Damage of Property Clause Samples

The "Damage of Property" clause defines the responsibilities and procedures if property covered by the agreement is damaged during the contract term. Typically, it outlines who is liable for repairs or replacement, the process for reporting and assessing damage, and any limitations on liability or exclusions. For example, it may specify that the party in possession of the property must promptly notify the owner of any damage and arrange for repairs at their own expense, unless the damage was caused by events outside their control. This clause serves to allocate risk and ensure both parties understand their obligations, thereby reducing disputes and providing a clear process for handling property damage.
Damage of Property. Clients must immediately report any pre-existing damage in your room (or other property such as transportation vehicle) to accommodation staff and/or an ▇▇▇▇▇▇▇ Tour Manager. If you damage the accommodation in which you are staying or any property, you must reimburse the accommodation/service provider or property owner concerned for the cost of the damage before the end of your stay if the cost has been established by then or as soon as it has been established if later. The Company (ET) is not responsible for any costs incurred concerning a guest removed from a trip or aircraft, ship or train.
Damage of Property. Delegates and exhibitors are liable for any damage caused to the premises (building, floors, walls, booth equipment or other exhibitors’ property). Exhibitors may not apply paint, lacquer, adhesive or any other coating to building columns and floors, or to standard booth equipment. All materials, equipment’s, coverage used for building, decorating or covering the booth must be in accordance with the building safety regulations and non- inflammable.
Damage of Property. As the Tenant acknowledges that it is required to carry insurance as called for in paragraph 3k or elsewhere in this lease, the Landlord shall not be liable or responsible in any way for any loss of or damage or injury to any property belonging to the Tenant or to employees of the Tenant or to any other person while such property is on the Leased Premises or in the building or in or on the surrounding lands and buildings owned by the Landlord whether or not such property has been entrusted to employees of the Landlord and without limiting the generality of the foregoing, the Landlord shall not be liable for any damage to any such property caused by steam, water, rain or snow which may leak into, issue or flow from any part of the building or from the water, steam or drainage pipes or plumbing works of the building or from any other place or quarter or from any damage caused by or attributable to the condition or arrangement of any electric or other wiring or for any damage caused by anything done or omitted by any other tenant.
Damage of Property. Job Fair Exhibitors are liable for any damage caused to building floors, wall, or columns, or to standard booth equipment, or to other exhibitor’s property. Job Fair Exhibitor may not apply paint, lacquer, adhesive, or any other coating to building columns and floors or to standard booth equipment.
Damage of Property. Students shall not cause or attempt to cause damage of school property whether intentional or not. Students must pay for any damages they cause to school equipment, materials, or facilities and may be subject to additional disciplinary action. THERE ARE NO EXCEPTIONS.
Damage of Property. In the event the Franchisee damages property of any of the customers or the City itself while engaged in the performance of this Agreement, it will fully compensate said customer(s) for such damage or damages or restore said damaged property to its original condition.

Related to Damage of Property

  • Loss of Property all or a substantial part of the business or assets of any Security Party is destroyed, abandoned, seized, appropriated or forfeited for any reason, and such occurrence in the reasonable opinion of the Agent (acting on the instructions of the Majority Lenders) has or could reasonably be expected to have a Material Adverse Effect; or

  • Lease of Property Landlord, for and in consideration of the covenants and agreements herein contained on the part of Tenant to be paid, kept, observed, and performed, hereby leases to Tenant, and Tenant hereby leases from Landlord for the Term (as hereinafter defined), the Property. Tenant’s use of the Property shall be in compliance with the terms of this Lease.

  • Care of Property Buyers shall take good care of the property; shall keep the buildings and other improvements now or later placed on the Real Estate in good and reasonable repair and shall not injure, destroy or remove the property during the term of this contract. Buyers shall not make any material alteration to the Real Estate without the written consent of the Sellers.

  • SALE OF PROPERTY If the Premises is sold, the Tenant is to be notified of the new Owner, and if there is a new Manager, their contact details for repairs and maintenance shall be forwarded. If the Premises is conveyed to another party, the new owner: (check one)

  • Release of Property Except as set forth in this Section 2.6, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Property.