Common use of Release from Delivery and Acceptance Obligations Clause in Contracts

Release from Delivery and Acceptance Obligations. If a Party is fully or partly prevented due to Force Majeure from performing its obligations of Delivery or acceptance under one or more Individual Contracts and such Party complies with the requirements of § 6.3 (Notification and Mitigation of Force Majeure), no breach or default on the part of the Claiming Party shall be deemed to have occurred and it shall be released (and not merely suspended) from those obligations for the period of time and to the extent that such Force Majeure prevents its performance. No obligation to pay damages pursuant to § 7 (Remedies for Failure to Deliver and Accept) will accrue to the Claiming Party with respect to those quantities not Delivered or accepted.

Appears in 4 contracts

Samples: Certificate Master Agreement, Certificate Master Agreement, Certificate Master Agreement

AutoNDA by SimpleDocs

Release from Delivery and Acceptance Obligations. If a Party is fully or partly prevented due to Force Majeure from performing its obligations of Delivery delivery or acceptance under one or more Individual Contracts and such Party complies with the requirements of § 6.3 point 7.3 (Notification and Mitigation of Force Majeure), no breach or default on the part of the Claiming Party shall be deemed to have occurred and it shall be released (and not merely suspended) from those obligations for the period of time and to the extent that such Force Majeure prevents its performance. No obligation to pay damages pursuant to § 7 point 8 (Remedies for Failure to Deliver and Accept) will accrue to the Claiming Party with respect to those quantities not Delivered delivered or acceptedreceived.

Appears in 3 contracts

Samples: Electricity Supply Contract, Electricity Supply Agreement, Electricity Supply Agreement

AutoNDA by SimpleDocs

Release from Delivery and Acceptance Obligations. If a Party is fully or partly prevented due to Force Majeure from performing its obligations of Delivery delivery or acceptance under one or more Individual Contracts and such Party complies with the requirements of § 6.3 7.3 (Notification and Mitigation of Force Majeure), no breach or default on the part of the Claiming Party shall be deemed to have occurred and it shall be released (and not merely suspended) from those obligations for the period of time and to the extent that such Force Majeure prevents its performance. No obligation to pay damages pursuant to § 7 8 (Remedies for Failure to Deliver and Accept) will accrue to the Claiming Party with respect to those quantities not Delivered delivered or acceptedreceived.

Appears in 2 contracts

Samples: General Agreement, General Agreement

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