Replacement Fees Clause Samples

The Replacement Fees clause establishes the obligation for a party to pay specified charges if an item, equipment, or property provided under the agreement is lost, damaged beyond repair, or otherwise requires replacement. Typically, this clause outlines the method for calculating the replacement cost, such as referencing the item's current market value or a predetermined fee schedule, and may specify the timeframe for payment. Its core practical function is to ensure that the party responsible for the loss or damage compensates the owner, thereby allocating the financial risk associated with replacing valuable assets.
Replacement Fees. The borrower is responsible for costs associated with damage, loss, or non-return of the laptop and charging cord. The borrower will be billed for the replacement fee of the laptop or charging cord. Accounts billed for a laptop that have not been returned may be submitted for collections and the account charged an additional $15.00 non-negotiable collection fee.
Replacement Fees. An item will be replaced if it cannot be repaired, is reported lost, or has not been returned 1 month after its due date. In the instance of overdue items, Science House staff will notify a patron 3 times via email; the third email will be cc’d to the principal. If the item is not returned within that time, the item will be classified as lost.
Replacement Fees. If a hotspot is not returned after fourteen (14) days from the original due date, the hotspot will be considered lost. Once the item is considered lost, the library card holder will be billed for the device and components as follows:
Replacement Fees. The borrower is responsible for costs associated with damage, loss or non-return of the Chromebook/iPad and charging cord.
Replacement Fees. The borrower is responsible for costs associated with damage, loss, or non-return of the hotspot and charging cord. The borrower will be billed for the replacement fee of the hotspot or charging cord. Accounts billed for a hotspot that have not been returned may be submitted for collections and the account charged an additional $15.00 non-negotiable collection fee. Hotspot : $90 Hotspot Charger: $20 • THIS IS NOT YOUR PERSONAL HOTSPOT. Please avoid entering personal identifying information (such as your SSN) and other sensitive personal and financial information (such as your credit card or personal health information) while using the hotspot. Any data you enter while using the hotspot may be accessed by City staff or a third-party after you return the hotspot to the Library. By using the hotspot, you agree to not hold the City and its employees responsible for any damages or harm caused to you by the release of any data you entered while using the hotspot. • THE CITY WILL COMPLY WITH ALL LAWFUL REQUESTS TO ACCESS THE DATA ON THE HOTSPOT. The City will comply with all lawful orders to access the data on the hotspot (such as a subpoena, search warrant).
Replacement Fees. Note by signing this agreement you agree to return the calculator to the Tutoring Center by the end of the semester or you will be responsible for the cost of the calculator ($149.00) a bill will be submitted to the business office and a Student Affairs hold will be placed on your student account till the bill is paid!
Replacement Fees. The borrower is responsible for costs associated with the damage, loss, or non-return of the hotspot and charging cord. The borrower will be billed for the replacement fee of the hotspot or charging cord. Hotspot: $90 Hotspot Charger: $20 • THIS IS NOT YOUR PERSONAL HOTSPOT. Please avoid entering personal identifying information (such as your SSN) and other sensitive personal and financial information (such as your credit card or personal health information) while using the hotspot. Any data you enter while using the hotspot may be accessed by City staff or a third-party after you return the hotspot to the Library. By using the hotspot, you agree to not hold the City and its employees responsible for any damages or harm caused to you by the release of any data you entered while using the hotspot. • THE CITY WILL COMPLY WITH ALL LAWFUL REQUESTS TO ACCESS THE DATA ON THE HOTSPOT. The City will comply with all lawful orders to access the data on the hotspots (such as a subpoena or search warrant).
Replacement Fees. If a replacement key is issued and the original is found within 3 business days, the user may return the replacement key and receive a refund. No refunds will be granted after this date.