Breakage and Damage Sample Clauses

Breakage and Damage. Licensee agrees to pay UCCR the amount reasonably necessary to repair or replace property or equipment damaged or destroyed by Licensee and/or its participants during Licensee’s use.
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Breakage and Damage. User Group agrees to pay Xxxxxx Crest the amount reasonably necessary to repair or replace property or equipment damaged or destroyed by User Group during the User Group’s use of the Facility.
Breakage and Damage. Sponsor agrees to pay FWC the amount reasonably necessary to repair or replace property or equipment damaged or destroyed during Sponsor’s use.
Breakage and Damage. Guest agrees to pay CCCM the amount reasonably necessary to repair or replace property or equipment damaged or destroyed during Guest’s use.
Breakage and Damage. Licensee agrees to pay CAMP GREENWOOD the amount reasonably necessary to repair or replace property or equipment damaged or destroyed during Licensee’s use.
Breakage and Damage. Licensee agrees to pay Facility the amount reasonably necessary to repair or replace property or equipment damaged or destroyed during Licensee’s use.
Breakage and Damage. Licensee agrees to pay Camp Albemarle the amount reasonably necessary to repair or replace property or equipment damaged or destroyed during Licensee’s use.
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Breakage and Damage. Licensee agrees to pay Catholic Charities Tri County Services the amount reasonably necessary to repair or replace property or equipment damaged, destroyed or missing during or at departure of Licensee’s use. The damages may be subtracted from the Security Deposit if charged. All damage must be immediately reported to the Administrative Liaison. Additional charges may also be incurred if the Facility requires extra cleaning or furniture/equipment rearranging beyond normal use or this will be deducted from any security deposit.
Breakage and Damage. Licensee agrees to pay Northern Pines the amount reasonably necessary to repair or replace property or equipment damaged or destroyed during Licensee’s use.

Related to Breakage and Damage

  • Loss and Damage Lessee shall assume and bear the risk of loss, theft and damage (including any governmental requisition, condemnation or confiscation) to the Equipment and all component parts thereof from any and every cause whatsoever, whether or not covered by insurance. No loss or damage to the Equipment or any component part thereof shall impair any obligation of Lessee under this Lease Agreement, which shall continue in full force and effect except as hereinafter expressly provided. Lessee shall repair or cause to be repaired all damage to the Equipment. In the event that all or part of the Equipment shall, as a result of any cause whatsoever, become lost, stolen, destroyed or otherwise rendered irreparably unusable or damaged (collectively, the “Loss”) then Lessee shall, within ten (10) days after the Loss, fully inform Lessor in writing of such a Loss and shall pay to Lessor the following amounts: (i) the Monthly Lease Charges (and other amounts) due and owing under this Lease Agreement, plus (ii) one-hundred (100%) percent of the original cost of the Equipment subject to the Loss if the loss occurs in the first nine months of the Initial Term, and, thereafter, the original cost of the Equipment amortized by the subsequent Monthly Lease Charges received by Lessor during the Initial Term using an amortization rate of eight hundred and ninety (890) basis points over the interest rate of the three (3) year United States Treasury Note as reported by the Federal Reserve on the Commencement Date (collectively, the sum of (i) plus (ii) shall be the “Casualty Loss Value”). Notwithstanding the proceeding, if Lessee has provided notice to terminate the applicable Lease Schedule prior to informing Lessor in writing of a Loss and such Loss is not covered by insurance proceeds pursuant to Section 13 hereof, then Lessee shall pay two (2) times the Casualty Loss Value on the Equipment subject to such Loss. Upon receipt by Lessor of the Casualty Loss Value: (i) the applicable Equipment shall be removed from the Lease Schedule; and (ii) Lessee’s obligation to pay Lease Charges associated with the applicable Equipment shall cease. Lessor may request, and Lessee shall complete, an affidavit(s) that swears out the facts supporting the Loss of any item of Equipment.

  • Liquidated Damages The Company’s obligations to pay any partial liquidated damages or other amounts owing under the Transaction Documents is a continuing obligation of the Company and shall not terminate until all unpaid partial liquidated damages and other amounts have been paid notwithstanding the fact that the instrument or security pursuant to which such partial liquidated damages or other amounts are due and payable shall have been canceled.

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