Force Majeure Deductible Sample Clauses

Force Majeure Deductible. Notwithstanding anything herein to the contrary, Contractor shall only be entitled to an adjustment of the Contract Price in connection with a Force Majeure Event in the event and solely to the extent that Contractor incurs demonstrated actual and reasonable costs of more than [***] U.S. Dollars ($[***]) resulting from all Force Majeure events in the aggregate (the “Force Majeure Deductible”) (after which, for avoidance of doubt, all documented actual and reasonable costs incurred by Contractor from subsequent Force Majeure events will be compensated without the need to meet any monetary threshold for the particular event), Contractor hereby agreeing to absorb such Force Majeure Deductible, provided that no such costs under this Section 7.5 shall include costs for loss or damage to the Work for which Contractor has risk of loss and for which it has received (or is entitled to receive) proceeds of insurance.