Force Majeure Report. Upon the occurrence of any Force Majeure Event, Seller shall use its best efforts to continue to perform its obligations under the Agreement and to minimize the adverse effects of such Force Majeure Event. Seller shall notify Buyer of the steps it proposes to take including any reasonable alternative means to continue the performance of its obligations under the Agreement. Seller shall not take any such steps unless approved by Buyer. In the case of Seller declaring a Force Majeure Event, within twelve (12) Days after giving such notice Seller shall prepare and deliver to Buyer an appraisal report of the effects of the Force Majeure Event (the “Force Majeure Report”). The Force Majeure Report shall: (a) specify the Force Majeure Event; (b) describe the damage to and/or other effects on the Liquefaction Train System resulting from the Force Majeure Event; and, (c) provide a good faith estimate (in each case to the extent applicable in the circumstances) of: (i) the time it will take to restore such condition; (ii) the effect which the relevant Force Majeure Event is likely to have upon any other contract relating to the Agreement; (iii) whether or not, in Seller’s opinion, the completion or continued manufacturing of the Liquefaction Train System is technically viable with the reasons for such opinion; and (iv) include all relevant supporting documentation. In addition to the Force Majeure Report, Buyer may request, and Seller shall promptly provide, such related information pertaining to the Force Majeure Report as may be reasonable.
Appears in 7 contracts
Sources: Purchase Order Contract (Venture Global, Inc.), Purchase Order Contract (Venture Global, Inc.), Purchase Order Contract (Venture Global, Inc.)
Force Majeure Report. Upon the occurrence of any Force Majeure Event, Seller shall use its best efforts to continue to perform its obligations under the Agreement and to minimize the adverse effects of such Force Majeure Event. Seller shall notify Buyer of the steps it proposes to take including any reasonable alternative means to continue the performance of its obligations under the Agreement. Seller shall not take any such steps unless approved by Buyer. In the case of Seller declaring a Force Majeure Event, within twelve (12) Days after giving such notice Seller shall prepare and deliver to Buyer an appraisal report of the effects of the Force Majeure Event (the “Force Majeure Report”). The Force Majeure Report shall:
(a) specify the Force Majeure Event;
(b) describe the damage to and/or other effects on the Liquefaction Train System resulting from the Force Majeure Event; and,
(c) provide a good faith estimate (in each case to the extent applicable in m the circumstances) of:
(i) the time it will take to restore such condition;
(ii) the effect which the relevant Force Majeure Event is likely to have upon any other contract relating to the Agreement;
(iii) whether or not, in Seller’s opinion, the completion or continued manufacturing of the Liquefaction Train System is technically viable with the reasons for such opinion; and
(iv) include all relevant supporting documentation. In addition to the Force Majeure Report, Buyer may request, and Seller shall promptly provide, such related information pertaining to the Force Majeure Report as may be reasonable.
Appears in 3 contracts
Sources: Purchase Order Contract (Venture Global, Inc.), Purchase Order Contract (Venture Global, Inc.), Purchase Order Contract (Venture Global, Inc.)