Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 165. Corporation Commission |
Chapter 40. Standard Terms of Purchases from Purchasers of 300 KW or Less |
Subchapter 3. General Requirements and Information |
Part 3. CONTINUITY OF PURCHASES BY COOPERATIVE/UTILITY |
SECTION 165:40-3-11. Effect of force majeure
Latest version.
- (a) Neither party to a purchase agreement shall be deemed to be in default if failure of performance is due to force majeure, except for the duty to make timely payments when due. The party unable to perform due to force majeure has the duty to notify the other party in writing as soon as practical of the nature and period of delay and shall exercise due diligence to remove the inability to perform, except with respect to settling labor disputes.(b) If party's failure of performance is due to removable or remediable causes which it fails to remove or remedy with reasonable dispatch, party is not relieved of liability as a result of the force majeure event.