Damage Mitigation Sample Clauses
The Damage Mitigation clause requires parties to take reasonable steps to minimize or prevent further losses after a damaging event occurs. In practice, this means that if one party suffers harm due to a breach or other incident, they must act promptly to reduce the extent of the damage, such as by seeking alternative suppliers or repairing affected property. This clause ensures that losses are not unnecessarily increased and allocates responsibility by preventing a party from recovering damages that could have been avoided through reasonable efforts.
Damage Mitigation. In the event of an emergency or threat to safety or security, The Owner authorizes CM but does not obligate CM to attempt appropriate measures to mitigate damages to The Vessel, The Slip, other Equipment, and CM’s property and environs. The Owner agrees to pay CM its reasonable charges for mitigation attempts.
Damage Mitigation. In the event of an emergency or threat to safety or security, OWNER authorizes CSC but does not obligate CSC to attempt appropriate measures to mitigate damages to the VESSEL, other VESSELS, and CSC property and environs and OWNER agrees to pay CSC its reasonable charges for mitigation attempts.
Damage Mitigation. In the event of an emergency or threat to safety or security, OWNER authorized Eagle Storage Center but does not obligate Eagle Storage Center, LLC to attempt appropriate measure to mitigate damages to the personal property, other boats, and Eagle Storage Center, LLC’ property and environs and OWNER agrees to pay Eagle Storage Center, LLC its reasonable charges for mitigation attempts.
Damage Mitigation. If a third party notifies either party that the Technology, processes, specifications, or formula of a Party infringes or violates the rights of such third party, then the Parties will cooperate to assure that their actions will respect properly asserted third party Intellectual Property Rights and address such allegations of infringement or other claims in a reasonable manner.
Damage Mitigation. The Seller acknowledges and agrees to be obliged to exert all reasonable efforts to mitigate the damage accruing from any damaging event affecting this Agreement, such as, without being limited to, the Power Plant, the construction material thereof, and/or the Company.
Damage Mitigation. If any condition arises with respect to the Site Equipment that threatens to materially damage property or injure persons, Customer shall, subject to the Customer Default provisions in Section C, take all reasonable measures to mitigate such risks and stop such dangerous condition from causing damage to property or persons. Customer shall notify BASC immediately upon taking any such measures, and BASC shall repair the Site Equipment in accordance with Section A.
Damage Mitigation. In the event of an emergency or threat to safety or security, Owner authorizes ▇▇▇▇▇▇ but does not obligate ▇▇▇▇▇▇ to attempt appropriate measures to mitigate damages to the Boat, other boats, and Marina’ property and environs and Owner agrees to pay ▇▇▇▇▇▇ its reasonable charges for mitigation attempts.
Damage Mitigation. In the event of an emergency or threat to safety or security, OWNER authorized N3 BOATWORKS but does not obligate N3 BOATWORKS to attempt appropriate measure to mitigate damages to the BOAT, other boats, and N3 BOATWORKS’ property and environs and OWNER agrees to pay N3 BOATWORKS its reasonable charges for mitigation attempts.