Common use of Cooperation Period Clause in Contracts

Cooperation Period. If Force Majeure occurs during the Cooperation Period, the Cooperation Period shall be extended by a period equal to that during which the effect of the Force Majeure applies Provided that (i) if such effect applies for a period in excess of one hundred and eighty (180) days, the parties hereto will meet to discuss the basis and terms upon which the arrangements set out in this Agreement may be continued and (ii) if the parties are unable to agree on such basis and terms within thirty (30) days following the expiry of such one hundred and eighty day period and such Force Majeure is mentioned in sub-paragraph (b) of Article 14.1, the provisions of Article 8.5 shall apply.

Appears in 1 contract

Sources: Energy Conversion Agreement (Southern Energy Inc)

Cooperation Period. If Force Majeure occurs applies by the occurrence of any Force Majeure mentioned in sub-paragraph (a) of Article 14.1 during the Cooperation Period, Period the Cooperation Period shall be extended by a period equal to that during which the effect of the Force Majeure applies Provided provided that (i) if such effect applies for a period in excess of one hundred and eighty (180) days, 180 days the parties hereto will meet to discuss the basis and terms upon which the arrangements set out in this Agreement may be continued and (ii) if the parties are unable to agree on such basis and terms within thirty (30) days following the expiry of such one hundred and eighty day period and such Force Majeure is mentioned in sub-paragraph (b) of Article 14.1, the provisions of Article 8.5 shall applycontinued.

Appears in 1 contract

Sources: Energy Conversion Agreement (Southern Energy Inc)