Common use of LIABILITY REDUCTION OPTION Clause in Contracts

LIABILITY REDUCTION OPTION. 8.1 Liability Reduction Option (LRO) is an optional extra that reduces Guest's liability under clause 7.11 to the amount specified in Part A. It applies to one Incident only. 8.2 The LRO does not apply to the Security Deposit Exclusions (see clauses 7.20 and 7.21 for details). This means that if any of the Security Deposit Exclusions apply, Guest shall remain liable for the full amount of the charges owing to Apollo and/or the costs payable to Apollo as set out in clause 7.21. 8.3 LRO can be purchased by Guest at time of booking or on or before collection of the Vehicle. It cannot be purchased after the start of the Hire Period. Current pricing for the LRO can be found on Xxxxxx's website. 8.4 LRO applies in respect of the first Incident only in respect of the Vehicle (not the entire Hire Period). Once an Incident has occurred, the LRO will be applied to such Incident and Xxxxxx's Security Deposit terms (as set out in clauses 7.11 to 7.21 above) will apply to the remainder of the Hire Period and any subsequent Incidents. 8.5 Once an Incident has occurred, a full Security Deposit amount will be immediately due to be paid by Guest to cover any subsequent Incidents. A second full value security deposit authorisation will be required at that time. 8.6 LRO cannot be purchased by Drivers less than 25 years of age. 8.7 Guest must report Incidents to Apollo within 24 hours of occurrence for the LRO to apply.

LIABILITY REDUCTION OPTION. 8.1 Liability Reduction Option (LRO) is an optional extra that reduces Guest's liability under clause 7.11 to the amount specified in Part A. It applies to one Incident only. 8.2 The LRO does not apply to the Security Deposit Exclusions (see clauses 7.20 and 7.21 for details). This means that if any of the Security Deposit Exclusions apply, Guest shall remain liable for the full amount of the charges owing to Apollo Bunk Campers and/or the costs payable to Apollo Bunk Campers as set out in clause 7.21. 8.3 LRO can be purchased by Guest at time of booking or on or before collection of the Vehicle. It cannot be purchased after the start of the Hire Period. Current pricing for the LRO can be found on XxxxxxBunk Campers's website. 8.4 LRO applies in respect of the first Incident only in respect of the Vehicle (not the entire Hire Period). Once an Incident has occurred, the LRO will be applied to such Incident and XxxxxxBunk Campers's Security Deposit terms (as set out in clauses 7.11 to 7.21 above) will apply to the remainder of the Hire Period and any subsequent Incidents. 8.5 Once an Incident has occurred, a full Security Deposit amount will be immediately due to be paid by Guest to cover any subsequent Incidents. A second full value security deposit authorisation will be required at that time. 8.6 LRO cannot be purchased by Drivers less than 25 years of age. 8.7 Guest must report Incidents to Apollo Bunk Campers within 24 hours of occurrence for the LRO to apply.