Examples of Phase IA in a sentence
The Allottee hereby further agrees and undertakes that it shall not form or participate in the formation of any separate association for Phase IA and shall join the Association as a member in accordance with the terms of this Agreement.
The Allottee further acknowledges that the Allottee has fully understood that the Project is being developed in phases, with Phase IA being one such phase of the Project.
If however, the completion of Phase IA is delayed due to Force Majeure, then the Allottee agrees that the Promoter shall be entitled to extension of time for delivery of possession of the Apartment.
The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement Phase IA 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 (forty five) days from the date of termination without any interest or compensation and after deduction of such other tax/levy as may be applicable at such time.
The Allottee hereby acknowledges that, considering the fact that Phase IA is a phase of the Project which is comprised within the Said Land, there shall only be a single association for the Project, which shall include all the purchasers of Units in Phase IA.