Examples of Event of Force Majeure in a sentence
For the avoidance of doubt, the Licensee shall not be relieved of its obligation to continue to pay the License Fee in case an Event of Force Majeure is affecting the Licensee; subject always to the second paragraph of Clause 7.1.
If and to the extent an Event of Force Majeure occurs, Licensor shall respectively be released from its obligations under this Agreement for the respective Event, in particular Licensor shall be entitled to refuse delivery of the International Feed to Licensee completely or in part and in such case the License Fee shall be reduced and refunded on a pro rata basis unless the Event is being replayed in the schedule as agreed by Licensee.
If the System fails to generate at least ninety-five percent (95%) of the Estimated Annual Production for a full Term Year (such amount, the “Minimum Guaranteed Output”), other than as a result of the acts or omissions of Purchaser or the Local Electric Utility (including a Disruption Period), or an Event of Force Majeure, Provider shall credit Purchaser an amount equal to Purchaser’s Lost Savings on the next invoice or invoices during the following Term Year.
If the Event of Force Majeure continues for more than thirty (30) days, either party may terminate the Agreement by giving written notice to other.
The party subject to an Event of Force Majeure shall notify the other party in writing when such event causes any such delay or failure.