Common use of Waiver of Claims and Assumption of Risks Clause in Contracts

Waiver of Claims and Assumption of Risks. Lessor and Tenant release each other from any liability for loss or damage by fire or other casualty that may be insured under a standard form of "all risk" insurance policy, whether or not the loss or damage resulted from the negligence of the other, its agents or employees. Each party will use reasonable efforts to obtain policies of insurance which provide that this release will not adversely affect the rights of the insureds under the policies. The releases in this Section will be effective whether or not the loss was actually covered by insurance. Tenant assumes all risk of loss or damage of Tenant's property within the Premises, including any loss or damage caused by sprinkler or other water leakage, fire, windstorm, explosion, theft, act of any other tenant, or other cause. Lessor will not be liable to Tenant, or its employees, for loss of or damage to any property in the Premises.

Appears in 1 contract

Samples: Lease (Health Risk Management Inc /Mn/)

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Waiver of Claims and Assumption of Risks. Lessor and Tenant release each other from any liability for loss or damage by fire or other casualty that may be insured under covetable by a standard form of "'all risk" insurance policy, whether or not the loss or damage resulted from the negligence of the other, its agents or employees. Each party will use reasonable efforts to obtain policies of insurance which provide that this release will not adversely affect the rights of the insureds under the policies. The releases in this Section will be effective whether or not the loss was actually covered by insurance. Tenant assumes all risk of loss or damage of Tenant's property within the Premises, including any loss or damage caused by sprinkler or other water leakage, fire, windstorm, explosion, theft, act of any other tenant, or other cause. Lessor will not be liable to Tenant, or its employees, for loss of or damage to any property in the Premises.

Appears in 1 contract

Samples: Lease (Diamond Brands Operating Corp)

Waiver of Claims and Assumption of Risks. Lessor and Tenant release each other from any liability for loss or damage by fire or other casualty that may be insured under coverable by a standard form of "all risk" insurance policy, whether or not the loss or damage resulted from the negligence of the other, its agents or employees. Each party will use reasonable efforts eff orts to obtain policies of insurance which provide that this release will not adversely affect the rights of the insureds under the policies. The releases in this Section will be effective whether or not the loss was actually covered by insurance. Tenant assumes all risk of loss or damage of TenantXxxx nt's property within the Premises, including any loss or damage caused by sprinkler or other water leakage, fire, windstorm, explosion, theft, act of any other tenant, or other cause. Lessor will not be liable to Tenant, or its employees, for loss of or damage to any property in the Premises.

Appears in 1 contract

Samples: Lease (Cyberoptics Corp)

Waiver of Claims and Assumption of Risks. Lessor and Tenant release each other from any liability for loss or damage by fire or other casualty that may be insured under coverable by a standard form of "all risk" insurance policy, whether or not the loss or damage resulted from the negligence of the other, its agents or employees. Each party will use reasonable efforts to obtain policies of insurance which provide that this release will not adversely affect the rights of or the insureds under the policies. The releases in this Section will be effective whether or not the loss was actually covered by insurance. Tenant assumes all risk of loss or damage of Tenant's property within the Premises, including any loss or damage caused by sprinkler or other water leakage, fire, windstorm, explosion, theft, act of any other tenant, or other cause. Lessor will not be liable to Tenant, or its employees, for loss of or damage to any property in the Premises.

Appears in 1 contract

Samples: Lease (Ringer Corp /Mn/)

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Waiver of Claims and Assumption of Risks. Lessor and Tenant release each other from any liability for loss or damage by fire or other casualty that may be insured under coverable by a standard form of "all risk" insurance policy, whether or not the loss or damage resulted from the negligence of the other, its agents or employees. Each party will use reasonable efforts to obtain policies of insurance which provide that this release will not adversely affect the rights of the insureds under the policies. The releases in this Section will be effective whether or not the loss was actually covered by insurance. Tenant assumes all risk of loss or damage of Tenant's property within the Premises, including any loss or damage caused by sprinkler or other water leakage, fire, windstorm, explosion, theft, act of any other tenant, or other cause. Lessor will not be liable to Tenant, or its employees, for loss of or damage to any property in the Premises.

Appears in 1 contract

Samples: Lease (Videolabs Inc)

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