LSC Sample Clauses
The LSC (Limitation of Seller's Liability) clause sets a cap on the amount or types of damages a seller may be held responsible for under a contract. Typically, this clause limits the seller’s liability to a specific dollar amount, the value of the contract, or excludes certain types of damages such as consequential or indirect losses. By clearly defining the extent of the seller’s financial responsibility, the LSC clause provides predictability for both parties and protects the seller from potentially unlimited liability, thereby allocating risk and encouraging fair contract performance.
LSC. It is the responsibility of LSC to obtain workers compensation coverage in compliance with applicable state law, as well as property coverage for any property utilized by LSC. Any insurance coverage obtained by LSC shall serve as primary coverage for covered persons, entities and activities. LSC shall not obtain insurance coverage which negates the insurance coverage provided by USA Swimming under Section 8(a) of this Agreement.
LSC. In accordance with Section 15 of this Agreement, the USA Swimming Board of Directors has the power to decertify LSC as an affiliate within the USA Swimming governance structure. Any such action shall be taken at the initiative of the USA Swimming President & CEO as a result of a compliance review undertaken by USA Swimming or pursuant to other information known to USA Swimming and shall be finally determined by the USA Swimming Board of Directors. If LSC is decertified, LSC shall immediately cease using any Marks, and all events and activities of LSC shall be suspended unless prior written approval of USA Swimming is obtained. LSC shall provide USA Swimming with immediate access to all books and records.
LSC. The Recipient shall: