Common use of TIMEISESSENCE Clause in Contracts

TIMEISESSENCE. Time is of essence for the Promoter as well as the Allottee. The Promoter shall abide by the time schedule forcompletingtheprojectandhandingoverthe[Apartment/Plot]totheAllotteeandthecommonareastotheassociationof the allottees after receiving the occupancy certificate* or the completion certificate or both, as the case may be.Similarly,theAllotteeshallmaketimelypaymentsoftheinstallmentandotherduespayablebyhim/herandmeetingthe other obligations under the Agreement subject to the simultaneous completion of construction by the Promoteras provided in Schedule C ("Payment Plan").

TIMEISESSENCE. Time is of essence for the Promoter as well as the Allottee. The Promoter shall abide by the time schedule forcompletingtheprojectandhandingoverthe[Apartment/Plot]totheAllotteeandthecommonareastotheassociationof Plot]totheAllotteeandthecommonareastotheassoci ationof the allottees after receiving the occupancy certificate* or the completion certificate or both, as the case may be.Similarly,theAllotteeshallmaketimelypaymentsoftheinstallmentandotherduespayablebyhim/herandmeetingthe herandmeet ingthe other obligations under the Agreement subject to the simultaneous completion of construction by the Promoteras provided in Schedule C ("Payment Plan").

TIMEISESSENCE. Time is of essence for the Promoter as well as the Allottee. The Promoter shall abide by the time schedule forcompletingtheprojectandhandingoverthe[Apartment/Plot]totheAllotteeandthecommonareastotheassociationof Plot]totheAllotteeandtheco mmonareastotheassociationof the allottees after receiving the occupancy certificate* or the completion certificate or both, as the case may be.Similarly,theAllotteeshallmaketimelypaymentsoftheinstallmentandotherduespayablebyhimtheAllotteeshallmaketimelypaymentsoftheinstallmentandotherduespa yablebyhim/herandmeetingthe other obligations under the Agreement subject to the simultaneous completion of construction by the Promoteras provided in Schedule C ("Payment Plan").