Extension of work program; extension of term of contract
Extension of Work Program; Extension of Term of Contract Sample Clauses
Extension of Work Program; Extension of Term of Contract. If the Contractor is unable to comply with any Work Program as a result of Act of God or Force Majeure, the Work Program shall be extended for a period not exceeding the length of such delay in performance and only to the extent the Work Program is actually affected, understanding that such extension shall not be granted unless it is requested in writing, specifying the reason for the extension request (including, to the extent possible, an explanation of how the relevant event actually prevents the Contractor from performing the Work Program), no later than five (5) Days after the Contractor becomes aware or should have become aware of the occurrence of the relevant Act of God or Force Majeure event, except as provided in Annex 13. The Party that receives notice of Act of God or Force Majeure shall inform the other Party whether or not it accepts the declaration of Act of God or Force Majeure within no more than thirty (30) Days from receipt of the notice of Act of God or Force Majeure containing complete information. Except as provided in this Contract, the Parties shall resume performance of their obligations as soon as the Act of God or Force Majeure ceases. The Exploration Periods and Appraisal Periods shall be extended pursuant to this Article 22.3 only when the relevant Act of God or Force Majeure affects the Exploration and Appraisal activities, as the case may be, for more than thirty (30) Days over such periods. The Contractor may request to CNH up to four (4) extension periods of the term of this Contract for three (3) Months each. The Contractor shall submit the corresponding extension request no later than the last Business Day of the following Quarter after one (1) Year from the notification of Act of God Force Majeure referred to in Article 22.3 or the three (3) successive Quarters, only in cases when Act of God or Force Majeure has not ceased. CNH will resolve on the extension request in a period not exceeding (15) Business Days upon receipt of the request under the terms of this Contract. In the event CNH does not issue a decision during the provided period, it will be deemed to have made in favorable decision.