Common use of Excuse from Performance Clause in Contracts

Excuse from Performance. No Party shall be liable to any other Party for delay in performance of, or failure to perform, its obligations under this Agreement, if such delay or failure is caused by a Force Majeure Event. However, a Force Majeure Event shall not excuse a Project Participant from paying its Base Rate Charge, when due, pursuant to Section 13.4.

Appears in 5 contracts

Sources: Project Implementation Agreement, Implementation Agreement, Project Implementation Agreement