RISK OF LOSS OR DAMAGE. The Lessee assumes all risks of loss or damage to the equipment from any cause, and agrees to return it to the Lessor in the condition received from the Lessor, with the exception of normal wear and tear. SIGNATORIES: FTLL Representative Signature with Date: Parent/Guardian Signature with Date:
RISK OF LOSS OR DAMAGE. The Lessee assumes all risks of loss or damage to the equipment from any cause, and agrees to return it to the Lessor in the condition received from the Lessor, with the exception of normal wear and tear.
RISK OF LOSS OR DAMAGE. With respect to the Aircraft and its equipment, the insurance policy obtained in connection herewith shall be in the joint names of Lessor and Lessee and shall insure the Aircraft and its equipment against all risk of loss or damage or not less than the full market value thereof, and the premiums therefor shall be paid by Lessee unless otherwise provided herein. With respect to all other equipment, Lessee shall keep the equipment insured against all risk of loss or damage from every cause whatever for not less than the full replacement value thereof, except that in the case of oil or gas equipment, the insurance, at the election of Lessor, need not include fire and extended coverage on equipment situated beneath the ground. Any such insurance shall be in form and amount with companies approved by Lessor and shall, at the election of Lessor, either be in the joint names of Lessor and Lessee or be for the beneficial interest of Lessor, and Lessee shall pay the premiums therefor and at the request of Lessor deliver said policies or duplicates thereof to Lessor. The proceeds of any such insurance at the option of Lessor, shall be applied (i) toward the replacement, restoration, or repair of the Aircraft and its equipment or (ii) toward payment of the obligations of Lessee hereunder.
Examples of RISK OF LOSS OR DAMAGE in a sentence
These shall contain such details which will enable the SWRC to operate, maintain, adjust and repair all parts of the works as stated in the specifications.
IF BIDDER DOES NOT PROMPTLY COMPLY WITH THE TERM OF SUCH INSTRUCTION, OR IN AN EMERGENCY WHERE DELAY WOULD CAUSE SERIOUS RISK OF LOSS OR DAMAGE, OWNER MAY HAVE THE DEFECTIVE WORK CORRECTED OR THE REJECTED WORK REMOVED AND REPLACED, AND ALL DIRECT AND INDIRECT COSTS OF SUCH REMOVAL AND REPLACEMENT, INCLUDING COMPENSATION FOR ADDITIONAL PROFESSIONAL SERVICES, SHALL BE PAID BY BIDDER.
THE WINNERS SHALL BEAR ALL RISK OF LOSS OR DAMAGE TO THEIR PRIZE AFTER THEY HAVE BEEN DELIVERED.
THIS INSURANCE SHALL BE IN A FORM ACCEPTABLE TO THE LESSOR AND SHALL INSURE THE FULL VALUE OF THE EQUIPMENT AGAINST THE RISK OF LOSS OR DAMAGE.
IF CONTRACTOR DOES NOT PROMPTLY COMPLY WITH THE TERM OF SUCH INSTRUCTION, OR IN AN EMERGENCY WHERE DELAY WOULD CAUSE SERIOUS RISK OF LOSS OR DAMAGE, OWNER MAY HAVE THE DEFECTIVE WORK CORRECTED OR THE REJECTED WORK REMOVED AND REPLACED, AND ALL DIRECT AND INDIRECT COSTS OF SUCH REMOVAL AND REPLACEMENT, INCLUDING COMPENSATION FOR ADDITIONAL PROFESSIONAL SERVICES, SHALL BE PAID BY CONTRACTOR.
