Common use of Loss and Damage Clause in Contracts

Loss and Damage. A. Lessee hereby assumes and shall bear the entire risk of loss and damage to the Equipment from any and every cause whatsoever. No loss or damage to the Equipment or any part thereof shall impair any obligation of Lessee under this Lease which shall continue in full force and effect through the term of the Lease. B. In the event of loss or damage of any kind whatever to the Equipment, Lessee shall, at Lessor's option: (i) Place the same in good repair, condition and working order; or (ii) Replace the same with like equipment in good repair, condition and working order; or (iii) Pay to Lessor the replacement cost of the Equipment.

Appears in 7 contracts

Samples: Equipment Lease, Equipment Lease Agreement, Lease Agreement

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Loss and Damage. A. Lessee hereby assumes and shall bear the entire risk of loss and damage to the Equipment from any and every cause whatsoever. No loss or damage to the Equipment or any part thereof shall impair any obligation of Lessee under this Lease which shall continue in full force and effect through the term of the Lease. B. In the event of loss or damage of any kind whatever to the Equipment, Lessee shall, at Lessor's option: (i) Place the same in good repair, condition and working order; or (ii) Replace the same with like equipment in good repair, condition and working order; or or (iii) Pay to Lessor the replacement cost of the Equipment.

Appears in 4 contracts

Samples: Equipment Lease (Imaging Center Inc), Equipment Lease (Imaging Center Inc), Equipment Lease (Imaging Center Inc)

Loss and Damage. A. Lessee hereby assumes and shall bear the entire risk of loss and damage to the Equipment from any and every cause whatsoever. No loss or damage to the Equipment or any part thereof shall impair any obligation of the Lessee under this Lease which shall continue in full force and effect through the term of the Lease. B. . In the event of loss or damage of any kind whatever to the Equipment, the Lessee shall, at the Lessor's option: (ia) Place the same in good repair, condition and working order; or (iib) Replace the same with like equipment in good repair, condition and working order; or (iiic) Pay to Lessor the replacement cost of the Equipment.

Appears in 2 contracts

Samples: Lease Agreement (GoldLand Holdings Corp.), Asset Purchase Agreement (GoldLand Holdings Corp.)

Loss and Damage. A. Lessee hereby assumes and shall bear the entire risk of loss and damage to the Equipment from any and every cause whatsoever. Specifically excluded from this liability is Equipment failure during normal use. No loss or damage to the Equipment or any part thereof shall impair any obligation of Lessee under this Lease Lease, which shall continue in full force and effect through the term of the Lease. B. In the event of loss or damage of any kind whatever to the Equipment, Lessee shall, at Lessor's option: (i) Place the same in good repair, condition and working order; or (ii) Replace the same with like equipment in good repair, condition and working order; or (iii) Pay to Lessor the replacement cost of the Equipment.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

Loss and Damage. A. Lessee hereby assumes and shall bear the entire risk of loss and damage to the Equipment from any and every cause whatsoever. No loss or damage to the Equipment or any part thereof shall impair any obligation of the Lessee under this Lease which shall continue in full force and effect through the term of the Lease. B. . In the event of loss or damage of any kind whatever to the Equipment, the Lessee shall, at the Lessor's option: (i) a. Place the same in good repair, condition and working order; or (ii) b. Replace the same with like equipment in good repair, condition and working order; or (iii) c. Pay to Lessor the replacement cost of the Equipment.

Appears in 1 contract

Samples: Lease Agreement (GoldLand Holdings Corp.)

Loss and Damage. A. Lessee hereby assumes and shall bear the entire risk of loss and damage to the Equipment from any and every cause whatsoever. No loss or damage to the Equipment or any part thereof shall impair any obligation of Lessee under this Lease which shall continue in full force and effect through the term of the Lease. B. . In the event of loss or damage of any kind whatever to the Equipment, Lessee shall, at Lessor's option:. (i) A. Place the same in good repair, condition and working order; or. (ii) B. Replace the same with like equipment in good repair, condition and working order; or. (iii) C. Pay to Lessor the replacement cost of the EquipmentEquipment at the full list price.

