promoter for sale of the flat; c) fulfill all other covenants hereunder and complete the purchase of the flat; d) take possession of the flat; If no inspection is taken within the said period, the Allottee shall be deemed to have taken such inspection. 4.3 It is expressly agreed, understood and clarified as follows: (i) The Promoter shall not be liable to deliver possession of the flat to the Allottee nor shall execute or cause the Owners to execute any Deed/s of Conveyance or other instruments until such time the Allottee makes payment of all amounts agreed and required to be paid hereunder by the Allottee and the Allottee has fully performed all the terms conditions and covenants of this agreement and on the part of the Allottee to be observed and performed until then. (ii) It will not be necessary for the Promoter to complete all the common areas and installations before giving the notice to the Allottee to take possession in terms of clause 4.1
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POSSESSION AND CONVEYANCE. 1That the vendor/developer shall handover the physical possession of the Schedule-B property after the completion of the construction of the building which will be completed within 36 months from the date of commencement and the same may be extended for another six months due to some unavoidable circumstances and after receiving the consideration mentioned above in full.
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POSSESSION AND CONVEYANCE. 7.1 Upon making the said Unit tenantable and habitable the DEVELOPER shall give a notice thereof in writing to the Purchasers whom within thirty days of possession notice :- (a) may take inspection of the said Unit in presence of the DEVELOPER or its representative or Architect ; (b) may point out any quality related issued, if any, required to be rectified by the DEVELOPER and which if required would be rectified by the DEVELOPER but which shall not withhold the performance of the other obligations of the Purchasers hereunder; (c) shall pay the entire balance consideration and all other amounts and deposits payable by the Purchasers to the DEVELOPER for sale of the said Unit including interest on delayed payments, if any; (d) fulfill all his other covenants hereunder and complete the purchase of the said Unit ; (e) take possession of the said Unit. If no inspection is taken within the said period, it shall be deemed that such right is waived. 7.2 It is expressly agreed understood and clarified that the Developer shall not handover the possession of the said Unit to the purchasers nor shall execute any conveyance or other instruments until such time the purchasers make payment of all amounts agreed including interest on delayed payments required to be paid hereunder by the Purchasers and the purchasers have fully performed all the terms and conditions and covenants of this agreement and on the part of the Purchasers to be observed and performed until then.
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POSSESSION AND CONVEYANCE. Subject to the provisions of this Agreement and notwithstanding anything contained anywhere else, the Said Promoter shall, upon receipt of the Occupancy Certificate or Completion Certificate or Building Use permission as the case may be but not later than the Extended Completion Date which may be further extended pursuant to Clause 21 and/or 22, offer possession of the Said Unit to the Said Allottee, which the Said Allottee shall be under an obligation to take within a period of 15 (Fifteen) days from the date of such offer and subject to payment of entire Price along with all dues arising out of this Agreement to the Said Promoter as well as to the Association of Allottees. The Said Promoter shall intimate offer of possession along with specimen of Deed of Conveyance. For sake of clarity, it is hereby affirmed that the possession is not given but required to be offered by under this Agreement.
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Related to POSSESSION AND CONVEYANCE

  • Assignment and Conveyance The Assignor hereby conveys, sells, grants, transfers and assigns to the Assignee all of the right, title and interest of the Assignor, as purchaser, in, to and under (a) those certain Mortgage Loans listed on the schedule (the "Mortgage Loan Schedule") attached hereto as Exhibit A (the "Mortgage Loans") and (b) except as described below, that certain Mortgage Loan Purchase Agreement (the "Purchase Agreement"), dated as of [DATE], between the Assignor, as purchaser (the "Purchaser"), and the Company, as seller, solely insofar as the Purchase Agreement relates to the Mortgage Loans. The Assignor specifically reserves and does not assign to the Assignee hereunder (i) any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement or (ii) the rights of the Purchaser under Section 9.04 of the Purchase Agreement. Recognition of the Company

  • POSSESSION AND CLOSING If BUYERS timely perform all obligations, possession of the Property shall be delivered to Buyers on April 10, 2020, and any adjustments of rent, insurance, interest and all charges attributable to the SELLERS' possession shall be made as of the date of possession. Closing shall occur after the approval of title by BUYERS and vacation of the Property by ▇▇▇▇▇▇▇, but prior to possession by BUYERS. SELLERS agree to permit BUYERS to inspect the Property within 0 hours prior to closing to assure that the premises are in the condition required by this Agreement. If possession is given on a day other than closing, the parties shall make a separate agreement with adjustments as of the date of possession. This transaction shall be considered closed: Upon the delivery of the title transfer documents to BUYERS and receipt of all funds then due at closing from BUYERS under the Agreement.

  • Possession and Use Contractor may possess, use and reproduce Confidential Information solely for the Purpose. Contractor shall not use the Confidential Information for any other purpose.

