Common use of Damages and Losses Clause in Contracts

Damages and Losses. Costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Assets or the Property resulting from any cause other than the willful misconduct or gross negligence of the Operator. The Operator shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof has been received by the Operator.

Damages and Losses. Costs All costs in excess of insurance proceeds necessary to repair or replace damage damages or losses to any Assets or the Property resulting from any cause other than the willful misconduct or gross negligence of the Operator. The Operator shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof of such damages or losses has been received by the Operator.

Damages and Losses. Costs All costs in excess of insurance proceeds necessary to repair or replace damage or losses to any Property or Assets or the Property resulting from any cause other than the willful wilful misconduct or gross negligence of the Operator. The Operator shall furnish the Management Committee with written notice of damages or losses as soon as practicable after a report thereof has been received by the Operator.