Damage to Bicycle Clause Samples

The 'Damage to Bicycle' clause defines the responsibilities and procedures in the event that the bicycle is damaged during the term of an agreement. Typically, this clause outlines who is liable for repairs or replacement costs, and may specify the process for reporting and assessing the damage. Its core function is to allocate risk and clarify financial responsibility, thereby preventing disputes between parties regarding damage to the bicycle.
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Damage to Bicycle. Renter shall pay Little Bear Bicycle Outfitters for all losses and/or damage to the Bicycle, regardless of fault (e.g. Renter agrees to pay for the loss even though someone else caused the damage or is at fault). Renter is also responsible for all test or vandalism losses, even if the theft or vandalism were caused by others and not a result of the fault of the Renter. If the Bicycle is damaged, Renter agrees to pay the reasonable costs of repair, any diminution in value, or if applicable, the cost of replacement. If the Bicycle is damaged beyond reasonable repair (as determined by Little Bear Bicycle Outfitters), Renter shall be responsible for the full replacement value of the Bicycle. In addition to the above, Renter shall be responsible for the reasonable down time (“Loss of Use”), and reasonable administrative fee as determined by Little Bear Bicycle Outfitters or specified by law, plus any towing, pick-up and/or storage charges. In the event of theft, Renter shall be responsible for paying Loss of Use at the daily rate for each 24 hours Renter delays in paying for the replacement cost of the Bicycle. In addition to the above, Renter is responsible for any loss if Renter: (1) abuses the Bicycle or violates any prohibited use or operation as specified in this Agreement; (2) drives recklessly; (3) drives while under the influence of alcohol or a controlled substance; (4) fails to promptly report an accident to the police and Little Bear Bicycle Outfitters; (5) fails to complete an accident report; (6) obtains the Bicycle through fraud or misrepresentation; or (7) uses the Bicycle for an Illegal purpose. Renter authorizes Little Bear Bicycle Outfitters to collect from a responsible third party any applicable loss and/or damage. In the even Little Bear Bicycle Outfitters obtains a recovery from a third party after the Renter has paid Little Bear Bicycle Outfitters for all or part of any loss, Little Bear Bicycle Outfitters will refund to the Renter any excess above the amount of the loss plus administrative fees and other incurred collection and costs and attorney’s fees.
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Damage to Bicycle. Renter shall pay Adventures by the Sea, Inc. for all losses and/or damage to the Bicycle, regardless of fault (e.g. Renter agrees to pay for the loss even though someone else caused the damage or is at fault). Renter is also responsible for all theft or vandalism losses, even if Renter is not at fault for making the theft or vandalism possible. If the Bicycle is damaged, Renter agrees to pay the reasonable costs of repair and diminution in value (if any). If the Bicycle is damaged beyond reasonable repair (as determined by Adventures by the Sea, Inc.), renter shall be responsible for the retail fair market value less any salvage value if applicable. In addition to the above, Renter shall also be responsible for the reasonable down time ("Loss of Use"), reasonable administrative fee as determined by Adventures by the Sea, Inc. or specified by law, plus any towing, pick-up and/or storage charges. In the event of theft, Renter shall be responsible for paying Loss of Use at the daily rate for each 24 hours Renter delays in paying the total loss. Renter is also responsible for any loss if Renter: (1) abuses the Bicycle or violates any prohibited use or operation as specified in this Agreement; (2) drives recklessly; (3) drives while under the influence of alcohol or a controlled substance; (4) fails to promptly report an accident to the police and Adventures by the Sea, Inc.; (5) fails to complete an accident report; (6) obtains the Bicycle through fraud or misrepresentation; or (7) uses the Bicycle for an illegal purpose. Renter authorizes Adventures by the Sea, Inc. to collect from a responsible third party any applicable loss and/or damage. In the event Adventures by the Sea, Inc. obtains a recovery from a third party after Renter has paid Adventures by the Sea, Inc. for all or part of any loss, Adventures by the Sea, Inc. will refund to Renter any excess above the amount of the loss plus administrative fees and other incurred collection and costs and attorneys' fees.
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Damage to Bicycle. You shall pay Owner for all losses and/or damage to the Bicycle, regardless of fault (e.g. you agree to pay for the loss even though someone else caused the damage or is at fault). You are also responsible for all theft or vandalism losses, even if you are not at fault for making the theft or vandalism possible. If the Bicycle is damaged, you agree to pay the reasonable costs of repair and diminution in value, if any. If
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Damage to Bicycle. Lessee shall pay Company for all losses and/or damage to the Bicycle, regardless of fault (e.g. Lessee agrees to pay for the loss even though someone else caused the damage or is at fault). Lessee is also responsible for all theft or vandalism losses, even if Lessee is not at fault for making the theft or vandalism possible. If the Bicycle is damaged, Lessee agrees to pay the reasonable costs of repair and diminution in value, if any. If the Bicycle is damaged beyond reasonable repair (as determined by Company), Lessee shall be responsible for the retail fair market value less any salvage value if applicable. In addition to the above, Lessee shall als o be responsible for the reasonable down time ("Loss of Use"), reasonable administrative fee as determined by Company or specified by law, plus any towing, pick-up and/or storage charges. In the event of theft, Lessee shall be responsible for paying Loss of Use at the daily rate for each 24 hours Lessee delays in paying the total loss. Lessee is also responsible for any loss if Lessee: (I) abuses the Bicycle or violates any prohibited use or operation as specified in this Agreement; (2) drives recklessly; (3) drives while under the influence of alcohol or a controlled substance; (4) fails to promptly report an accident to the police and Company; (5) fails to complete an accident report; (6) obtains the Bicycle through fraud or misrepresentation; or (7) uses the Bicycle for an illegal purpose. Lessee authorizes Company to collect from a responsible third party any applicable loss and/or damage. In the event Company obtains a recovery from a third party after Lessee has paid Company for all or part of any loss, Company will refund to Lessee any excess above the amount of the loss plus administrative fees and other incurred coll ection and costs and attorneys' fees.
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Related to Damage to Bicycle

