Application of Force Majeure. Except with regard to a party’s duty, obligation and responsibility to make payments hereunder, if either party is rendered unable, wholly or in part, by Force Majeure to carry out its material obligations with respect hereto, which prevents or delays performance, then upon such party’s (the “Claiming Party”) giving oral or informal notice and full particulars of such Force Majeure as soon as reasonably possible after the occurrence of the cause relied upon, but in no event more than five (5) business days after such cause has commenced, such notice to be confirmed by notice to the other party, then the obligations of the Claiming Party will, to the extent they are affected by such Force Majeure, be suspended during the continuance of said inability, but for no longer period, and the Claiming Party will not be liable to the other party for, or on account of, any loss, damage, injury or expense resulting from, or arising out of such event of Force Majeure. The party receiving the confirming notice of Force Majeure has until the end of the fifteenth (15th) business day following such receipt to provide notice to the Claiming Party that it objects to or disputes the existence of an event of Force Majeure.
Appears in 5 contracts
Samples: Lease and Feedstock Supply Agreement, Lease and Feedstock Supply Agreement, Lease and Feedstock Supply Agreement
