Common use of Damages and Losses Clause in Contracts

Damages and Losses. All costs or expenses necessary to replace or repair damages or losses incurred by fire, flood, storm, theft, accident or any other cause not controllable by Contractor through exercise of reasonable care and diligence in operations and not resulting from Contractor’s failure to timely file and diligently pursue claims against insurance companies. Contractor shall furnish SOC with written notice with details of damages or losses sustained in excess of ten thousand USD (US$10,000) per occurrence as soon as practicable.

Appears in 2 contracts

Samples: Technical Service Contract, Technical Service Contract

AutoNDA by SimpleDocs

Damages and Losses. All costs or expenses necessary to replace or repair damages or losses incurred by fire, flood, storm, theft, accident or any other cause not controllable by Contractor and Operator through exercise of reasonable care and diligence in operations and not resulting from ContractorContractor and Operator’s failure to timely promptly file and diligently pursue claims against insurance companies. Contractor and Operator shall furnish SOC ROC with written notice with details of damages or losses sustained in excess of ten thousand USD Dollars (US$10,000) per occurrence as soon as practicable.

Appears in 2 contracts

Samples: Development and Production Service Contract, Development and Production Service Contract

Damages and Losses. All costs or expenses necessary to replace or repair damages or losses incurred by fire, flood, storm, theft, accident or any other cause not controllable by Contractor and Operator through exercise of reasonable care and diligence in operations and not resulting from ContractorContractor and Operator’s failure to timely file and diligently pursue claims against insurance companies. Contractor and Operator shall furnish SOC NOC with written notice with details of damages or losses sustained in excess of ten thousand USD Dollars (US$10,000) per occurrence as soon as practicable.

Appears in 1 contract

Samples: Service Development and Production Contract

Damages and Losses. All costs or expenses necessary to replace or repair damages or losses incurred by fire, flood, storm, theft, accident or any other cause not controllable by Contractor through exercise of reasonable care and diligence in operations and not resulting from Contractor’s failure to timely file and diligently pursue claims against insurance companies. Contractor shall furnish SOC ROC with written notice with details of damages or losses sustained in excess of ten thousand USD Dollars (US$10,000) per occurrence as soon as practicable.

Appears in 1 contract

Samples: Technical Service Contract

Damages and Losses. All costs or expenses necessary to replace or repair damages or losses incurred by fire, flood, storm, theft, accident or any other cause not controllable by Contractor and Operator through exercise of reasonable care and diligence in operations and not resulting from ContractorContractor and Operator’s failure to timely promptly file and diligently pursue claims against insurance companies. Contractor and Operator shall furnish SOC NOC with written notice with details of damages or losses sustained in excess of ten thousand USD Dollars (US$10,000) per occurrence as soon as practicable.

Appears in 1 contract

Samples: Development and Production Service Contract

AutoNDA by SimpleDocs

Damages and Losses. All costs or expenses necessary to replace or repair damages or losses incurred by fire, flood, storm, theft, accident or any other cause not controllable by Contractor and Operator through exercise of reasonable care and diligence in operations and not resulting from ContractorContractor and Operator’s failure to timely promptly file and diligently pursue claims against insurance companies. Contractor and Operator shall furnish SOC ROC with written notice with details of damages or losses sustained in excess of ten thousand USD Dollars (US$US$ 10,000) per occurrence as soon as practicable.

Appears in 1 contract

Samples: Sales Agreement

Damages and Losses. All costs or expenses necessary to replace or repair damages or losses incurred by fire, flood, storm, theft, accident or any other cause not controllable by Contractor through exercise of reasonable care and diligence in operations and not resulting from Contractor’s failure to timely file and diligently pursue claims against insurance companies. Contractor shall furnish SOC ROC with written notice with details of damages or losses sustained in excess of ten thousand USD (US$10,000) per occurrence as soon as practicable.

Appears in 1 contract

Samples: Technical Service Contract for Field

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!