Damage to Existing Property Sample Clauses

The 'Damage to Existing Property' clause defines the responsibilities and procedures if existing property is damaged during the course of a project or contract. Typically, it outlines who is liable for repairs or replacement, the process for reporting such damage, and any limitations or exclusions to liability. For example, if a contractor accidentally damages a client's building while performing renovations, this clause would specify whether the contractor must pay for repairs and how those repairs should be handled. Its core function is to allocate risk and clarify accountability, thereby preventing disputes over property damage that may occur during contract performance.
POPULAR SAMPLE Copied 28 times
Damage to Existing Property. The Contractor will be held responsible for any damage to existing structures, work, materials, or equipment because of his operations and shall repair or replace any damaged structures, work, materials, or equipment to the satisfaction of, and at no additional cost to, the City, unless otherwise addressed in the Contract.
View SourceView Similar (3)
Damage to Existing Property. A. Contractor is responsible for replacing or repairing damage to existing buildings, sidewalks, roads, parking lot surfacing, and other existing assets. B. Owner has the option of contracting for such work and having cost deducted from contract amount if the Contractor is not qualified to complete repairs, or fails to act in a timely manner.
View Source
Damage to Existing Property. ST will be held responsible for any damage to existing structures, work, materials, or equipment because of his operations and shall repair or replace any damaged structures, work, materials, or equipment to the satisfaction of, and at no additional cost to, the CITY, unless otherwise addressed in the Contract.
View Source
Damage to Existing Property. To the extent caused by the Contractor, any Subcontractor or their agents, employees or any other person for whom, directly or indirectly, any one of them may be liable, Contractor will be held responsible for any damage to existing known and properly located structures, materials, or equipment because of its operations and shall repair or replace any damaged structures, Work, materials, or equipment to the satisfaction of and at no additional cost to Company. Contractor shall protect all known and properly located existing structures and property from damage and shall provide bracing, shoring, or other works necessary for protection.
View Source

Related to Damage to Existing Property

  • Damage to Equipment Each Party shall be responsible for damages to or loss of its own equipment. Each Party, and where applicable its insurer or coverage provider, waives the right to sue any other Party for any damages to or loss of its equipment, even if the damages or losses were caused wholly or partially by the negligence of any other Party or its officers, employees or volunteers.

  • Damage to Tenant's Property Landlord shall not be liable for any damage to Tenant's property except for that due to the willful neglect of Landlord. Tenant shall be responsible for the insuring of all personal property. Landlord strongly recommends renters insurance.

  • Damage to Property Of Others 1. We will pay, at replacement cost, up to $1,000 per "occurrence" for "property damage" to property of others caused by an "insured". 2. We will not pay for "property damage": a. To the extent of any amount recoverable under Section I;

  • DAMAGE TO THE PROPERTY If the property is damaged, by fire or other casualty, after the Effective Date and before the Closing, the Seller will bear the risk of loss and the Buyer may cancel this Agreement without liability and the Escrow Money shall be returned to the Buyer. Alternatively, the Buyer will have the option of purchasing the Property at the agreed-upon Purchase Price and the Seller will credit the deductible, if any, and transfer to the Buyer at Closing any insurance proceeds or Seller's claim to any insurance proceeds payable for the damage. The Seller will cooperate with and assist the Buyer in collecting any such proceeds. The Seller shall not settle any insurance claim for damage caused by casualty without the consent of the Buyer.

  • DAMAGE TO LEASED PREMISES In the event the building housing the Premises shall be destroyed or damaged as a result of any fire or other casualty which is not the result of the intentional acts or neglect of Lessee and which precludes or adversely affects the Lessee’s occupancy of the Premises, then in every such cause, the rent herein set forth shall be abated or adjusted according to the extent to which the leased Premises have been rendered unfit for use and occupation by the Lessee and until the demised Premises have been put in a condition at the expense of the Lessor, at least to the extent of the value and as nearly as possible to the condition of the Premises existing immediately prior to such damage. It is understood, however, in the event of total or substantial destruction to the Premises that in no event shall the Lessor's obligation to restore, replace or rebuild exceed an amount equal to the sum of the insurance proceeds available for reconstruction with respect to said damage.