Common use of Force Majeure Condition Clause in Contracts

Force Majeure Condition. A party shall not be in default under this Agreement for any purpose other than providing grounds for termination of this Agreement or liable for any nonperformance which is caused by acts outside of its reasonable control including fire, flood, explosion, war, terrorism, embargo, or act of God during the period to the extent that such extraordinary condition delays, impairs or prevents such party’s performance, provided that such breach or delay is not the fault of the non-performing party and could not have been prevented by the non-performing party taking commercially reasonable precautions (a “Force Majeure Condition”).

Force Majeure Condition. A Neither party shall not be in default under this Agreement for any purpose other than providing grounds for termination of this Agreement or liable for any nonperformance which is caused by acts outside of its reasonable control including fire, flood, explosion, war, terrorism, strike, embargo, any act, order or requirement of a regulatory body, court, legislature, government or military authority or act of God during the period to the extent that such extraordinary condition delays, impairs or prevents such party’s performance, provided that such breach or delay is not the fault of the non-performing party and could not have been prevented by the non-performing party taking commercially reasonable precautions (a “Force Majeure Condition”).