Common use of Delay Owing to Force Majeure Clause in Contracts

Delay Owing to Force Majeure. In the event of any such delay as a consequence of circumstances of Force Majeure, the Recipient of any affected Service may elect to either: (i) submit a Change Control Request to extend the time for performance of the affected Service for a period equal to the time lost by reason of the delay, provided, however, that such extension period shall not extend beyond December 31, 2016; or (ii) terminate this TSA in relation to those Services which are affected by the Force Majeure event.

Appears in 3 contracts

Samples: Transitional Services Agreement (Citizens Financial Group Inc/Ri), Transitional Services Agreement (Citizens Financial Group Inc/Ri), Transitional Services Agreement (Citizens Financial Group Inc/Ri)

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Delay Owing to Force Majeure. In the event of any such delay as a consequence of circumstances of Force Majeure, the Recipient of any affected Service may elect to either: (i) submit a Change Control Request to extend the time for performance of the affected Service for a period equal to the time lost by reason of the delay, provided, provided however, that such extension period shall not extend beyond December 31, 2016the Scheduled MSA End Date; or (ii) terminate this TSA MSA in relation to those Services which are affected by the Force Majeure event.

Appears in 3 contracts

Samples: Master Services Agreement (Citizens Financial Group Inc/Ri), Master Services Agreement (Citizens Financial Group Inc/Ri), Master Services Agreement (Citizens Financial Group Inc/Ri)

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Delay Owing to Force Majeure. In the event of any such delay as a consequence of circumstances of Force Majeure, the Recipient of any affected Service may elect to either: (i) submit a Change Control Request to extend the time for performance of the affected Service for a period equal to the time lost by reason of the delay, provided, provided however, that such extension period shall not extend beyond December 31, 2016the Scheduled TSA End Date; or (ii) terminate this TSA in relation to those Services which are affected by the Force Majeure event.

Appears in 3 contracts

Samples: Transitional Services Agreement (Citizens Financial Group Inc/Ri), Transitional Services Agreement (Citizens Financial Group Inc/Ri), Transitional Services Agreement (Citizens Financial Group Inc/Ri)

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