Common use of Where the Party claiming Force Majeure Clause in Contracts

Where the Party claiming Force Majeure. fails to notify the other Parties and provide appropriate proof as stated above, such Party shall not be exempted from the liability for its failure to perform the obligations hereunder. The affected Party shall make reasonable efforts to mitigate the consequences of such Force Majeure, and resume performance of all relevant obligations as soon as possible after the termination of such Force Majeure. The affected Party shall be liable to other Parties for its failure to resume performance of relevant obligations after the disappearance of the reason for temporary exemption of such obligations due to Force Majeure.

Appears in 3 contracts

Samples: Share Purchase Agreement (KE Holdings Inc.), Share Purchase Agreement (KE Holdings Inc.), Share Purchase Agreement (KE Holdings Inc.)

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Where the Party claiming Force Majeure. fails to notify the other Parties and provide appropriate proof as stated above, such Party shall not be exempted from the liability for its its/his failure to perform the obligations hereunder. The affected Party shall make reasonable efforts to mitigate the consequences of such Force Majeure, and resume performance of all relevant obligations as soon as possible after the termination of such Force Majeure. The affected Party shall be liable to other Parties for its its/his failure to resume performance of relevant obligations after the disappearance of the reason for temporary exemption of such obligations due to Force Majeure.

Appears in 1 contract

Samples: Share Purchase Agreement (KE Holdings Inc.)

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