IMPOSSIBILITY OR IMPRACTICABILITY Sample Clauses
The "Impossibility or Impracticability" clause defines the circumstances under which a party is excused from performing contractual obligations due to events that make performance impossible or unreasonably difficult. Typically, this clause applies when unforeseen events—such as natural disasters, government actions, or other extraordinary occurrences—prevent one or both parties from fulfilling their duties under the contract. Its core function is to allocate risk and provide a fair resolution when performance becomes unfeasible, protecting parties from liability in situations beyond their control.
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IMPOSSIBILITY OR IMPRACTICABILITY. If for any reason whatsoever it becomes impossible or impracticable to carry out any or all of the provisions of this deed or any other Transaction Document, the Note Trustee shall not be under any liability nor shall it incur any liability by reason of any error of law or any matter or thing done or suffered or omitted to be done in good faith by it or its officers, employees, agents or delegates except to the extent of its own fraud, negligence or wilful default.
IMPOSSIBILITY OR IMPRACTICABILITY. If for any reason whatsoever it becomes impossible or impracticable for the Note Trustee to carry out any or all of the provisions of this deed or any other Transaction Document, the Note Trustee shall not be under any liability and, except to the extent of its own fraud, negligence or wilful default, nor shall it incur any liability by reason of any error of law or any matter or thing done or suffered or omitted to be done in good faith by it or its officers, employees, agents or delegates. -------------------------------------------------------------------------------- Page 50 + Note Trust Deed Allens Arthur Robins▇▇ --------------------------------------------------------------------------------
IMPOSSIBILITY OR IMPRACTICABILITY. If for any other reason it becomes impossible or impracticable for it to carry out any or all of the provisions of this deed or any other Transaction Document, the Security Trustee shall not be under any liability and, except to the extent of its own fraud, negligence or breach of trust, nor shall it incur any liability by reason of any error of law or any matter or thing done or suffered or omitted to be done in good faith by it or its officers, employees, agents or delegates.