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
It is understood and agreed that TIME IS OF THE ESSENCE IN THIS CONTRACT, and the Contractor agrees to begin actual work covered by each Sub-Order on the date specified in the Notice to Proceed (NTP) for the Sub-Order and to prosecute the same with all due diligence so as to complete the work of the Sub-Order within the number of calendar days issued with each sub-order.
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. Time is of the essence in the performance of and compliance with each of the provisions and conditions of this Contract.
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 Agreeme nt.
TIME IS OF THE ESSENCE. Time is of the essence as to all dates and deadlines set in this Contract or by law, unless otherwise provided in Special 31