Common use of Duration of a force majeure event Clause in Contracts

Duration of a force majeure event. If a force majeure event prevents a party from fulfilling this Agreement’s obligations for a period of 01 (one) year, the other party shall reserve the right to unilaterally terminate the Agreement after 60 (sixty) days from the date of written notification unless such obligations are to be performed within these 60 (sixty) days. All parties will meet and make reasonable efforts to work out and reach agreement on appropriate solutions to the force majeure event, which is based on negotiations and a spirit of goodwill.

Appears in 2 contracts

Samples: Standardized Power Purchase Agreement, Standardized Power Purchase Agreement

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Duration of a force majeure event. If a force majeure event prevents a party from fulfilling this Agreement’s obligations for a period of 01 (one) year, the other party shall reserve the right rights to unilaterally terminate the Agreement after 60 (sixty) days from the date of written notification unless such obligations are to be performed within these 60 (sixty) days. All parties will meet ; and make reasonable efforts provided that the Purchaser does not choose to work out and reach agreement on appropriate solutions to terminate the Agreement under force majeure eventevents as stipulated in paragraphs b and dd, which is based on negotiations and a spirit Clause 1 of goodwillthis Article.

Appears in 2 contracts

Samples: Standardized Power Purchase Agreement, Standardized Power Purchase Agreement

Duration of a force majeure event. If a force majeure event prevents a party from fulfilling this Agreement’s obligations for a period of 01 (one) year, the other party shall reserve the right rights to unilaterally terminate the Agreement after 60 (sixty) days from the date of written notification notification, unless such obligations are to be performed within these 60 (sixty) days. All parties will meet and make reasonable efforts to work out and reach agreement on appropriate solutions to the force majeure event, which is based on negotiations and a spirit of goodwill.

Appears in 2 contracts

Samples: Standardized Power Purchase Agreement, Standardized Power Purchase Agreement

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Duration of a force majeure event. If a force majeure event prevents a party from fulfilling this Agreement’s obligations for a period of 01 (one) year, the other party shall reserve the right rights to unilaterally terminate the Agreement after 60 (sixty) days from the date of written notification unless such obligations are to be performed within these 60 (sixty) days. All parties will meet and make reasonable efforts to work out and reach agreement on appropriate solutions to the force majeure event, which is based on negotiations and a spirit of goodwill.

Appears in 1 contract

Samples: Standardized Power Purchase Agreement

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