Common use of Force Majeure and Notice of Delay from Force Majeure Clause in Contracts

Force Majeure and Notice of Delay from Force Majeure. Neither Party shall be liable to the other for any delay or failure to perform under this Contract if such delay or failure is neither the fault nor the negligence of the Party or its employees or agents and the delay is due directly to acts of God, wars, acts of public enemies, strikes, fires, floods, or other similar cause wholly beyond the Party’s control, or for any of the foregoing that affects subcontractors or suppliers if no alternate source of supply is available. However, in the event of delay from the foregoing causes, the Party shall take all reasonable measures to mitigate any and all resulting delay or disruption in the Party’s performance obligation under this Contract. If the delay is excusable under this paragraph, the delay will not result in any additional charge or cost under the Contract to either Party. In the case of any delay Loan Administrator believes is excusable under this paragraph, Loan Administrator shall notify DEO in writing of the delay or potential delay and describe the cause of the delay either: (1) within ten

Force Majeure and Notice of Delay from Force Majeure. Neither Party shall be liable to the other for any delay or failure to perform under this Contract Agreement if such delay or failure is neither the fault nor the negligence of the Party or its employees or agents and the delay is due directly to acts of God, wars, acts of public enemies, strikes, fires, floods, or other similar cause wholly beyond the Party’s control, or for any of the foregoing that affects subcontractors or suppliers if no alternate source of supply is available. However, in the event of delay from the foregoing causes, the Party shall take all reasonable measures to mitigate any and all resulting delay or disruption in the Party’s performance obligation under this ContractAgreement. If the delay is excusable under this paragraph, the delay will not result in any additional charge or cost under the Contract Agreement to either Party. In the case of any delay Loan Administrator Grantee believes is excusable under this paragraph, Loan Administrator Grantee shall notify DEO in writing of the delay or potential delay and describe the cause of the delay either: (1) within ten