Common use of POSSESSION OF THE UNIT Clause in Contracts

POSSESSION OF THE UNIT. 7.1 Schedule for possession of the said Unit: The Promoter agrees and understands that timely delivery of possession of the said Unitis the essence of the Agreement. The Promoter, based on the approved plans and specifications, assures to hand over possession of the said Unit on or before December, 2023, with an additional grace period of 06 (Six) months, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake pandemic / epidemic or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions (as defined in the Act) then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the said Unit. Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. After refund of the money paid by the Allottee, ▇▇▇▇▇▇▇▇ agrees that he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THE UNIT. 7.1 Schedule for possession of the said Apartment / Unit: The Promoter agrees and understands that timely delivery of possession of the said Unitis Unit is the essence of the Agreement. The Promoter, based on the approved plans and specifications, assures to hand over possession of the said Unit Apartment on or before December, 2023, with an additional grace period of 06 12 (Sixtwelve) months, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, court order, pandemic / epidemic or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions (as defined in the Act) then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the said Apartment / Unit. ,Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. After refund of the money paid by the Allottee, ▇▇▇▇▇▇▇▇ agrees that he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THE UNIT. 7.1 Schedule for possession of the said Unit: The Promoter agrees and understands that timely delivery of possession of the said Unitis Unit is the essence of the Agreement. The Promoter, based on the approved plans and specifications, assures to hand over possession of the said Unit on or before December, 202330th June 2025, with an additional grace period of 06 12 (Sixtwelve) months, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, court order, pandemic / epidemic or any other calamity caused by nature or other causes affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions (as defined in the Act) then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the said Unit. Provided , provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that datethe period mentioned in the Act. After refund of the money paid by the Allottee, ▇▇▇▇▇▇▇▇ agrees that he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

POSSESSION OF THE UNIT. 7.1 Schedule for possession of the said Apartment / Unit: The Promoter agrees and understands that timely delivery of possession of the said Unitis Unit is the essence of the Agreement. The Promoter, based on the approved plans and specifications, assures to hand over possession of the said Unit Apartment on or before December, 2023__, with an additional grace period of 06 12 (Sixtwelve) months, unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake earthquake, court order, pandemic / epidemic or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions (as defined in the Act) then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the said Apartment / Unit. , Provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 45 days from that date. After refund of the money paid by the Allottee, ▇▇▇▇▇▇▇▇ agrees that he/she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.