External Event Sample Clauses
The External Event clause defines circumstances where events outside the control of the parties—such as natural disasters, government actions, or other unforeseeable incidents—may impact the performance of contractual obligations. Typically, this clause outlines what qualifies as an external event, the notification requirements, and the consequences for either party, such as suspension of duties or extensions of deadlines. Its core function is to allocate risk and provide a clear process for handling disruptions caused by extraordinary events, ensuring that neither party is unfairly penalized for circumstances beyond their control.
External Event. 13.1.1 For purposes of this Section, an “External Event” shall mean an event or series of events [***] that has or is likely to have [***]. By way of illustration and not of limitation, an External Event may include [***]. In response to [***]. The [***] shall identify [***]. As soon as practicable after receipt of such [***], but in any event [***]. Simultaneously with such receipt, [***], which notice shall set forth [***]. If, [***], the parties [***]. If there [***].
13.1.2 Each party agrees that prior to filing any lawsuit or other legal action against the other party regarding any issue or dispute arising out of or otherwise relating to this Section 13.1, the parties will submit such issue or dispute to mediation pursuant to Section 11.5 of this Agreement.
External Event. For purposes of this Section, “
External Event. 13.1.1 For purposes of this Section, an "External Event" shall mean an event or series of events [ ** ] that has or is likely to have a [ ** ]. By way of illustration and not of limitation, an External Event may include [ ** ]. In response to a [ ** ]. The [ ** ] shall identify the [ ** ]. As soon as practicable after receipt of such [ ** ], but in any event [ ** ]. Simultaneously with such receipt, [ ** ], which notice shall set forth the [ ** ]. If, [ ** ], the parties [ ** ]. If there [ ** ].
External Event. 13.1.1 For purposes of this Section 13.1, an “External Event” shall mean an event or series of events [***], that has had [***]. An External Event shall be limited to [***]. In response to an External Event, [***]. The [***] shall identify [***], all of which shall be set forth in reasonable detail. Omnicare shall have the right, by written notice given [***]. Omnicare shall [***]. As soon as practicable after receipt [***].
13.1.2 [***], prior to any Party filing a lawsuit or legal action hereunder, the matter shall be settled in accordance with the dispute resolution procedures set forth in Section 13.1.3 below.
13.1.3 Each Party agrees that prior to filing any lawsuit or other legal action against the other Party regarding such issue or dispute arising out of or otherwise relating to this Section 13.1, the Parties shall participate in an expedited, non-binding mediation conducted in accordance with the mediation rules of JAMS, Inc. (“JAMS”). A Party shall initiate such mediation by submitting a request for mediation (“Mediation Request”) to the JAMS and the other Party by hand delivery and/or facsimile. Within ten (10) days thereafter, the Parties shall agree upon a single mediator to conduct the mediation or, if they are unable to agree request the JAMS to make the appointment. The mediation shall be conducted in a location within the continental United States selected by the Party not requesting mediation and, absent a written waiver executed by both Parties, shall be completed within thirty-five (35) days after either Party first submits a Mediation Request. All mediation fees payable to the JAMS shall be shared equally between the Parties.
External Event. 4.4.1 Damage caused by any of the following sudden and unexpected events outside the insured object shall be indemnified: 1 traffic accident (for example, running off the road, collision with a moving or non-moving object); 2 natural disaster (for example lightning, storm, flood or other powerful natural event); 3 damage in the course of loading or transportation; 4 drowning or sinking into water, through ice or into the swamp (see subsection 8.6.3.1); 5 falling over or onto or other sudden and unexpected contact event outside the insured object.
4.4.2 Damage that is subject to indemnification under the Motor Third Party Liability Insurance Act or another similar act of law shall not be covered.
External Event