Common use of TIME IS OF THE ESSENCE OF THIS CONTRACT Clause in Contracts

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.

Appears in 40 contracts

Samples: Agreement, Agreement, assets.system.tamus.edu

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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 Substantial 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.

Appears in 3 contracts

Samples: assets.system.tamus.edu, assets.system.tamus.edu, assets.system.tamus.edu

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