Common use of Consequences of Excusable Delay Clause in Contracts

Consequences of Excusable Delay. 10.2.1 If an Excusable Delay occurs, (a) the Seller will (i) notify the Buyers of such Excusable Delay as soon as practicable after becoming aware of the same; (ii) not be deemed to be in default in the performance of its obligations hereunder as a result of such Excusable Delay; (iii) not be responsible for any damages arising from or in connection with such Excusable Delay suffered or incurred by any of the Buyers; and (iv) subject to the provisions of Subclause 10.3 below, as soon as practicable after the removal of the cause of such Excusable Delay, resume performance of its obligations under this Agreement and notify the Buyers of the revised Scheduled Delivery Month; and *** Confidential Treatment Requested AWE/USA - A350 - PA 28 PRIVILEGED AND CONFIDENTIAL (b) [...***...]

Appears in 1 contract

Sources: Airbus A350 Purchase Agreement (Us Airways Group Inc)

Consequences of Excusable Delay. 10.2.1 If an Excusable Delay occurs, (a) the Seller will (i) notify the Buyers of such Excusable Delay as soon as practicable after becoming aware of the same; (ii) not be deemed to be in default in the performance of its obligations hereunder as a result of such Excusable Delay; (iii) not be responsible for any damages arising from or in connection with such Excusable Delay suffered or incurred by any of the Buyers; and (iv) subject to the provisions of Subclause 10.3 below, as soon as practicable after the removal of the cause of such Excusable Delay, resume performance of its obligations under this Agreement and notify the Buyers of the revised Scheduled Delivery Month; and *** Confidential Treatment Requested AWE/USA - A350 - PA 28 PRIVILEGED AND CONFIDENTIALand (b) [...***...AS AGREED BY THE PARTIES]

Appears in 1 contract

Sources: Purchase Agreement (Us Airways Group Inc)