Common use of Loss of or Damage to Property Clause in Contracts

Loss of or Damage to Property. You are responsible for loss, damage (ordinary wear and tear excepted) or destruction of the Props, 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 You are not responsible for damage to or loss of the Props caused by our sole negligence or willful misconduct. You are also responsible for loss of use and You shall fully compensate Us for the loss of use of the Props during the time they are being repaired or replaced, as applicable, as the rental rates provided/noted on the rental invoice.

Appears in 2 contracts

Sources: Lease/Rental Agreement, Lease/Rental Agreement

Loss of or Damage to Property. You are responsible for loss, damage (ordinary wear and tear excepted) or destruction of the PropsProperty, 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 You are not responsible for damage to or loss of the Props Property caused by our Our sole negligence or willful misconduct. You are also responsible for actual and verifiable loss of use and You shall fully compensate Us for the loss of use of the Props Property during the time they are being repaired or replaced, as applicable, as the rental rates provided/noted on the rental invoice.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement

Loss of or Damage to Property. You are responsible for loss, damage (ordinary wear and tear excepted) or destruction of the Props, including including, but not limited to to, losses while in transit, while loading and unloading, while at any and all locations, while in storage and or while on Your premises, except that You are not responsible for damage to or loss of the Props caused by our sole gross negligence or willful misconduct. You are also responsible for loss of use and You shall fully compensate Us for the loss of use of the Props during the time they are being repaired or replaced, as applicable, as the rental rates provided/noted on the rental invoice.

Appears in 1 contract

Sources: Purchase Order / Open Account Agreement