Common use of Force Majeure Termination Clause in Contracts

Force Majeure Termination. If an event of Force Majeure affects deliveries by Seller or receipts by Buyer for a consecutive period of one hundred twenty (120) Days or more, then, at any time after such period has elapsed but prior to the time such event has been remedied, the Party not claiming Force Majeure may terminate this Agreement by giving thirty (30) days written notice to the other Party.

Appears in 3 contracts

Samples: Carbon Dioxide Sale and Purchase Agreement (Resolute Energy Corp), Carbon Dioxide Sale and Purchase Agreement (Resolute Energy Corp), Carbon Dioxide Sale and Purchase Agreement (Resolute Energy Partners, LP)

AutoNDA by SimpleDocs

Force Majeure Termination. If an event of Force Majeure affects deliveries by Seller or receipts by Buyer for a consecutive period of one hundred twenty twenty-four (12024) Days months or more, then, at any time after such period has elapsed but prior to the time such event has been remedied, the either Party not claiming Force Majeure may terminate this Agreement by giving thirty (30) days written notice to the other Party.

Appears in 1 contract

Samples: Carbon Dioxide Sale & Purchase Agreement (Rancher Energy Corp.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!