Common use of FORCE MAJOR Clause in Contracts

FORCE MAJOR. 12.1. Should any circumstances arise which prevent the complete or partial fulfillment by any of the Parties of their respective obligations under the present Contract namely; fire, acts of the elements of war, military operations of any character, blockade, prohibition of export or import or any other circumstances beyond the control of the Parties, the time stipulated for the fulfillment of the obligations shall be extended for a period equal to that during which such circumstances last. Certificates issued by the Chamber of Commerce, Republic of Moldova or USA, shall be sufficient proof of such circumstances and their duration. 12.2. If the above-stated circumstances proceed more, than 3 (three) months, each of the Parties has the right to discontinue any further fulfillment of their obligations according to the present Contract; and in such case any of the parties has not the right to require from other party compensation of the possible losses, except repayment of debts having a place up to the moment of Force-Major arising. 12.3. The Party, for which it became impossible to fulfill its obligations according to the present Contract, is obliged to advise immediately (not later than 3 days) other Party about the beginning and about the termination of events interfering fulfillment of the obligations. In case the first party no informs the second Party about arising of the Force-Major circumstances, the first Party loses the right to refer to them in connection with default of the Contract obligations. 12.4. At advance cancellation of the Contract of the Party should settle up under all obligations (including settlement of debts), arisen up to the moment of cancellation of the Contract.

Appears in 1 contract

Sources: Ip Sale and Purchase (Asconi Corp)

FORCE MAJOR. 12.18.1. Should any circumstances arise which prevent the complete or partial fulfillment by any of the Parties of their respective obligations under the present Contract namely; fire, acts of the elements of war, military operations of any character, blockade, prohibition of export or import or any other circumstances beyond the control of the Parties, the time stipulated for the fulfillment of the obligations shall be extended for a period equal to that during which such circumstances last. Certificates issued by the Chamber of Commerce, Republic of Moldova or USA, shall be sufficient proof of such circumstances and their duration. 12.28.2. If the above-stated circumstances proceed more, than 3 (three) months, each of the Parties has the right to discontinue any further fulfillment of their obligations according to the present Contract; and in such case any of the parties has not the right to require from other party compensation of the possible losses, except repayment of debts having a place up to the moment of Force-Major arising. 12.38.3. The Party, for which it became impossible to fulfill its obligations according to the present Contract, is obliged to advise immediately (not later than 3 days) other Party about the beginning and about the termination of events interfering fulfillment of the obligations. In case the first party no informs the second Party about arising of the Force-Major circumstances, the first Party loses the right to refer to them in connection with default of the Contract obligations. 12.4. At advance cancellation of the Contract of the Party should settle up under all obligations (including settlement of debts), arisen up to the moment of cancellation of the Contract.

Appears in 1 contract

Sources: Sale and Purchase Agreement (Asconi Corp)

FORCE MAJOR. 12.18.1. Should any circumstances arise which prevent the complete or partial fulfillment by any of the Parties of their respective obligations under the present Contract Contract, namely; , fire, acts of the elements of war, military operations of any character, blockade, prohibition of export or import import, or any other circumstances beyond the control of the Parties, the time stipulated for the fulfillment of the obligations shall be extended for a period equal to that during which such circumstances last. Certificates issued by the Chamber of Commerce, Republic of Moldova or USAChina, shall be sufficient proof of such circumstances and their duration. 12.28.2. If the above-stated circumstances proceed more, more than 3 (three) months, each of the Parties has the right to discontinue any further fulfillment of their obligations according to the present Contract; and in such case case, any of the parties has Parties does not have the right to require from other party Party compensation of the possible losses, except repayment of debts having a place up to the moment of Force-Major arising. 12.38.3. The Party, for which it became impossible to fulfill its obligations according to the present Contract, is obliged to advise immediately (not later than 3 days) other Party about the beginning and about the termination of events interfering with fulfillment of the obligations. In case the first party no informs Party does not inform the second Party about arising of the Force-Major circumstances, the first Party loses the right to refer to them in connection with default of the Contract obligations. 12.4. At advance cancellation of the Contract of the Party should settle up under all obligations (including settlement of debts), arisen up to the moment of cancellation of the Contract.

Appears in 1 contract

Sources: Sale and Purchase Agreement (Asconi Corp)

FORCE MAJOR. 12.16.1. Should any circumstances arise which prevent the complete or partial fulfillment by any of the Parties of their respective obligations under the present Contract Contract, namely; , fire, acts of the elements of war, military operations of any character, blockade, prohibition of export or import import, or any other circumstances beyond the control of the Parties, the time stipulated for the fulfillment of the obligations shall be extended for a period equal to that during which such circumstances last. Certificates issued by the Chamber of Commerce, Republic of Moldova or USAChina, shall be sufficient proof of such circumstances and their duration. 12.26.2. If the above-stated circumstances proceed more, more than 3 (three) months, each of the Parties has the right to discontinue any further fulfillment of their obligations according to the present Contract; and in such case case, any of the parties has Parties does not have the right to require from other party Party compensation of the possible losses, except repayment of debts having a place up to the moment of Force-Major arising. 12.36.3. The Party, for which it became impossible to fulfill its obligations according to the present Contract, is obliged to advise immediately (not later than 3 days) other Party about the beginning and about the termination of events interfering with fulfillment of the obligations. In case the first party no informs Party does not inform the second Party about arising of the Force-Major circumstances, the first Party loses the right to refer to them in connection with default of the Contract obligations. 12.4. At advance cancellation of the Contract of the Party should settle up under all obligations (including settlement of debts), arisen up to the moment of cancellation of the Contract.

Appears in 1 contract

Sources: Sale and Purchase Agreement (Asconi Corp)