N-8NSPML (NSEB) RIR 1 to 44 - Redacted
4 passages
8.1 Force Majeure If by reason of an event of Force Majeure a Party is not reasonably able to fulfil an obligation, other than an obligation to pay or spend money, in accordance with the terms of this Agreement, then such Party shall: - (a...
AI summary The section outlines the obligations of a party experiencing a Force Majeure event, including notification requirements, relief from obligations, efforts to mitigate consequences, and exemption from liability for damages caused by such events.
ion in the performance of any obligation (other than the obligation to pay monies due) imposed on such Party hereunder. Provided that the foregoing conditions are met, " Force Majeure " may include: - (a) an act of God, hurricane or simila...
AI summary The document defines 'Force Majeure' as events beyond a party's control that may excuse performance of obligations, including natural disasters, wars, strikes, and regulatory issues affecting energy systems.
8.1 Force Majeure If by reason of an event of Force Majeure, a Party is not reasonably able to fulfill an obligation, other than an obligation to pay or spend money, in accordance with the terms of this Agreement, then such Party shall: -...
AI summary Section 8.1 outlines the obligations of a Party when a Force Majeure event prevents them from fulfilling non-monetary obligations under the Agreement. The affected Party must notify the other Party, take reasonable steps to mitigate the impact, and resume fulfilling obligations once the Force Majeure ceases. They are not liable for any resulting losses.
8.2 Force Majeure of less than 24 Hours Duration Notwithstanding Sections 8.1(a) and 15.1 , Notices given in respect of events of Force Majeure that are reasonably anticipated by the Party with notification responsibility to be of a durati...
AI summary Section 8.2 outlines procedures for notifying Force Majeure events lasting less than 24 hours. Parties must provide contact information to each other before the In-Service Date and update it as needed under Section 15.1.