Common use of Assumption of Risk by Xxxxxx Clause in Contracts

Assumption of Risk by Xxxxxx. The Parties expressly acknowledge and agree that: (a) the construction of all of Lessee’s Works (whether undertaken by the Lessee or the Lessor or any contractor on behalf of or at the direction of either the Lessee or the Lessor) shall be at the risk of the Lessee in all respects; (b) the Lessee bears the risk of: (i) the Lessee’s Works; (ii) all Works Equipment; and (iii) all unfixed goods and materials used or to be used in carrying out the Lessee’s Works, including anything provided by the Lessor to the Lessee or brought onto the Leased Premises by any contractor; and (c) the Lessee releases and discharges the Lessor from all claims for loss of or damage to the Leased Premises, and any plant, equipment, Building, fixtures, fittings, merchandise, good or property of the Lessee contained in or about the Leased Premises for the purpose of the Lessee’s Works and from any loss of profits resulting from such loss or damage.