Risk and Expense Sample Clauses

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Risk and Expense. Seller shall bear the risks inherent in the ownership of the Assets until the Final Delivery Date. Seller shall maintain in full force and effect the insurance policies currently covering the Assets through the Final Delivery Date. Should any of the Rigs (and/or components thereof) suffer any damage between the date hereof and the Delivery Date, at the option of the Buyer, (i) the Seller shall assign and/or pay over to Buyer any insurance proceeds receivable and/or received (as the case may be) by Sellers with respect to such damage, together with an amount equal to any insurance deductible or coinsurance amount applied against such damages or (ii) Buyer shall be entitled to deduct from the Purchase Price Balance payable on the Final Delivery Date an amount equal to the value of the damaged Assets.
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Risk and Expense. The Owner may take part in any Internal or External Exchange at his/her own option, risk and expense. Any charges made and rules imposed by an Internal or External Exchange will not change or suspend the Charges and duties imposed on the Owner by this agreement and the Rules except that the Owner is not responsible for any Owner with whom he makes an Internal or External Exchange. The Owner using the Cottage in an Internal or External Exchange will be held responsible. The Owner must notify the Association in writing if that Owner takes part in an Exchange. An Owner must pay for his/her own Exchange and other fees.
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Risk and Expense. Seller shall bear the risks inherent in the ownership of the Assets until the Closing Date. Seller shall maintain in full force and effect the insurance policies currently covering the Assets through the Closing Date. Should either of the Rigs sustain damage in excess of $1,000,000 before the Closing Date, this Agreement shall immediately terminate. Should either of the Rigs suffer any damage that constitutes less than $1,000,000 between the date hereof and the Closing, Sellers shall at the Closing pay over to Buyer any insurance proceeds received by Sellers with respect to such damage, together with an amount equal to any insurance deductible or coinsurance amount applied against such damages.
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Risk and Expense. In the event that Supplier fails to supply the Equipment to be supplied under the Agreement or provide any of the services agreed in the scope or the equipment(s) being Supplied/ services being provided by the Supplier are not in accordance with the agreed scope or if the Supplier continuously fails to adhere to the timelines for the Supply of equipments or delivery of services which are caused due to the reasons solely attributable to the Supplier, then the Supplier shall be liable to refund amount paid by company under this agreement. Further, the company shall have the right to procure such services from the market place and the Supplier shall be liable for any additional or differential cost incurred by the Company in using such alternate means.
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Related to Risk and Expense

  • Expense REIMBURSEMENTS. You agree that, within ten (10) days after the Separation Date, you will submit your final documented expense reimbursement statement reflecting all business expenses you incurred through the Separation Date, if any, for which you seek reimbursement. The Company will reimburse you for these expenses pursuant to its regular business practice.

  • Risk and Liability 16.1 When receiving the Products at the Take Over Point, the Contractor shall ensure that any and all damage or discrepancies observed are noted and notify ArcelorMittal immediately, but not later than within 6 (six) hours of the Contractor becoming aware of any such damages or discrepancies. The Contractor undertakes not to handle any damaged Products until ArcelorMittal has inspected such damaged Products. ArcelorMittal shall carry out such inspection when it deems it to be necessary. 16.2 The Contractor shall be liable for loss or damage to the Products, whilst the Products are in custody and control of the Contractor. The Products will be considered to be in the Contractor’s custody and under its control from the time of receipt at the Take Over Point until delivered to the Destination. 16.3 Notwithstanding any instruction that maybe given by ArcelorMittal, the Contractor shall be liable for any loss or damage to the Products resulting from defects or damage or other factors caused by handling methods or equipment of the Contractor or Contractor Employees. 16.4 The Contractor shall be responsible for any delays or damages whatsoever incurred due to the inability of the Contractor or Contractor Employees to perform in terms of this Agreement. 16.5 ArcelorMittal shall not be liable for, or in respect of, or in consequence of, any accident or damage caused to any property belonging to the Contractor or Contractor Employees and the Contractor indemnifies ArcelorMittal against all such damages and compensation against all claims, demands, proceedings, costs, charges and expenses, whatsoever, in respect thereof or in relation thereto. The Contractor is obliged to inform the Contractor Employees of the foregoing as any such claim shall be referred to the Contractor in terms of this clause. 16.6 ArcelorMittal reserves the right to subject all vehicles and personnel of the Contractor or Contractor Employees to a security check whilst entering or leaving the property of ArcelorMittal which security check may, with due observance of all statutory provisions, include a vehicle search, body search, and breathalyser test of any employee of the Contractor or Contractor Employees.

  • LIABILITY AND RISK OF LOSS A. Each Party hereby waives any claim against the other Party, employees of the other Party, the other Party's Related Entities (including but not limited to contractors and subcontractors at any tier, grantees, investigators, customers, users, and their contractors or subcontractor at any tier), or employees of the other Party's Related Entities for any injury to, or death of, the waiving Party's employees or the employees of its Related Entities, or for damage to, or loss of, the waiving Party's property or the property of its Related Entities arising from or related to activities conducted under this Agreement, whether such injury, death, damage, or loss arises through negligence or otherwise, except in the case of willful misconduct. B. Each Party further agrees to extend this cross-waiver to its Related Entities by requiring them, by contract or otherwise, to waive all claims against the other Party, Related Entities of the other Party, and employees of the other Party or of its Related Entities for injury, death, damage, or loss arising from or related to activities conducted under this Agreement. Additionally, each Party shall require that their Related Entities extend this cross-waiver to their Related Entities by requiring them, by contract or otherwise, to waive all claims against the other Party, Related Entities of the other Party, and employees of the other Party or of its Related Entities for injury, death, damage, or loss arising from or related to activities conducted under this Agreement.

  • Cost Ability to meet completion dates in proposed project schedule

  • Risk 16.1 With effect from the date of the Contract of Sale, solely as between the Purchaser and the Bank, the risk relating to the Property shall be that of the Purchaser as regard to loss and/or damage (full or partial) of whatsoever nature or howsoever occurring to the Property. 16.2 The placement of risk as herein provided shall be solely as between the Purchaser and the Bank for the purpose of determining the liability of the parties to the Contract of Sale and shall not in any manner affect or intended to affect the insurance policy which may be subsisting or which may be taken up to cover the Property. 16.3 Unless expressly provided herein, the Bank, the Solicitors and the Auctioneers or any of them or their respective agents or servants shall under no circumstances be liable to any bidders or the Purchasers, including but not limited to liability in tort, in relation to any matter or thing arising out of or in connection with, or in respect of the sale of the Property whatsoever and howsoever caused or arising.