Effect of Force Majeure Event Sample Clauses
The 'Effect of Force Majeure Event' clause defines the consequences and procedures that apply when an unforeseeable event beyond the control of the parties—such as natural disasters, war, or government actions—prevents one or both parties from fulfilling their contractual obligations. Typically, this clause will specify that affected obligations are suspended for the duration of the force majeure event, and may require the impacted party to notify the other party and take reasonable steps to mitigate the effects. Its core function is to allocate risk and provide a fair mechanism for handling disruptions, ensuring that neither party is unfairly penalized for circumstances outside their control.
POPULAR SAMPLE Copied 9 times
Effect of Force Majeure Event. (a) If a Force Majeure Event prevents a Party from performing, in whole or in part, its obligations under this Agreement, such Party’s obligations, other than obligations to pay money (unless the means of transferring funds is affected), shall be suspended and such Party shall have no liability with respect to such obligations; provided, that the suspension of the Party’s obligations is of no greater scope and of no longer duration than is required by the Force Majeure Event.
(b) If a Force Majeure Event (other than a flood, storm or drought affecting a hydroelectric Unit) reduces the Availability of a Unit, the Availability shall be determined as if the Unit were available up to the Unit Availability Limit in effect prior to the Force Majeure Event through the earlier of the 120th day following the Force Majeure Event or until the Unit’s Availability is restored, whichever occurs first. If a flood or storm Force Majeure Event reduces the Availability of a hydroelectric Unit, the Availability shall be determined as if the Unit were available up to its Unit Availability Limit in effect prior to the Force Majeure Event through the earlier of the 120th day following the Force Majeure Event or until the Unit’s Availability is restored, and as if the Unit were available up to one-half of such Unit Availability Limit from the 120th day through the earlier of the 240th day or the date on which the Unit’s Availability is restored. If a drought Force Majeure Event reduces the Availability of a hydroelectric Unit, the Availability shall be determined as if the Unit were available up to its Unit Availability Limit in effect prior to the Force Majeure Event until the Unit’s Availability is restored following the end of the drought Force Majeure Event.
Effect of Force Majeure Event. If either party to this contract cannot meet an obligation under this contract because of an event outside the control of that party (‘a force majeure event’):
(a) the obligation, other than an obligation to pay money, is suspended to the extent it is affected by the force majeure event for as long as the force majeure event continues; and
(b) the affected party must use its best endeavours to give the other party prompt notice of that fact including full particulars of the event, an estimate of its likely duration, the extent to which the affected party’s obligations are affected and the steps being taken to remove, overcome or minimise those effects.
Effect of Force Majeure Event. Suspension of any Non-Financial Obligations under clause 29.1 (“Suspension of obligations”) does not affect any rights or obligations that may have accrued prior to the suspension or, if the Force Majeure Event affects only some Non-Financial Obligations, any other obligations or rights of the parties.
Effect of Force Majeure Event. Neither Party shall be considered in default in the performance of any of the obligations contained in the Contract Documents, except for the Owner’s or ▇▇▇▇▇’▇ obligations to pay money (including but not limited to, Summary of Payments), when and to the extent the failure of performance shall be caused by a Force Majeure Event. If either Party is rendered wholly or partly unable to perform its obligations under the Contract Documents because of a Force Majeure Event, such Party will be excused from performance affected by the Force Majeure Event to the extent and for the period of time so affected; provided that:
(a) the nonperforming Party, within seventy two (72) hours after the nonperforming Party actually becomes aware of the occurrence of the Force Majeure Event, gives the other Party written notice describing the event or circumstance in detail, including if known, an estimation of its expected duration and probable impact on the performance of the affected Party’s obligations hereunder and continues to furnish timely regular reports with respect thereto during the continuation of and upon the termination of the Force Majeure Event;
(b) the suspension of performance is of no greater scope and of no longer duration than is reasonably required by the Force Majeure Event;
(c) the obligations of either Party that arose before the occurrence causing the suspension of performance and the performance that is not prevented by the occurrence, shall not be excused as a result of such occurrence;
(d) the nonperforming Party uses its best efforts to remedy its inability to perform and mitigate the effect of such event and resumes its performance at the earliest possible time after cessation of such occurrence;
(e) when the nonperforming Party is able to resume performance of its obligations under the Contract Documents, that Party shall give the other Party written notice to that effect; and
(f) ▇▇▇▇▇ shall be entitled to a Day-for-Day time extension for those events set forth in Section 12.1 to the extent the occurrence of such event delayed ▇▇▇▇▇’▇ performance of its obligations under this Agreement.
