Loss or Damage. (a) All risk of loss, theft, damage or destruction to the Equipment or any part thereof, however incurred or occasioned, shall be borne by Lessee and, unless such occurrence constitutes an Event of Loss pursuant to paragraph (b) of this Section, Lessee shall promptly give Lessor written notice hereof and shall promptly cause the affected part or parts of the Equipment to be replaced or restored to the condition and repair required to be maintained by Section 12 hereof.
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Samples: Lease Agreement (Communication Telesystems International), Lease Agreement (Startec Global Communications Corp), Lease Agreement (Communication Telesystems International)
Loss or Damage. (a) All risk of loss, theft, damage or destruction to the Equipment equipment or any part thereof, however incurred or occasioned, shall be borne by Lessee and, unless such occurrence constitutes an Event of Loss pursuant to paragraph (b) of this Section, Lessee shall promptly give Lessor written notice hereof and shall promptly cause the affected part or parts of the Equipment equipment to be replaced or restored to the condition and repair required to be maintained by Section 12 hereof.
Appears in 4 contracts
Samples: Lease Agreement (I Link Inc), Lease Agreement (Cybersentry Inc), Lease Agreement (Eglobe Inc)
Loss or Damage. (a) All risk of loss, theft, damage or destruction to the Equipment or any part thereof, however incurred or occasioned, shall be borne by Lessee and, unless such occurrence constitutes an Event of Loss pursuant to paragraph (b) of this Section, Lessee shall promptly give Lessor written notice hereof and shall promptly cause the affected part or parts of the Equipment to be replaced or restored to the condition and repair required to be maintained by Section 12 hereof.
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Loss or Damage. (a) All risk of loss, theft, damage or destruction to the Equipment or any part thereof, however incurred or occasioned, shall be borne by Lessee and, unless such occurrence constitutes an Event of Loss pursuant to paragraph (b) of this SectionSection , Lessee shall promptly give Lessor written notice hereof and shall promptly cause the affected part or parts of the Equipment to be replaced or restored to the condition and repair required to be maintained by Section 12 hereof.
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Loss or Damage. (a) All risk of loss, theft, theft damage or destruction to the Equipment equipment or any part thereof, however incurred or occasioned, shall be borne by Lessee and, unless such occurrence constitutes an Event of Loss pursuant to paragraph (b) of this Section, Lessee shall promptly give Lessor written notice hereof and shall promptly cause the affected part or parts of the Equipment equipment to be replaced or restored to the condition and repair required to be maintained by Section 12 hereof.
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Loss or Damage. (a) All risk of loss, theft, damage or destruction to the Equipment equipment or any part thereof, however incurred or occasioned, shall be borne done by Lessee and, unless such occurrence constitutes an Event of Loss pursuant to paragraph (b) of this Section, Lessee shall promptly give Lessor written notice hereof and shall promptly cause the affected part or parts of the Equipment equipment to be replaced or restored to the condition and repair required to be maintained by Section 12 hereof.
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Loss or Damage. (a) All risk of loss, theft, damage or destruction to the Equipment equipment or any part thereof, however incurred or occasioned, shall be borne by Lessee and, unless such occurrence constitutes an Event of Loss pursuant to paragraph (b) of this SectionSection , Lessee shall promptly give Lessor written notice hereof and shall promptly cause the affected part or parts of the Equipment equipment to be replaced or restored to the condition and repair required to be maintained by Section 12 hereof.
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