OF THE ESSENCE OF THIS CONTRACT Clause Samples
The "of the essence of this contract" clause establishes that timely performance of contractual obligations is a fundamental requirement of the agreement. In practice, this means that deadlines and timeframes specified in the contract are critical, and any delay in performance may constitute a material breach. This clause ensures that both parties understand the importance of adhering to agreed schedules, thereby providing certainty and protecting against losses caused by late performance.
OF THE ESSENCE OF THIS CONTRACT. THIS IS A LEGAL DOCUMENT. READ EACH AND EVERY PROVISION (INCLUDING EXHIBITS) OF THIS DOCUMENT BEFORE SIGNING BELOW. PURCHASER UNDERSTANDS THE AUCTION WAY COMPANY, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, BROKER/AUCTIONEER ARE AGENTS OF THE SELLER AND ARE NOT RESPONSIBLE FOR THE PERFORMANCE OF EITHER BUYER OR SELLER. IN WITNESS WHEREOF, each party has hereunto set his hand and affixed his seal on the date indicated below: SIGNED AND SEALED by ▇▇▇▇▇▇▇▇▇ and seller on this 30th day of September 2018. Purchaser: ______________________________ Escrow Agent: ______________________ ▇▇▇▇▇▇ ▇ ▇▇▇▇▇ Address: ________________________________ City: ______________________________ Phone: ________________________________ Email: ________________________________ Purchaser: _______________________________ Address: ________________________________ City: ________________________________ Email: ________________________________ Seller: ________________________________ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Address: ▇▇▇ ▇▇▇ ▇▇▇▇ City: Smiths Station, Alabama 36877 Phone: ▇▇▇.▇▇▇.▇▇▇▇ Email: PARTIES: The Auction Way Company/▇▇▇▇▇▇ ▇. ▇▇▇▇▇, Alabama Auctioneer/Broker, of LaGrange, Georgia, hereinafter called Auctioneers. Sellers/Owner is ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, of, Smiths Station, Alabama, hereinafter called Sellers.
OF THE ESSENCE OF THIS CONTRACT. THIS IS A LEGAL DOCUMENT. READ EACH AND EVERY PROVISION (INCLUDING EXHIBITS) OF THIS DOCUMENT BEFORE SIGNING BELOW. PURCHASER UNDERSTANDS THE AUCTION WAY COMPANY AND ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ AND REMAX RESULTS LAGRANGE AND ▇▇▇▇ ▇▇▇▇▇▇▇▇ ARE AGENTS OF THE SELLER AND ARE NOT RESPONSIBLE FOR THE PERFORMANCE OF EITHER BUYER OR SELLER. IN WITNESS WHEREOF, each party has hereunto set his hand and affixed his seal on the date indicated below: SIGNED AND SEALED by Purchaser on this 29th day of March 2015 Purchaser: _______________________________ Escrow Agent: ________________________ Address: ________________________________ ▇▇▇ ▇▇▇▇▇▇▇▇, Attorney at Law City: ____________________________________ Phone: __________________________________ Email: Purchaser: _______________________________ Address: ________________________________ City: ___________________________________ Phone: __________________________________ Email:
OF THE ESSENCE OF THIS CONTRACT. THIS IS A LEGAL DOCUMENT. READ EACH AND EVERY PROVISION (INCLUDING EXHIBITS) OF THIS DOCUMENT BEFORE SIGNING BELOW. PURCHASER UNDERSTANDS THE AUCTION WAY COMPANY / ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, BROKER ARE AGENTS OF THE SELLER AND ARE NOT RESPONSIBLE FOR THE PERFORMANCE OF EITHER BUYER OR SELLER. IN WITNESS WHEREOF, each party has hereunto set his hand and affixed his seal on the date below: SIGNED AND SEALED by ▇▇▇▇▇▇▇▇▇ and Seller on this Day Purchaser: Seller: Print: Print: ▇▇▇▇▇▇ ▇▇▇▇▇▇ Address: Address: ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ City: State: Zip: City: Manchester State: Tn. Zip: 37355 Phone: . Phone: ▇▇▇-▇▇▇-▇▇▇▇ Email: Email: _▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇ Print: Address: City: State: Zip: Phone: Email: Address: ▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ City/County/State: Murfreesboro, ( Rutherford County ), Tennessee Jurisdiction: 515- Murfreesboro County Property ID#: 079-040.02-000 Subdivision: ▇▇▇▇ ▇▇▇▇▇ White Farm Resub Lot 12 – ▇▇▇▇▇ ▇▇▇▇▇ Farm Map – Book: 34-296 Acres: 1.26000 Zoned: 08 – Commercial All above information taken from Rutherford County, Tennessee court records.
