Duration of a force majeure event. If a force majeure event prevents a party from fulfilling this Agreement’s obligations for a period of 01 (one) year, the other party shall reserve the rights to unilaterally terminate the Agreement after 60 (sixty) days from the date of written notification unless such obligations are to be performed within 60 (sixty) days; and provided that the Purchaser does not choose to terminate the Agreement under force majeure events as stipulated in paragraphs b and dd, Clause 1 of this Article.
Appears in 2 contracts
Samples: Circular on Project Development and Power Purchase Agreement for Biomass Power Projects, Circular
Duration of a force majeure event. If a force majeure event prevents a party from fulfilling this Agreement’s obligations for a period of 01 (one) year, the other party shall reserve the rights right to unilaterally terminate the Agreement after 60 (sixty) days from the date of written notification unless such obligations are to be performed within these 60 (sixty) days; . All parties will meet and provided that make reasonable efforts to work out and reach agreement on appropriate solutions to the Purchaser does not choose to terminate the Agreement under force majeure events as stipulated in paragraphs b event, which is based on negotiations and dd, Clause 1 a spirit of this Articlegoodwill.
Appears in 2 contracts
Samples: Circular on Amending and Supplementing Articles, Circular on Amending and Supplementing Articles
Duration of a force majeure event. If a force majeure event prevents a party from fulfilling this Agreement’s obligations for a period of 01 (one) year, the other party shall reserve the rights to unilaterally terminate the Agreement after 60 (sixty) days from the date of written notification notification, unless such obligations are to be performed within 60 (sixty) days; and provided that the Purchaser does not choose to terminate the Agreement under force majeure events as stipulated in paragraphs b and dd, Clause 1 of this Article.
Appears in 2 contracts
Samples: Standardized Power Purchase Agreement, Standardized Power Purchase Agreement
Duration of a force majeure event. If a force majeure event prevents a party from fulfilling this Agreement’s obligations for a period of 01 (one) year, the other party shall reserve the rights to unilaterally terminate the Agreement after 60 (sixty) days from the date of written notification unless such obligations are to be performed within 60 (sixty) days; . All parties will meet and provided that make reasonable efforts to work out and reach agreement on appropriate solutions to the Purchaser does not choose to terminate the Agreement under force majeure events as stipulated in paragraphs b event, which is based on negotiations and dd, Clause 1 a spirit of this Articlegoodwill.
Appears in 1 contract
