Common use of Force Majeure Delay Clause in Contracts

Force Majeure Delay. a. If Optionee shall be prevented by Force Majeure from timely performance of any obligations under this Agreement other than the obligation to maintain the Claims in good standing, the failure shall be excused and the period for performance shall be extended for a period equal to the duration of the condition constituting Force Majeure. b. Optionee shall promptly give Optionor notice of commencement and termination of Force Majeure. Optionee shall use reasonable diligence to remove Force Majeure but shall not be required to institute legal proceedings, settle any labor dispute or challenge the validity of any law, regulation, action or inaction of government.