MEMORANDUM OF UNDERSTANDING
(M. O. U. )
The Comunicacion of Understanding is accomplished in Noida, Uttar Pradesh on this 18th of June 2013 between.
M/s Solaris Infra Assignments Private Limited, a company authorized under the Corporations Act, 1956 having because office at 2366, Chuna Mandi, Pahar Ganj, Delhi-110055, through the Director Mister. Mritunjay Kumar, S/o. G. N. S Sinha R/o. 102/ ciento tres J. T. Arcade, Sector- 18, Noida duly approved by the Board of Company directors (hereafter known as the " First PartyвЂќ, which phrase shall unless of course repugnant to context hereof mean and including it is successors, managers, permitted designates and all all those claiming through it. )
M/s Unibera Designers Pvt. Ltd. A company incorporated under the Businesses Act, 1956 having its Signed up Office, H-187, Sarita Vihar, Delhi-110044, nevertheless its Overseer Mr. Digvijay Chauhan S/o. Shri. Durga Singh Chauhan duly authorized by the Board of Administrators (hereinafter termed as the " Second PartyвЂќ which appearance shall until repumgent to context hereof mean and can include its successors, administrators, authorized assigns and those proclaiming through it).
Whereas First Part and Second Get together, together termed as " PartiesвЂќ.
WHEREAS Better Noida Professional Development Power allotted the Leasehold Storyline No . GH-16-F, (admeasuring 24, 620 Sq Mtr. ) Sector-01, Higher Noida, (hereinafter referred to as the " stated plot of landвЂќ) for the first party for growing the housing project/s through way of lease contract deed old 21. 06. 2013, Vahi No . 1, Jild number 13545, Page no . 231 to 340, Registration number 15293 accomplished its prefer by the workplace of Sub- Registrar Workplace, Gautam Budh Nagar (U. P. )
AND WHEREAS the 1st Party keeping in view the help of Second Party in producing and selling the enclosure complexes, features offered to give the development and construction legal rights of four, oo, ooo sq . foot. (Four Lac) of FSI in the said plot of land, with foot images of 2280 Sq mrt for three podiums No . 03, No . apr ( twenty two storied) with out. 05 (23 Storied) previously mentioned basement flooring surfaces or stilt car parking pertaining to construction of approx 444 flats ( Approx) of numerous sizes, towards the second Party against the concern of Rs. 5, 13, 000, 00(five crores thirteen lakhs only) and the second party has agreed to agree to the task of FSI at the same price for the following conditions.
NOW THE MEMORANDUM OF UNDERSTAND WITNESSETH AS UNDERNEATH: -
1 ) RULES OF INTERPRETATION: -
In this Meters. O. U. unless the context otherwise requires: -
a. Headings are to get convenience only and will not affect interpretation;
b. Words denoting the singular amount shall include the plural and vice versa;
c. Words denoting any sexuality shall incorporate all sexes;
d. Words and phrases denoting folks shall incorporate bodies of persons and corporations and vice cersa;
e. Where a word or perhaps phrase is usually defined, other areas of speech and grammatical forms of that word or phrase and cognate expressions shall have got, corresponding meanings'
f. Sources to any Party shall include the party's successors and authorized assigns;
g. References to the document should be deemed to incorporate references to it also to its sortie, annexure, demonstrates, recitals, agendas and dining tables as diverse from time to time.
l. Documents accomplished pursuant to the M. Um. U. contact form part of this kind of M. O. U.
my spouse and i. Reference to any M. Um. U. or perhaps notice shall mean a great M. To. U. or notice in writing and вЂwriting includes all means of reproducing words in a tangible and permanently inteligible from;
j. Reference to this M. O. U. to " RecitalsвЂќ and ClausesвЂќ are to the recitals and clauses with this M. Um. U.
t. If there is any conflict in interpreting two or more closes on this M. U. U. same shall be viewed harmoniously. installment payments on your ANNEXURES
1 ) That the Annexures to this Meters. O. U. shall by an integral part of this M. U. U.
a few. Scope from the M. U. U.
1 ) That...