  • Purchase and Conveyance The Seller, in exchange for the payment of the applicable Purchase Price by the Purchaser on the related Closing Date, receipt of which is hereby acknowledged, hereby sells, transfers, assigns, sets over and conveys to the Purchaser, without recourse, but subject to the terms of this Agreement, all of its rights, title and interest in and to the Mortgage Loans, including the related Mortgage Note and Mortgages, in a Mortgage Loan Package having a Stated Principal Balance in an amount as set forth in the related PPTL, or in such other amount as agreed by the Purchaser and the Seller as evidenced by the actual aggregate principal balance of the Mortgage Loan Package accepted by the Purchaser on the related Closing Date, together with the related Mortgage Files and all rights and obligations arising under the documents contained therein, on a servicing released basis. With respect to each Mortgage Loan, the Purchaser shall own and be entitled to (1) all Monthly Payments due after the related Cut-off Date, (2) all other recoveries of principal collected after the related Cut-off Date (provided, however, that the principal portion of all Monthly Payments due on or before the related Cut-off Date and collected by the Seller or any successor servicer after the related Cut-off Date shall belong to the Seller), and (3) all payments of interest on the Mortgage Loans (minus that portion of any such payment which is allocable to the period prior to the related Cut-off Date). The Stated Principal Balance of each Mortgage Loan as of the related Cut-off Date is determined after application of payments of principal due on or before the related Cut-off Date whether or not collected, together with any unscheduled Principal Prepayments collected prior to the related Cut-off Date; provided, however, that Monthly Payments for a Due Date beyond the Cut-off Date shall not be applied to reduce the principal balance. Such Monthly Payments shall be the property of the Purchaser. If the Servicing Transfer Date has not yet occurred, the Seller shall remit any such Monthly Payments to the Purchaser on the Remittance Date following collection thereof. If the Servicing Transfer Date has occurred, the Seller shall remit any such Monthly Payments to the Purchaser in accordance with the Servicing Transfer Instructions.

  • Sale and Conveyance of Mortgages; Possession of Mortgage File Effective as of the Closing Date and upon receipt of the purchase price set forth in the immediately succeeding paragraph, the Seller does hereby sell, transfer, assign, set over and convey to the Purchaser, without recourse, all of its right, title, and interest (subject to certain agreements regarding servicing as provided in the Pooling and Servicing Agreement, subservicing agreements permitted thereunder and that certain servicing rights appointment agreement, dated as of December 29, 2014, between the Master Servicer and the Seller, and provided that the Seller hereby retains all rights, if any, it has under each Mortgage Loan to establish or designate the successor borrower upon a defeasance of such Mortgage Loan and/or to purchase or cause to be purchased the related defeasance collateral) in and to the Mortgage Loans described in Exhibit A, including all interest and principal received on or with respect to such Mortgage Loans after the Cut-off Date (other than payments of principal and interest first due on the Mortgage Loans on or before the Cut-off Date). Upon the sale of the Mortgage Loans, the ownership of each related Mortgage Note, the Mortgage and the other contents of the related Mortgage File will be vested in the Purchaser and immediately thereafter the Trustee and the ownership of records and documents with respect to the related Mortgage Loan prepared by or which come into the possession of the Seller (other than the records and documents described in the proviso to Section 3(b) hereof) shall immediately vest in the Purchaser and immediately thereafter the Trustee. The Depositor will sell (i) the Class A-1, Class A-2, Class A-3, Class A-4, Class A-SB, Class X-A, Class X-B, Class A-S, Class B, Class C and Class EC Certificates (the “Public Certificates”) to the underwriters specified in the underwriting agreement, dated as of December 16, 2014 (the “Underwriting Agreement”), among the Depositor, J.▇. ▇▇▇▇▇▇ Securities LLC (“JPMS”), Barclays Capital Inc. (“Barclays”), Credit Suisse Securities (USA) LLC (“Credit Suisse”) and D▇▇▇▇▇ ▇▇▇▇▇▇▇▇, LLC (“Drexel” and, collectively with JPMS, Barclays and Credit Suisse, in such capacities, the “Underwriters”); (ii) the Class X-C, Class X-D, Class X-E, Class X-F, Class X-NR, Class D, Class E, Class F, Class NR and Class R Certificates (the “Private Certificates”) to JPMS, Barclays and Credit Suisse as the initial purchasers (each in such capacity, a “Private Certificate Initial Purchaser” and collectively, the “Private Certificate Initial Purchasers”) specified in the certificate purchase agreement, dated as of December 16, 2014 (the “Private Certificate Purchase Agreement”), among the Depositor, Barclays, Credit Suisse and JPMS; and (iii) the Class HOW Certificates (collectively with the Public Certificates and the Private Certificates, the “Certificates”) to JPMS as the initial purchaser (in such capacity, the “Class HOW Certificate Initial Purchaser” and, together with the Private Certificate Initial Purchasers, the “Initial Purchasers”) specified in the certificate purchase agreement, dated as of December 16, 2014 (the “Class HOW Certificate Purchase Agreement” and, together with the Private Certificate Purchase Agreement, the “Certificate Purchase Agreements”), between the Depositor and JPMS. The sale and conveyance of the Mortgage Loans is being conducted on an arms-length basis and upon commercially reasonable terms. The purchase price of the Mortgage Loans (inclusive of accrued interest) shall be equal to the amount set forth on the cross receipt between the Seller and the Purchaser dated the date hereof and shall be paid by the Purchaser to the Seller in immediately available funds on the Closing Date. The purchase and sale of the Mortgage Loans shall take place on the Closing Date.