Common use of No Extension of Term Clause in Contracts

No Extension of Term. The Term shall be extended because of or by the duration of an event of Force Majeure, in case the Terminal Operator is the Affected Party. In case the Affected Party is the Terminal User, the Term could be also extended, because of or by the duration of an event of Force Majeure at the sole discretion of such Terminal User.

Appears in 3 contracts

Sources: LNG Terminal Use Agreement, LNG Terminal Use Agreement, LNG Terminal Use Agreement