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Force Majeure Clause In Loan Agreement

Other definitions may generally be broad and provide for permanent definitions that include the general spirit that a party is not responsible for events beyond its control and that contain linen lists of objects that would be covered but are not exclusive. If the definition of pandemics, etc., such as COVID-19, does not clearly cover, it is necessary to carry out an analysis to determine whether COVID-19 or any of the potential outcomes of COVID-19 could fall within the definition of force majeure. Examples may be, depending on the explicit language of the definition, elements such as « national emergencies », « material bottlenecks », « financial market interruptions », « national or international transport disruptions », « state prohibitions or regulations » or similar terms. . . .

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