Common use of Option for Sanctions Clause in Contracts

Option for Sanctions. The Contracting Party shall not terminate this Agreement and shall propose to ANP the imposition of the sanctions indicated in Section Thirty-One when: failure by the Consortium Members to comply with this Agreement is not severe or reiterated or does not show willful misconduct or fault, at the Contracting Party’s discretion, based on ANP’s opinion; or occurrence of a diligent action as to cure the default is confirmed. section THIRTY-THREE – Act of God, Force Majeure and similar causes Full or Partial Exemption The obligations undertaken in this Agreement shall only be released in the events of acts of God, force majeure, and similar causes that justify non-performance, such as administrative action or omission, factum principis, and unexpected disruptions. Exemption from the obligations shall be exclusively related to the obligations in this Agreement which performance becomes impossible due to acts of God, force majeure, or similar causes, acknowledged by the Contracting Party, based on ANP’s opinion. The Contracting Party’s decision, based on ANP’s opinion, acknowledging the occurrence of acts of God, force majeure, or similar causes shall indicate the portion of this Agreement which performance shall be dismissed or postponed. Acknowledgement of acts of God, force majeure, or similar causes does not exempt the Contractor from payment of the Government Revenue. Notification of events that may be considered an act of God, force majeure, or similar cause shall be immediate and shall specify such circumstances, its causes and consequences. Cessation of the events shall be equally notified.