Appears in 1 contract

Samples: Equipment Loan/Rental Agreement

Loss and Damage. A. Lessee hereby assumes and shall bear the entire risk of loss and damage to the Equipment from any and every cause whatsoever. No loss or damage to the Equipment or any part thereof shall impair any obligation of Lessee under this Lease which shall continue in full force and effect through the term of the Lease. B. In the event of loss or damage of any kind whatever to the Equipment, Lessee shall, at Lessor's ’s option: (i) Place the same in good repair, condition and working order; or (ii) Replace the same with like equipment in good repair, condition and working order; or (iii) Pay to Lessor the replacement cost of the Equipment.

Appears in 1 contract

Samples: Rental Agreement

Loss and Damage. A. (A) Lessee hereby assumes and shall bear the entire risk of loss and damage to the Equipment from any and every cause whatsoever. No loss or damage to the Equipment or any part thereof shall impair any obligation of Lessee under this Lease which shall continue in full force and effect through the term of the Lease. B. (B) In the event of loss or damage of any kind whatever to the Equipment, Lessee shall, at Lessor's option: (i’s option:(i) Place the same in good repair, condition and working order; or (ii) Replace the same with like equipment in good repair, condition and working order; or or (iii) Pay to Lessor the replacement cost of the EquipmentEquipment within five (5) days after demand by Lessor.

Appears in 1 contract

Samples: Lease Agreement

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Loss and Damage. A. Lessee hereby assumes and shall bear the entire risk of loss and damage to the Equipment and its contents from any and every cause whatsoever. No loss or damage to the Equipment or any part thereof shall impair relieve Lessee of any obligation of Lessee under this Lease Lease, which shall continue in full force and effect through the term of the Lease. B. . In the event of loss or damage of any kind whatever to the Equipment, Lessee shall, at Lessor's option:, (i) Place the same in good repair, condition and working order; or or (ii) Replace the same with like equipment in good repair, condition and working order; or (iii) Pay to Lessor the replacement cost of the EquipmentEquipment as determined by Lessor’s schedule of values.

Appears in 1 contract

Samples: Master Equipment Lease Agreement

Loss and Damage. A. Lessee LESSEE hereby assumes and shall bear the entire risk of loss and damage to the Equipment from any and every cause whatsoever. No loss or damage to the Equipment or any part thereof shall impair any obligation of Lessee LESSEE under this Lease which shall continue in full force and effect through the term of the Lease. B. In the event of loss or of damage of any kind whatever to the Equipment, Lessee LESSEE shall, at Lessor's LESSOR’S option: (ia) Place the same in good repair, condition and working order; or (iib) Replace the same with like equipment in good repair, condition and working order; or (iiic) Pay to Lessor LESSOR the replacement cost of the Equipment. (d) Continue to make all payments required by this agreement as scheduled.

Appears in 1 contract

Samples: Lease Agreement (Kentucky USA Energy, Inc.)

Loss and Damage. A. Lessee hereby assumes and shall bear the entire risk of loss and damage to the Equipment equipment from any and every cause whatsoever. No loss or damage to the Equipment equipment or any part thereof shall impair any obligation of Lessee under this Lease lease which shall continue in full force and effect through the term of the Lease. B. lease. In the event of loss or damage of any kind whatever whatsoever to the Equipmentequipment, Lessee shall, shall at Lessor's ’s option: (i) Place place the same in good repair, condition and working order; or (ii) Replace replace the same with like equipment in good repair, condition and working order; or (iii) Pay pay to Lessor the replacement cost of the Equipmentequipment.

Appears in 1 contract

Samples: Lease Agreement

Loss and Damage. A. Lessee hereby assumes and shall bear the entire risk of loss and damage to the Equipment from any and every cause whatsoever. No loss or damage to the Equipment or any part thereof shall impair any obligation of Lessee under this Lease which shall continue in full force and effect through the term of the Lease. B. In the event of loss or damage of any kind whatever to the Equipment, Lessee shall, at Lessor's option: (i) Place the same in good repair, condition and working order; or (ii) Replace the same with like equipment in good repair, condition and working order; or or (iii) Pay iii)Pay to Lessor the replacement cost of the Equipment.

Appears in 1 contract

Samples: Lease Agreement (Rescon Technology Corp)

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