Common use of LIABILITY OF DAMAGES Clause in Contracts

LIABILITY OF DAMAGES. The Bank, shall not be responsible or held liable for any damage to person or property consequent upon the use, misuse or failure of any tools and equipment used by the contractor, even though the same has been rented or loaned to the contractor. The acceptance and / or use of any such tools and equipment by contractor shall be construed to mean that the contractor accepts all responsibility for and agrees to indemnify from said use, misuse or failure of such tools and equipment.

Appears in 6 contracts

Samples: Agreement, Agreement, sbi.co.in

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LIABILITY OF DAMAGES. The Bank, Bank shall not be responsible or held liable for any damage to person or property consequent upon the use, misuse or failure of any tools and equipment used by the contractor, even though the same has been rented or loaned to the contractor. The acceptance and / or use of any such tools and equipment by contractor shall be construed to mean that the contractor accepts all responsibility for and agrees to indemnify from said use, misuse or failure of such tools and equipment.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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