TIME IS OF THE ESSENCE OF THIS CONTRACT Sample Clauses
The "Time is of the Essence" clause establishes that all deadlines and timeframes specified in the contract are critical and must be strictly adhered to by the parties involved. In practice, this means that if a party fails to meet a specified deadline—such as delivering goods, completing services, or making payments—they may be considered in breach of contract without the need for further notice or grace periods. The core function of this clause is to emphasize the importance of timely performance, ensuring that delays are treated as significant breaches and providing certainty and urgency to contractual obligations.
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TIME IS OF THE ESSENCE OF THIS CONTRACT. The Contractor’s failure to substantially complete the Work within the Contract Time or to achieve Final Completion as required will cause damage to the Owner. These damages are liquidated by agreement of the Contractor and the Owner, as set forth in Article 9.11 below.
TIME IS OF THE ESSENCE OF THIS CONTRACT. The Consultant shall be prepared to provide the professional services in the most expedient and efficient manner possible in order to complete the work by the times specified. Promptly after the execution of this Contract, the Consultant shall prepare and submit for the City to approve in writing, a detailed schedule for the performance of the Consultant’s services to meet the City’s project milestone dates which are included in this Contract. The Consultant’s schedule shall include allowances for periods of time required for the City’s review and for approval of submissions by authorities having jurisdiction over the Project. The schedule will also specify payment milestones associated with design tasks.
TIME IS OF THE ESSENCE OF THIS CONTRACT. The Contractor shall commence the Work on the Notice to Proceed and proceed continuously and diligently to complete the Work within the Contract Time, and achieve each Contract Milestone, Substantial Completion and Final Completion by the times required by the Contract, all in accordance with the Contractor’s approved project approach and approved Schedule.
TIME IS OF THE ESSENCE OF THIS CONTRACT. Consultant agrees to engage its best efforts to adhere strictly to the schedule set forth in the schedule, a copy of which is hereby marked Exhibit C and incorporated herein.
TIME IS OF THE ESSENCE OF THIS CONTRACT. The Contractor shall be prepared to provide the professional services in the most expedient and efficient manner possible in order to complete the work by the times specified. Promptly after the execution of this Contract, the Contractor shall prepare and submit for the City to approve in writing, a detailed schedule for the performance of the Contractor’s services to meet the City’s project milestone dates which are included in this Contract. The Contractor’s schedule shall include allowances for periods of time required for the City’s review and for approval of submissions by authorities having jurisdiction over the Project. The time limits established by this schedule over which Contractor has control shall not be exceeded without written approval from the City.
TIME IS OF THE ESSENCE OF THIS CONTRACT. Dated this 21st day of August, 2014 at 5 p.m. This agreement is void if not accepted by Seller by the 27th day of August, 2014 by Noon PURCHASER ___/"Signed"/ ▇▇▇▇▇ Posner________/____________ SELLER __________/______________ On this 24th day of August, 2014 the foregoing offer is (Initial) Accepted __X__/_____ Not Accepted _____/_____ Countered _____/______
TIME IS 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.
TIME IS OF THE ESSENCE OF THIS CONTRACT. Dated this day of , at a.m./p.m.
TIME IS OF THE ESSENCE OF THIS CONTRACT. Dated _ at (time) AM / PM
TIME IS OF THE ESSENCE OF THIS CONTRACT. This Contract shall inure to the benefit of, and be binding upon, the parties hereto, their heirs, successors, administrators, executors and assigns. Purchaser may assign this Contract in whole or in part without the consent of Seller.