Common use of Damage or Loss to Equipment Clause in Contracts

Damage or Loss to Equipment. The User shall be responsible for all damages and losses, occurring while in its possession, to the Equipment of Carrier. In the event of total loss of Equipment, User shall pay to Carrier the commercial value of the trailer at the time it was interchanged.

Appears in 3 contracts

Samples: Trailer Interchange Agreement, Trailer Interchange Agreement, Trailer Interchange Agreement

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Damage or Loss to Equipment. The User shall be responsible for all damages and losses, occurring while in its possession, to the Equipment while in User’s possession, except to the extent such damage or loss is caused by the negligent acts or omissions of Carrierthe Shipper or its employees. In the event of total loss of Equipment, User shall pay to Carrier Shipper the commercial value of the trailer at the time it was interchanged.

Appears in 1 contract

Samples: Trailer Interchange Agreement

Damage or Loss to Equipment. The User shall be responsible for all damages and losses, occurring while in its possession, to the Equipment of CarrierSupplier. In the event of total loss of Equipment, User shall pay to Carrier Supplier the commercial value of the trailer at the time it was interchanged.

Appears in 1 contract

Samples: Mutual Trailer Interchange Agreement

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Damage or Loss to Equipment. The User USER shall be responsible for all damages and losses, occurring while in its possession, to the Equipment of CarrierPROVIDER. In the event of total loss of Equipment, User USER shall pay to Carrier PROVIDER the commercial value of the trailer at the time it was interchanged.

Appears in 1 contract

Samples: Trailer Interchange Agreement

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