Examples of Product Loss in a sentence
Owner may, in lieu of payment for Product Loss, replace such Product with Product of like grade and quality and reasonably acceptable to Customer.
The fair market value of the Product is computed from the average low posted price of the products for the closest geographical area for the point of delivery as reported in Xxxxx’x Oilgram Price Service for the twelve months preceding the date on which the Product Loss took place.
The Owner’s commercial general liability insurance shall include coverage for Product Loss for Product in the care, custody and control of Owner and shall cover “sudden and accidental pollution” events.
Notwithstanding anything in the foregoing to the contrary, from and after the fourth anniversary of the Effective Time, Customer shall only bear Storage Variations pursuant to this Section 7.3 up to the Product Loss Allowance, and Provider shall bear all Storage Variations in excess of the Product Loss Allowance.
Shipper’s Product Loss or Damage from Force Majeure: Carrier shall not bear any risk for, or be liable for any damage, contamination, degradation, or loss of Shipper’s Product resulting from an event of Force Majeure.