Time is of the Essence Clause Example with 4 Variations from Business Contracts

This page contains Time is of the Essence clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Time is of the Essence. The Parties acknowledge and agree that time is of the essence, and that they must each use commercially reasonable best efforts to effectuate and consummate the Restructuring as soon as reasonably practicable.

Variations of a "Time is of the Essence" Clause from Business Contracts

Time is of the Essence. The Parties to this Agreement acknowledge and agree that time is of the essence, and that they the Parties must each use commercially reasonable best efforts to effectuate and consummate the Restructuring as soon as reasonably practicable.
Time is of the Essence. The Parties acknowledge and agree that time is of the essence, essence and that they must each use commercially reasonable best efforts to effectuate and consummate the Restructuring Transaction and Plan as soon as reasonably practicable.
Time is of the Essence. The Parties acknowledge and agree that time is of the essence, and that they must each use commercially reasonable best efforts to effectuate and consummate the Restructuring as soon as reasonably practicable.
Time is of the Essence. The Parties acknowledge and agree that time is of the essence, essence and that they must each use commercially reasonable best efforts to effectuate and consummate the Restructuring Transaction as soon as reasonably practicable.