Common use of FORCE MAJEURE EVENTS OR ACTS OF GOD Clause in Contracts

FORCE MAJEURE EVENTS OR ACTS OF GOD. a) Either of the Parties may terminate the Contract in case of the occurrence of a force majeure event or act of God, as per Clause 10.3, and such event or its effects cannot be overcome within twelve (12) consecutive months following the start of the event. In such case, the Parties shall proceed in accordance with Clause 13.1.8. Additionally, once the Commercial Start Up has occurred, for the force majeure event or act of God to be considered grounds for the termination of the Contract, it shall entail a loss of operating capacity in excess of sixty percent (60%) of the capacity achieved at the time of occurrence of the force majeure event or act of God, except in the case of Total Destruction.

Appears in 1 contract

Samples: STS Concession Contract

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FORCE MAJEURE EVENTS OR ACTS OF GOD. a) Either of the Parties may terminate the Contract in case of the occurrence of a force majeure event or act of God, as per Clause 10.3, and such event or its effects cannot be overcome within twelve (12) consecutive months following the start of the event. In such case, the Parties shall proceed in accordance with Clause 13.1.8. Additionally, once the Commercial Start Set-Up has occurred, for the force majeure event or act of God to be considered grounds for the termination of the Contract, it shall entail a loss of operating capacity in excess of sixty percent (60%) of the capacity achieved at the time of occurrence of the force majeure event or act of God, except in the case of Total Destruction.

Appears in 1 contract

Samples: STS Concession Contract

FORCE MAJEURE EVENTS OR ACTS OF GOD. a) Either of the Parties may terminate the Contract in case of the occurrence of a force majeure event or act of God, as per Clause 10.3, and such event or its effects cannot be overcome within twelve (12) consecutive months following the start of the event. In such case, the Parties shall proceed in accordance with Clause 13.1.813. 8. Additionally, once the Commercial Start Set-Up has occurred, for the force majeure event or act of God to be considered grounds for the termination of the Contract, it shall entail a loss of operating capacity in excess of sixty percent (60%) of the capacity achieved at the time of occurrence of the force majeure event or act of God, except in the case of Total Destruction.

Appears in 1 contract

Samples: www.proyectosapp.pe

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FORCE MAJEURE EVENTS OR ACTS OF GOD. a) Either of the Parties may terminate the Contract in case of the occurrence of a force majeure event or act of God, as per Clause 10.3, and such event or its effects cannot be overcome within twelve (12) consecutive months following the start of the event. In such case, the Parties shall proceed in accordance with Clause 13.1.813.8. Additionally, once the Commercial Start Up has occurred, for the force majeure event or act of God to be considered grounds for the termination of the Contract, it shall entail a loss of operating capacity in excess of sixty percent (60%) of the capacity achieved at the time of occurrence of the force majeure event or act of God, except in the case of Total Destruction.

Appears in 1 contract

Samples: STS Concession Contract

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