Maintenance; Risk of Loss. BORROWER shall perform and pay for all maintenance and maintain a true and accurate log of all maintenance performed on the Property as required by any (i) operating procedures, manuals, service bulletins or other instructions provided by SNAP-ON; (ii) other applicable publications; and (iii) all applicable government directives, laws, rules and regulations, if any. BORROWER is responsible for and assumes risk for all loss or damage to or caused by the Property from whatever cause, including, without limitation, any loss, accident, injury to a person or property, foreign object damage, or other event, from the point of delivery of Property to BORROWER.
Maintenance; Risk of Loss. (A) Seller will maintain the property, and any personal property specified herein, in its present condition, normal wear and tear excepted.
Maintenance; Risk of Loss. Hytera shall bear reasonably risk of loss of and damage to storage Bailed Property for. EMCORE shall, at its own expense, for the benefit of EMCORE, insure all Bailed Property with full and extended coverage for all losses, for its full replacement value, in accordance with the terms of Section 16. As and when it is commercially reasonable to do so, Hytera shall, bear the cost and expense, maintain, repair, refurbish and replace Bailed Property, unless otherwise agreed by EMCORE after good faith discussion. All replacement parts, additions, improvements, and accessories for such Bailed Property will automatically become EMCORE's property upon their incorporation into or attachment to the Bailed Property. All replacements of Bailed Property will also be EMCORE's property. Hytera shall replace any missing components of or inserts to any Bailed Property.
Maintenance; Risk of Loss. ACRO shall bear all risk of loss of and damage to Bailed Property. ACRO shall, at its own expense, for the benefit of HI-POWER, insure all Bailed Property with full and extended coverage for all losses, for its full replacement value, in accordance with the terms of Article 13. As and when it is commercially reasonable to do so, ACRO shall, at its sole cost and expense, maintain, repair, refurbish and replace Bailed Property. All replacement parts, additions, improvements, and accessories for such Bailed Property will
Maintenance; Risk of Loss. Societal CDMO shall bear risk of loss of and damage to Bailed Property. Societal CDMO shall, at its own expense, insure all Bailed Property with a special form property policy, for its replacement value, in accordance with the terms of Section 13.7. As and when it is commercially reasonable to do so, Client shall, at its sole cost and expense, maintain, repair, refurbish and replace Bailed Property. All replacement parts, additions, improvements, and accessories that are paid for by the client will be noted as Client’s property upon their incorporation into or attachment to the Bailed Property. All replacements of Bailed Property will also be Client’s property. Client shall replace any missing components of or inserts to any Bailed Property.
Maintenance; Risk of Loss. Manufacturer shall bear all risk of loss of and damage to Bailed Property. Manufacturer shall, at its own expense, for the benefit of Mirion, insure all Bailed Property with full and extended coverage for all losses, for its full replacement value, in accordance with the terms of Section 16. As and when it is commercially reasonable to do so, Manufacturer shall, at its sole cost and expense, maintain the Bailed Property. All replacement parts, additions, improvements, and accessories for such Bailed Property paid for by Mirion will automatically become Mirion's property upon their incorporation into or attachment to the Bailed Property. All Bailed Property which must be replaced at Mirion's sole cost and expense in the ordinary course due to ordinary wear and tear will also be Mirion's property. Manufacturer shall, at its sole cost and expense, replace any missing components of or inserts to any Bailed Property where such loss is due to Manufacturer's negligence.
Maintenance; Risk of Loss. Pure shall bear all risk of loss of and damage to Pure Property unless such loss or damage is due to ICC’s negligence, in which case, ICC shall bear the risk of loss and damage to Pure Property. ICC shall, at its own expense, for the benefit of Pure, insure all ICC-owned inventory. Pure shall, at its own expense, for the benefit of ICC, insure all Pure Property with full and extended coverage for all losses, for its full replacement value, in accordance with the terms of Section 16. ICC shall not attempt to disassemble, maintain, repair, refurbish or replace any Pure Property. All replacement parts, additions, improvements, and accessories for such Pure Property will automatically become Pure Property upon their incorporation into or attachment to the Pure Property. All replacements of Pure Property will also be Pure Property. Pure shall solely bear the expense for any routine maintenance to the Pure Property.
Maintenance; Risk of Loss. Seller shall bear all risk of loss of and damage to Bailed Property. Seller shall, at its own expense, for the benefit of Buyer, insure all Bailed Property with full and extended coverage for all losses, for its full replacement value, in accordance with the terms of Section 12. As and when it is commercially reasonable to do so, Seller shall, at its sole cost and expense, maintain, repair, refurbish and replace Bailed Property. All replacement parts, additions, improvements and accessories for such Bailed Property will automatically become Buyer’s property upon their incorporation into or attachment to the Bailed Property. All replacements of Bailed Property will also be Buyer’s property. Seller shall replace any missing components of or inserts to any Bailed Property.
Maintenance; Risk of Loss. Subparagraph (A) The Seller is responsible for maintaining the Property and any personal Property that is included in the sale in the same condition it is in at the time the Agreement is executed, normal wear and tear excepted. Items not working at the signing of the Agreement that are not going to be repaired or replaced by the Seller should be prominently stated by the Seller. Identifying these items prior to signing will help avoid last minute fights where the Buyer might assume an appliance had been working at the time of signing. The best place for this would be paragraph 7 or a separate addendum. Subparagraph (B) If a system or appliance included in the sale fails before settlement, the Seller has three options. First, the Seller can simply repair or replace the system or appliance with an item of comparable value. If this repair or replacement is done, the Seller is not obligated to inform the Buyer. (In essence, the Buyer is getting the same bargain as if the original system or appliance were still there and in working order.) Second, the Seller can inform the Buyer that the Seller will provide a credit for the market value of the system or appliance as permitted by the mortgage lender. Finally, the Seller can simply tell the Buyer that he will not repair, replace or provide a credit. If the Seller does not repair, replace or offer a credit, the Buyer has the option of terminating the Agreement. The Buyer must notify the Seller of the election to terminate within five days, or before settlement, whichever is sooner, otherwise the Buyer must accept the Property with the failed system or appliance.
Maintenance; Risk of Loss
