Common use of Termination Due to Force Majeure Event Clause in Contracts

Termination Due to Force Majeure Event. If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 shall, to the extent expressly made applicable, apply.

Appears in 11 contracts

Samples: Model Concession Agreement, Escrow Agreement, Concession Agreement

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Termination Due to Force Majeure Event. If the period Period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days180 days, the Parties may mutually decide to terminate continue this Agreement or continue terminate this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement Agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days 180 days, be entitled to terminate the Agreement in which event, the provisions of Articles Article 16 and 17 shall, to the extent expressly made applicable, apply.

Appears in 4 contracts

Samples: Concession Agreement, Draft Concession Agreement, adcl.in

Termination Due to Force Majeure Event. If the period Period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) 180 Days, the Parties may mutually decide to terminate continue this Agreement or continue terminate this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement Agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days 180 Days, be entitled to terminate the Agreement in which event, the provisions of Articles Article 16 and 17 shall, to the extent expressly made applicable, apply.

Appears in 4 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Termination Due to Force Majeure Event. If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement the contract or continue this Agreement the contract on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty twenty) Days be entitled to terminate the Agreement contract in which event, the provisions of Articles Article 16 and Article 17 shall, to the extent expressly made applicable, apply.

Appears in 3 contracts

Samples: Paddy Processing Agreement, Paddy Processing Agreement, Paddy Processing Agreement

Termination Due to Force Majeure Event. If the period Period of Force Majeure continues or is in the reasonable judgment of the Parties is likely to continue beyond a period of 120 (one hundred and twenty) Daysdays, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days days, be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 Article 15 shall, to the extent expressly made applicable, apply.

Appears in 2 contracts

Samples: Draft License Agreement, Draft Concession Agreement

Termination Due to Force Majeure Event. If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue tocontinue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate toterminate this Agreement or continue this continuethis Agreement on mutually agreed revised termsmutuallyagreedrevisedterms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period saidperiod of 120 (one hundred and twenty twenty) Days be entitled to terminate the terminatethe Agreement in which event, whichevent,the provisions of Articles 16 and 17 shall, to the extent expressly made applicable, apply.

Appears in 2 contracts

Samples: Concession Agreement, Concession Agreement

Termination Due to Force Majeure Event. If the period Period of Force Majeure continues or is in the reasonable judgment of the Parties is likely to continue beyond a period of 120 (one hundred and twenty) Days180 days, the Parties may mutually decide to terminate continue this Agreement or continue terminate this Agreement on mutually agreed revised terms. If the lithe Parties are unable to reach an agreement in this regard, any of the Affected Party party shall after the expiry of the said period of 120 (one hundred and twenty ) Days 180 days, be entitled to terminate the Agreement in which event, under the provisions of Articles Article 16 and 17 shall, to the extent expressly made applicable, apply.

Appears in 2 contracts

Samples: www.tsrtc.telangana.gov.in, www.tsrtc.telangana.gov.in

Termination Due to Force Majeure Event. If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement Contract or continue this Agreement Contract on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days be entitled to terminate the Agreement Contract in which event, the provisions of Articles 16 and 17 shall, to the extent expressly made applicable, apply.

Appears in 2 contracts

Samples: Maintain and Manage Contract Agreement, Maintain and Manage Contract Agreement

Termination Due to Force Majeure Event. If the period In addition to and without limiting any other provisions of this Agreement, if a Party is prevented from performing its material obligations under this Agreement by a Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond Event for a period of 120 either (one i) three hundred and twentysixty five (365) Daysconsecutive days or more, or (ii) seven hundred and thirty (730) non-consecutive days or more (whether full or partial days), the Parties unaffected Party may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If Agreement, without liability of either Party to the Parties are unable to reach an agreement in this regardother, the Affected Party shall upon thirty (30) days written notice at any time after the expiry expiration of such periods and during the said period of 120 (one hundred and twenty ) Days be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 shall, to the extent expressly made applicable, applyForce Majeure Event.

Appears in 2 contracts

Samples: Renewable Energy Power Purchase Agreement, Renewable Energy Power Purchase Agreement

Termination Due to Force Majeure Event. If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days be entitled to terminate the Agreement in which event, the provisions of Articles 15 and 16 and 17 shall, to the extent expressly made applicable, apply.

Appears in 1 contract

Samples: Substitution Agreement

Termination Due to Force Majeure Event. (a) Termination If the period of a Force Majeure Event continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twentytwenty (120) Daysdays, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty (120) Days days, be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 shall, to the extent expressly made applicable, applythis Agreement.

Appears in 1 contract

Samples: Project Implementation Agreement

Termination Due to Force Majeure Event. If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 15 shall, to the extent expressly made applicable, apply.

Appears in 1 contract

Samples: Tripartite Agreement

Termination Due to Force Majeure Event. 18.8.1. If the period of Force Majeure continues or is in the reasonable judgment judgement of the Parties likely to continue beyond a period of 120 (( one hundred and twenty) Daysdays, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty twenty) Days days be entitled to terminate the this Agreement in which event, the subject to provisions of Articles 16 Clauses 18.9 and 17 shall, to the extent expressly made applicable, apply.18.10

Appears in 1 contract

Samples: Concession Agreement

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Termination Due to Force Majeure Event. If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty twenty) Days be entitled to terminate the Agreement in which event, the provisions of Articles 16 Article 17 and 17 Article 18 shall, to the extent expressly made applicable, apply.

Appears in 1 contract

Samples: Concession Agreement

Termination Due to Force Majeure Event. If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement Contract or continue this Agreement Contract on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty twenty) Days be entitled to terminate the Agreement Contract in which event, the provisions of Articles 16 and 17 Article 18 shall, to the extent expressly made applicable, apply.

Appears in 1 contract

Samples: M Contract

Termination Due to Force Majeure Event. If the period Period of Force Majeure continues or is in the reasonable judgment of the Parties is likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days days, be entitled to terminate the Agreement in which event, the provisions of Articles 16 Article 11 and 17 12 shall, to the extent expressly made applicable, apply.

Appears in 1 contract

Samples: License Agreement

Termination Due to Force Majeure Event. If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty twenty) Days be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 shall, to the extent expressly made applicable, apply.

Appears in 1 contract

Samples: Concession Agreement

Termination Due to Force Majeure Event. If the period Period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days180 days, the Parties may mutually decide to terminate continue this Agreement or continue terminate this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days 180 days, be entitled to terminate the Agreement in which event, the provisions of Articles Article 16 and 17 shall, to the extent expressly made applicable, apply.

Appears in 1 contract

Samples: License Agreement

Termination Due to Force Majeure Event. If the period Period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days180 days, the Parties may mutually decide to terminate continue this Agreement or continue terminate this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days 180 days, be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 Article 14 shall, to the extent expressly made applicable, apply.

Appears in 1 contract

Samples: Concession Agreement

Termination Due to Force Majeure Event. If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days be entitled to terminate the Agreement in which event, the provisions of Articles Article 15 and Article 16 and 17 shall, to the extent expressly made applicable, apply.

Appears in 1 contract

Samples: Concession Agreement

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