Common use of TIME AND EXCUSABLE DELAY Clause in Contracts

TIME AND EXCUSABLE DELAY. 12.1 M&B, Supplier and Customer shall each perform its obligations in a diligent and timely manner and M&B or Supplier, as applicable, recognises that the express timings set forth for the performance of the Services are a material consideration for Customer entering into this Agreement. The Parties acknowledge that such performance obligations may be subject to and affected by certain circumstances, delays and impediments defined as Excusable Delays in Clause 12.2. immediately below and as generally provided in this Clause 12.