Common use of Remedial Steps Clause in Contracts

Remedial Steps. As soon as practicable after the occurrence of an event of Force Majeure, the Party claiming relief shall take all reasonable steps in the applicable circumstances to remedy the failure, inability or occurrence, but such Party claiming relief shall not be obligated to: 16.5.1 Incur any extraordinary costs or make more than commercially reasonable investments; 16.5.2 Bring into production any existing or potential reserves not already flowing under this Agreement; 16.5.3 Buy Gas from a third party, or respectively, to sell Gas to a third party; and 16.5.4 Remedy any failure of the Transporter to take delivery of, transport, or deliver Gas in satisfaction of such Party’s obligations respecting a Proper Nomination.

Appears in 2 contracts

Sources: Gas Sale and Purchase Agreement (IC Power Pte. Ltd.), Gas Sale and Purchase Agreement (IC Power Pte. Ltd.)