Common use of Procedure for calling Force Majeure Clause in Contracts

Procedure for calling Force Majeure. The Affected Party shall notify to the other Party in writing of the occurrence of the Force Majeure as soon as reasonably practicable, and in any event within 5 (five) days after the Affected Party came to know or ought reasonably to have known, of its occurrence and that the Force Majeure would be likely to have a material impact on the performance of its obligations under the Agreement.

Appears in 3 contracts

Samples: Rate Contract, Rate Contract, Rate Contract

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Procedure for calling Force Majeure. The Affected Party shall notify to the other Party in writing of the occurrence of the Force Majeure as soon as reasonably practicable, and in any event within 5 05 (five) days after the Affected Party came to know or ought reasonably to have known, of its occurrence and that the Force Majeure would be likely to have a material impact on the performance of its obligations under the Agreement.

Appears in 1 contract

Samples: Rate Contract

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