OF THE ESSENCE OF THIS CONTRACT. THIS IS A LEGAL DOCUMENT. READ EACH AND EVERY PROVISION (INCLUDING EXHIBITS) OF THIS DOCUMENT BEFORE SIGNING BELOW. PURCHASER UNDERSTANDS THE AUCTION WAY COMPANY / ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, BROKER; REMAX RESULTS ▇▇▇▇▇▇▇▇ / ▇▇▇ ▇▇▇▇▇▇▇▇, BROKER ARE AGENTS OF THE SELLER AND ARE NOT RESPONSIBLE FOR THE PERFORMANCE OF EITHER BUYER OR SELLER. IN WITNESS WHEREOF, each party has hereunto set his hand and affixed his seal on the date indicated below: SIGNED AND SEALED by Purchaser on this 24th day of March 2018. Ecrow Agent:________________________ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Attorney at Law Purchaser: ______________________________
OF THE ESSENCE OF THIS CONTRACT. In addition and not in limitation of the foregoing and the provisions of the Loan Agreement, the Borrower further agrees to pay all expenses of collection, including reasonable attorneys' fees, if this Note shall be collected by law or through an attorney at law, or in bankruptcy, receivership or other court proceedings. As used herein, reasonable attorneys' fees shall mean actual fees and disbursements incurred by the Bank charged to it by counsel at ordinary and customary rates and shall not be calculated on the basis of the percentage of the outstanding balance of this Note. This Note shall be governed by and construed under the internal laws of the State of North Carolina, without giving effect to principles of conflicts of laws. This Note is intended to be effective as an instrument executed under seal. PRESENTMENT, DEMAND, PROTEST AND NOTICE OF DISHONOR ARE HEREBY WAIVED BY THE BORROWER. Executed under hand and seal of the Borrower on the date first above written. SUMMIT PROPERTIES PARTNERSHIP, L.P., a Delaware Limited Partnership (SEAL) By: Summit Properties Inc., Sole General Partner By: (SEAL) --------------------------------- Mich▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇nior Vice President Attest: --------------------------------- (Assistant) Secretary [Corporate Seal] EXHIBIT C OPINION OF BORROWER'S COUNSEL to be provided by KENN▇▇▇ ▇▇▇I▇▇▇▇▇ ▇▇▇D▇▇▇ & ▇ICK▇▇▇, ▇.L.P. Based on form provided by Bank's counsel. 31 EXHIBIT D FORM OF GUARANTY AGREEMENT 32 EXHIBIT E DESCRIPTION OF REQUIRED COLLATERAL
OF THE ESSENCE OF THIS CONTRACT. In addition and not in limitation of the foregoing and the provisions of the Credit Agreement, the Borrower further agrees to pay all expenses of collection, including reasonable attorneys' fees, if this Note shall be collected by law or through an attorney at law, or in bankruptcy, receivership or other court proceedings.
OF THE ESSENCE OF THIS CONTRACT. In addition and not in limitation of the foregoing and the provisions of the Loan Agreement, the Borrower further agrees to pay all expenses of collection, including reasonable attorneys' fees, if this Note shall be collected by law or through an attorney at law, or in bankruptcy, receivership or other court proceedings. As used herein, reasonable attorneys' fees shall mean actual fees and disbursements incurred by the Bank charged to it by counsel at ordinary and customary rates and shall not be calculated on the basis of the percentage of the outstanding balance of this Note.
