TIME IS OF THE ESSENCE definition

TIME IS OF THE ESSENCE. Time is of the essence with respect to the Parties' respective obligations under this Agreement.
TIME IS OF THE ESSENCE with respect to all provisions of this Agreement, with the sole exception that each of Buyer and Seller shall be entitled to a single adjournment (not to exceed two (2) business days in any event) of the Closing Date.
TIME IS OF THE ESSENCE is a legal term that emphasizes the strictness of time limits. In this case, it means it will be a material breach of this Agreement to fail to perform any obligation within the time required or permitted by this Agreement.

Examples of TIME IS OF THE ESSENCE in a sentence

  • TIME IS OF THE ESSENCE to this Agreement in connection with the delivery of the products or services or both (“Products and Services”) described in the Scope of Work attached and incorporated into this Agreement as Exhibit A.

  • It is also understood and agreed that TIME IS OF THE ESSENCE IN CLOSING OUT THE WORK.

  • TIME IS OF THE ESSENCE OF THE CONTRACT and of each and every portion thereof for which a certain length of time is fixed for performance.

  • TIME IS OF THE ESSENCE with regard to all dates and time periods set forth herein.

  • TIME IS OF THE ESSENCE with regard to all dates and time periods set forth and/or incorporated herein.


More Definitions of TIME IS OF THE ESSENCE

TIME IS OF THE ESSENCE. With respect to this agreement, the parties agree that no extensions of time limits are binding unless specifically agreed to in writing. This agreement shall be construed without regard to the party or parties responsible for its preparation.
TIME IS OF THE ESSENCE means that a deadline must be strictly followed. THIS LEASE INCLUDES THE PROVISIONS ON THE NEXT PAGE. NOTE: SIGNING THIS LEASE CREATES LEGAL ENFORCEABLE RIGHTS.
TIME IS OF THE ESSENCE means the contract must be performed within the stipulated time.
TIME IS OF THE ESSENCE means that time is a material condition in a construction contract and delay in the performance of the contract could disrupt the orderly progress of the construction, affect the operations of the District, or affect the cost of construction.
TIME IS OF THE ESSENCE. Time is of the essence in the performance of this Agre ement.
TIME IS OF THE ESSENCE. Time is of the essence in respect to all provisions of the Option Agreement that specify a time for performance.
TIME IS OF THE ESSENCE regarding the timely completion by Contractor of the Work set forth in this Agreement. As such, Contractor agrees that its failure to complete the Work within the timeframe set forth in this Agreement will cause damage(s) to Viejas which are uncertain and difficult to quantify. Therefore, Contractor and Viejas agree that if Contractor fails to complete the Work by , 200 . Contractor agrees to pay Viejas $ /day for each day Contractor has not completed the Work. The parties agree that this $ /day payment is not a penalty but liquidated damages which are deemed reasonable and a fair estimation of the losses, expenses and damages that Viejas will suffer as a result of Contractor’s failure to achieve a timely completion of the Work. Contractor shall not be responsible for delays or failures if such delay arises out of acts of God or of the public enemy, fires, floods, epidemics, riots, quarantine restrictions, strikes, freight embargoes, earthquakes, electrical outages, computer or communications failures, and severe weather, and acts or omissions of subcontractors or third parties.