Common use of Suspension of Obligations Clause in Contracts

Suspension of Obligations. If a delay or failure of a party to perform its obligations is caused or anticipated due to a Force Majeure Event, the performance of that party's obligations will be suspended provided that such delay or failure has been notified to the other party and the affected party takes all reasonable steps to minimise the disruption to and resume the performance of its affected obligations.

Appears in 17 contracts

Samples: Participation Agreement, Participation Agreement, Participation Agreement

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Suspension of Obligations. If a delay or failure of a party Party to perform its obligations is caused or anticipated due to a Force Majeure Event, the performance of that partyParty's obligations will be suspended provided that such delay or failure has been notified to the other party and the affected party takes all reasonable steps to minimise the disruption to and resume the performance of its affected obligationssuspended.

Appears in 1 contract

Samples: Agreement

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