Common use of Termination by Force Majeure Clause in Contracts

Termination by Force Majeure. If a Party is prevented from carrying out the whole or a substantial part of its obligations by reason of an event of Force Majeure and such disability lasts for a continuous period of six (6) months or the Parties consider such event of Force Majeure to be of such severity and to be continuing for such a period of time that it effectively frustrates the original intention of this Sub-lease Agreement, this Sub-lease Agreement may be terminated by either Party by giving thirty (30) days' written notice to the other Party The termination of this Sub-lease Agreement shall not affect the rights and liabilities of the Parties which may have accrued as at the termination date in any manner whatsoever.

Appears in 3 contracts

Samples: Sub Lease Agreement, Sub Lease Agreement, Sub Lease Agreement

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Termination by Force Majeure. If a Party is prevented from carrying out the whole or a substantial part of its obligations by reason of an event of Force Majeure and such disability lasts for a continuous period of six (6) months or the Parties consider such event of Force Majeure to be of such severity and to be continuing for such a period of time that it effectively frustrates the original intention of this Sub-lease Agreement, this Sub-lease Agreement may be terminated by either Party by giving thirty (30) days' written notice to the other Party Party. The termination of this Sub-lease Agreement shall not affect the rights and liabilities of the Parties which may have accrued as at the termination date in any manner whatsoever.

Appears in 2 contracts

Samples: Management Agreement, Management Agreement

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