Common use of FORCEMAJEURE Clause in Contracts

FORCEMAJEURE. (unforeseen circumstances that prevent someone for fulfilling the contract) 8.1 121 Finance shall not be in breach of this Agreement, nor be liable for any failure or delay in the performance of any other obligations under this Agreement arising from or attributable to acts, events, omissions, accidents beyond its reasonable control, including but not limited to any of the following: a) acts of God, including but not limited to fire, flood, earthquake, windstorm or other natural disaster; b) war, threat of or preparation for war, armed conflict, imposition of sanctions, embargo, breaking off of diplomatic relations or similar actions; c) terrorist attack, civil war, civil commotions or riots; d) nuclear, chemical or biological contamination or sonic boom; e) fire, explosion or accidental damage; f) collapse of building structures, failure of plant machinery, machinery, computers or vehicles; g) interruption or failure of utility service, including but not limited to electric power, gas or water; h) any labour disputes, including but not limited to strikes, industrial action or lockouts; i) any interruption to the 121 Platform or Services outside the reasonable control of121 Finance ;and/or j) Acts of any government or authority. 8.2 In the event that any such delay or non- performance continues for a period in excess of 30 calendar days, 121 Finance shall have the right to terminate this Agreement by giving the Customer seven (7) Business Days’ notice in writing prior to such termination without affecting any rights accruing prior to such termination.

FORCEMAJEURE. (unforeseen circumstances that prevent someone some one for fulfilling the contract) 8.1 121 Business Finance shall not be in breach of this Agreement, nor be liable for any failure or delay in the performance of any other obligations under this Agreement arising from or attributable to acts, events, omissions, accidents beyond its reasonable control, including but not limited to any of the following: a) acts of God, including but not limited to fire, flood, earthquake, windstorm or other natural disaster; b) war, threat of or preparation for war, armed conflict, imposition of sanctions, embargo, breaking off of diplomatic relations or similar actions; c) terrorist attack, civil war, civil commotions or riots; d) nuclear, chemical or biological contamination or sonic boom; e) fire, explosion or accidental damage; f) collapse of building structures, failure of plant machinery, machinery, computers or vehicles; g) interruption or failure of utility service, including but not limited to electric power, gas or water; h) any labour disputes, including but not limited to strikes, industrial action or lockouts; i) any interruption to the 121 Platform or Services outside the reasonable control of121 Business Finance ;and/or j) Acts acts of any government or authority. 8.2 In the event that any such delay or non- performance continues for a period in excess of 30 calendar days, 121 Business Finance shall have the right to terminate this Agreement by giving the Customer seven (7) Business Days’ notice in writing prior to such termination without affecting any rights accruing prior to such termination.