Force Majeure. 14.1. A party's obligations in terms of these Credit Terms shall be suspended for such period during which that party is prevented from complying with its obligations due to Force Majeure, provided such party: (a) has notified the other party of the existence of such Force Majeure, (b) does everything in its/his/her power to comply with the Loan Agreement; and (c) fulfils its obligations once the Force Majeure event has ceased to exist, within the time specified by the other party. 14.2. For the avoidance of doubt, Force Majeure shall only suspend a party’s obligation in so far as it is impossible for such party to perform the same and shall in no case excuse such party from the obligation to perform other obligations in terms of the Loan Agreement.
Appears in 6 contracts
Sources: Kreditbedingungen, Kreditbedingungen, Kreditbedingungen
Force Majeure. 14.115.1. A party's The obligations in terms of either party under these Credit Terms shall be suspended for such period during which as that party is prevented from complying with its obligations due to Force Majeure, provided such that the party: (a) has notified the other party of the existence of such Force MajeureMajeure event, (b) does everything in its/his/her power is making every effort to comply with perform its obligations under the Loan Agreementagreement; and (c) fulfils performs its obligations once the Force Majeure event has ceased to exist, within the time specified by the other party.
14.215.2. For the avoidance of doubt, Force Majeure shall only suspend the obligation of a party’s obligation in so far as Party only to the extent that it is impossible for such party to perform them. In no way does it release the same and shall in no case excuse such party from the obligation to perform fulfil other obligations in terms of under the Loan Agreementcontract.
Appears in 3 contracts
Sources: Kreditvertrag, Kreditvertrag, Kreditvertrag
Force Majeure. 14.115.1. A party's obligations in terms of these Credit Terms shall be suspended for such period during which that party is prevented from complying with its obligations due to Force Majeure, provided such party: (a) has notified the other party of the existence of such Force Majeure, (b) does everything in its/his/her power to comply with the Loan Agreement; and (c) fulfils its obligations once the Force Majeure event has ceased to exist, within the time specified by the other party.
14.215.2. For the avoidance of doubt, Force Majeure shall only suspend a party’s obligation in so far as it is impossible for such party to perform the same and shall in no case excuse such party from the obligation to perform other obligations in terms of the Loan Agreement.
Appears in 3 contracts
Sources: Kreditbedingungen, Kreditbedingungen, Kreditbedingungen
Force Majeure. 14.131.1. A party's obligations in terms of these Credit Terms shall be suspended for such period during which that party is prevented from complying with its obligations due to Force Majeure, provided such party: (a) has notified the other party of the existence of such Force Majeure, (b) does everything in its/his/her power to comply with the Loan Agreement; and (c) fulfils its obligations once the Force Majeure event has ceased to exist, within the time specified by the other party.
14.231.2. For the avoidance of doubt, Force Majeure shall only suspend a party’s obligation in so far as it is impossible for such party to perform the same and shall in no case excuse such party from the obligation to perform other obligations in terms of the Loan Agreement.
Appears in 2 contracts
Sources: Kreditvertrag, Kreditvertrag