Common use of Mitigation of Force Majeure Clause in Contracts

Mitigation of Force Majeure. The suspension of a Party’s performance under the Agreement due to a claim of Force Majeure shall be of no greater scope and of no longer duration than is required by the Force Majeure event. A Party suspending performance due to Force Majeure shall take, or cause to be taken, such action as may be necessary to void, or nullify, or otherwise to mitigate, in all material respects, the effects of such event of Force Majeure. The Parties shall take all reasonable steps to resume normal performance under this Agreement after the cessation of any Force Majeure event. If Seller cannot meet the Expected Initial Delivery Date as a result of a Force Majeure event affecting the Project declared by Seller in accordance with Article Two, then Seller shall work diligently with the Project Company to resolve the effect of the Force Majeure and provide evidence of its efforts promptly upon Xxxxx’s written request. If the Force Majeure event giving rise to the need for Notice pursuant to this Section of the Agreement is related to the existence of an epidemic or pandemic, whether directly or indirectly impacting Seller and/or any Third Parties performing any Work, including those failures caused by quarantine restrictions issued pursuant to applicable Law after the Execution Date, then Seller shall also provide to Buyer a demonstration that, because epidemics or pandemics are now reasonably foreseeable, that Seller had taken all due care to put mitigation in place to bolster against any performance failures related to an epidemic or pandemic and how, nonetheless, such failures persisted

Appears in 2 contracts

Samples: Guaranty Agreement, Guaranty Agreement

AutoNDA by SimpleDocs

Mitigation of Force Majeure. The suspension of a Party’s performance under the Agreement due to a claim of Force Majeure shall be of no greater scope and of no longer duration than is required by the Force Majeure event. A Party suspending performance due to Force Majeure shall take, or cause to be taken, such action as may be necessary to void, or nullify, or otherwise to mitigate, in all material respects, the effects of such event of Force Majeure. The Parties shall take all reasonable steps to resume normal performance under this Agreement after the cessation of any Force Majeure event. If Seller cannot meet the Expected Initial Delivery Date as a result of a Force Majeure event affecting the Project declared by Seller in accordance with Article Two, then Seller shall work diligently with the Project Company to resolve the effect of the Force Majeure and provide evidence of its efforts promptly upon Xxxxx’s written request. If the Force Majeure event giving rise to the need for Notice pursuant to this Section of the Agreement is related to the existence of an epidemic or pandemic, whether directly or indirectly impacting Seller and/or any Third Parties performing any Work, including those failures caused by quarantine restrictions issued pursuant to applicable Law after the Execution Date, then Seller shall also provide to Buyer a demonstration that, because epidemics or pandemics are now reasonably foreseeable, that Seller had taken all due care to put mitigation in place to bolster against any performance failures related to an epidemic or pandemic and how, nonetheless, such failures persisted.

Appears in 1 contract

Samples: Guaranty Agreement

Mitigation of Force Majeure. The suspension of a Party’s performance under the Agreement due to a claim of Force Majeure shall be of no greater scope and of no longer duration than is required by the Force Majeure event. A Party suspending performance due to Force Majeure shall take, or cause to be taken, such action as may be necessary to void, or nullify, or otherwise to mitigate, in all material respects, the effects of such event of Force Majeure. The Parties shall take all reasonable steps to resume normal performance under this Agreement after the cessation of any Force Majeure event. If Seller cannot meet the Expected Initial Delivery Date as a result of a Force Majeure event affecting the Project declared by Seller in accordance with Article Two, then Seller shall work diligently with the Project Company to resolve the effect of the Force Majeure and provide evidence of its efforts promptly upon XxxxxBuyer’s written request. If the Force Majeure event giving rise to the need for Notice pursuant to this Section of the Agreement is related to the existence of an epidemic or pandemic, whether directly or indirectly impacting Seller and/or any Third Parties performing any Work, including those failures caused by quarantine restrictions issued pursuant to applicable Law after the Execution Date, then Seller shall also provide to Buyer a demonstration that, because epidemics or pandemics are now reasonably foreseeable, that Seller had taken all due care to put mitigation in place to bolster against any performance failures related to an epidemic or pandemic and how, nonetheless, such failures persisted

Appears in 1 contract

Samples: Guaranty Agreement

AutoNDA by SimpleDocs

Mitigation of Force Majeure. The suspension of a Party’s performance under the Agreement due to a claim of Force Majeure shall be of no greater scope and of no longer duration than is required by the Force Majeure event. A Party suspending performance due to Force Majeure shall take, or cause to be taken, such action as may be necessary to void, or nullify, or otherwise to mitigate, in all material respects, the effects of such event of Force Majeure. The Parties shall take all reasonable steps to resume normal performance under this Agreement after the cessation of any Force Majeure event. If Seller cannot meet the Expected Initial Delivery Date as a result of a Force Majeure event affecting the Project declared by Seller in accordance with Article Two, then Seller shall work diligently with the Project Company to resolve the effect of the Force Majeure and provide evidence of its efforts promptly upon XxxxxBuyer’s written request. If the Force Majeure event giving rise to the need for Notice pursuant to this Section of the Agreement is related to the existence of an epidemic or pandemic, whether directly or indirectly impacting Seller and/or any Third Parties performing any Work, including those failures caused by quarantine restrictions issued pursuant to applicable Law after the Execution Date, then Seller shall also provide to Buyer a demonstration that, because epidemics or pandemics are now reasonably foreseeable, that Seller had taken all due care to put mitigation in place to bolster against any performance failures related to an epidemic or pandemic and how, nonetheless, such failures persisted.

Appears in 1 contract

Samples: Guaranty Agreement

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