Force Majeure Conditions. If at times during the continuance of the Agreement/Contract, it becomes impossible by reason of war or war-like operations, epidemical sickness, pestilence, earthquake, fire, storm or floods, the supplier shall during the continuance of such contingencies not be bound to execute the contract as per the agreement/contract. The work shall be resumed immediately after the contingency/cies has / have ceased or otherwise determined and the Successful Bidder’s obligations shall continue to be in force for correspondingly extended period after the resumption of execution. The Successful Bidder shall however inform the Corporation by registered post about such act at once. In the event of delay lasting over one month, if arising out of cause of Force Majeure, the Corporation reserves the right to cancel the contract without any compensation. Only events of Force Majeure which affects the order progressing at the time of its occurrence shall be taken into cognizance. The Corporation shall not be liable to pay extra costs due to delayed supplies made under Force Majeure.
Appears in 2 contracts
Sources: Rate Contract for Printing of Textbooks, Rate Contract