Time of Essence Notice Sample Clauses

Time of Essence Notice. 11.5.1 At any time after the target or approximate Closing Date set forth in Part A either party may notify the other party of the urgency of the need to close and declare time is of the essence. The notice shall specify a time and place for closing during business days and hours at least ten (10) business days from receipt of said notice. In the event the other party is not prepared to close at the time, place and date set forth in said notice, the notifying party shall have no obligation to complete the transaction and may terminate this Contract. For purposes of this section, termination of this Contract shall have no effect on the ability of the terminating party to exercise all otherwise available legal rights and remedies.
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Related to Time of Essence Notice

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

  • Time of the Essence Time shall be 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.

  • Advance Notice At any time during the Commitment Period, the Company may deliver an Advance Notice to the Investor, subject to the conditions set forth in Section 7.2; provided, however, the amount for each Advance as designated by the Company in the applicable Advance Notice, shall not be more than the Maximum Advance Amount. The aggregate amount of the Advances pursuant to this Agreement shall not exceed the Commitment Amount. The Company acknowledges that the Investor may sell shares of the Company's Common Stock corresponding with a particular Advance Notice on the day the Advance Notice is received by the Investor. There will be a minimum of seven (7) Trading Days between each Advance Notice Date.

  • Advance Notification The Company shall notify the Shop Committee and the Union not less than six (6) months in advance of intent to institute changes in working methods or facilities which would involve the discharge or laying off of employees.

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