Common use of TIME IS ESSENCE Clause in Contracts

TIME IS ESSENCE. 4.1 Time is of the essence for the Promoter as well as the Allottee. The Promoter shall abide by the time schedule for completing the Project, as provided in this Agreement and towards handing over the Apartment to the Allottee and the Common Areas to the Association, as the case may be. Similarly, the Allottee shall make timely payments of the instalments and other dues payable by him/her/it and meet the other obligations under the Agreement as provided in the Payment Plan.

TIME IS ESSENCE. 4.1 Time is of the essence for the Promoter as well as the Allottee. The Promoter shall abide by the time schedule for completing the Project, as provided in this Agreement disclosed at the time of registration of the Project with the competent authority under the Act and towards handing over the Apartment to the Allottee and the Common Areas to the Association, as the case may be. Similarly, the Allottee shall make timely payments of the instalments and other dues payable by him/her/it and meet the other obligations under the Agreement Agreement, subject to the simultaneous completion of construction by the Promoter as provided in the Payment Plan.

TIME IS ESSENCE. 4.1 Time is of the essence for the Promoter as well as the Allottee. The Promoter shall abide by the time schedule for completing the Project, as provided in this Agreement Project and towards handing over the Apartment Unit to the Allottee and the Common Areas to the AssociationAssociation of allottees after receiving the occupancy certificate or the completion certificate, as the case may be. Similarly, the Allottee shall make timely payments of the instalments installment and other dues payable by him/her/it her and meet meeting the other obligations under the Agreement subject to the simultaneous completion of construction by the Promoter as provided in the Payment PlanPlan in SCHEDULE 5.

TIME IS ESSENCE. 4.1 Time is of the essence for the Promoter as well as the Allottee. The Promoter shall abide by the time schedule for completing the Project, as provided in this Agreement disclosed at the time of registration of the Project with the competent authority under the Act and towards handing over the Apartment to the Allottee and the Common Areas to the Association, as the case may be. Similarly, the Allottee shall make timely payments of the instalments installments and other dues payable by him/her/it and meet the other obligations under the Agreement Agreement, subject to the simultaneous completion of construction of the Project as provided in the Payment Plan.

TIME IS ESSENCE. 4.1 5.1 Time is of the essence for the Promoter as well as the Allottee. The Promoter shall abide by the time schedule for completing the Project, as provided in this Agreement project and towards handing over the Apartment to the Allottee and the Common Areas common areas to the Associationassociation of the allottees after receiving the occupancy certificate* or the completion certificate or both, as the case may be. Similarly, the Allottee shall make timely payments of the instalments installment and other dues payable by him/her/it her and meet meeting the other obligations under the Agreement subject to the simultaneous completion of construction by the Promoter as provided in the SCHEDULE – “C” ("Payment Plan").

TIME IS ESSENCE. 4.1 4.1. Time is of the essence for the Promoter as well as the Allottee. The Promoter shall abide by the time schedule for completing the ProjectPhase IA, as provided in this Agreement disclosed at the time of registration of Phase IA with the competent authority under the Act and towards handing over the Apartment to the Allottee and the Common Areas to the Association, as the case may be. Similarly, the Allottee shall make timely payments of the instalments and other dues Dues payable by him/her/it and meet the other obligations under the Agreement Agreement, subject to the simultaneous completion of construction by the Promoter as provided in the Payment Plan.

TIME IS ESSENCE. 4.1 Time is of the essence for the Promoter as well as the Allottee. The Promoter shall abide by the time schedule for completing the Project, as provided in this Agreement disclosed at the time of registration of the Project with the competent authority under the Act and towards handing over the Apartment to the Allottee and the Common Areas to the Association, as the case may be. Similarly, the Allottee shall make timely payments of the instalments and other dues Dues payable by him/her/it and meet the other obligations under the Agreement Agreement, subject to the simultaneous completion of construction by the Promoter as provided in the Payment Plan.