Prompt Performance Clause Samples
The Prompt Performance clause requires parties to fulfill their contractual obligations without unnecessary delay. In practice, this means that each party must complete their duties, such as delivering goods, making payments, or providing services, within the timeframes specified in the agreement or as soon as reasonably possible. This clause helps ensure that the contract progresses smoothly and prevents one party from stalling or causing avoidable delays, thereby maintaining the efficiency and reliability of the contractual relationship.
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Prompt Performance. Each party agrees to perform its obligations under this document promptly, unless a specific time for performance is expressly stated in this document. Time is of the essence in respect of an obligation to pay money.
Prompt Performance. All actions required to be taken (including payments) by any party under this Agreement shall be performed within the time prescribed for performance in this Agreement, or if no period is prescribed, such actions shall be performed promptly.
Prompt Performance. Restoration of the Premises under this Section 6.02 shall be performed in accordance with Section 2.04(b) hereof. If the work of repairing, replacing or rebuilding said damaged or destroyed Premises or portion thereof shall not have been commenced promptly following the receipt of all required approvals of Lessee's plans and specifications, or having been commenced, shall not be expeditiously proceeding, Lessor shall have all rights under this Lease in respect of a default by Lessee.
Prompt Performance. If this deed specifies when the party agrees to perform an obligation, the party agrees to perform it by the time specified. Each party agrees to perform all other obligations promptly.
Prompt Performance. Time is of the essence of each covenant and condition set forth in this Agreement.
Prompt Performance. If this agreement specifies when the party agrees to perform an obligation, the party agrees to perform it by the time specified. Each party agrees to perform all other obligations promptly.
Prompt Performance. Subject to clause 18.15 (“Time of the essence”):
(a) if a Transaction Document specifies when a Borrower agrees to perform an obligation, the Borrower agrees to perform it by the time specified; and
(b) the Borrowers agree to perform all other obligations promptly.
Prompt Performance. Promptly perform in all material respects each and every term and condition of this Agreement and of each document delivered in connection herewith, time being of the essence.
Prompt Performance. All actions required to be taken by any Party under this Agreement shall be performed within the time prescribed for performance in this Agreement, or if no period is prescribed, such actions shall be performed as soon as practicable.
Prompt Performance. If this document specifies when you must perform an obligation, you must perform it by the time specified. You must perform all other obligations promptly.