Force Majeure Protocol Sample Clauses

Force Majeure Protocol. No default as a result of an event of Force Majeure shall occur, provided that the adversely affected non-performing Party invoking Force Majeure shall: 1. Provide prompt notice in writing to the other Party, the Energy Regulatory Commission and the Lenders of the occurrence of the Force Majeure event and the choice to invoke Force Majeure , giving an estimation of the event’s expected duration and the probable impact on the performance of the Party’s obligations hereunder, and submitting good and satisfactory evidence of the existence of the Force Majeure event; 2. Exercise all reasonable efforts to continue to perform its obligations hereunder; 3. Expeditiously take or initiate action to correct or cure the Force Majeure event and periodically submit good and satisfactory evidence that it is making all reasonable efforts to correct or cure the Force Majeure; 4. Exercise all reasonable efforts to mitigate or limit damages to the other Party to the extent such action will not adversely affect its own interest; and 5. Provide prompt notice to the other Party, the Lenders and the Energy Regulatory Commission of the cessation of the Force Majeure.