Common use of RISK AND INSURANCE Clause in Contracts

RISK AND INSURANCE. 5.1. The Equipment shall be at the risk of the Client from the time of delivery at the Venue or, if earlier, delivery to Client's carrier, until its return to CT's premises or, if earlier, possession is taken by CT's carrier. 5.2. Client shall at its own expense insure Equipment with an insurance company of repute (naming CT as a loss payee): against all loss or damage (whether or not the Client's or CT's fault) in an amount equal to its replacement cost new; and against liability for any continuing Fees under Clause 4.1 until earlier of: return of Equipment to CT in good working order and condition (fair wear and tear excepted) or (if not capable of economic repair) its replacement with equivalent new equipment; or receipt by CT of payment in full of its replacement cost new and all other sums due hereunder. 5.3. Client hereby irrevocably authorises CT in name and on behalf of Client (but at Client’s cost) to make any claims under the insurance in respect of loss of or damage to Equipment; to settle or compromise such claims; and to receive and give good discharge to insurers for any moneys payable. Client shall not do or allow to be done any act or thing whereby insurance of Equipment may be invalidated. 5.4. If Equipment is lost or damaged, Client shall notify CT forthwith, assist in making appropriate claims under such insurance and not without CT's consent settle or compromise any claim. 5.5. Client will on request at any time produce to CT the insurance policy and receipt for current premium. If Client fails to keep Equipment insured to CT's satisfaction or to produce policy or receipt or if CT so agrees in writing, CT may insure Equipment, in consideration of which Client will pay CT further sum equal to 12.5% of CT’s charges (before any discount) for relevant Equipment or Services. 5.6. CT accepts no responsibility for loss or damage to any equipment or materials of the Client or any third party, which CT may agree to store or transport, and any such equipment or materials shall at all times be at the Client's risk.

RISK AND INSURANCE. 5.1. The Equipment shall be at the risk of the Client from the time of delivery at the Venue or, if earlier, delivery to Client's carrier, until its return to CT's premises or, if earlier, possession is taken by CT's carrier. 5.2. Client shall at its own expense insure Equipment with an insurance company of repute (naming CT as a loss payee): against all loss or damage (whether or not the Client's or CT's fault) in an amount equal to its replacement cost new; and against liability for any continuing Fees under Clause 4.1 until earlier of: return of Equipment to CT in good working order and condition (fair wear and tear excepted) or (if not capable of economic repair) its replacement with equivalent new equipment; or receipt by CT of payment in full of its replacement cost new and all other sums due hereunder. 5.3. Client hereby irrevocably authorises CT in name and on behalf of Client (but at Client’s cost) to make any claims under the insurance in respect of loss of or damage to Equipment; to settle or compromise such claims; and to receive and give good discharge to insurers for any moneys payable. Client shall not do or allow to be done any act or thing whereby insurance of Equipment may be invalidated. 5.4. If Equipment is lost or damaged, Client shall notify CT forthwith, assist in making appropriate claims under such insurance and not without CT's consent settle or compromise any claim. 5.5. Client will on request at any time produce to CT the insurance policy and receipt for current premium. If Client fails to keep Equipment insured to CT's satisfaction or to produce policy or receipt or if CT so agrees in writing, CT may insure Equipment, in consideration of which Client will pay CT further sum equal to 12.5% of CT’s charges Fees (before any discount) for relevant Equipment or Services. 5.6. CT accepts no responsibility for loss or damage to any equipment or materials of the Client or any third party, which CT may agree to store or transport, and any such equipment or materials shall at all times be at the Client's risk.

RISK AND INSURANCE. 5.1. The Equipment shall be at the risk of the Client from the time of delivery at the Venue or, if earlier, delivery to Client's carrier, until its return to CT's premises or, if earlier, possession is taken by CT's carrier. 5.2. Client shall at its own expense insure Equipment with an insurance company of repute (naming CT as a loss payee/co-insured): against all loss or damage (whether or not the Client's or CT's fault) in an amount equal to its replacement cost new; and against liability for any continuing Fees Hire Charges under Clause 4.1 until earlier of: return of Equipment to CT in good working order and condition (fair wear and tear excepted) or (if not capable of economic repair) its replacement with equivalent new equipment; or receipt by CT of payment in full of its replacement cost new and all other sums due hereunder. 5.3. Client hereby irrevocably appoints and authorises CT as its agent and attorney in name and on behalf of Client (but at Client’s cost) , with full power and authority, to make any claims under the insurance in respect of loss of or damage to Equipment; to settle or compromise such claims; and to receive and give good discharge to insurers for any moneys payable. Client shall not do or allow to be done any act or thing whereby insurance of Equipment may be invalidated. 5.4. If Equipment is lost or damaged, Client shall notify CT forthwith, assist in making appropriate claims under such insurance and not without CT's consent settle or compromise any claim. 5.5. Client will on request at any time produce to CT the insurance policy and receipt for current premium. If Client fails to keep Equipment insured to CT's satisfaction or to produce policy or receipt or if CT so agrees in writing, CT may insure Equipment, in consideration of which Client will pay CT further sum equal to 12.5% of CT’s charges (before any discount) for relevant Equipment or Services. 5.6. CT accepts no responsibility for loss or damage to any equipment or materials of the Client or any third party, which CT may agree to store or transport, and any such equipment or materials shall at all times be at the Client's risk.