OF THE ESSENCE OF THIS CONTRACT. THIS IS A LEGAL DOCUMENT. READ EACH AND EVERY PROVISION (INCLUDING EXHIBITS) OF THIS DOCUMENT BEFORE SIGNING BELOW. PURCHASER UNDERSTANDS THE AUCTION WAY COMPANY / ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, BROKER; ARE AGENTS OF THE SELLER AND ARE NOT RESPONSIBLE FOR THE PERFORMANCE OF EITHER BUYER OR SELLER. IN WITNESS WHEREOF, each party has hereunto set his hand and affixed his seal on the date below: SIGNED AND SEALED by ▇▇▇▇▇▇▇▇▇ and seller on this 30th day of June 2018. Purchaser: ___________________________ Seller: ___________________________________ Print: ________________________ Print: _____________________________ Address: ________________________________ Address: _________________________________ City: _______________ State: ____ Zip: ____ City: _______________ State: ____ Zip: _____ Phone: _____________ Email: Phone: Email: Purchaser: _______________________________ Seller: ___________________________________ Print: __________________________ Print: _____________________________ Address: ________________________________ Address: _________________________________ City: _______________ State: ____ Zip: _____ City: _______________ State: ____ Zip: _____ Phone: _____________ Email: Phone: _____________ Email: __________
OF THE ESSENCE OF THIS CONTRACT. THIS IS A LEGAL DOCUMENT. READ EACH AND EVERY PROVISION (INCLUDING EXHIBITS) OF THIS DOCUMENT BEFORE SIGNING BELOW. PURCHASER UNDERSTANDS THE AUCTION WAY COMPANY / ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, BROKER, ReMAX RESULTS / ▇▇▇ ▇▇▇▇▇▇▇▇, BROKER; ARE AGENTS OF THE SELLER AND ARE NOT RESPONSIBLE FOR THE PERFORMANCE OF EITHER BUYER OR SELLER. IN WITNESS WHEREOF, each party has hereunto set his hand and affixed his seal on the date below: SIGNED AND SEALED by ▇▇▇▇▇▇▇▇▇ and seller on this JULY Print: Print: Address: Address: City: State: Zip: City: State: Zip: Phone: Email: Phone: Email: Print: Print: Address: Address: City: State: Zip: City: State: Zip: Phone: Email: Phone: Email: OWNER: ▇▇▇▇▇ County BOE – Mountville PROPERTY ID#: 0174000003 ZONING: 01-SFMD TAX DISTRICT: 01- Unincorporated ▇▇▇▇▇ (District 01) Acres: 14.24 DEED BOOK: 527 58 PARTIES: Seller ▇▇▇▇▇ County BOE - Mountville, LaGrange (▇▇▇▇▇ County), Georgia, Auctioneer/Real Estate Broker The Auction Way Company and ReMax Results of LaGrange, Georgia.
OF THE ESSENCE OF THIS CONTRACT. THIS IS A LEGAL DOCUMENT. READ EACH AND EVERY PROVISION (INCLUDING EXHIBITS) OF THIS DOCUMENT BEFORE SIGNING BELOW. PURCHASER UNDERSTANDS THE AUCTION WAY COMPANY / ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, AUCTIONEER/BROKER, ARE AGENTS OF THE SELLER AND ARE NOT RESPONSIBLE FOR THE PERFORMANCE OF EITHER BUYER OR SELLER. IN WITNESS WHEREOF, each party has hereunto set his hand and affixed his seal on the date below: SIGNED AND SEALED by ▇▇▇▇▇▇▇▇▇ and Seller on this 18th day of October 2022. Print: ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Address: Address: ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ City: State: Zip: City: Leesburg State: Ga. Zip: 31763 Ph: Em: Ph:▇▇▇-▇▇▇-▇▇▇▇ EM:▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ Print: ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇, as Personal Representative of ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Deceased Address: Address: ▇▇▇▇ ▇▇. Piney Road City: State: Zip: City: St Petersburg State: Fl Zip: 33702 Phone: Email: Phone: ▇▇▇-▇▇▇-▇▇▇▇ EM: ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇ PARTIES: Sellers: ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ as Personal Representative of the Estate of ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇. and Auctioneer/Real Estate Broker: The Auction Way Company/▇▇▇▇▇▇ ▇. ▇▇▇▇▇ of LaGrange, Georgia. DISPUTES: Auctioneer in charge will settle any disputes as to bids this decision on such matters will be final. ANNOUNCEMENTS: Announcements from the auction box will take precedence over the information received from any prior written or oral information.