CONDONATION OF DELAY Clause Samples
The Condonation of Delay clause allows a party to excuse or overlook a delay in performing an obligation under a contract, typically at the discretion of the other party or a relevant authority. In practice, this means that if a deadline is missed, the affected party can request that the delay be condoned, often by providing a valid reason or justification for the lateness. This clause is essential for providing flexibility in contractual relationships, as it helps prevent automatic penalties or termination due to minor or justified delays, thereby promoting fairness and accommodating unforeseen circumstances.
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CONDONATION OF DELAY. The Company may condone delay in claim intimation/ document submission on merit, where it is proved that delay in reporting of claim or submission of claim documents, is due to reasons beyond the control of the Insured. Notwithstanding the above, delay in claim intimation or submission of claim documents due to reasons beyond the control of the Insured shall not be condoned where such claims would have otherwise been rejected even if reported in time.
CONDONATION OF DELAY. The Company may condone delay in claim intimation/ document submission on merit, where it is proved that delay in reporting of claim or submission of claim documents, is due to reasons beyond the control of the Insured. Notwithstanding the above, delay in claim intimation or submission of claim documents due to reasons beyond the control of the Insured shall not be condoned where such claims would have otherwise been rejected even if reported in time. This Policy includes, within the Sum Insured, expenses incurred in the removal from the insured location of debris of insured property directly destroyed or damaged by an Insured Event. The cost of removal of debris shall not be considered in determination of the valuation of the property insured.
CONDONATION OF DELAY. The Insurer may condone delay in claim intimation/ document submission on merit, where it is proved that delay in reporting of claim or submission of claim documents, is due to reasons beyond the control of the Insured. Notwithstanding the above, delay in claim intimation or submission of claim documents due to reasons beyond the control of the Insured shall not be condoned where such claims would have otherwise been rejected even if reported in time.