Common use of Damage to or Destruction of Property Clause in Contracts

Damage to or Destruction of Property. Upon the delivery of any Property to Xxxxxx's installation site, Lessee shall bear the entire risk of loss, damage, theft or destruction of such Property from any and every cause whatsoever. No loss, damage, destruction, or other event shall release Lessee from the obligation to pay the full amount of Rent Payments or from any other obligation hereunder.

Appears in 3 contracts

Samples: Lease Purchase Agreement, Lease Purchase Agreement, Lease Purchase Agreement

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Damage to or Destruction of Property. Upon the delivery of any Property to XxxxxxLessee's installation site, Lessee shall bear the entire risk of loss, damage, theft or destruction of such Property from any and every cause whatsoever. No loss, damage, destruction, or other event shall release Lessee from the obligation to pay the full amount of Rent Payments or from any other obligation hereunder.

Appears in 2 contracts

Samples: Lease Purchase Agreement, Lease Purchase Agreement

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