Cancellation Due to a Force Majeure Event Clause Samples

The 'Cancellation Due to a Force Majeure Event' clause allows either party to terminate or suspend their contractual obligations if unforeseen events beyond their control—such as natural disasters, war, or government actions—make performance impossible or impractical. Typically, this clause outlines the types of events considered force majeure and the procedures for notifying the other party and documenting the event. Its core function is to protect both parties from liability when extraordinary circumstances prevent fulfillment of the contract, ensuring fairness and risk allocation in unpredictable situations.
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Cancellation Due to a Force Majeure Event. If Supplier is entirely prevented from performing its obligations hereunder for a period of one-hundred eighty (180) consecutive days as a result of the occurrence of a Force Majeure Event suffered by Supplier, then Supplier may cancel, without additional liability, any then remaining unperformed portion of this Agreement, upon not less than thirty (30) Business Days’ prior written notice to the Purchaser; provided, however, that nothing in this Section 14.5 shall relieve or excuse Supplier from its obligations under Article 7 of this Agreement in respect of the occurrence of a Force Majeure Event or relieve either Party from any payment obligation that has accrued as of the date of cancellation or prior thereto; provided further, however, that any payment obligations of Purchaser shall be reduced by the amount of funds received by Supplier, if any, in connection with the resale of any Turbines or Turbine components sold that are applicable to such payment obligations of Purchaser, and, if following such reduction, Purchaser is owed a refund of some portion of the Purchase Price from Supplier, Supplier shall refund to Purchaser the applicable amount of Purchase Price previously paid to Supplier within thirty (30) days of such termination.
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Related to Cancellation Due to a Force Majeure Event

  • Termination Due to Force Majeure Event If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 shall, to the extent expressly made applicable, apply.

  • Termination due to Force Majeure 13.5.1 If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, either Party shall have the right to cause termination of the Agreement. In such an event, this Agreement shall terminate on the date of such Termination Notice.

  • Termination Notice for Force Majeure Event 21.7.1 If a Force Majeure Event subsists for a period of 60 (sixty) days or more within a continuous period of 120 (one hundred and twenty) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 21, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

  • Termination for Force Majeure 15.5.1. The License Agreement may be terminated for Force Majeure Reasons as specified in Article -14.

  • Force Majeure Event 16.1 If a Force Majeure Event gives rise to a failure or delay in either party performing any obligation under this Agreement (other than any obligation to make a payment), that obligation will be suspended for the duration of the Force Majeure Event. 16.2 A party that becomes aware of a Force Majeure Event which gives rise to, or which is likely to give rise to, any failure or delay in that party performing any obligation under this Agreement, must: (a) promptly notify the other; and (b) inform the other of the period for which it is estimated that such failure or delay will continue. 16.3 A party whose performance of its obligations under this Agreement is affected by a Force Majeure Event must take reasonable steps to mitigate the effects of the Force Majeure Event.