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

Loss of or Damage to Equipment. Once the Equipment is in your complete custody and control, you are responsible for loss, damage or destruction of the Equipment that results from your negligence or willful misconduct, including but not limited to losses while in transit by you, while loading and unloading by you, while at any and all of your locations, while in storage by you and while on your premises, except that you are not responsible for damage to or loss of the Equipment caused by our negligence or willful misconduct or a defect in the Equipment. You are also responsible for “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 if such repair or replacement is due to the negligence or willful misconduct on your part.

Loss of or Damage to Equipment. Once the Equipment is in your complete custody and control, you You are responsible for loss, damage or destruction of the Equipment that results from your negligence or willful misconductEquipment, including but not limited to losses while in transit by youxxxx- sit, while loading and unloading by youunloading, while at any and all of your locations, while in storage by you storage, while on Your premises, and while on your premisesbeing 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 You are not responsible for damage to or loss of the Equipment caused by our Our sole negligence or willful misconduct or a defect in the Equipmentmisconduct. You are also responsible for “actual and verifiable loss of use” use and you You shall fully compensate us Us for the “loss of use” use of the Equipment during the time it is being repaired or replaced if such repair or replacement is due to the negligence or willful misconduct on your partreplaced, as applicable.

Loss of or Damage to Equipment. Once the Equipment is in your complete custody and control, you You are responsible for loss, damage (reasonable wear and tear excepted) or destruction of the Equipment that results from your negligence or willful misconductonce the Equipment is in Your possession, including but not limited to losses while in transit by youtransit, while loading and unloading by youunloading, while at any and all of your locations, while in storage by you storage, while on Your premises, and while on your premisesbeing used by You in any manner whatsoever, except that you You are not responsible for damage to or loss of the Equipment caused by our Our negligence or willful misconduct or a defect in the Equipmentbreach of this Agreement. You are also responsible for “actual and verifiable loss of use” use and you You shall fully compensate us Us for the “loss of use” use of the Equipment during the time it is being repaired or replaced if such repair or replacement is due to the negligence or willful misconduct on your partreplaced, as applicable.