Risk of Loss and ValueMAX®Program. (a) You bear the entire risk of loss, theft, damage or destruction to the Equipment from the date of shipment by us until the Equipment is returned to, and received by, us, regardless of cause, ordinary wear and tear excepted (“Loss”). No Loss will relieve you of any of your obligations under this Lease. You must immediately notify us in writing of any Loss. To protect the Equipment from loss, you will either:
Appears in 6 contracts
Samples: State and Local Fair Market Value Lease Terms, State and Local, State and Local Operating Lease Terms