Common use of Termination due to Force Majeure Clause in Contracts

Termination due to Force Majeure. If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, termination of this Agreement shall be caused solely at the discretion of SECI. In such an event, this Agreement shall terminate on the date of such Termination Notice as issued by SECI without any further liability to either Party from the date of such termination.

Appears in 6 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Termination due to Force Majeure. If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, termination of this Agreement shall be caused solely at the discretion of SECI and there shall not be any liability (to SECI) arising out of such termination. In such an event, this Agreement shall terminate on the date of such Termination Notice as issued by SECI without any further liability to either Party from the date of such termination.

Appears in 1 contract

Samples: Power Purchase Agreement

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