Force Majeure definition
Examples of Force Majeure in a sentence
Should termination pursuant to this Section 9(b) occur, Host shall be under no obligation to provide compensation to Client for any mining losses incurred that are caused by such a Force Majeure Event.
Upon the occurrence of a Force Majeure Event, as defined in Section 9(b), or other event proximately caused by third-parties that causes damage to the Facilities and/or the contents housed therein, Host shall attempt to recoup any and all losses through insurance claims, if applicable; provided, however, that the insurance coverage carried by the Host is primarily for the exterior building structures situated upon the Facilities’ premises and not for the Client’s content inside such structures.
In all cases, despite anything else in this Agreement, if Force Majeure delays or prevents a party from wholly or partly performing its obligations under this Agreement, it will be relieved of those obligations to the extent, and for the period, that it is affected by such Force Majeure, provided that it: (a) notifies the other party as soon as practicable, and (b) uses commercially reasonable efforts to mitigate the Force Majeure.
In the event of a Force Majeure Event, as hereafter defined, Client or Host shall be permitted to terminate this Agreement, without penalty to the terminating Party by providing the opposite Party a Notice of Termination in accordance with Section 9(f).
Except for the case of Force Majeure or if the Parties agree otherwise on the delivery time, if the delivery of the Products is not within the time limit specified in the Purchase Orders and is entirely due to VinES’ fault, VinFast has the right to impose on VinES a fine equivalent to [***]% of the total value of late delivered Products for each week of late delivery.