Common use of Loss; Damage Clause in Contracts

Loss; Damage. Customer assumes and shall bear the entire risk of loss, theft of, or damage to the Equipment from any cause whatsoever, effective upon delivery to Customer. No such loss, theft or damage shall relieve Customer of any obligation under this Agreement. In the event of damage to any Equipment, Customer shall immediately repair such damage at Customer's expense. If any Equipment is lost, stolen, or damaged beyond repair, Customer, at the option of CFS, will (a) replace the same with like equipment in a condition acceptable to CFS and convey clear title to such equipment to CFS (and such equipment will become “Equipment” and be subject to the terms of this Agreement), or (b) pay CFS the Remaining Lease Balance. Upon CFS’ receipt of the Remaining Lease Balance, CFS shall transfer the applicable Equipment to Customer “AS-IS, WHERE-IS” without any representation or warranty whatsoever, except for title, and this Agreement shall terminate with respect to such Equipment.

Loss; Damage. Customer assumes and shall bear the entire risk of loss, theft of, or damage to the Equipment from any cause whatsoever, effective upon delivery to Customer. No such loss, theft theft, or damage shall relieve Customer of any obligation under this Agreement. In the event of damage to any Equipment, Customer shall immediately repair such damage at Customer's expense. If any Equipment is lost, stolen, or damaged beyond repair, Customer, at the option of CFSLessor, will (a) replace the same with like equipment in a condition acceptable to CFS Lessor and convey clear title to such equipment to CFS Lessor (and such equipment will become “Equipment” and be subject to the terms of this Agreement), or (b) pay CFS Lessor the Remaining Lease Balance. Upon CFS’ ▇▇▇▇▇▇'s receipt of the Remaining Lease Balance, CFS Lessor shall transfer the applicable Equipment to Customer “AS-AS IS, WHERE-WHERE IS” without any representation or warranty whatsoever, except for title, and this Agreement shall terminate with respect to such Equipment.

Loss; Damage. Customer assumes and shall bear the entire risk of loss, theft of, or damage to the Equipment from any cause whatsoever, effective upon delivery to Customer. No such loss, theft theft, or damage shall relieve Customer of any obligation under this AgreementAgreement or any Schedule. In the event of damage to any Equipment, Customer shall immediately repair such damage at Customer's expense. If any Equipment is lost, stolen, or damaged beyond repair, Customer, at the option of CFSLessor, will (a) replace the same with like equipment in a condition acceptable to CFS Lessor and convey clear title to such equipment to CFS Lessor (and such equipment will become “Equipment” and be subject to the terms of this Agreement), or (b) pay CFS Lessor the Remaining Lease Balance. Upon CFS’ Lessor’s receipt of the Remaining Lease Balance, CFS Lessor shall transfer the applicable Equipment to Customer “AS-IS, WHERE-IS” without any representation or warranty whatsoever, except for title, and this Agreement the applicable Schedule shall terminate with respect to such Equipment.