Declaration of War Sample Clauses
The Declaration of War clause defines the rights and obligations of parties in the event that war is formally declared involving one or more relevant countries. Typically, this clause may trigger the suspension or termination of contractual duties, or alter the terms of performance, if a party's country becomes engaged in a declared war. For example, an insurance policy might exclude coverage for losses resulting from acts of war, or a supply contract may allow for termination if war disrupts trade routes. The core function of this clause is to allocate risk and provide clarity on how the contract is affected by the significant and unpredictable consequences of a declared war.
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Declaration of War. The United States shall have become engaged in hostilities which have resulted in a declaration of war or a national emergency or there shall have occurred any other outbreak of hostilities or a State, national or international calamity or crisis or escalation thereof in the financial markets of the United States being such as, in the opinion of the Representative, would affect materially and adversely the ability of the Underwriters to market the Bonds;
Declaration of War. In the event of declaration of war by the United States, the provisions of this Agreement may be opened for negotiation by either of the Parties.
Declaration of War. In the event of a declaration of war by the Congress of the United States, either party may reopen this Agreement upon sixty (60) days' written notice and request renegotiation of matters dealing with wages and hours. Upon the failure of the parties to agree in such negotiations, either party shall be permitted all lawful economic legal recourses to support their request for revisions. If Governmental approval of revisions should become necessary, all parties will cooperate to the utmost to attain such approval. The parties agree that the notice provided herein shall be accepted by all parties as compliance with the notice requirements of applicable law so as to permit economic action at the expiration thereof.