Common use of Loss of or Damage to Equipment Clause in Contracts

Loss of or Damage to Equipment. You are responsible for loss, damage or destruction of the Equipment in your care, custody or control, including but not limited to losses while in transit, while loading and unloading, while at any and all locations, while in Your storage, while on Your premises, and while being used by You in any manner whatsoever, including damage or destruction of the Equipment caused by the active or passive negligence of Us, except that You are not responsible for damage to or loss of the Equipment caused by Our sole negligence or willful misconduct. If by agreement, We deliver or pick up rented equipment to or from You, You shall be responsible for all loss and/or damages to the equipment from time of delivery until equipment is actually picked up and/or returned to our facility. Acceptance of the return of the rented equipment does not waive claims against renter for latent or hidden damage to equipment. You are also responsible for actual and verifiable loss of use and You shall fully compensate Us for the loss of use of the Equipment during the time it is being repaired or replaced, as applicable.

Loss of or Damage to Equipment. You are responsible for loss, damage or destruction of the Equipment in your care, custody or control, including but not limited to losses while in transit, while loading and unloading, while at any and all locations, while in Your storage, while on Your premises, and while being used by You in any manner whatsoever, including damage or destruction of the Equipment caused by the active or passive negligence of Us, except that You are not responsible for damage to or loss of the Equipment caused by Our sole negligence or willful misconduct. If by agreement, We deliver or pick up rented equipment to or from You, You shall be responsible for all loss and/or damages to the equipment from time of delivery until equipment is actually picked up and/or returned to our facility. Acceptance of the return of the rented equipment does not waive claims against renter for latent or hidden damage to equipment. You are also responsible for actual and verifiable loss of use use, and You shall fully compensate Us for the loss of use of the Equipment during the time it is being repaired or replaced, as applicable.