Common use of FORCE MAJEURE AND THE ACT OF GOD Clause in Contracts

FORCE MAJEURE AND THE ACT OF GOD. 61.1. As regards any payment obligation resulting on his charge or related to the Contractual Documentation, the Client will be exonerated from the contractual liability only if he is in an objective impossibility to execute that payment obligation as a result of a force majeure event or of an act of god which causes the interruption of the system of intra- and inter-banking payments. This exoneration of contractual liability is applied only for the period the interruption of inter-banking payments system is not remedied.