Common use of Paragraph 3rd Clause in Contracts

Paragraph 3rd. The Concessionaire will be entitled to the recomposition of its initial situation of encumbrances and retributions when circumstances of force majeure or calamities affect significantly the exploration of the service, always abiding, as a parameter, by the reflection of these situations on the service providers in the private regimen.

Appears in 8 contracts

Samples: Grant Contract (Telefonica Brasil S.A.), Grant Contract (Telefonica Brasil S.A.), Grant Contract (Telesp Holding Co)

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