Common use of Event of Force Majeure Clause in Contracts

Event of Force Majeure. In the event that performance under this License, or any obligation hereunder, is hindered, delayed or prevented by reason of acts of God, strikes, lockouts, labor troubles, intervention of any governmental authority, fire, riots, insurrections, invasions, war or other reason of similar nature beyond the reasonable control of the Party and are without its fault or negligence, then performance of that act shall be excused for the period of the delay and the period for the performance of that act shall be extended for an equivalent period.

Appears in 3 contracts

Samples: Option Agreement (Diversa Corp), Option Agreement (Diversa Corp), License Agreement (Access Pharmaceuticals Inc)

AutoNDA by SimpleDocs

Event of Force Majeure. In the event that performance under this LicenseOPTION, or any obligation hereunder, is hindered, delayed or prevented by reason of acts of God, strikes, lockouts, labor troubles, intervention of any governmental authority, fire, riots, insurrections, invasions, war or other reason of similar nature beyond the reasonable control of the Party and are without its fault or negligence, then performance of that act shall be excused for the period of the delay and the period for the performance of that act shall be extended for an equivalent period.

Appears in 2 contracts

Samples: Option Agreement (Diversa Corp), Option Agreement (Diversa Corp)

AutoNDA by SimpleDocs

Event of Force Majeure. In the event that performance under this LLC License, or any obligation hereunder, is hindered, delayed or prevented by reason of acts of God, strikes, lockouts, labor troubles, intervention of any governmental authority, fire, riots, insurrections, invasions, war or other reason of similar nature beyond the reasonable control of the Party and are without its fault or negligence, then performance of that act shall be excused for the period of the delay and the period for the performance of that act shall be extended for an equivalent period.

Appears in 1 contract

Samples: License Agreement (Diversa Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!