Loss or Damage to Equipment. The Customer shall accept complete responsibility for any loss of or damage to the Equipment whilst in the Customer’s possession or control. The Customer must undertake to arrange at its own expense comprehensive insurance cover against loss of or damage to the Equipment to the value stated on the invoice or contract. The Customer shall notify Radiocoms in writing immediately of any loss of or damage to the Equipment and shall on demand reimburse Radiocoms the full retail cost of replacing or repairing the Equipment. Upon completion of a hire agreement, Radiocoms will raise an invoice both for items damaged and those not returned. The unreturned items will remain on hire until the invoice for replacement equipment is settled in full. Radiocoms will accept equipment returned up to 60 days after the original off-hire date and a full credit given for the equipment’s replacement cost.
Loss or Damage to Equipment. (a) If the Equipment is lost, breaks down or is damaged, the Hirer must immediately notify the Owner in writing of the details. Notification shall not absolve the Hirer from its obligations under this agreement to safeguard the Equipment.
Loss or Damage to Equipment. The Lessee shall indemnify and hold harmless the Lessor against all loss and damage to the Equipment during the rental period and the appraisal for any such loss or damage shall be based upon the replacement cost of the Equipment without deduction or depreciation. The Lessee shall be liable for all resulting loss or damage to the Equipment and expense of the Lessor to the extent that it: a) results from the gross negligence of the Lessee which included, but is not limited to, the use or operation of the equipment in a reckless or abusive manner or, intentional damage to the Equipment by the Lessee or by the Lessee’s permission or, b) occurs under either of the following circumstances: i) All loss or damage associated with vandalism, malicious mischief, theft or conversion of the equipment; and/or ii) All loss or damage associated with Equipment being overloaded, operated above rated capacity or if operating instructions are not followed.
Loss or Damage to Equipment. Lessee assumes the entire risk of loss of or damage to the Equipment from any cause whatsoever. No loss or damage to the Equipment or any part thereof shall affect or impair the obligations of Lessee hereunder which shall continue in full force and effect.
Loss or Damage to Equipment. 29:01 Employees shall not be required to contribute financially to offset any claim of loss or damage to equipment.
Loss or Damage to Equipment. Once you have taken delivery of the Equipment, You are responsible for all loss, damage or destruction of the Equipment, including but not limited risk/loss to Element Camera’s premises, to losses while in transit, while loading and unloading, while at any and all named and unnamed locations, while in storage and while on your premises, except as follows: • You shall not be responsible for damage to or loss of the Equipment caused by our sole negligence or willful misconduct;
Loss or Damage to Equipment. You shall not, under any circumstances, operate the Equipment in a reckless, abusive or careless manner, including improper loading or excessive loading or other operation or use which may or does cause damage or extraordinary wear and tear to the Equipment. You further agree not to make any alterations, additions, replacements or improvements to the Equipment or Facilities that will detract from its economic value or functional utility without our written consent. You are responsible for loss, damage or destruction of the Equipment or Facilities during the Term, including, but not limited to, losses while in transit, while loading and unloading, while at any and all locations, while in storage or on your or our premises, and all towing costs and mechanical repairs, except that you are not responsible for damage to or loss of the Equipment caused solely by our negligence or willful misconduct. Quixote reserves the right to charge for loss of use and you shall fully compensate us for the loss of use of the Equipment or Facility during the time it is being repaired or replaced, as applicable. You shall promptly notify us of the location of the Equipment upon our request.
Loss or Damage to Equipment. Once you have taken delivery of the Equipment, you are responsible for all loss, damage or destruction of the Equipment, including but not limited risk/loss at Monsoon Production Services premises, to losses while in transit, while loading and unloading, while at any and all named and unnamed locations, while in storage and while on your premises, except as follows:
Loss or Damage to Equipment. You are responsible for loss, damage or destruction of the Equipment, including but not limited to losses while in transit, while loading and unloading, while at any and all locations, while in storage and while on your premises, except that (i) you shall not be responsible for damage to or loss of the Equipment caused by our negligence or willful misconduct; and (ii) you shall not be responsible for damage or loss resulting from inherent vice, normal wear and tear, latent defect or breakdown due to failure on our part to perform normal, routine or scheduled maintenance.
Loss or Damage to Equipment. Until the Equipment is returned to and received by Lessor as provided in SECTION 11 above, Lessee shall bear the entire risk of any Event of Loss. No Event of Loss shall relieve Lessee from its obligation to pay Rent, except as provided in (c) below. If any Event of Loss occurs, Lessee shall immediately notify Lessor and, at the option of Lessor, shall (a) place the affected Equipment in good repair and working order, (b) replace such Equipment with like Equipment in good repair and working order, with clear title to the replacement Equipment vested in Lessor, or (c) promptly pay to Lessor an amount equal to the sum of (i) all accrued and unpaid rent, (ii) the present value discounted at five percent (5%) of all remaining Rental Payments, (iii) the Lessor's original booked residual value, if any, of the Equipment, discounted in accordance with GAAP at the discount rate of five percent (5%), and (iv) any taxes, late fees, indemnity payments or other amounts due under this Master Lease or the applicable Lease Schedule. If such Equipment is subject to a fixed purchase option, the amount payable under SECTION 13(c) above shall be the amount required to exercise such option. Upon payment of the amount required by SECTION 13(c), Lessor shall transfer to Lessee, WITHOUT RECOURSE OR WARRANTY (EXPRESS OR IMPLIED), ALL OF LESSOR'S INTEREST, IF ANY, IN AND TO SUCH EQUIPMENT ON AN "AS IS," "WHERE IS" BASIS. The proceeds of any insurance payable with respect to such Equipment shall be applied, at the option of Lessor, either toward (1) replacement or repair of such Equipment, or (2) payment of any of Lessee's obligations hereunder. Lessee hereby appoints Lessor as Lessee's attorney-in-fact to make claim for, receive payment of, and execute and endorse all documents, checks or drafts issued with respect to, any Event of Loss under any insurance policy relating to the applicable Equipment.
