Impacted Person definition
Examples of Impacted Person in a sentence
The Impacted Person must: • try to remove, overcome or minimise the effects of Force Majeure as soon as it can; and • give the other person prompt notice, including any information required by the Regulatory Requirements.
In this Agreement, Force Majeure means, for an Impacted Person, any event or circumstance occurring after the Acceptance Date that: • is not within the reasonable control of the Impacted Person; • could not be prevented, overcome or remedied by the exercise of reasonable effort by the Impacted Person; and • results in the Impacted Person being unable to meet or perform its obligation under this Agreement.
The Impacted Person will be excused for not meeting or performing its obligations during the time and to the extent that Force Majeure prevents it from doing so (other than an obligation to pay money).
Not withstanding the paragraph above, the failure or inability of the Impacted Person to pay any amount due and payable under this Agreement does not constitute Force Majeure.