Common use of Variable Nature of Land Share and Share In Common Portions Clause in Contracts

Variable Nature of Land Share and Share In Common Portions. The Buyer fully comprehends, acknowledges and accepts that (1) the Land Share and the Share In Common Portions is a notional proportion that the Said Flat bears to the currently proposed area of the Said Block/ Said Blocks/Project (2) if the area of the Said Block/Said Blocks/Project is recomputed by the Owner , integrate or add (notionally or actually) Other Blocks to the Said Property (which the Owner shall have full right to do and which is hereby unconditionally accepted by the Buyer), then the Land Share, and the Share In Common Portions shall vary accordingly and proportionately and the Buyer shall not question any variation (including diminution) therein (3) the Buyer shall not demand any refund of the Total Consideration paid by the Buyer on the ground of or by reason of any variation of the Land Share and the Share In Common Portions and (4) the Land Share and the Share In Common Portions are not divisible and partible and the Buyer shall accept (without demur) the proportionate share with regard to various matters, as be determined by the Owner , in its absolute discretion.

Appears in 1 contract

Sources: Agreement for Sale Without Possession

Variable Nature of Land Share and Share In Common Portions. The Buyer Purchasers fully comprehends, acknowledges comprehend and accepts accept that (1) the Land Share and the Share In Common Portions is a notional proportion that the Said Flat bears to the currently proposed area of the Said Block/ Said Blocks/Project Building (2) if the area of the Said Block/Said Blocks/Project Building is recomputed by the Owner , integrate Owners or if the Owners integrate/add (notionally or actually) the Other Blocks Building to the Said Property Premises (which the Owner Owners shall have full right to do and which right is hereby unconditionally accepted by the BuyerPurchasers), then and in such event, the Land Share, Share and the Share In Common Portions shall vary accordingly and proportionately and the Buyer Purchasers shall not question any variation (including diminution) therein (3) the Buyer Purchasers shall not demand any refund of the Total Consideration Price paid by the Buyer Purchasers on the ground of or by reason of any variation of the Land Share and and/or the Share In Common Portions and (4) the Land Share and the Share In Common Portions are not divisible and partible and the Buyer Purchasers shall accept (without demur) the proportionate share with regard to various matters, as be determined by the Owner Owners, in its their absolute discretion.

Appears in 1 contract

Sources: Partnership Agreements

Variable Nature of Land Share and Share In Common Portions. The Buyer fully comprehends, acknowledges comprehends and accepts that (1) the Land Share and the Share In Common Portions is a notional proportion that the Said Flat bears to the currently proposed area of the Said Block/ Said Blocks/Project Building (2) if the area of the Said Block/Said Blocks/Project Building is recomputed by the Owner Developer, integrate or add (notionally or actually) Other Blocks any adjacent land to the Said Property (which the Owner Developer shall have full right to do and which is hereby unconditionally accepted by the Buyer), then the Land Share, and the Share In Common Portions shall vary accordingly and proportionately and the Buyer shall not question any variation (including diminution) therein (3) the Buyer shall not demand any refund of the Total Consideration paid by the Buyer on the ground of or by reason of any variation of the Land Share and the Share In Common Portions and (4) the Land Share and the Share In Common Portions are not divisible and partible and the Buyer shall accept (without demur) the proportionate share with regard to various matters, as be determined by the Owner Developer, in its absolute discretion.

Appears in 1 contract

Sources: Sale Agreement