AvailableReliefforaForceMajeureEvent Sample Clauses
The 'Available Relief for a Force Majeure Event' clause defines the remedies and protections available to parties when unforeseen events beyond their control prevent them from fulfilling contractual obligations. Typically, this clause allows for suspension of performance, extensions of deadlines, or even termination of the contract if the force majeure event persists for a specified period. Its core function is to allocate risk and provide a clear framework for handling disruptions, ensuring that neither party is unfairly penalized for circumstances outside their control.
AvailableReliefforaForceMajeureEvent. No Party shall be in breach of its obligations pursuant to this agreement to the extent that the performance of its obligations was prevented, hindered or delayed due to a Force Majeure event. However, adjustment in tariff shall not be allowed on account of Force Majeure event. For avoidance of doubt, neither Party’s obligation to make payments of money due and payable prior to occurrence of Force Majeure events under this Agreement shall be suspended or excused due to the occurrence of a Force Majeure Event in respect of such Party.