Equipment Risk of Loss Sample Clauses

Equipment Risk of Loss. The Customer hereby assumes and shall bear all risk of loss, theft, damage or destruction of the Equipment by any cause whatsoever including, without limitation, economic loss through extraordinary or premature wear, or condemnation, confiscation, seizure or requisition of the title or use of any of the Equipment by any governmental entity and whether or not such Loss is covered by insurance (collectively “Loss”) from and after the Delivery of the Equipment to Customer’s Site, and continuing until such Equipment is removed by Miraclon or such other entity designated in writing by Miraclon. No such loss shall impair any obligation of the Customer under this Agreement which shall continue in full force and effect. In the event of Loss, the Customer shall promptly notify Miraclon in writing of the Loss and all related details and any action related thereto and shall within thirty (30) days of the Loss, repair the Equipment and restore it to the same good condition and working order as it was in immediately prior to the Loss.
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Equipment Risk of Loss. The Customer hereby assumes and shall bear all risk of loss, theft, damage or destruction of the Equipment by any cause whatsoever including, without limitation, economic loss through extraordinary or premature wear, or condemnation, confiscation, seizure or requisition of the title or use of any of the Equipment by any governmental entity and whether or not such Loss is covered by insurance (collectively “Loss”) from and after the Delivery of the Equipment to Customer’s Site, and continuing until such Equipment is removed by Miraclon or such other entity designated in writing by Miraclon. No such loss shall impair any obligation of the Customer under this Agreement which shall continue in full force and effect. In the event of Loss, the Customer shall promptly notify Miraclon in writing of the Loss and all related details and any action related thereto, and shall within thirty
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Equipment Risk of Loss. EXLP agrees to provide the Services in a good and workmanlike manner with competent employees and subcontractors. Except as otherwise specifically set forth in this Agreement, EXLP will be responsible for loss of or damage to the Equipment. COMPRESSION SERVICES AGREEMENT (ACMP-1) 23 EXECUTION VERSION
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Related to Equipment Risk of Loss

  • Risk of Loss Matters of inspection and acceptance are addressed in section 215.422, F.S. Until acceptance, risk of loss or damage will remain with the Contractor. The Contractor will be responsible for filing, processing, and collecting all damage claims. To assist the Contractor with damage claims, the Customer will: record any evidence of visible damage on all copies of the delivering xxxxxxx’x xxxx of lading; report damages to the carrier and the Contractor; and provide the Contractor with a copy of the xxxxxxx’x xxxx of lading and damage inspection report.

  • Title; Risk of Loss Title to and risk of loss of the deliverables shall pass to the City only when the City actually receives and accepts the deliverables.

  • Title and Risk of Loss Notwithstanding the form of shipment, title or other property interest, risk of loss shall not pass from the Contractor to the Authorized User until the Products have been received, inspected and accepted by the receiving entity. Acceptance shall occur within a reasonable time or in accordance with such other defined acceptance period as may be specified in the Bid Specifications or Purchase Order. Mere acknowledgment by Authorized User personnel of the delivery or receipt of goods (e.g., signed xxxx of lading) shall not be deemed or construed as acceptance of the Products received. Any delivery of Product that is substandard or does not comply with the Bid Specifications or Contract terms and conditions, may be rejected or accepted on an adjusted price basis, as determined by the Commissioner.

  • Insurance and Risk of Loss All risk of loss, damage to or destruction of the Collateral shall at all times be on Debtor. Debtor will procure forthwith and maintain at Debtor's expense insurance against all risks of loss or physical damage to the Collateral for the full insurable value thereof for the life of this Security Agreement plus breach of warranty insurance and such other insurance thereon in amounts and against such risks as Secured Party may specify, and shall promptly deliver each policy to Secured Party with a standard long-form mortgagee endorsement attached thereto showing loss payable to Secured Party; and providing Secured Party with not less than 30 days written notice of cancellation; each such policy shall be in form, terms and amount and with insurance carriers satisfactory to Secured Party; Secured Party's acceptance of policies in lesser amounts or risks shall not be a waiver of Debtor's foregoing obligations. As to Secured Party's interest in such policy, no act or omission of Debtor or any of its officers, agents, employees or representatives shall affect the obligations of the insurer to pay the full amount of any loss. Debtor hereby assigns to Secured Party any monies which may become payable under any such policy of insurance and irrevocably constitutes and appoints Secured Party as Debtor's attorney in fact (a) to hold each original insurance policy, (b) to make, settle and adjust claims under each policy of insurance, (c) to make claims for any monies which may become payable under such and other insurance on the Collateral including returned or unearned premiums, and (d) to endorse Debtor's name on any check, draft or other instrument received in payment of claims or returned or unearned premiums under each policy and to apply the funds to the payment of the indebtedness owing to Secured Party; provided, however, Secured Party is under no obligation to do any of the foregoing. Should Debtor fail to furnish such insurance policy to Secured Party, or to maintain such policy in full force, or to pay any premium in whole or in part relating thereto, then Secured Party, without waiving or releasing any default or obligation by Debtor, may (but shall be under no obligation to) obtain and maintain insurance and pay the premium therefor on behalf of Debtor and charge the premium to Debtor's indebtedness under this Security Agreement. The full amount of any such premium paid by Secured Party shall be payable by Debtor upon demand, and failure to pay same shall constitute an event of default under this Security Agreement.

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