Termination due to Non-Natural Force Majeure Event Clause Samples

The 'Termination due to Non-Natural Force Majeure Event' clause allows either party to end the contract if an unforeseeable, non-natural event—such as war, government action, or cyberattacks—prevents fulfillment of contractual obligations. Typically, this clause outlines the specific types of non-natural events covered and the process for notifying the other party and formally terminating the agreement. Its core function is to allocate risk and provide a clear exit mechanism when extraordinary, human-caused disruptions make contract performance impossible or impractical.
Termination due to Non-Natural Force Majeure Event a) Upon occurrence of a Non-Natural Force Majeure Event, the SPD shall, at its discretion, have the right to terminate the PPA forthwith after the completion of the period of 180 (one hundred and eighty) Days from the date of the Force Majeure Notice. b) On termination of the PPA pursuant to Article 11.10.2(a): i. SECI shall pay to the SPD, ‘Force Majeure Termination Compensation’ equivalent to the amount of the Debt Due and the 110% (one hundred and ten per cent) of the Adjusted Equity, as defined in the PPA, and takeover the Project assets. ii. the SPD shall be eligible for undisputed payments under outstanding Monthly ▇▇▇▇(s), before the occurrence of Force Majeure Event.
View SourceView Similar (9)
Termination due to Non-Natural Force Majeure Event a) Upon occurrence of a Non-Natural Force Majeure Event, the RPD shall, at its discretion, have the right to terminate the PPA forthwith after the completion of the period of 180 (one hundred and eighty) Days from the date of the Force Majeure Notice. b) Notwithstanding anything in Article 11.6, on termination of the PPA pursuant to Article 11.10.2(a): i. The Buying Entity shall pay to the RPD for RE Project(s), ‘Force Majeure Termination Compensation’ equivalent to the amount of the Debt Due and the 110% (one hundred and ten per cent) of the Adjusted Equity, as defined in the PPA, for the RE Projects and takeover the RE Project assets. ii. The RPD shall be eligible for undisputed payments under outstanding Monthly ▇▇▇▇(s), before the occurrence of Force Majeure Event.
View SourceView Similar (6)
Termination due to Non-Natural Force Majeure Event a) Upon occurrence of a Non-Natural Force Majeure Event, the HPD shall, at its discretion, have the right to terminate the PPA forthwith after the completion of the period of 180 (one hundred and eighty) Days from the date of the Force Majeure Notice. b) On termination of the PPA pursuant to Article 11.10.2(a): i. SECI shall pay to the HPD, ‘Force Majeure Termination Compensation’ equivalent to the amount of the Debt Due and the 110% (one hundred and ten per cent) of the Adjusted Equity, as defined in the PPA, and takeover the Project assets. ii. the HPD shall be eligible for undisputed payments under outstanding Monthly ▇▇▇▇(s), before the occurrence of Force Majeure Event.
View SourceView Similar (4)
Termination due to Non-Natural Force Majeure Event a) If, prior to the completion of the 365 (Three Hundred Sixty Five) Day period (or any extended period) for a Non Natural Force Majeure Event commencing from the date of issuance of the Force Majeure Notice, the Parties are of the reasonable view that a Non Natural Force Majeure Event is likely to continue beyond such 365 (Three Hundred Sixty Five) Day period or any extended period agreed in pursuance of Article 11.5 (Performance Excused); or that it is uneconomic or impractical to restore the affected Unit, then the Parties may mutually decide to terminate the PPA, and the termination shall take effect from the date on which such decision is taken. b) Without prejudice to the provisions of Article 11.10.2.(a) above, the Affected Party shall, after the expiry of the period of 365 (Three Hundred Sixty Five) Days or any other mutually extended period, be entitled to forthwith terminate the PPA in its sole discretion by issuing a notice to that effect. c) On termination of the PPA pursuant to Article 11.10.2 (b): i. no Termination Compensation shall be payable to the SPD. ii. the SPD shall be eligible for undisputed payments under outstanding Monthly ▇▇▇▇(s), before the occurrence of Force Majeure Event.
View SourceView Similar (4)
Termination due to Non-Natural Force Majeure Event a) Upon occurrence of a Non-Natural Force Majeure Event, the Generator shall, at its discretion, have the right to terminate the PPA forthwith after the completion of the period of 180 (one hundred and eighty) Days from the date of the Force Majeure Notice. b) Notwithstanding anything in Article 11.4.6, on termination of the PPA pursuant to Article 11.4.8.2(a):
View SourceView Similar (3)
Termination due to Non-Natural Force Majeure Event a) Upon occurrence of a Non-Natural Force Majeure Event, the WPD shall, at its discretion, have the right to terminate the PPA forthwith after the completion of the period of 180 (one hundred and eighty) Days from the date of the Force Majeure Notice. b) On termination of the PPA pursuant to Article 11.10.2(a): i. SECI shall pay to the WPD, ‘Force Majeure Termination Compensation’ equivalent to the amount of the Debt Due and the 110% (one hundred and ten per cent) of the Adjusted Equity, as defined in the PPA, and takeover the Project assets. ii. the WPD shall be eligible for undisputed payments under outstanding Monthly ▇▇▇▇(s), before the occurrence of Force Majeure Event.
View Source
Termination due to Non-Natural Force Majeure Event a) Upon occurrence of a Non-Natural Force Majeure Event, the Generator shall, at its discretion, have the right to terminate the PPA forthwith after the completion of the period of 180 (one hundred and eighty) Days from the date of the Force Majeure Notice. b) Notwithstanding anything in Article 8.6, on termination of the PPA pursuant to Article 8.8.2(a): i. the Procurer shall pay to the Generator, ‘Force Majeure Termination Compensation’ equivalent to the amount of the Debt Due and the 110% (one hundred and ten per cent) of the Adjusted Equity, as defined in the Article 10.3.4 of this PPA and takeover the Project assets. ii. the Generator shall be eligible for undisputed payments under outstanding Monthly ▇▇▇▇(s), before the occurrence of Force Majeure Event.”
View Source

Related to Termination due to Non-Natural Force Majeure Event

  • Termination Due to Force Majeure Event If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 shall, to the extent expressly made applicable, apply.

  • Termination due to Force Majeure 13.5.1 If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, either Party shall have the right to cause termination of the Agreement. In such an event, this Agreement shall terminate on the date of such Termination Notice.

  • Termination Notice for Force Majeure Event 21.7.1 If a Force Majeure Event subsists for a period of 60 (sixty) days or more within a continuous period of 120 (one hundred and twenty) days, either Party may in its discretion terminate this Agreement by issuing a Termination Notice to the other Party without being liable in any manner whatsoever, save as provided in this Article 21, and upon issue of such Termination Notice, this Agreement shall, notwithstanding anything to the contrary contained herein, stand terminated forthwith; provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall inform the other Party of such intention and grant 15 (fifteen) days time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion issue the Termination Notice.

  • Termination for continuing Force Majeure Event Either Party may, by written notice to the other, terminate this Framework Agreement if a Force Majeure Event endures for a continuous period of more than one hundred and twenty (120) Working Days.

  • Termination Payment for Force Majeure Event 30.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 55% (fifty five per cent) of the Debt Due less Insurance Cover. 30.9.2 If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due; (b) 60.5% (sixty point five per cent) of the Adjusted Equity; and 30.9.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 as if it were Authority’s Default.