Common use of RISK OF LOSS OR DAMAGE TO EQUIPMENT Clause in Contracts

RISK OF LOSS OR DAMAGE TO EQUIPMENT. While in transit, Vendor shall assume and bear the entire risk of loss and damage to the equipment from any cause whatsoever. If, during the period the equipment is in Customer’s possession, due to gross negligence of the customer, the equipment is lost or damaged, then, the customer shall bear the cost of replacing or repairing said equipment.

Appears in 11 contracts

Samples: Rental Agreement, Rental Agreement, Rental Agreement

AutoNDA by SimpleDocs

RISK OF LOSS OR DAMAGE TO EQUIPMENT. While in transit, Vendor shall assume and bear the entire risk of loss and damage to the equipment from any cause whatsoever. If, during the period the equipment is in Customer’s possession, due to gross negligence of the customer, the equipment is lost or damaged, then, the customer shall bear the cost of replacing or repairing said equipment. Otherwise, the vendor is responsible for replacing or repairing the equipment during the term of this agreement.

Appears in 3 contracts

Samples: srm.magic.ms.gov, images.pcmac.org, www.hinds.k12.ms.us

RISK OF LOSS OR DAMAGE TO EQUIPMENT. While in transit, Vendor shall assume and bear the entire risk of loss and damage to the equipment from any cause whatsoever. If, during the period the equipment is in Customerthe District’s possession, due to gross negligence of the customerDistrict, the equipment is lost or damaged, then, the customer District shall bear the cost of replacing or repairing said equipment. Otherwise, the vendor is responsible for replacing or repairing the equipment during the term of this Agreement.

Appears in 1 contract

Samples: Invitation for Bids

RISK OF LOSS OR DAMAGE TO EQUIPMENT. While in transit, Vendor shall assume and bear the entire risk of loss and damage to the equipment from any cause whatsoever. If, during the period the equipment is in Customer’s =s possession, due to gross negligence of the customer, the equipment is lost or damaged, then, the customer shall bear the cost of replacing or repairing said equipment.

Appears in 1 contract

Samples: Rental Agreement

AutoNDA by SimpleDocs

RISK OF LOSS OR DAMAGE TO EQUIPMENT. While in transit, Vendor shall assume and bear the entire risk of loss and damage to the equipment from any cause whatsoever. If, during the period the equipment is in Customerthe Client’s possession, due to gross negligence of the customerClient, the equipment is lost or damaged, then, the customer Client shall bear the cost of replacing or repairing said equipment. Otherwise, the vendor is responsible for replacing or repairing the equipment during the term of this Agreement.

Appears in 1 contract

Samples: core-docs.s3.amazonaws.com

Time is Money Join Law Insider Premium to draft better contracts faster.