Common use of Risk of Loss and Damage Clause in Contracts

Risk of Loss and Damage. Lessee is liable to Lessor for all damage to or loss or destruction of the equipment subsequent to its delivery to Lessee and prior to its return to Lessor except that caused by normal wear and deterioration. Normal wear and deterioration shall not include damage caused by forklifts or other handling equipment.

Appears in 3 contracts

Samples: Management Agreement (CAI International, Inc.), Management Agreement (CAI International, Inc.), Management Agreement (CAI International, Inc.)

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Risk of Loss and Damage. Lessee is liable to Lessor for all damage to or loss or destruction of the equipment subsequent to its delivery to Lessee and prior to its return to by Lessor except that caused by normal wear and deterioration. Normal wear and deterioration shall not include damage caused by forklifts or other handling equipment.

Appears in 2 contracts

Samples: Long Term Lease Agreement (C H Robinson Worldwide Inc), Long Term Lease Agreement (C H Robinson Worldwide Inc)

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