Common use of Unavoidable Delay - Force Majeure Clause in Contracts

Unavoidable Delay - Force Majeure. If either Party shall be delayed or prevented from the performance of any act required by this Lease by reasons of strikes, lockout, labor troubles, inability to procure materials, restrictive governmental laws or regulations or other cause, without fault and beyond the reasonable control of the Party obligated (financial inability excepted), performance of such act shall be excused for the period of the delay; and the period for the performance of any such act shall be extended for a period equivalent to the period of such delay; provided, however, nothing in this section shall excuse Lessee from the prompt payment of rental or other charges required of Lessee, except as may be expressly provided elsewhere in this Lease.