Why is my /var/log/messages flooded with these messages "hpet1: lost 1 rtc interrupts" ?

Issue

• Some processes are not able to access the hardware clock.
• /dev/rtc is being used by an application, which will be locked so none of the other processes are able to access /dev/rtc.
• The system keeps on generating logs:

kernel: hpet1: lost 2 rtc interrupts
kernel: hpet1: lost 1 rtc interrupts
kernel: hpet1: lost 575 rtc interrupts
kernel: hpet1: lost 2594 rtc interrupts
kernel: hpet1: lost 285 rtc interrupts
kernel: hpet1: lost 275 rtc interrupts