TIME IS OF THE ESSENCE OF THIS AGREEMENT Sample Clauses
The "Time is of the Essence" clause establishes that all deadlines and timeframes specified in the agreement are critical and must be strictly adhered to by the parties involved. In practice, this means that if a party fails to perform an obligation by the agreed-upon date or within a specified period, it may be considered a material breach of contract, potentially entitling the other party to remedies such as termination or damages. The core function of this clause is to emphasize the importance of timely performance, ensuring that delays are not tolerated and that both parties are clear about the consequences of missing deadlines.
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TIME IS OF THE ESSENCE OF THIS AGREEMENT. In computing the number of days for purposes of this Agreement, all days shall be counted, including Saturdays, Sundays and holidays; provided, however, that if the final day of any time period provided in this Agreement shall end on a Saturday, Sunday or legal holiday, then the final day shall extend to 5:00 p.m. Eastern time of the next full business day. For the purposes of this Section, the term “holiday” shall mean a day other than a Saturday or Sunday on which banks are closed in the state in which the Real Property is located.
TIME IS OF THE ESSENCE OF THIS AGREEMENT. In computing the number of days for purposes of this Agreement, all days shall be counted, including Saturdays, Sundays and holidays (unless “business days” is specified, in which case
TIME IS OF THE ESSENCE OF THIS AGREEMENT. The remedies herein granted are cumulative and in addition to all of the remedies granted to Landlord by law or inequity. DEFAULT BY TENANT If Tenant defaults in the payment of rental when due or otherwise defaults or violates any term, condition or provision of this Lease, including the rule and regulations below, or shall abandon the premises or attempt to remove his possessions from the premises, then Landlord shall have the option whether to terminate this Lease by written notice to the Tenant and institute legal dispossessory proceeding and/or bring an action for distress warrant in accordance with the procedures therefore, or institute any other remedy as may be authorized at law or in equity, or, without terminating this Lease, to enter upon and take possession of premises, removing all persons and property there from and to re-rent premises at the best price obtainable by reasonable effort, without advertisement and by private negotiations and for any term Landlord deems proper. Such termination shall not release Tenant from liability for any unpaid rentals or other amount due under this Lease, past or future. Tenant shall be liable to Landlord for any deficiency between all rentals due hereunder and the price obtained by Landlord on such re-letting. Notwithstanding the commencement of a dispossessory proceeding and the execution of a writ of possession on account of default by Tenant, Tenant shall remain liable to Landlord for all rent and other charges accrued through the date on which possession is obtained by Landlord and shall continue to be liable for any rentals accruing thereafter until the earlier of a) the expiration of the term of the Lease or b) the re-rental of the apartment.
TIME IS OF THE ESSENCE OF THIS AGREEMENT. The captions in this Agreement are inserted for convenience of reference only and do not define, describe, or limit the scope or intent of this Agreement or any of its terms.
TIME IS OF THE ESSENCE OF THIS AGREEMENT. All parties agree to execute, make and deliver all necessary documents and funds to close this transaction. Closing means the execution and delivery of the promissory notes, deed of trust, other required documents, payment of required cash by Buyer and Seller or as provided herein.
TIME IS OF THE ESSENCE OF THIS AGREEMENT. In computing the number of days for purposes of this Agreement, all days shall be counted, including Saturdays, Sundays and holidays (unless "business days" is specified, in which case Saturdays, Sundays and holidays shall not be counted); provided, however, that if the final day of any time period provided in this Agreement shall end on a Saturday, Sunday or legal holiday, then the final day shall extend to 5:00 p.m. of the next full business day. For the purposes of this Section, the term "holiday" shall mean a day other than a Saturday or Sunday on which national banks in the State in which the Property is located are or may elect to be closed.
TIME IS OF THE ESSENCE OF THIS AGREEMENT. This Agreement may be executed in counterparts, each of which will be deemed an original, but all of which together will be deemed to be one and the same instrument.
TIME IS OF THE ESSENCE OF THIS AGREEMENT. Punch List Time
TIME IS OF THE ESSENCE OF THIS AGREEMENT. This Agreement supersedes any letter of intent or prior agreement between Developer and the City and constitutes the entire agreement of the Parties relating to the subject matter hereof, and is binding upon Developer and the City, their heirs, successors, legal representatives and assigns.
TIME IS OF THE ESSENCE OF THIS AGREEMENT. Seller shall perform all of its obligations for delivery of the goods on or before the date designated herein or approved in writing by ▇▇▇▇▇▇ ▇▇▇▇▇. Upon Seller’s failure to make timely delivery of the goods, ▇▇▇▇▇▇ ▇▇▇▇▇ shall have all of the rights of a buyer described in Uniform Commercial Code, Article 2 in effect in the State [as defined herein], including, and without limitation, the right to cancel the Purchase Order and the right to obtain cover.