Common use of Consequences of Force Majeure Clause in Contracts

Consequences of Force Majeure. If the affected party is affected by a Force Majeure for a continuous period of 3 months (or for periods which, when aggregated over any period of 6 months totals 3 months) then the other party shall be entitled to terminate by notice in writing to the affected party. In this event, the termination shall take effect 7 days after the notice is given, and the Contractor shall proceed in accordance with sub-clause 16.2 [Cessation of Work and Removal of Contractor's Equipment] and shall be paid in accordance with sub-clause 19.6 [Optional Termination, Payment and Release]. All dates or times for performance of any obligations shall to the extent that the performance obligations concerned are affected by Force Majeure be extended by a period equal to the period for which such Force Majeure exists. For the avoidance of doubt the occurrence of an event of Force Majeure shall be excused from the performance of its obligations for as long as the event of Force Majeure subsists, but shall not under any circumstances be entitled to any costs or increase in the Contract Price.

Appears in 10 contracts

Samples: Contract Agreement, STS Crane, Contract Agreement

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