Common use of Damage or Loss Clause in Contracts

Damage or Loss. Should loss or damage occur to the Lender’s work of art, the Borrower must inform the Lender immediately after the accident has occurred or as soon as the loss is noticed by telephone or email, followed by a written report accompanied by photographs within 24 hours, to be sent by registered express mail. Should any incident occur with regard to the Lender’s work of art, whether or not damage is apparent, the event must be reported immediately to the Lender. Any costs arising from damage or loss to the object and not covered by the insurer shall be borne by the Borrower. Works of art may not be subjected to any form of conservation treatment, scientific examination or alteration to glazing or framing without the approval of the Lender’s representative.

Damage or Loss. Should loss or damage occur to the Lender’s work of art, the Borrower must inform the Lender immediately after the accident has occurred or as soon as the loss is noticed by telephone or emailfax, followed by a written report accompanied by photographs within 24 hours, to be sent by registered express mail. Should any incident occur with regard to the Lender’s work of art, whether or not damage is apparent, the event must be reported immediately to the Lender. Any costs arising from damage or loss to the object and not covered by the insurer shall be borne borned by the Borrower. Works of art may not be subjected to any form of conservation treatment, scientific examination or alteration to glazing or framing without the approval of the Lender’s representative.

Damage or Loss. Should loss or damage occur to the Lender’s work of art, the Borrower must inform the Lender immediately after the accident has occurred or as soon as the loss is noticed by telephone or email, followed by a written report accompanied by photographs within 24 hours, to be sent by registered express mail. Should any incident occur with regard to the Lender’s 's work of art, whether or not damage is apparent, the event must be reported immediately to the Lender. Any costs arising from damage or loss to the object and not covered by the insurer shall be borne covered by the Borrower. Works of art may not be subjected to any form of conservation treatment, scientific examination or alteration to glazing or framing without the approval of the Lender’s 's representative.