Common use of Long Term Force Majeure Clause in Contracts

Long Term Force Majeure. On the assumption that a Case of Force Majeure were to prevent one of the Parties from performing all or part of its obligations under the Contract for a period in excess of thirty (30) days, the Parties will meet one another in order to examine the adaptations to be made to their respective obligations under the Contract to take account of this new situation. If the prevention is definitive, the TSO and the Shipper may then terminate the Contract and each party will thus be released from its obligations.

Appears in 4 contracts

Samples: Transmission Contract, Transmission Contract, assets.ctfassets.net

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