Continued force majeure. If the Force Majeure event continues beyond twelve (12) months after a Party’s Force Majeure notification under clause 18.1.1, the other Party (the Party who did not invoke the Force Majeure clause) shall be entitled – but not obliged – to terminate the Contract. If the Operator gives notice of termination in accordance with the preceding paragraph, the DEA shall be entitled to require the Operator not to terminate provided that the DEA undertakes to cover the Operator’s documented and incurred additional costs in the continued Force Majeure period, i.e. after the lapse of the one hundred and eighty (180) Business Days after the Force Majeure notification. In accordance with the general rules of Danish law, the Operator shall have a duty to reduce such costs as much as possible, and the DEA may at any time with a notice of three (3) months cease to cover the Operator’s costs (at which point in time both Parties shall be entitled to terminate the Contract if the Force Majeure event persists).
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Samples: Contract on Subsidy for Carbon Capture, Transport and Storage, Contract on Subsidy for Carbon Capture, Transport and Storage, Contract on Subsidy for Carbon Capture, Transport and Storage
Continued force majeure. 22.2.1 If the Force Majeure event continues beyond twelve twenty-four (1224) months after a Party’s Force Majeure notification under clause 18.1.122.1.1, the other Party (the Party who did not invoke the Force Majeure clause) shall be entitled – but not obliged – to terminate the Contract. .
22.2.2 If the Operator gives notice of termination in accordance with the preceding paragraph, the DEA shall be entitled to require the Operator not to terminate provided that the DEA undertakes to cover the Operator’s documented and incurred additional costs in the continued Force Majeure period, i.e. ,
i. e. after the lapse of the one hundred and eighty twenty-four (18024) Business Days months after the Force Majeure notification. In accordance with the general rules of Danish law, the Operator shall have a duty to reduce such costs as much as possible, and the DEA may at any time with a notice of three (3) months cease to cover the Operator’s costs (at which point in time both Parties shall be entitled to terminate the Contract if the Force Majeure event persists).
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Samples: Contract on Subsidy for Negative Emissions Carbon Capture, Transport and Storage
Continued force majeure. 23.2.1 If the Force Majeure event continues beyond twelve (12) months after a Party’s Force Majeure notification under clause 18.1.123.1.1, the other Party (the Party who did not invoke the Force Majeure clause) shall be entitled – but not obliged – to terminate the Contract. .
23.2.2 If the Operator gives notice of termination in accordance with the preceding paragraph, the DEA shall be entitled to require the Operator not to terminate provided that the DEA undertakes to cover the Operator’s documented and incurred additional costs in the continued Force Majeure period, i.e. after the lapse of the one hundred and eighty twelve (18012) Business Days months after the Force Majeure notification. In accordance with the general rules of Danish law, the Operator shall have a duty to reduce such costs as much as possible, and the DEA may at any time with a notice of three (3) months cease to cover the Operator’s costs (at which point in time both Parties shall be entitled to terminate the Contract if the Force Majeure event persists).
Appears in 1 contract
Samples: Contract on Subsidy for Carbon Capture, Transport and Storage