Firm (No Force Majeure) definition

Firm (No Force Majeure) means, with respect to a Transaction, that if either Party fails to perform its obligation to sell and deliver or purchase and receive the Product, the Party to which performance is owed shall be entitled to receive from the Party which failed to perform an amount determined pursuant to Article Five. Force Majeure shall not excuse performance of a Firm (No Force Majeure) Transaction.
Sample 1Sample 2Sample 3
Firm (No Force Majeure) means, with respect to a Transaction, that if either Party fails to perform its obligation to sell and deliver or purchase and receive the Product, the Party to which performance is owed shall be entitled to receive from the Party which failed to perform an
Sample 1Sample 2Sample 3
Firm (No Force Majeure) means, with respect to a Transaction, that if either Party fails to perform its obligation to sell and deliver or purchase and receive the Product, the Party to Original Sheet No. 44 which performance is owed shall be entitled to receive from the Party which failed to perform an amount determined pursuant to Article Four. Force Majeure shall not excuse performance of a Firm (No Force Majeure) Transaction.
Sample 1

Examples of Firm (No Force Majeure) in a sentence

  • The Master Agreement includes six precisely drafted common product definitions in Schedule P: (1) the Non-Firm product; (2) the Unit Firm product; (3) the System Firm product; (4) the Firm (LD) product; (5) the Into [the Receiving Transmission Provider], Seller's Daily Choice product (the "Into" product); and (6) the Firm (No Force Majeure) product.

  • Clauses (b) and (c) of this Power Annex are amended as specified in Paragraph 2 of that certain “Amendment relating to the Scheduling of Firm (LD) and Firm (No Force Majeure) Transactions in ERCOT’s Texas Nodal Market”, Version 2.0, as published by Edison Electric Institute effective November 19, 2010.

Related to Firm (No Force Majeure)

  • Force Majeure means an event beyond the control of the supplier and not involving the supplier’s fault or negligence and not foreseeable. Such events may include, but is not restricted to, acts of the purchaser in its sovereign capacity, wars or revolutions, fires, floods, epidemics, quarantine restrictions and freight embargoes.

  • Force Majeure Event means an event, or a series of related events, that is outside the reasonable control of the party affected (including failures of the internet or any public telecommunications network, hacker attacks, denial of service attacks, virus or other malicious software attacks or infections, power failures, industrial disputes affecting any third party, changes to the law, disasters, explosions, fires, floods, riots, terrorist attacks and wars);

  • Force Majeure Events means acts of war, domestic and/or international terrorism, civil riots or rebellions, quarantines, embargoes and other similar unusual governmental actions, extraordinary elements of nature or acts of God.

  • Event of Force Majeure means one of the following events: