No Loss or Gain Sample Clauses

No Loss or Gain principle, to be observed by the Consortium Members, according to which the Operator shall not earn profits nor incur losses compared to other Consortium Members when carrying out and executing Operations on behalf of the Consortium.
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No Loss or Gain. Any authorized activity under this Article shall be conducted on the basis of no loss or gain in regular daily pay as a result of such activity.

Related to No Loss or Gain

  • Damage or Loss 3.1 All laptops and batteries are covered by a manufacturer’s warranty. The warranty covers manufacturer’s defects and normal use of the laptop. It does not cover negligence, abuse, malicious or accidental damage.(e.g cracked LCD screens are not covered under warranty)

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