Common use of Notice and Performance Clause in Contracts

Notice and Performance. (a) If a party becomes aware of any matter likely to constitute a Force Majeure Event, that party must promptly give Notice of that matter and all relevant particulars to the other party. (b) Within 20 Business Days after the occurrence of a Force Majeure Event, the Affected Party must give the other party Notice of: (i) the full particulars of the Force Majeure Event including the nature and duration of the Force Majeure Event; and (ii) the relevant obligations of the Affected Party under this agreement which have been affected. (c) If a party receives a Notice under clause 11.2(b), it will be deemed to have accepted the contents of that Notice unless the contents are Disputed by the party receiving the Notice in accordance with clause 16 within 10 Business Days of the Notice being sent.

Appears in 1 contract

Sources: Preliminary Works Agreement

Notice and Performance. (a) If a party becomes aware of any matter likely to constitute a Force Majeure Event, that party must promptly give Notice of that matter and all relevant particulars to the other party. (b) Within 20 Business Days after the occurrence of a Force Majeure Event, the Affected Party must give the other party Notice of: (i1) the full particulars of the Force Majeure Event including the nature and duration of the Force Majeure Event; and (ii2) the relevant obligations of the Affected Party under this agreement which have been affected. (c) If a party receives a Notice under clause 11.2(b), it will be deemed to have accepted the contents of that Notice unless the contents are Disputed by the party receiving the Notice in accordance with clause 16 within 10 Business Days of the Notice being sent.

Appears in 1 contract

Sources: Preliminary Works Agreement