Loss risk of the leased automobile Sample Clauses

Loss risk of the leased automobile. 2.6.1 Within the term of lease, the lessee shall, in strict accordance with provisions of the manual on the leased automobile, reasonably use and operate the leased automobile and maintain it regularly in order to keep it in good working condition and appearance, and the expenses incurred thereby shall be borne by the lessee. 2.6.2 Within the term of lease, the lessee shall bear damage, loss and all the other risks of the leased automobile, mainly including damage, loss and loss of control (collectively referred to as “loss”) caused by fire, flood, storm, earthquake, robbery and accident during operation, movement and storage of the leased automobile. 2.6.3 In case of damage to the leased automobile in part, the lessee shall immediately notify the lessor, and the lessor shall be entitled to require the lessee to repair the leased automobile to a fully serviceable condition, or replace with an object of the same status, performance and value as the leased automobile, which has been approved by the lessor. All expenses involved shall be borne by the lessee. In case that the leased automobile is damaged or lost in whole or in part, the lessor shall be entitled to: 1) terminate this contract and require the lessee to immediately pay the overdue rent and fine, all the undue rent, liquidated damages and other payables; 2) require the lessee to replace the leased automobile at its own cost with an object approved by the lessor of the same status, performance and value as the leased automobile, and the ownership of such replaced leased automobile shall automatically become vested in the lessor. 2.6.4 The lessor may provide assistance for insurance contract disputes, property damage compensation disputes and other litigation or claims between the lessee and a third party, but the costs, litigation risks and risks of unsuccessful claims arising therefrom shall be borne by the lessee, and the lessee’s obligations to pay the rent and other payables and other obligations hereunder shall not be delayed or exempted due to any circumstance of the aforesaid litigation or claims.
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Related to Loss risk of the leased automobile

  • Comprehensive Automobile Liability Insurance for coverage of owned and non-owned and hired vehicles, trailers or semi-trailers designed for travel on public roads, with a minimum, combined single limit of One Million Dollars ($1,000,000) per occurrence for bodily injury, including death, and property damage.

  • Business Automobile Liability Insurance Such insurance shall cover liability arising out of any automobile used in connection with performance under the Contract, including owned, leased, hired and non-owned automobiles bearing or, under the circumstances under which they are being used, required by the Motor Vehicles Laws of the State of New York to bear, license plates.

  • Commercial General and Automobile Liability Insurance Commercial general liability insurance with a minimum per-occurrence limit of $2,000,000.00 for each of the following: bodily injury and property damage, personal injury and advertising injury, and products/completed operations; commercial automobile liability and/or non-owned automobile liability insurance with a combined single limit of no less than $1,000,000.00, with uninsured or underinsured automobile liability at $100,000.00 per person and $300,000.00 per occurrence; and

  • Comprehensive Automobile Liability Insurance for coverage of owned and non-owned and hired vehicles, trailers or semi-trailers designed for travel on public roads, with a minimum, combined single limit of One Million Dollars ($1,000,000) per occurrence for bodily injury, including death, and property damage.

  • Comprehensive Automobile Liability Insurance for coverage of owned and non-owned and hired vehicles, trailers or semi-trailers licensed for travel on public roads, with a minimum combined single limit of One Million Dollars ($1,000,000) each occurrence for bodily injury, including death, and property damage.

  • Business Automobile Liability Contractor shall maintain, during the entire term of the contract, automobile liability insurance in an amount not less than five hundred thousand dollars ($500,000.00) per occurrence.

  • All Risk Property Insurance (i) During construction, an All Risk Property insurance policy including earthquake and flood (with sublimits as appropriate) shall be maintained during the course of Work being performed and include Start-up and testing for installed equipment and delayed opening coverage. Such policy shall include coverage for materials and equipment while under the care, custody and control of the Seller during the course of Work, at the Site, offsite or while in transit to the Site.

  • Business Automobile Liability insurance with a combined Bodily Injury/Property Damage limit of not less than $1,000,000 each accident. The policy shall cover liability arising from the operation of licensed vehicles by policyholder.

  • Commercial Automobile Liability Insurance During the term of this Contract, Supplier will maintain insurance covering all owned, hired, and non-owned automobiles in limits of liability not less than indicated below. The coverage must be subject to terms no less broad than ISO Business Auto Coverage Form CA 0001 (2010 edition or newer), or equivalent. Minimum Limits: $1,000,000 each accident, combined single limit

  • Commercial General Liability and Automobile Liability Coverages a. The City of San Xxxx, its officers, employees, agents and contractors are to be covered as additional insureds as respects: Liability arising out of activities performed by or on behalf of, GRANTEE; products and completed operations of GRANTEE; premises owned, leased or used by XXXXXXX; and automobiles owned, leased, hired or borrowed by XXXXXXX. The coverage shall contain no special limitations on the scope of protection afforded to CITY, its officers, employees, agents and contractors. b. GRANTEE's insurance coverage shall be primary insurance as respects CITY, its officers, employees, agents and contractors. Any insurance or self-insurance maintained by CITY, its officers, employees, agents or contractors shall be excess of GRANTEE's insurance and shall not contribute with it. c. Any failure to comply with reporting provisions of the policies by GRANTEE shall not affect coverage provided CITY, its officers, employees, agents, or contractors. d. Coverage shall state that XXXXXXX's insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability. e. Coverage shall contain waiver of subrogation in favor of the City of San Xxxx, its officers, employees, agents and contractors.

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