Common use of Exceptional Event Clause in Contracts

Exceptional Event. 5.6.1. Should an Exceptional event occur in the DESFA’s or BULGARTRNSGAZ’s Natural Gas Transmission System which influences or may influence the Natural Gas flow through the IP, the Party whose system is affected shall inform the other Party within thirty (30) minutes and take the necessary actions to minimize possible influence of such event on its Natural Gas Transmission System. 5.6.2. Within one (1) day from an Exceptional event occurrence, the affected Party shall prepare a report including as a minimum the following: a) Description of the Exceptional event and the causes of its occurrence; b) Hour of occurrence of the Exceptional event and the estimated time of its elimination; c) Available IP capacity until the Exceptional event’s elimination; and d) Operations necessary for the restoration of the IP capacity; 5.6.3. The affected Party in whose system the Exceptional event occurred shall inform the other Party of the progress of the remedial actions. Mutual remedial actions will be agreed upon and applied, if needed. 5.6.4. Upon completion of the Exceptional event repair works, the affected Party shall inform the other Party of the restoration of the IP capacity.