Common use of Obligations of Affected Party Clause in Contracts

Obligations of Affected Party. A Party which fails to fulfil its obligations because of an Event of Force Majeure shall use commercially reasonable efforts to minimize or eliminate the Event of Force Majeure but shall not be required to settle a strike, lockout, work slowdown, work stoppage, or other labour dispute, and shall otherwise fulfil its obligations at a time to be agreed upon by the Parties that will be as soon as is reasonably possible after the elimination of the Event of Force Majeure.

Appears in 7 contracts

Samples: Agreement (Uranium Resources Inc /De/), Uranium Resources Inc /De/, Uranium Resources Inc /De/

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.