Examples of Excusable Event in a sentence
Notwithstanding anything to the contrary contained herein, no Excusable Event shall relieve, suspend or otherwise excuse any Party from performing any obligation to make any payment owed to Purchaser or to indemnify, defend or hold harmless another Party pursuant to this Agreement.
Subject to the terms of this Article 10, Seller shall not be in default or in breach of its obligations under this Agreement or otherwise be liable to Purchaser for any delay or failure in the performance of any of its obligations under this Agreement if and to the extent such delay or failure is a result of an Excusable Event arising after the Signing Date.
After Seller’s compliance with Section 10.2, the Parties shall execute a Change Order to (a) adjust the Critical Path Project Schedule (other than the Guaranteed Project Substantial Completion Date), to account for material delays to the Critical Path Project Schedule resulting from the Excusable Event and/or (b) adjust the Contract Price to account for the material increase in the cost of the performance of the Work resulting from the Excusable Event.
The protections afforded under this Article 10 to Seller shall be of no greater scope and no longer duration, than is required by the Excusable Event.
The failure of Seller to comply with the notice requirements set forth in this Section 10.2 shall act as a waiver of Seller’s entitlement to a Change Order for the particular Excusable Event.