More Definitions of RISK OF LOSS OR DAMAGE
RISK OF LOSS OR DAMAGE. Lessee assumes all risks of loss or damage that may occur to the Craft arising from any cause whatsoever, and agrees to return the Craft in the exact condition it was when taken from Lessor, with the exception of normal wear and tear. Lessee agrees to return the Craft on or before the expiration of the Rental Period in the same condition it was at the beginning of the Rental Period If the Craft is damaged or lost, Lessor shall have the option of requiring the Lessee to assume all costs for the repair of the accessory equipment or the Craft, as the case may be, or to replace the Craft or equipment with a similar craft or equipment in a similar working condition. LESSOR: ODYSSEA WATERSPORTS INC, LESSEE agrees to use the Craft in conformity with Lessor directives, written and verbal, and not to use, nor permit the use:
RISK OF LOSS OR DAMAGE. The Lessee assumes all risk of loss or damage to the craft from any cause and agrees to return the craft in the condition received from the Lessor, with the exception of normal wear and tear. The Lessee certifies that he/she has examined the craft and finds it acceptable and suitable for the purpose for which it is rented. The Lessee agrees to return this craft on or before the expiration of the rental period in the new condition it is in now EXCEPT AS FOLLOWS: If the craft is damaged or lost, the Lessor shall have the option of requiring the Lessee to repair the equipment to a state of good and working order or replace the craft with a like craft in good repair. Xxxxxx agrees not to use, nor permit use: of the rental craft for any unlawful purpose; of the rental craft in a careless or negligent manner; of the rental craft while under the influence of liquor and or narcotics; by any other person not the signatory of this agreement, or not equally qualified. Xxxxxx acknowledges his/her responsibility for the safe and proper operation of the craft; and for the safety and welfare of other craft operators and persons. IT IS AGREED AND UNDERSTOOD BY THE LESSEE that LESSOR shall not be held liable for damages, inconvenience or time lost caused by accident, breakdown or malfunction of the craft. XXXXXX FURTHER AGREES to defend, indemnify and hold harmless the LESSOR from and against any and all claims for loss of/or damage to property or injury to persons (including death) resulting through the use, operation or possession of the craft. XXXXXX further agrees to hold the LESSOR harmless should loss or damages occur to any of the LESSEE’S personal property while carried in or on the craft, including loss or damage caused by fire, water, theft or any other cause whatsoever. XXXXXX expressly agrees to defend, indemnify and hold LESSOR harmless of, from, and against any and all loss, costs, damages, attorney fees and/or liability in connection with the enforcing of the foregoing rental contract by XXXXXX, including expenses incurred in collection or attempting to collect delinquent rent and in the event of a suit by XXXXXX to recover possession of the craft and/or to enforce any of the terms, conditions and/or provisions hereof. It is understood and agreed that Venue of any action arising hereunder shall be in Garrett County, Maryland. In the event of malfunction, breakdown, or if any defect is discovered after acceptance of the craft that LESSEE will immediately repo...
RISK OF LOSS OR DAMAGE. The Renter assumes all risks of loss or damage to the stand(s) from any cause, and agrees to return the stand(s) to the Guild in the condition received, with the exception of normal wear and tear.
RISK OF LOSS OR DAMAGE. The Lessee assumes all risks of loss or damage to the craft from any cause, and agrees to return the craft in the condition received from the Lessor, with the exception of normal wear and tear. The Lessee certifies that he/she has exam- ined the craft and finds it acceptable and suitable for the purpose for which it is rented. The Lessee agrees to return this craft on or before the expiration of the rental period in the new condition it is in now.
RISK OF LOSS OR DAMAGE. The Lessee assumes all risks of loss or damage to the craft from any cause, and agrees to return the craft in the condition received from the Lessor, with the exception of normal wear and tear. The Lessee certifies that he/she has examined the craft and finds it acceptable and suitable for the purpose for which it is rented. The Lessee agrees to return this craft on or before the expiration of the rental period in at the new condition it is in now EXCEPT AS FOLLOWS : If the craft is damage or lost, the Lessor shall have the option of requiring the Lessee to repair the equipment to a state of good working order, or replace the craft with a like craft in good repair. LESSEE agrees not to use, not permit the use :
RISK OF LOSS OR DAMAGE. Lessee assumes all risks of loss or damage that may occur to the Craft arising from any cause whatsoever, and agrees to return the Craft in the exact condition it was when taken from Lessor, with the exception of normal wear and tear. Lessee agrees to return the Craft on or before the expiration of the Rental Period in the same condition it was at the beginning of the Rental Period EXCEPT AS FOLLOWS:
RISK OF LOSS OR DAMAGE. Lessee assumes all risks of any and all loss, injury or damage that may occur to the Vehicle or to Lessee’s person or to any other persons or property arising from any cause whatsoever during the Rental Period or in any way relating to or arising out of the Lessee’s use, operation, possession or maintenance of the Vehicle. Xxxxxx agrees to return the Vehicle in the exact condition it was when taken from Lessor, with the exception of normal wear and tear. Xxxxxx agrees to return the Vehicle on or before the expiration of the Rental Period in the same condition it was at the beginning of the Rental Period. Lessee shall be responsible for any and all damages to the Vehicle during the Rental Period or in any way caused by the Lessee’s operation, possession, maintenance or use of the Vehicle, including but not limited to all costs of repairing the Vehicle. If the Vehicle is damaged, Lessor shall have the option of requiring the Lessee to assume all costs for the proper repair of the Vehicle as determined by an authorized independent repair shop. In the event the Vehicle is deemed not repairable by an authorized independent dealer mechanic or a complete loss, the Lessee shall be obligated to make Lessor "whole", which shall include, but not be limited to: (a) the payment of the replacement costs for a new or replacement Vehicle, (b) the payment of Michigan sales tax on a new or replacement Vehicle, and (c) the payment of the daily rental rate as advertised for the Vehicle for 7 days a week until the Vehicle is replaced or repaired.