RISK AND INSURANCE. 5.1. The Equipment shall be at the risk of the Client from the time of delivery at the Venue or, if earlier, delivery to Client's carrier, until its return to CT's CT SPAIN premises or, if earlier, possession is taken by CT's CT SPAIN carrier. 5.2. Client shall at its own expense insure Equipment with an insurance company of repute (naming CT SPAIN as a loss payee): against all loss or damage (whether or not the Client's or CT's CT SPAIN fault) in an amount equal to its replacement cost new; and against liability for any continuing Fees under Clause 4.1 Hire Charges until earlier of: return of Equipment to CT SPAIN in good working order and condition (fair wear and tear excepted) or (if not capable of economic repair) its replacement with equivalent new equipment; or receipt by CT SPAIN of payment in full of its replacement cost new and all other sums due hereunder. 5.3. Client hereby irrevocably authorises CT SPAIN in name and on behalf of Client (but at Client’s cost) to make any claims under the insurance in respect of loss of or damage to Equipment; to settle or compromise such su ch claims; and to receive and give good discharge to insurers for any moneys payable. Client shall not do or allow to be done any act or thing whereby insurance of Equipment may be invalidated. 5.4. If Equipment is lost or damaged, Client shall notify CT SPAIN forthwith, assist in making appropriate claims under such insurance and not without CT's CT SPAIN consent settle or compromise any claim. 5.5. Client will on request at any time produce to CT SPAIN the insurance policy and receipt for current premium. If Client fails to keep Equipment insured to CT's CT SPAIN satisfaction or to produce policy or receipt or if CT SPAIN so agrees in writing, CT SPAIN may insure Equipment, in consideration of which Client will pay CT further sum equal to 12.5% of CT’s charges (before any discount) for relevant Equipment or Services. 5.6. CT SPAIN accepts no responsibility for loss or damage to any equipment or materials of the Client or any third party, which CT SPAIN may agree to store or transport, and any such equipment or materials shall at all times be at the Client's risk.

RISK AND INSURANCE. 5.1. The Equipment shall be at the risk of the Client from the time of delivery at the Venue or, if earlier, delivery to Client's carrier, until its return to CT's premises or, if earlier, possession is taken by CT's carrier. 5.2. Client shall at its own expense insure Equipment with an insurance company of repute (naming CT as a loss payee): against all loss or damage (whether or not the Client's or CT's fault) in an amount equal to its replacement cost new; and against liability for any continuing Fees Hire Charges under Clause 4.1 until earlier of: return of Equipment to CT in good working order and condition (fair wear and tear excepted) or (if not capable of economic repair) its replacement with equivalent new equipment; or receipt by CT of payment in full of its replacement cost new and all other sums due hereunder. 5.3. Client hereby irrevocably authorises CT in name and on behalf of Client (but at Client’s cost) to make any claims under the insurance in respect of loss of or damage to Equipment; to settle or compromise such claims; and to receive and give good discharge to insurers for any moneys payable. Client shall not do or allow to be done any act or thing whereby insurance of Equipment may be invalidated. 5.4. If Equipment is lost or damaged, Client shall notify CT forthwith, assist in making appropriate claims under such insurance and not without CT's consent settle or compromise any claim. 5.5. Client will on request at any time produce to CT the insurance policy and receipt for current premium. If Client fails to keep Equipment insured to CT's satisfaction or to produce policy or receipt or if CT so agrees in writing, CT may insure Equipment, in consideration of which Client will pay CT further sum equal to 12.5% of CT’s charges (before any discount) for relevant Equipment or Services. 5.6. CT accepts no responsibility for loss or damage to any equipment or materials of the Client or any third party, which CT may agree to store or transport, and any such equipment or materials shall at all times be at the Client's risk.

RISK AND INSURANCE. 5.1. The Equipment shall be at the risk of the Client from the time of delivery at the Venue or, if earlier, delivery to Client's carrier, until its return to CT's premises or, if earlier, possession is taken by CT's carrier. 5.2. Client shall at its own expense insure Equipment with an insurance company of repute (naming CT as a loss payee): against all loss or damage (whether or not the Client's or CT's fault) in an amount equal to its replacement cost new; and against liability for any continuing Fees Hire Charges under Clause 4.1 until earlier of: return of Equipment to CT in good working order and condition (fair wear and tear excepted) or (if not capable of economic repair) its replacement with equivalent new equipment; or receipt by CT of payment in full of its replacement cost new and all other sums due hereunder. 5.3. Client hereby irrevocably authorises CT in name and on behalf of Client (but at Client’s cost) to make any claims under the insurance in respect of loss of or damage to Equipment; to settle or compromise such claims; and to receive and give good discharge to insurers for any moneys payable. Client shall not do or allow to be done any act or thing whereby insurance of Equipment may be invalidated. 5.4. If Equipment is lost or damaged, Client shall notify CT forthwith, assist in making appropriate claims under such insurance and not without CT's consent settle or compromise any claim. 5.5. Client will on request at any time produce to CT the insurance policy and receipt for current premium. If Client fails to keep Equipment insured to CT's satisfaction or to produce policy or receipt or if CT so agrees in writing, CT may may, on reasonable notice, insure Equipment, in consideration of which Client will pay reimburse CT further sum equal to 12.5% of CT’s charges (before any discount) for relevant Equipment or Services.the cost obtaining such insurance 5.6. CT accepts no responsibility for loss or damage to any equipment or materials of the Client or any third party, which CT may agree to store or transport, and except to the extent that such loss or damage arises from breach or negligence by CT otherwise any such equipment or materials shall at all times be at the Client's risk.