REMOVAL OF WRECK Clause Samples

REMOVAL OF WRECK. If you are legally obligated to remove or otherwise dispose of the wreck of the insured boat, we will pay the amount necessary to remove or otherwise dispose of the wreck or the amount which you are held liable for failing to do so, subject to the limit of liability stated in the Declarations for Coverage B.
View SourceView Similar (3)
REMOVAL OF WRECK. If the Drilling Unit becomes a total loss or a wreck or an obstruction to navigation or operations of COMPANY, or is otherwise abandoned, CONTRACTOR shall, if deemd necessary by Company, or if required by applicable law or by the government having jurisdiction or control over the Operating Area, remove, at its own cost and expense, the Drilling Unit from the Operating Area to the satisfaction of COMPANY.
View Source
REMOVAL OF WRECK. Insurers will indemnify the Insured for the reasonable costs or expenses of, or incidental to, the removal of the wreck of the property insured under this extension provided however that: i. such removal is compulsory by law; and ii. the value of all stores and materials saved as well as the value of the wreck itself, will first be deducted from such costs or expenses and only the balance thereof, if any, will be recoverable from the Insurer. In no event shall Insurers pay more than the limit specified on the Declarations for Removal of Wreck any one accident or occurrence.
View Source

Related to REMOVAL OF WRECK

  • Removal of Fixtures (a) So long as the Tenant is not in default hereunder at the expiration of the Term, the Tenant shall then have the right to remove its trade fixtures from the Premises but shall make good any damage caused to the Premises resulting from the installation or removal thereof; provided that all alterations, additions and improvements constructed and installed in the Premises and attached in any manner to the floors, walls or ceiling, including any floor covering and light fixtures, are hereby deemed not to be trade fixtures and shall remain upon and be surrendered with the Premises, except to the extent the Landlord requires removal thereof. (b) If the Tenant fails to remove its trade fixtures and restore the Premises as aforesaid, all such trade fixtures shall become the property of the Landlord except to the extent that the Landlord continues to require removal thereof. (c) Should the Tenant abandon the Premises or should this Lease be terminated before the proper expiration of the Term due to a default on the part of the Tenant then, in such event, as of the moment of default by the Tenant, all trade fixtures and furnishings of the Tenant (whether or not attached in any manner to the Premises) shall, except to the extent the Landlord requires the removal thereof, become and be deemed to be the property of the Landlord, without indemnity to the Tenant and as additional liquidated damages in respect of such default but without prejudice to any other right or remedy of the Landlord. (d) Notwithstanding that any trade fixtures, alterations, additions, improvements or fixtures are or may become the property of the Landlord, the Tenant shall forthwith remove all or part of the same and shall make good any damage caused to the Premises resulting from the installation or removal thereof, all at the Tenant’s expense, should the Landlord so require by notice to the Tenant. (e) If the Tenant, after receipt of a notice from the Landlord, fails to promptly remove any trade fixtures, furnishings, alterations, additions, improvements and fixtures in accordance with such notice, then the Landlord may enter into the Premises and remove therefrom all or part of such trade fixtures, furnishings, alterations, additions, improvements and fixtures without any liability and at the expense of the Tenant, which expense shall forthwith be paid by the Tenant to the Landlord.

  • Removal of Data County PHI or PI must not be removed from the premises of the Contractor except with express written permission of County.

  • Removal of Documents A. Written reprimands will be removed from an employee’s personnel file after three

  • Removal of Equipment Subject, always, to the other terms and provisions of this Fee Agreement, the Company and any Sponsor Affiliates shall be entitled to remove and dispose of components of the Project from the Project in its sole discretion with the result that said components shall no longer be considered a part of the Project and, to the extent such constitute Economic Development Property, shall no longer be subject to the terms of this Fee Agreement. Economic Development Property is disposed of only when it is scrapped or sold or removed from the Project. If it is removed from the Project, it is subject to ad valorem property taxes to the extent the Property remains in the State and is otherwise subject to ad valorem property taxes.

  • Removal of parts The Borrower shall not remove any material part of the Ship, or any item of equipment installed on the Ship, unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Lender and becomes on installation on the Ship the property of the Borrower and subject to the security constituted by the Mortgage Provided that the Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.