Common use of LIMITATION OF VALUE Clause in Contracts

LIMITATION OF VALUE. OCCUPANT AGREES NOT TO STORE PROPERTY WITH A TOTAL VALUE IN EXCESS OF $5,000 WITHOUT THE WRITTEN PERMISSION OF THE OWNER OR MANAGER AND OCCUPANT HAS PROVIDED PROOF OF INSURANCE TO OWNER OR MANAGER TO COVER THE VALUE OF THE STORED PROPERTY. IF SUCH WRITTEN PERMISSION IS NOT OBTAINED, THE VALUE OF OCCUPANT’S PROPERTY SHALL BE DEEMED NOT TO EXCEED $5,000. NOTHING HEREIN SHALL CONSTITUTE ANY AGREEMENT OR ADMISSION BY OWNER OR MANAGER THAT OCCUPANT’S STORED PROPERTY HAS ANY VALUE, NOR SHALL ANYTHING ALTER THE RELEASE OF OWNER’S LIABILITY SET FORTH BELOW. THIS $5,000 LIMIT IS DEEMED TO BE THE MAXIMUM VALUE OF THE PROPERTY STORED IN THE SPACE AND THE MAXIMUM LIABILITY OF THE OWNER FOR ANY CLAIM.

LIMITATION OF VALUE. OCCUPANT AGREES NOT TO STORE PROPERTY WITH A TOTAL VALUE IN EXCESS OF $5,000 WITHOUT THE WRITTEN PERMISSION OF THE OWNER OR MANAGER AND OCCUPANT HAS PROVIDED PROOF OF INSURANCE TO OWNER OR MANAGER TO COVER THE VALUE OF THE STORED PROPERTY. IF SUCH WRITTEN PERMISSION IS NOT OBTAINED, THE VALUE OF OCCUPANT’S PROPERTY SHALL BE DEEMED NOT TO EXCEED $5,000. NOTHING HEREIN SHALL CONSTITUTE ANY AGREEMENT OR ADMISSION BY OWNER OR MANAGER THAT OCCUPANT’S STORED PROPERTY HAS ANY VALUE, NOR SHALL ANYTHING ALTER THE RELEASE OF OWNER’S LIABILITY SET FORTH BELOW. THIS $5,000 LIMIT IS DEEMED TO BE THE MAXIMUM VALUE OF THE PROPERTY STORED IN THE SPACE AND THE MAXIMUM LIABILITY OF THE OWNER FOR ANY CLAIM.

LIMITATION OF VALUE. OCCUPANT AGREES NOT TO STORE PROPERTY WITH A TOTAL VALUE IN EXCESS OF $5,000 5,000.00 WITHOUT THE WRITTEN PERMISSION OF THE OWNER OR MANAGER AND OCCUPANT HAS PROVIDED PROOF OF INSURANCE TO OWNER OR MANAGER TO COVER THE VALUE OF THE STORED PROPERTY. IF SUCH WRITTEN PERMISSION IS NOT OBTAINED, THE VALUE OF OCCUPANT’S PROPERTY SHALL BE DEEMED NOT TO EXCEED $5,0005,000.00. NOTHING HEREIN SHALL CONSTITUTE ANY AGREEMENT OR ADMISSION BY OWNER OR MANAGER THAT OCCUPANT’S STORED PROPERTY HAS ANY VALUE, NOR SHALL ANYTHING ALTER THE RELEASE OF OWNER’S LIABILITY SET FORTH BELOW. THIS $5,000 5,000.00 LIMIT IS DEEMED TO BE THE MAXIMUM VALUE OF THE PROPERTY STORED IN THE SPACE AND THE MAXIMUM LIABILITY OF THE OWNER FOR ANY CLAIM.