LOSCAM definition
Examples of LOSCAM in a sentence
If the amount of the Credit is not fully utilised after being applied over the three month period (or any longer period which LOSCAM in its sole discretion considers appropriate), the Credit will be forfeited.
LOSCAM may assign its rights under this agreement by written notice to the Hirer.
The Hirer must notify LOSCAM of any overpayment made by or adjustment, credit or refund due to the Hirer within six months from the date of the relevant invoice.
LOSCAM shall not be liable to make payment to, or allow any set off against, amounts owing to LOSCAM in respect of Credit balances, or offset against any LOSCAM accounts that the invoice amount was not originally reversed on.
Any legislation that adversely affects an obligation of the Hirer, or the exercise by LOSCAM of a right or remedy, under or relating to this agreement is excluded to the full extent permitted by law.
If there is an Event of Default, LOSCAM may terminate this agreement immediately by written notice to the Hirer.
The Hirer acknowledges that the terms and conditions on which LOSCAM hires Equipment to the Hirer (including details of daily hire and compensation rates) is confidential information belonging to LOSCAM and accordingly agrees to keep the terms of this agreement, including any rate schedule, confidential and shall not disclose or make available to any third party a copy of this agreement any account application form or any rate schedule.
If any obligation of LOSCAM under this agreement is affected by Force Majeure, LOSCAM will promptly notify the Hirer of the nature and extent of the circumstances of the Force Majeure.
Notwithstanding any other provision of this agreement, LOSCAM will not be in breach or otherwise be liable for any delay in the performance or the non- performance of its obligations under this agreement to the extent that the delay or non-performance is due to any Force Majeure of which LOSCAM has notified the Hirer.
The Hirer releases and indemnifies LOSCAM, its officers, employees and agents to the fullest extent permitted by law from all actions, claims and demands of every kind arising out of the use or condition of any Equipment or Software including any which may arise directly or indirectly out of any Loss to property or death of or injury to any person of whatever nature or kind.