Common use of Extraordinary Event Clause in Contracts

Extraordinary Event. 1. Action shall be released from any obligation to purchase or procure any materials and/or services under the Agreement if and when an extraordinary event (including any related event or development) beyond the reasonable control of Action, whether or not foreseeable, has directly or indirectly an impact on the needs of Action (or of any of its Affiliates for which it is procuring) for the materials and/or services being the subject of the Agreement. 2. Further to article 10.1, Action and Supplier shall, each acting reasonably, discuss the resulting consequences for the Agreement and/or the Order and agree on an appropriate modification thereof.