Damage/Loss Sample Clauses
The Damage/Loss clause defines the responsibilities and procedures related to any damage to or loss of property, goods, or materials covered by the agreement. Typically, it outlines which party bears the risk if items are damaged or lost during the course of the contract, and may specify requirements for notification, repair, replacement, or compensation. This clause is essential for allocating risk between the parties and ensuring there is a clear process for addressing incidents of damage or loss, thereby minimizing disputes and uncertainty.
Damage/Loss. Neither the Company nor any of its subsidiaries has experienced any damage, destruction or loss, whether or not covered by insurance, that would materially and adversely affect the assets, properties, financial condition, operating results, prospects or business of the Company (as such business is presently conducted and as it is proposed to be conducted).
Damage/Loss. 8.1. In the event of any damage to the Rented Object, the Tenant will be obliged to compensate the Host for this damage at the Host’s first request.
8.2. If, at the end of the agreement, the Tenant fails to deliver the Rented Object to the Host vacant and clean, the Tenant will pay the cleaning costs to the Host at the Host’s first request.
Damage/Loss i. If any damage to the materials is noticed in transit (enroute), the transporter shall intimate the BHEL booking agency within 24 hours of damage, with photographs. OR During delivery of consignment to Consignee, if any remark is made by the Consignee with respect to damage or loss i.e. total or partial, the Transporter after delivery of the consignment shall inform the BHEL booking agency within 24 hours of delivery, with photographs and acknowledged LR copy.
ii. On receipt of this information, BHEL (end user) will recommend BHEL Finance to lodge insurance intimation within 72 hours of damage / loss.
iii. The Transporter should submit the Copy of LR with COF (Certificate of Facts) to the Consignor. On the basis of these documents BHEL will lodge insurance claim. The transporter has to provide services to facilitate for insurance survey after delivery of material to site or loss of materials. For damaged materials returned to BHEL, BHEL will arrange to facilitate for survey.
iv. However, for consignment value below ₹20,000/-, recovery will be made in full from the contractor. For consignment value above ₹20,000/-, the differential cost between the cost incurred by BHEL and proceeds of insurance claim is liable to be recovered from the contractor.
v. For the cases where minimum claim amount is restricted by the underwriter or by BHEL and it is established that transporter is not at fault, deductions shall not be made from the transporter. However, in such cases transporter has to certify / prove that no transhipment is done.
Damage/Loss. If prior to the Closing Date, all or any part of the Property is substantially damaged by fire casualty, the elements or any other cause, Seller shall promptly give notice to Buyer of such fact either Buyer or Seller shall have the option (to be exercised within fifteen (15) days after Seller’s notice) to terminate this Agreement. For purposes of this Section, the words “substantially damaged” mean damage that would cost One Hundred Thousand and 00/100 Dollars ($100,000.00) or more to repair or which permits any of the principal tenants of the Property to avoid or cancel their lease.
Damage/Loss. Parties to the agreement shall be liable for any costs relating to loss and damage as follows:
Damage/Loss. Since the end of the most recent accounting period for which an SEC Report has been filed, neither the Company nor any of its subsidiaries has experienced any damage, destruction or loss, whether or not covered by insurance, that would reasonably be expected to have a Material Adverse Effect.
Damage/Loss. In the event any Products or any part thereof is lost, stolen, damaged, or destroyed (excluding a total loss of an Aircraft) while in the custody of JetBlue, LiveTV shall repair or replace, whichever Agreement between JetBlue and LiveTV 29 December 17, 2001 is less costly, the lost, stolen, damaged or destroyed Product. JetBlue shall then pay LiveTV, within sixty (60) days, for the repair or replacement charges, unless the loss, theft, damage or destruction is due to the negligence of LiveTV, to normal wear and tear or to passenger damage.
Damage/Loss. I agree to report theft, loss, or damage to the laptop to the school office immediately and to the police in the case of theft, and that the district will disable the device from further use.
Damage/Loss. Injury- All reasonable precautions against damage, loss or injury by fire, water, storm, or strikes will be provided. The Cuyahoga County Agricultural Society DOES NOT insure nor does it assume any liability for the safety or property from theft, damage or vandalism. Each vendor shall secure all valuable materials or merchandise during the Flea Market hours of operation and then remove all materials by 3pm daily. The CCAS’s insurance policy does not cover liabilities of vendors/exhibitors.
Damage/Loss. By signing this agreement I agree to take full responsibility for the loan equipment issued to the pupil / family and I have read or heard this agreement read aloud and understand the conditions of the agreement. I understand that I and the pupil / family are responsible for the equipment at all times whether on the school’s property or not. If the equipment is damaged, lost or stolen, I will immediately inform ▇▇▇▇▇▇▇▇ School Office (01954 267272, ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇▇▇.▇▇▇.▇▇), and I acknowledge that I am responsible for the reasonable costs requested by the school to repair or replace the equipment. If the equipment is stolen, I will also immediately inform the police. I agree to keep the equipment in good condition and to return it to the school on their demand in the same condition. I will not leave the equipment unsupervised in unsecured areas. I will make sure my child(▇▇▇) takes the following measures to protect the device: Keep the device in a secure place when not in use Don’t leave the device in a car or on show at home Don’t eat or drink around the device Don’t lend the device to siblings who are not pupils at Elsworth School or friends Don’t leave the equipment unsupervised in unsecured areas