Effect of Force Majeure Event. If a Force Majeure event results in a Forced Outage then Sections 7.2.1. through 7.2.9 of this Agreement shall apply. If a Force Majeure Event prevents a Party from complying with any one or more obligations under this Agreement, that inability to comply will not constitute a default if
(a) that Party uses reasonable efforts to remediate the Force Majeure Event in accordance with Section 8.4, and (b) that Party complies with its notice obligations under Section 8.2.
Effect of Force Majeure Event. Upon occurrence of any Force Majeure Event, the following shall apply:
(a) There shall be no Termination of this Agreement except as provided in Article 15.7 hereinafter;
(b) Where the Force Majeure Event occurs before COD, the dates set forth in the Project Completion Schedule, and the Concession Period shall be extended by the period for which such Force Majeure Event shall subsist;
(c) Where a Force Majeure Event occurs after COD, the Concessionaire shall continue to make all reasonable efforts to operate the Project and/or to collect Fee, but if it is unable or prevented from doing so, the Concession Period shall, having due regard to the extent of the impact thereof as determined by the NGS / SMC, be extended by the period for which collection of Fee remains affected on account thereof; and
(d) Costs arising out of or concerning such Force Majeure Event shall be borne in accordance with the provisions of the Article 15.6 hereinafter.
Effect of Force Majeure Event. Subject to the limitations set forth in this Agreement and Clauses 13.3 and 13.4, in the event that either Party is rendered unable by reason of a Force Majeure Event in effect after the Effective Date to perform, wholly or in part, any obligation set forth in this Agreement, then upon such Party’s giving notice as specified in Clause 13.2 and full particulars of the Force Majeure Event, those obligations of that Party shall be suspended or excused to the extent their performance is affected by such Force Majeure Event.
Effect of Force Majeure Event. If, but for this clause 21, either party would breach this contract due to the occurrence of a force majeure event:
(a) the obligations of a party under this contract, other than any obligation to pay money, are suspended to the extent to which they are affected by the force majeure event for so long as the force majeure event continues; and
(b) the affected party must use its best endeavours to give the other prompt notice of that fact including full particulars of the force majeure event, an estimate of its likely duration, the obligations affected by it and the extent of its effects on those obligations and the steps taken to remove, overcome or minimise those effects.
Effect of Force Majeure Event. If, but for this clause 17, either party would breach this contract due to the occurrence of a force majeure event:
(a) the obligations of a party under this contract, other than an obligation to pay money (including, in our case, a payment for failure to meet a guaranteed service level), are suspended to the extent to which they are affected by the force majeure event for so long as the force majeure event continues; and
(b) the affected party must use its best endeavours to give the other prompt notice of that fact including full particulars of the force majeure event, an estimate of its likely duration, the obligations affected by it and the extent of its effects on those obligations and the steps taken to remove, overcome or minimise those effects.
Effect of Force Majeure Event. If, either you or we cannot meet an obligation under this contract because of an event outside the control of the party (‘a force majeure event’):
(a) the obligation, other than an obligation to pay money, is suspended to the extent it is affected by the event for so long as the event continues; and
(b) the affected party must use its best endeavours to give the other prompt notice of that fact including full particulars of the event, an estimate of its likely duration, the extent to which its obligations are affected and the steps taken to remove, overcome or minimise those effects.