Common use of FORCE MAJEURE (EXCUSABLE DELAY) Clause in Contracts

FORCE MAJEURE (EXCUSABLE DELAY). Any delay or failure of Company to perform its obligations hereunder will be excused to the extent that it is caused by an event or occurrence beyond Company’s control such as, by way of example and not by way of limitation, acts of God, acts by any governmental authority (whether valid or invalid), governmental laws and regulations not presently in effect, fires, floods, windstorms, explosions, riots, natural disasters, wars, sabotage, accidents, labor problems (including, without limitation, lockouts, strikes, and slowdowns) at Company's facility, its source plant or their suppliers, inability to obtain power, material, labor equipment, or transportation, or court injunction or order. The delivery date will be extended for a time equal to that of the delay and the schedule for Company’s performance will be deemed adjusted to that effect.