Common use of Liability for Damage or Loss Clause in Contracts

Liability for Damage or Loss. You expressly understand and agree that if any of the Astound Equipment becomes damaged, or is destroyed, lost or stolen while installed at your service site, you will be liable to Astound for the full replacement cost (without any deduction for depreciation or wear and tear) of that Astound Equipment, regardless of whether or not the damage, destruction, loss or theft was beyond your reasonable control. The preceding sentence does not apply to equipment malfunction in the ordinary course of reasonable usage.

Appears in 12 contracts

Samples: Small Business Services Subscriber Agreement, Small Business Services Subscriber Agreement, Small Business Services Subscriber Agreement

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