The Company shall be entitled at its own option to cancel and terminate this agreement on the Intending Allotee(s):

• (i) not clearing all his dues along with interest @12% per annum within 60 days from the date the said amount becomes payable; and/or/on
• (ii) Committing default in payment due date under the agreement twice; and/or/on
• (iii) Committing breach of any of the terms and conditions herein contained.
• (iv) The Company Reserves its right to cancel the Registration/Allotment or Charge Interest or Forfeit the Deposited Amount if the future Payments are Delayed by more than Two Months.

On cancellation all rights, title or interest of the Intending Allottee(s) over the said unit shall stand nullified and the Allottee(s] shall have no further right title or interest over the said unit, and the Company shall be entitled to transfer the said unit to any other person at its own discretion.

On cancellation the Company shall also be entitled to damages amounting to 20% of the paid amount from the Intending Allottee(s). The Company after making such appropriation shall refund the balance amount to the intending Allottee(s) within 180 days from the date of such termination. It is agreed by and between the parties that the liquidated damages as the aforesaid 10% is just proper and reasonable.

• In case the intending Alltottee(s)gives a written notice to cancel the allotment, then in that event the Builder shall cancel the allotment and after deducting 20% of the paid amount along with overdue interest from the amounts received from the Intending Allottee[s) till that date, refund the balance amount to the Intending Allottee(s) within 180 days from the date of cancellation.
• In case the Allottee wants to avail of a loan facility from his employer or financing bodies to facilitate the purchase of the unit applied for, the Company shall facilitate the process subject to the following:
• (a). The terms of the Financing Agency shall exclusively be binding and applicable upon the Allottee only.
• (b). The responsibility of getting the loan sanctioned and disbursed, as per the Company's payment schedule shall rest exclusively on the Allottee. In the event of the loan not being sanctioned or the disbursement en getting delayed, the payment to the Company. as per schedule, shall be ensured by the Allottee, failing which, the Allottee shall be governed by the provision contained in clause 10 as above.
• All taxes or charges, present or future, on land or building levied by the authority, from the date of booking, including the one time Urban Assessment/Ground Rent payable to the authority shall be borne and paid proportionately by the Allottee[s). Free hold conversion charges, if payable, will also be borne and paid by Allottee[s) proportionately. Service tax & VAT payable as applicable.
• The Intending Allottee[s) shall get his/her complete address registered with the Company at the time of booking and it shall be his/her responsibility to inform the company by registered A/D letter about all subsequent changes, if any, in his/her address, failing which all demand notices and letters posted at the first registered address will be deemed to have been received by him/her at the time when those should ordinarily reach such address and the Intending Allottee[s) shall be responsible for any default in payment and other consequences that might occur there from.
• In case of transfer of allotment/assignments of ownership of the unit, a transfer fee as prescribed by the Company shall be payable by the Allottees to the Company
• The applicant agrees that the development of the project is subject to force majeure clause which includes delay for any reason beyond the control of the Company like non-availability of any building material or enemy action or natural calamities or any Act of God. In case of delay in possession as a result of any notice, order, rule. Notification of the Government/ Public/ Company Authority, delay in issue of completion certificate/occupancy certificate or any other reason beyond the control of the Company & in such an event, the Company shall be entitled to reasonable extension of time. However, all conditions being favorable if the Company fails to deliver the unit within 8 months from the original schedule of delivery, the Company shall be responsible only to consider for allotting alternative available residential farmhouse/ villa/ flat unit or refund the amount already deposited with simple interest @ 8% p.a. for the delayed period.
• The applicant has understood that the development & completion of the whole pre/act may be done in phases and this may cause some inconvenience to residents of earlier phases and he/she shall not have any objection to the same.
• The company shall have the first lien and charge on the said Flat for all its dues and other sums payable by the Intending Allottee(s) to the company.
• In case of NRI/Foreign National buyers, the adherence to the provisions of the Foreign Exchange Management Act 1999 and any other law as may be prevailing shall bethe responsibility of the Allotee
• The Allottee shall not use the said unit for any purpose other than for which the said unit is being acquired by him except with prior written permission of the Builder.
• Correspondence shall be done only with the 'First Applicant' at the address for communication as it appears on the application form.
• On intimation from the Company. the Intending Allottee[s) shall be bound to execute the Agreement and other documents as may be required by the Company. On failure to execute the same and/or adhere to the terms and conditions mentioned therein, the Company shall be free to deal with the unit as it may deem fit and proper, The Intending Allottee[s) shall not have any right, title. interest and/or lien over the unit. The application/booking amount in such an event shall stand forfeited and this application form shall be cancelled by the Company without any further writing.
• Courts at Uttar Pradesh alone shall have exclusive jurisdiction for adjudication of all matters arising out of/touching and/or concerning this transaction.