REFUND: It is understood that if the Agreement is cancelled by the Applicant(s), the Company shall refund to the Applicant(s) the payments then held by the Company, after deducting the administrative fee of 25% paid by the purchaser, plus the cost any night if used by the purchaser but without any interest within 90 working days from the date of cancellation request.
EXIT OPTION: It is understood that this Agreement is cancellable upon receipt of written notice (without any personal reason) at the option of either party within a period of right to seek the exit option, subject to the deduction of an additional penalty charge of Rs. 1000 per working day. Upon expiry of the above period, if no such notice is received within the stipulated time, the parties agree to be bound by the terms and conditions of this Agreement thereafter, and the developer shall not be entitled to refund any money held by it.
