Timely Delivery and Performance Clause Samples

The Timely Delivery and Performance clause establishes the obligation for parties, typically a supplier or contractor, to complete their work or deliver goods and services within agreed-upon deadlines. In practice, this clause sets specific timeframes for milestones or final delivery, and may outline consequences for delays, such as penalties or the right to terminate the contract. Its core function is to ensure that projects or transactions proceed on schedule, minimizing disruptions and providing recourse if deadlines are not met.
Timely Delivery and Performance. Time is of the essence in Supplier’s performance of the Agreement. University is relying upon the promised Merchandise delivery date and/or performance date for Services set forth in the Agreement. If Supplier fails to deliver or perform as and when promised, University, in its sole discretion, may terminate the Agreement, PO, or any part thereof, without prejudice to its other rights, return all or part of any shipment made, and charge Supplier with any loss or expense sustained as a result of such failure to deliver or perform as promised.
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Related to Timely Delivery and Performance

  • Delivery and Performance All work performed under contracts or task orders will be at the highest quality applicable and delivered according to Statement of Objectives (SOO), Statement of Works (SOW), or Performance Work Statements (PWS). The Contractor must deliver and perform according to the requirements of the contract or task order, and may be denied further work for substandard performance. The Government may include deliveries or performance requirements, such as (1) optional clauses, (2) agency clauses, or (3) specific clauses, in a contract or task order.

  • Payment and Performance The Borrower will pay all amounts due under the Loan Documents in accordance with the terms thereof and will observe, perform and comply with every covenant, term and condition expressed or implied in the Loan Documents. The Borrower will cause each other Loan Party to observe, perform and comply with every such term, covenant and condition in any Loan Document.

  • Guaranty of Payment and Performance Guarantor’s obligations under this Guaranty constitute an unconditional guaranty of payment and performance and not merely a guaranty of collection.