No Liability for Force Majeure. Without limiting the generality of Section 8.3, neither Party shall be under any liability for failure to fulfill any obligation under this MSA or a Service Schedule, so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered, or delayed as a consequence of circumstances of Force Majeure; provided that (i) such Party shall have used commercially reasonable efforts to minimize to the extent practicable the effect of Force Majeure on its obligations hereunder and (ii) nothing in this Section 14.2 shall be construed to require the settlement of any strike, walkout, lockout or other labor dispute on terms which, in the reasonable judgment of the affected Party, are contrary to its interests. It is understood that the settlement of a strike, walkout, lockout or other labor dispute will be entirely within the discretion of the affected Party. The Party affected by the Force Majeure event shall notify the other Party of that fact as soon as practicable.
Appears in 3 contracts
Samples: Master Services Agreement (Citizens Financial Group Inc/Ri), Master Services Agreement (Citizens Financial Group Inc/Ri), Master Services Agreement (Citizens Financial Group Inc/Ri)
No Liability for Force Majeure. Without limiting the generality of Section 8.3, neither Party shall be under any liability for failure to fulfill any obligation under this MSA TSA or a the Service Schedule, so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered, or delayed as a consequence of circumstances of Force Majeure; provided that (i) such Party shall have used commercially reasonable efforts to minimize to the extent practicable the effect of Force Majeure on its obligations hereunder and (ii) nothing in this Section 14.2 shall be construed to require the settlement of any strike, walkout, lockout or other labor dispute on terms which, in the reasonable judgment of the affected Party, are contrary to its interests. It is understood that the settlement of a strike, walkout, lockout or other labor dispute will be entirely within the discretion of the affected Party. The Party affected by the Force Majeure event shall notify the other Party of that fact as soon as practicable.
Appears in 3 contracts
Samples: Transitional Services Agreement (Citizens Financial Group Inc/Ri), Transitional Services Agreement (Citizens Financial Group Inc/Ri), Transitional Services Agreement (Citizens Financial Group Inc/Ri)
No Liability for Force Majeure. Without limiting the generality of Section 8.3, neither Party shall be under any liability for failure to fulfill any obligation under this MSA TSA or a Service Schedule, so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered, hindered or delayed as a consequence of circumstances of Force Majeure; provided that (i) such Party shall have used commercially reasonable efforts to minimize to the extent practicable the effect of Force Majeure on its obligations hereunder and (ii) nothing in this Section 14.2 shall be construed to require the settlement of any strike, walkout, lockout or other labor dispute on terms which, in the reasonable judgment of the affected Party, are contrary to its interests. It is understood that the settlement of a strike, walkout, lockout or other labor dispute will be entirely within the discretion of the affected Party. The Party affected by the Force Majeure event shall notify the other Party of that fact as soon as practicable.
Appears in 3 contracts
Samples: Transitional Services Agreement (Citizens Financial Group Inc/Ri), Transitional Services Agreement (Citizens Financial Group Inc/Ri), Transitional Services Agreement (Citizens Financial Group Inc/Ri)