Common use of LOSS DAMAGE WAIVER Clause in Contracts

LOSS DAMAGE WAIVER. If the Lessee accepts the Loss Damage Waiver (Lessee is deemed to accept unless it declines where indicated on the front of this Agreement) and paying the additional fee specified thereon, the Lessor will waive its claim against the Lessee under paragraph 6 hereof for loss of or damage to the Equipment (except as set out in paragraph 13 below) for any amount in excess of the following: A. For Theft: The greater of 500.00 or up to a max of 10% of the retail purchase price of new Equipment.

Appears in 2 contracts

Samples: Master Agreement, Master Agreement

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LOSS DAMAGE WAIVER. If Unless declined on the reverse of this Agreement, the Lessee accepts the Loss Damage Waiver (Lessee is deemed to accept unless it declines where indicated on the front of this Agreement) and paying the at an additional fee specified thereon, the fee. The Lessor will waive its claim against the Lessee under paragraph 6 hereof 5 for loss of or damage to the Equipment (except as set out outlined in paragraph 13 12 below) for any amount in excess of the following: A. For Theft: The greater of 500.00 or up to a max of 10% of the retail purchase price of new EquipmentEquipment or the current insurance deductible of the Lessor (whichever is greater).

Appears in 1 contract

Samples: Rental Agreement

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LOSS DAMAGE WAIVER. If the Lessee accepts the Loss Damage Waiver (Lessee is deemed to accept unless it declines where indicated on the front of this Agreement) and paying the additional fee specified thereon, the Lessor will waive its claim against the Lessee under paragraph 6 hereof for loss of or damage to the Equipment (except as set out in paragraph 13 below) for any amount in excess of the following: A. For Theft: The greater of 500.00 or up to a max of 10% of the retail purchase price of new Equipment. B. For Damage: 10% of the cost of the repairs to the Equipment.

Appears in 1 contract

Samples: Rental Agreement

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