  • Damage to Equipment Each Party shall be responsible for damages to or loss of its own equipment. Each Party, and where applicable its insurer or coverage provider, waives the right to sue any other Party for any damages to or loss of its equipment, even if the damages or losses were caused wholly or partially by the negligence of any other Party or its officers, employees or volunteers.

  • Damage to Property Of Others 1. We will pay, at replacement cost, up to $1,000 per "occurrence" for "property damage" to property of others caused by an "insured". 2. We will not pay for "property damage": a. To the extent of any amount recoverable under Section I;

  • DAMAGE TO PREMISES In the event the Premises are destroyed or rendered wholly uninhabitable by fire, storm, earthquake, or other casualty not caused by the negligence of Tenant, this Agreement shall terminate from such time except for the purpose of enforcing rights that may have then accrued hereunder. The rental provided for herein shall then be accounted for by and between Landlord and Tenant up to the time of such injury or destruction of the Premises, Tenant paying rentals up to such date and Landlord refunding rentals collected beyond such date. Should a portion of the Premises thereby be rendered uninhabitable, the Landlord shall have the option of either repairing such injured or damaged portion or terminating this Lease. In the event that Landlord exercises its right to repair such uninhabitable portion, the rental shall ▇▇▇▇▇ in the proportion that the injured parts bears to the whole Premises, and such part so injured shall be restored by Landlord as speedily as practicable, after which the full rent shall recommence and the Agreement continue according to its terms.

  • Damage to Personal Property The Employer will provide reimbursement for reasonable repair or replacement of damages incurred to the employee's eyeglasses, contact lenses or other prosthesis, ripped uniforms, or personal clothing, as a result of being assaulted while performing his/her work. The employee must report the incident by the end of their shift. The employee will present her or his receipt to the Employer within seven (7) days after the event, unless it was impossible for her or him to do so during this period. The Employer will reimburse up to a maximum of one hundred dollars ($100) per incident except for eyeglasses, which shall have a maximum reimbursement of three hundred dollars ($300).

  • Damage to Tenant's Property Landlord shall not be liable for any damage to Tenant's property except for that due to the willful neglect of Landlord. Tenant shall be responsible for the insuring of all personal property. Landlord strongly recommends renters insurance.