Common use of Force Majeure and Termination Clause in Contracts

Force Majeure and Termination. 6.9.1 In the event the Project or mine site is destroyed by fire, the elements or any other cause whatsoever and the Project is not rebuilt, or in the event that in the sole discretion of DDMI it is no longer feasible to operate the Project and it permanently closes, DDMI shall be released from all covenants and obligations under the Agreement. 6.9.2 DDMI may curtail, suspend or interrupt Operations as it sees fit and during such period of curtailment, suspension or interruption DDMI shall be relieved of its obligations hereunder to the extent reasonable in the circumstances. 6.9.3 All of the time limits contained herein shall be extended in the event of any delay caused by an act of God, Her Majesty's enemies, quarantine, riots, strikes, perils of navigation or extraordinary weather conditions or any other conditions beyond the reasonable control of the Parties, the extension being for the period of such delay.

Appears in 1 contract

Sources: Socio Economic Monitoring Agreement

Force Majeure and Termination. 6.9.1 7.9.1 In the event the Project or mine site is destroyed by fire, the elements or any other cause whatsoever and the Project is not rebuilt, or in the event that in the sole discretion of DDMI it is no longer feasible to operate the Project and it permanently closes, DDMI shall be released from all covenants and obligations under the Agreement. 6.9.2 7.9.2 DDMI may curtail, suspend or interrupt Operations as it sees fit and during such period of curtailment, suspension or interruption DDMI shall be relieved of its obligations hereunder to the extent reasonable in the circumstances. 6.9.3 7.9.3 All of the time limits contained herein shall be extended in the event of any delay caused by an act of God, Her Majesty's ’s enemies, quarantine, riots, strikes, perils of navigation or extraordinary weather conditions or any other conditions beyond the reasonable control of the Parties, the extension being for the period of such delay.

Appears in 1 contract

Sources: Socio Economic Monitoring Agreement