Common use of Termination due to Force Majeure Clause in Contracts

Termination due to Force Majeure. If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, termination of this Agreement shall be caused solely at the discretion of SECI. In such an event, this Agreement shall terminate on the date of such Termination Notice as issued by SECI without any further liability to either Party from the date of such termination.

Appears in 8 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Termination due to Force Majeure. If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, termination of this Agreement shall be caused solely at the discretion of SECI after obtaining consent of Buying Entity and there shall not be any liability (to SECI/Buying Entity) arising out of such termination. In such an event, this Agreement shall terminate on the date of such Termination Notice as issued by SECI without any further liability to either Party from the date of such termination.

Appears in 7 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Termination due to Force Majeure. If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, termination of this Agreement shall be caused solely at the discretion of SECI and there shall not be any liability (to SECI) arising out of such termination. In such an event, this Agreement shall terminate on the date of such Termination Notice as issued by SECI without any further liability to either Party from the date of such termination.

Appears in 5 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Termination due to Force Majeure. 3.3.1 If the Force Majeure Event or its effects continue to be present beyond the a period as specified in Article 4.5.3, 4.5.2 of the GAPA; termination of this Agreement the GAPA shall be caused solely at the discretion of SECISECI and there shall not be any liability (to SECI or Procurer) arising out of such termination. In such an event, this Agreement shall terminate on the date of such Termination Notice as issued by SECI without any further liability to either Party from the date of such termination.

Appears in 1 contract

Samples: Green Ammonia Sale Agreement

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Termination due to Force Majeure. If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.34.5.2, termination of this Agreement shall be caused solely at the discretion of SECI and there shall not be any liability (to SECI) arising out of such termination. In such an event, this Agreement shall terminate on the date of such Termination Notice as issued by SECI without any further liability to either Party from the date of such termination.

Appears in 1 contract

Samples: Green Ammonia Purchase Agreement

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