Deadlines Extended; Termination Sample Clauses
The "Deadlines Extended; Termination" clause defines the conditions under which contractual deadlines may be extended and the circumstances that allow either party to terminate the agreement. Typically, this clause outlines specific events—such as force majeure, delays beyond a party's control, or mutual agreement—that justify extending deadlines for performance or delivery. It may also specify the process for notifying the other party of an extension or intent to terminate, and detail any notice periods or obligations upon termination. The core function of this clause is to provide flexibility in the contract timeline while offering a clear mechanism for ending the agreement if necessary, thereby managing risk and ensuring both parties understand their rights and responsibilities in the event of delays or unforeseen circumstances.
Deadlines Extended; Termination. Whenever a Party is required to commence or complete any action within a specified period and is prevented or delayed by Force Majeure from commencing or completing such action within the specified period, such period shall be extended by an amount equal to the duration of such event of Force Majeure occurring or continuing during such period except as otherwise specifically provided in this Agreement; provided, however, that in no event shall a Force Majeure extend any term of this Agreement. If any Force Majeure prevents the Seller from delivering power for more than thirty (30) consecutive days, then EKPC may terminate this Agreement upon written notice to Seller and no Party shall have any liability arising out of such termination.
Deadlines Extended; Termination. Whenever a Party is required to commence or complete any action within a specified period and is prevented or delayed by Force Majeure from commencing or completing such action within the specified period, such period shall be extended by an amount equal to the duration of such event of Force Majeure occurring or continuing during such period except as otherwise specifically provided in this Agreement; provided, however, that in no event shall a Force Majeure extend any term of this Agreement.