Assumption of Property Risk Sample Clauses

Assumption of Property Risk. Except to the extent of City’s negligence or willful misconduct, but subject to Section 5.7.5 above, the placement and storage of PWRF’s personal property in or about the Premises shall be the responsibility, and at the sole risk, of PWRF.
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Assumption of Property Risk. The placement and storage of Concessionaire’s Business Personal Property in or about the Premises shall be the responsibility, and at the sole risk, of Concessionaire.
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Assumption of Property Risk. The placement and storage of Lessee’s Business Personal Property in or about the Premises shall be the responsibility, and at the sole risk, of Lessee.
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Related to Assumption of Property Risk

  • Protection of Property Seller assumes, and shall ensure that all subcontractors thereof and their respective employees assume, the risk of loss or destruction of or damage to any property of such parties whether owned, hired, rented, borrowed or otherwise, brought to a facility owned or controlled by Buyer or Buyer’s customer. Seller waives, and shall ensure that any subcontractor thereof and their respective employees waive, all rights of recovery against Buyer, its subsidiaries and their respective directors, officers, employees and agents for any such loss, destruction or damage. At all times Seller shall, and ensure that any subcontractor thereof shall, use suitable precautions to prevent damage to Buyer's property. If any such property is damaged by the fault or negligence of Seller or any subcontractor thereof, Seller shall, at no cost to Buyer, promptly and equitably reimburse Buyer for such damage or repair or otherwise make good such property to Buyer’s satisfaction. If Seller fails to do so, Buyer may do so and recover from Seller the cost thereof.