Time of the Essence and Delay Sample Clauses

The "Time of the Essence and Delay" clause establishes that meeting specified deadlines and timeframes is a fundamental requirement of the contract. In practice, this means that any dates or periods set for performance—such as delivery, completion, or payment—are strictly binding, and failure to meet them constitutes a breach. This clause ensures that parties cannot treat deadlines as flexible, thereby providing certainty and protecting against losses caused by delays.
Time of the Essence and Delay 
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Related to Time of the Essence and Delay

  • Time of the Essence Time is of the essence of this Agreement.

  • Time of the Essence in This Tenant Work Letter Unless otherwise indicated, all references herein to a “number of days” shall mean and refer to calendar days. If any item requiring approval is timely disapproved by Landlord, the procedure for preparation of the document and approval thereof shall be repeated until the document is approved by Landlord.

  • Time of the Essence; Computation of Time Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge or any duty hereunder shall fall upon a Saturday, Sunday, or any date on which banks in New York, New York are authorized to be closed, the party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding day which is a regular business day.

  • Time of Essence Time is of the essence of this Agreement.

  • TIME IS ESSENCE The Promoter shall abide by the time schedule for completing the project as disclosed at the time of registration of the project with the Authority and towards handing over the [Apartment/Plot] to the Allottee and the common areas to the association of allottees or the competent authority, as the case may be.