Common use of FORCE MAJEURE CIRCUMSTANCES Clause in Contracts

FORCE MAJEURE CIRCUMSTANCES. 11.1. To the Force Majeure Circumstances (Force majeure) of Company is hereby referring at: 11.1.1. extraordinary and unavoidable circumstances under the given conditions, incl. wars, floods, fires, earthquakes and other natural disasters, strikes, terrorist acts, mass unrest, riots, changes in the current legislation, interruptions in the operation of software, electric networks, instability of the flow of quotes and so on, which, in the Company's opinion, led or could lead to a change in market conditions in relation to financial instruments (assets) and prevent the proper performance of obligations; 11.1.2. closing of any market, on the basis of which the Company builds quotes, its liquidation or suspension of activity, the introduction of special restrictions on such a market, certain conditions, as well as the occurrence or non-occurrence of any event within such a market. 11.2. In the event that the Company has identified the incident as force majeure, it reserves the right, without prior notice to the Client: 11.2.1. suspend, amend or cancel any clause of this Agreement until it becomes possible to comply with it;

Appears in 4 contracts

Samples: Service Agreement, Service Agreement, Service Agreement

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FORCE MAJEURE CIRCUMSTANCES. 11.1. To the Force Majeure Circumstances (Force majeure) of Company is hereby referring at: 11.1.1. extraordinary and unavoidable circumstances under the given conditions, incl. wars, floodsfloods, firesfires, earthquakes and other natural disasters, strikes, terrorist acts, mass unrest, riots, changes in the current legislation, interruptions in the operation of software, electric networks, instability of the flow flow of quotes and so on, which, in the Company's opinion, led or could lead to a change in market conditions in relation to financial financial instruments (assets) and prevent the proper performance of obligations; 11.1.2. closing of any market, on the basis of which the Company builds quotes, its liquidation or suspension of activity, the introduction of special restrictions on such a market, certain conditions, as well as the occurrence or non-occurrence of any event within such a market. 11.2. In the event that the Company has identified identified the incident as force majeure, it reserves the right, without prior notice to the Client: 11.2.1. suspend, amend or cancel any clause of this Agreement until it becomes possible to comply with it;

Appears in 2 contracts

Samples: Service Agreement, Service Agreement

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