Common use of Effect of Force Majeure Clause in Contracts

Effect of Force Majeure. A Party shall not be considered to be in default in the performance of its obligations to the extent that the failure or delay of its performance is due to a Force Majeure event, and the non-affected Party shall be excused from its corresponding performance obligations for the period of the affected Party’s failure or delay of performance. The burden of proof for establishing the existence and consequences of an event of Force Majeure lies with the Party initiating the claim.

Appears in 27 contracts

Samples: Guaranty Agreement, Guaranty Agreement, Long Term Resource Adequacy Agreement

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Effect of Force Majeure. A Party shall not be considered to be in default in the performance of its obligations under this Agreement to the extent that the failure or delay of its performance is due to a Force Majeure event, and the non-affected Party shall be excused from its corresponding performance obligations for the period of the affected Party’s failure or delay of performance. The burden of proof for establishing the existence and consequences of an event of Force Majeure lies with the Party initiating the claim.

Appears in 7 contracts

Samples: Distribution Services Agreement, Distribution Services Agreement, Distribution Services Agreement

Effect of Force Majeure. A Party shall not be considered to be in default in the performance of its obligations to the extent that the failure or delay of its performance is due to a Force Majeure event, and the non-affected Party shall be excused from its corresponding performance obligations (including, if and as applicable, calculation of Energy Settlement under Section 6.2 to the extent that a Force Majeure event impacts delivery of Energy) for the period of the affected Party’s failure or delay of performance. The burden of proof for establishing the existence and consequences of an event of Force Majeure lies with the Party initiating the claim.

Appears in 3 contracts

Samples: Consent and Agreement, Guaranty Agreement, Guaranty Agreement

Effect of Force Majeure. A Party shall not be considered to be in default in the performance of its obligations to the extent that the failure or delay of its performance is due to a Force Majeure eventEvent, and the non-affected Party shall be excused from its corresponding performance obligations for to the period of extent due to the affected Party’s failure or delay of performance. Notwithstanding the forgoing, a failure to make payments accrued prior to the Force Majeure Event when due shall not be excused. The burden of proof for establishing the existence and consequences of an event of a Force Majeure Event lies with the Party initiating the claim.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Own Transfer Agreement

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Effect of Force Majeure. A Party shall not be considered to be in default in the performance of its obligations under this Agreement to the extent that the failure or delay of its performance is due to a Force Majeure event, and the non-affected Party shall be excused from its corresponding performance obligations for the period of the affected Party’s failure or delay of performance. The burden of proof for establishing the existence and consequences of an event of Force Majeure lies with the Party initiating the claiminvoking Force Majeure.

Appears in 1 contract

Samples: Distribution Services Agreement

Effect of Force Majeure. A Party shall not be considered to be in default in the performance of its obligations to the extent that the failure or delay of its performance is due to a Force Majeure event, and the non-affected Party shall be excused from its corresponding performance obligations for the period of the affected Party’s failure or delay of performance. The burden of proof for establishing the existence and consequences of an event of Force Majeure lies with the Party initiating the claim.

Appears in 1 contract

Samples: Assignment and Assumption Agreement

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