Equipment Loss Clause Samples

Equipment Loss a. Unit Members shall be reimbursed for theft, destruction, or damage by arson, burglary, or vandalism of property required or approved by the immediate supervisor in the performance of assigned job duties. Reimbursement shall be made only when 1) written approval for use of the personal property was given before the property was brought to the work site, and 2) the value of the property was agreed upon by the owner or owners bringing the property, and the site administrator at the time the approval for its use was given. b. The amount of reimbursement to the Unit Member by the Employer shall be no more than five hundred dollars ($500) nor less than ten dollars ($10) per incident. In the event the loss exceeds $500.00, the Employer may allow additional reimbursement.

Equipment Loss. 1. Teachers shall be reimbursed for the loss, destruction, or damage by arson, burglary, or vandalism of property used for school instructional purposes in the Office. Reimbursement shall be made only when approval for the use of the personal property in the schools was given before the property was brought to school and when the value of the property was agreed upon by the person or persons bringing the property and his/her supervisor, at the time the approval for its use was given. 2. The maximum amount of the Superintendent’s reimbursement shall be no more than five hundred dollars ($500) nor less than ten dollars ($10) per incident.

Equipment Loss. Subject to Section 3.0 below, the District will repair or replace (or pay the cost of repairing or replacing) equipment owned by the employee which is broken or damaged in District service or lost through verified theft from District property during the performance of the employee’s duties not the result of the employee’s negligence. Such equipment must be those employees are required to possess by the District as specified in writing on an approved inventory list and must be authorized by the Chief of Police prior to damage or loss for use during the performance of the employee’s duties. All employees utilizing their own authorized equipment in the performance of their duties shall be given an inventory list form which will include value, and any other relevant information regarding the equipment (such as serial numbers, color, etc.). Any broken or damaged equipment replaced with comparable valued equipment shall become the property of the District.

Equipment Loss. 1. The District shall reimburse unit members for the loss, destruction or damage by arson, burglary, or vandalism of property used for school instructional purposes in the District. Reimbursement shall be made only when approval for the use of the personal property in the school was given before the property was brought to school and when the value of the property was agreed upon by the person or persons bringing the property and the school administrator or the person appointed by him/her for this purpose, at the time the approval for its use was given. Approval for the use of property shall not be unreasonably withheld and shall be consistent with Article 25 (Academic Freedom). 2. The maximum amount of the District's reimbursement shall be no more than $600.00 or less than $30.00 per incident.

Equipment Loss. Borrower shall promptly notify Lender in writing of any Equipment Loss in excess of $10,000.00. In the event of any such Equipment Loss, Borrower shall either, (a) promptly place, at Borrower's expense, the Equipment in good repair, condition and working order, or (b) promptly replace, at Borrower's expense, the Equipment with like equipment of the same or a later model as the Equipment, and in good repair, condition and working order. In the event Borrower is required to repair or replace any such item of Equipment pursuant to this Section, any insurance proceeds received by Borrower for such Equipment may be applied by Borrower for costs and expenses of repairing or replacing the Equipment.

Equipment Loss. 8.1 From receipt of any Equipment until return of such Equipment to Bit Digital, Boosteroid shall bear all risk of loss, damage, destruction, theft, taking, confiscation, or requisition, partial or complete, of or to use Equipment, however caused or occasioned (“Loss”). Boosteroid shall notify Bit Digital in writing within ten (10) days of learning of any such Loss. 8.2 If Bit Digital determines in its sole reasonable discretion that a Loss has materially impaired the Equipment affected or its use, Boosteroid shall pay, on Bit Digital’s demand (“Loss Payment Date”), all Lease Fees and other amounts due prior to the Loss Payment Date with respect to such Equipment, as reasonably determined by Bit Digital (collectively, “Loss Payment”). This MSLA and the relevant Purchase Order shall terminate in respect of any materially impaired Equipment on receipt by Bit Digital of the corresponding Loss Payment. Upon such receipt and termination, Bit Digital shall deliver to Boosteroid a duly executed quitclaim bill of sale. So long as no Event of Default shall have occurred and be continuing, Boosteroid shall be subrogated to all claims of Bit Digital, if any, against third parties, for material impairment of such Equipment to the extent of the replacement value of such Equipment, as reasonably determined by Bit Digital. 8.3 If Bit Digital determines in its sole discretion that a Loss has not materially impaired the Equipment affected or its use, this MSLA and relevant Purchase Order shall continue with respect to such Equipment as though no Loss had occurred. For the avoidance of doubt, there shall be no abatement of Lease Fees for any period in which a unit of Equipment is sent for repair or otherwise out of operation in connection with any maintenance, repairs, or mandatory modifications under this Section 8 or Section 7.7.

Equipment Loss. Except to the extent provided for by the Damage Waiver, the Customer assumes the entire risk of and shall indemnify L2 Rental against all loss and damage to the Equipment and accessories arising from or pertaining to the installation, possession, operation or use of the Equipment or from any cause whatsoever while the Equipment or damage claimed by either the customer or L2 Rental must be made known in writing to the other party within two (2) weeks after receipt by such claimant of the Equipment. In the event of total loss of any Equipment by the Customer, this Contract shall remain in effect and shall not be terminated until the Customer has confirmed the loss to L2 rental and L2 Rental has invoiced the Customer for the loss.

Equipment Loss a. Unit Members shall be reimbursed for theft, destruction, or damage by arson, burglary, or vandalism of property required or approved by the immediate supervisor in the performance of assigned job duties. Reimbursement shall be made only when 1) written approval for use of the personal property was given before the property was brought to the work site, and 2) the value of the property was agreed upon by the owner or owners bringing the property, and the site administrator at the time the approval for its use was given. b. The amount of reimbursement to the Unit Member by the Employer shall be no more than five hundred dollars ($500) nor less than ten dollars ($10) per incident. In the event the loss exceeds $500.00, the Employer may allow additional reimbursement. 4. Reimbursement Process for Property/Equipment Loss Personal Information Description of Property (if auto, give year, make, model and license number) Description of Loss (details of actual loss, place, date, time and other pertinent information) Other Information (attach copies of police report, photos, estimates, receipts, insurance deductible, etc.) I certify all statements to be true and claim the above amount as full reimbursement. I further certify that I have exhausted all other means of reimbursement reasonably available to me. If the claim is allowed, I hereby subrogate to the Agency any right to recover compensation for such damaged property. Signature: Date:

Equipment Loss. In the event of damage or loss of MVLA District technology equipment, employees shall complete the District “Tech Equipment Loss Report Form” as soon as possible and submit it to the District Technology Department. If a District device is stolen from an employee, he/she must obtain a police report and attach it to the Loss Report Form.