Common use of Abatement of Force Majeure Clause in Contracts

Abatement of Force Majeure. (a) Performance of any obligation affected by a Force Majeure Event must be resumed as soon as reasonably possible after the termination or abatement of the Force Majeure Event. (b) If due to a Force Majeure Event, the Force Majeure party is unable to perform any of its obligations under this agreement for a continuous period of 30 days: (i) either Party may immediately terminate this agreement under clause 25.1(c); or (ii) the Parties may agree to negotiate and effect suitable amendments to this agreement, provided that if the Parties are unable to reach any such agreement within 5 Business Days from the expiration of the above 30 day period, XL may serve notice on the Supplier to immediately terminate this agreement. (c) Termination of this agreement under this clause does not prejudice the rights of XL or the Supplier against each other in respect of any matter or thing occurring under this agreement prior to the Force Majeure Event.

Abatement of Force Majeure. (a) Performance of any obligation affected by a Force Majeure Event must be resumed as soon as reasonably possible after the termination or abatement of the Force Majeure Event. (b) If due to a Force Majeure Event, the Force Majeure party is unable to perform any of its obligations under this agreement for a continuous period of 30 days:: Schedule 1 - Dictionary | page | 17 (i) either Party XL may immediately terminate this agreement under clause 25.1(c13.1(c); or (ii) the Parties may agree to negotiate and effect suitable amendments to this agreement, provided that if the Parties are unable to reach any such agreement within 5 Business Days from the expiration of the above 30 day period, XL may serve notice on the Supplier to immediately terminate this agreement. (c) Termination of this agreement under this clause does not prejudice the rights of XL or the Supplier against each other in respect of any matter or thing occurring under this agreement prior to the Force Majeure Event.

Abatement of Force Majeure. (a) Performance of any obligation affected by a Force Majeure Event must be resumed as soon as reasonably possible after the termination or abatement of the Force Majeure Event. (b) If due to a Force Majeure Event, the Force Majeure party is unable to perform any of its obligations under this agreement for a continuous period of 30 days: (i) either Party XL may immediately terminate this agreement under clause 25.1(c13.1(c); or (ii) the Parties may agree to negotiate and effect suitable amendments to this agreement, provided that if the Parties are unable to reach any such agreement within 5 Business Days from the expiration of the above 30 day period, XL may serve notice on the Supplier to immediately terminate this agreement. (c) Termination of this agreement under this clause does not prejudice the rights of XL or the Supplier against each other in respect of any matter or thing occurring under this agreement prior to the Force Majeure Event.