Common use of Liability for Loss Clause in Contracts

Liability for Loss. If Included Timber is destroyed or damaged by an unexpected event that significantly changes the nature of Included Timber, such as fire, wind, flood, insects, disease, or similar cause, the party holding title shall bear the timber value loss resulting from such destruction or damage; except that such losses after removal of timber from Sale Area, but before Scaling, shall be borne by Purchaser at Current Contract Rates and Required Deposits. Deterioration or loss of value of salvage timber is not an unexpected event, except for deterioration due to delay or interruption that qualifies for Contract Term Adjustment or under B8.33.

Appears in 88 contracts

Samples: Timber Sale Contract, Timber Sale Contract, Timber Sale Contract

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Liability for Loss. If Included Timber is destroyed or damaged by an unexpected event that significantly changes the nature of Included Timber, such as fire, wind, flood, insects, disease, or similar cause, the party holding title shall bear the timber value loss resulting from such destruction or damage; except that such losses caused by insect or disease after removal felling of timber from Sale Area, but before Scaling, shall be borne by Purchaser, unless Purchaser at Current is prevented from removing such timber for reasons that would qualify for Contract Rates and Required DepositsTerm Adjustment. Deterioration or loss of value of salvage timber is not an unexpected event, except for deterioration due to delay or interruption that qualifies for Contract Term Adjustment or under B8.33BT8.33.

Appears in 59 contracts

Samples: Timber Sale Contract, Timber Sale Contract, Timber Sale Contract

Liability for Loss. If Included Timber is destroyed or damaged by an unexpected event that significantly changes the nature of Included Timber, such as fire, wind, flood, insects, disease, or similar cause, the party holding title shall bear the timber value loss resulting from such destruction or damage; except that such losses after removal of timber from Sale Contract Area, but before Scaling, shall be borne by Purchaser Contractor at Current Contract Rates and Required Re- quired Deposits. Deterioration or loss of value of salvage timber is not an unexpected event, except for deterioration due to delay or interruption that qualifies for Contract Term Adjustment or under B8.33I.3.3.

Appears in 24 contracts

Samples: Integrated Resource Contract, Integrated Resource Contract, Integrated Resource Contract

Liability for Loss. If Included Timber is destroyed or damaged by an unexpected event that significantly sig- nificantly changes the nature of Included Timber, such as fire, wind, flood, insects, disease, or similar cause, the party holding title shall bear the timber value loss resulting from such destruction or damage; except that such losses after removal of timber from Sale Contract Area, but before Scaling, shall be borne by Purchaser Contractor at Current Cur- rent Contract Rates and Required Deposits. Deterioration Deteriora- tion or loss of value of salvage timber is not an unexpected unex- pected event, except for deterioration due to delay or interruption that qualifies for Contract Term Adjustment or under B8.33.

Appears in 11 contracts

Samples: Integrated Resource Timber Contract, Integrated Resource Timber Contract, Integrated Resource Timber Contract

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Liability for Loss. If Included Timber is destroyed or damaged by an unexpected event that significantly signif- icantly changes the nature of Included Timber, such as fire, wind, flood, insects, disease, or similar cause, the party holding title shall bear the timber value loss resulting from such destruction or damage; except that such losses caused by insect or disease after removal felling of timber from Sale Area, but before Scaling, shall be borne by Purchaser at Current Contractor, unless Contractor is prevented from removing such timber for reasons that would qualify for Contract Rates and Required DepositsTerm Adjustment. Deterioration or loss of value of salvage timber is not an unexpected event, except for deterioration due to delay or interruption that qualifies for Contract Term Adjustment or under B8.33.value

Appears in 6 contracts

Samples: Integrated Resource Contract, Integrated Resource Timber Contract, Integrated Resource Timber Contract

Liability for Loss. If Included Timber is destroyed or damaged by an unexpected event that significantly changes the nature of Included Timber, such as fire, wind, flood, insects, disease, or similar cause, the party holding title shall bear the timber value loss resulting from such destruction or damage; except that such losses after removal of timber from Sale Area, but before Scaling, shall be borne by Purchaser at Current Contract Rates and Required Deposits. Deterioration Dete- rioration or loss of value of salvage timber is not an unexpected event, except for deterioration due to delay or interruption that qualifies for Contract Term Adjustment or under B8.33.

Appears in 3 contracts

Samples: Timber Sale Contract, Timber Sale Contract, Timber Sale Contract

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