Common use of Casualty, Theft, and Loss Clause in Contracts

Casualty, Theft, and Loss. 7.3.1. If a Chassis is damaged beyond repair, destroyed, or lost through casualty, theft, or causes other than defects or causes attributable to Contributor during a period when the chassis is the responsibility of a User, MWCP shall deliver notice thereof to Contributor (the “Loss Notice”). If a loss occurs while the Chassis is interchanged to or on behalf of a User, MWCP shall xxxx the User for the Replacement Cost as provided in the MWCP Operations Manual. MWCP shall pay the Replacement Cost of the Chassis to the Contributor immediately upon receipt of payment from the User, and the Chassis shall be removed from the Chassis Pool.

Casualty, Theft, and Loss. 7.3.1. If a Chassis is damaged beyond repair, destroyed, or lost through casualty, theft, or causes other than defects or causes attributable to Contributor during a period when the chassis is the responsibility of a User, MWCP MCCP shall deliver notice thereof to Contributor (the “Loss Notice”). If a loss occurs while the Chassis is interchanged to or on behalf of a User, MWCP MCCP shall xxxx bill the User for the Replacement Cost as provided in the MWCP MCCP Operations Manual. MWCP MCCP shall pay the Replacement Cost of the Chassis to the Contributor immediately upon receipt of payment from the User, and the Chassis shall be removed from the Chassis Pool.

Casualty, Theft, and Loss. 7.3.1. If a Chassis is damaged beyond repair, destroyed, or lost through casualty, theft, or causes other than defects or causes attributable to Contributor during a period when the chassis is the responsibility of a User, MWCP MCCP shall deliver notice thereof to Contributor (the “Loss Notice”). If a loss occurs while the Chassis is interchanged to or on behalf of a User, MWCP MCCP shall xxxx the User for the Replacement Cost as provided in the MWCP MCCP Operations Manual. MWCP MCCP shall pay the Replacement Cost of the Chassis to the Contributor immediately upon receipt of payment from the User, and the Chassis shall be removed from the Chassis Pool.