Risk of Loss, Damage or Destruction. Obligor hereby assumes all ------------------------------------ risk of loss, damage, theft, taking, destruction, confiscation, requisition or commandeering, partial or complete, of or to each Item of Equipment, however caused or occasioned, such risk to be borne by Obligor with respect to each Item of Equipment from the date of this Agreement, and continuing until such Item of Equipment has been delivered to Obligee in accordance with the provisions of Section 6 hereof or Obligee's interest therein has been purchased by Obligor in accordance with the provisions of Section 28 hereof. Obligor agrees that no occurrence specified in the preceding sentence shall impair, in whole or in part, any obligation of Obligor under this Agreement, including, without limitation, the obligation to pay Payments.
Risk of Loss, Damage or Destruction. Lessee hereby assumes all risk of loss, damage, theft, taking, destruction, confiscation, requisition or commandeering, partial or complete, of or to each Item of Equipment ("Loss, Damage or Destruction"), however caused or occasioned except for Loss, Damage or Destruction caused by the gross negligence or willful misconduct of Lessor, such risk to be borne by Lessee with respect to each Item of Equipment from the date of this Lease Agreement, and continuing until such Item of Equipment has been returned to Lessor in accordance with the provisions of Section 6, the rights and interests in which have been transferred to Lessee in accordance with the provisions of Section 28.2, 28.4, or 28.5 or has been sold in accordance with Section 28.3.
Risk of Loss, Damage or Destruction. At all times during the Lease Term for each Property, the Lessee bears all risk of loss, damage, theft, taking, destruction, confiscation, requisition or commandeering, partial or complete, of or to such Property or any part thereof, however caused or occasioned, such risk to be borne by the Lessee from the Acquisition Date for such Property and continuing until such Property has been returned to the Lessor in accordance with the provisions of this Master Lease or has been purchased by the Lessee or another Person in accordance with the provisions of this Master Lease. The Lessee agrees that no occurrence specified in the preceding sentence shall impair, in whole or in part, any obligation of the Lessee under this Master Lease, including the obligation to pay Rent.
Risk of Loss, Damage or Destruction. At all times (x) during the Basic Lease Term for each Property and (y) subject to Section 5.4 of the Construction Agency Agreement and to the extent arising from acts or omissions of the Lessee while located on, in possession of (whether directly or through its sublessees), controlling or acting or failing to act with respect to, the applicable Property or arising from fraud, misapplication of funds, illegal acts or illegal omissions or willful misconduct of the Lessee, during the Interim Lease Term for each Uncompleted Property, the Lessee bears all risk of loss, damage, theft, taking, destruction, confiscation, requisition or commandeering, partial or complete, of or to such Property or any part thereof, however caused or occasioned, such risk to be borne by the Lessee from the Acquisition Date for such Property and continuing until such Property has been returned to the Lessor in accordance with the provisions of this Master Lease and the Construction Agency Agreement or has been purchased by the Lessee or another Person in accordance with the provisions of this Master Lease and the
Risk of Loss, Damage or Destruction. Lessee hereby assumes all risk of loss, damage, theft, taking, destruction, confiscation, requisition or commandeering, partial or complete, of or to each Item of Equipment, however caused or occasioned, such risk to be borne by Lessee with respect to each Item of Equipment from the date of this Lease, and continuing until such Item of Equipment has been returned to Lessor in accordance with the provisions of Section 6 hereof or has been purchased by Lessee in accordance with the provisions of Section 29(b) hereof. Lessee agrees that no occurrence specified in the preceding sentence shall impair, in whole or in part, any obligation of Lessee under this Lease, including, without limitation, the obligation to pay Rent.
Risk of Loss, Damage or Destruction. Risk of loss or damage to, or destruction of, the goods shall be borne by the Vendor until physical delivery of the goods has been completed in accordance with the Purchase Order.
Risk of Loss, Damage or Destruction. Tenant assumes all ----------------------------------- risk of loss, damage or destruction of the contents of said building and of or to other property brought upon the Leased Premises by the Tenant or by any other persons with the knowledge or consent of the Tenant and of or to property in proximity to thee Leased Premises when connected with or incidental to the occupation thereof.
Risk of Loss, Damage or Destruction. (a) At all times that any Property is subject to the provisions of this Master Lease, the Lessee bears all risk of loss, damage, theft, taking, Master Lease destruction, confiscation, requisition or commandeering, partial or complete, of or to such Property or any part thereof, however caused or occasioned. The Lessee agrees that no occurrence specified in the preceding sentence shall affect, in whole or in part, any obligation of the Lessee under this Master Lease, including the obligation to pay Rent. Without limiting the generality of the foregoing, in the event that during the Lease Term the use of any Property is requisitioned or taken by any Governmental Authority under the power of eminent domain or otherwise for a period which does not constitute an Event of Loss, all of Lessee's obligations under the Operative Documents, including the Lessee's obligation to pay all installments of Basic Rent, shall continue for the duration of such requisitioning or taking.
(b) If any Event of Loss occurs and such Event of Loss does not constitute a Lease Event of Default under Section 16.1(p), then the Lessee shall exercise its Replacement Option or its Termination Option, in each case with respect to the affected Property, and shall consummate such replacement or termination no later than sixty (60) days following the occurrence of such Event of Loss.
Risk of Loss, Damage or Destruction. (a) Between the date of this Agreement and Closing, the risks and obligations of ownership and loss of the Property and the correlative rights against insurance carriers and third parties shall belong to Seller. If any portion of the Property is damaged or destroyed by casualty prior to Closing, Seller shall give Buyer written notice within five (5) days thereof. If any Material Portion (as defined below) of the Property is damaged or destroyed by casualty prior to Closing, Buyer shall have the right, at Buyer’s option, to terminate this Agreement by giving written notice to Seller on or before the Closing, in which event, the Exxxxxx Money shall be paid to Buyer, all rights and obligations of the parties under this Agreement shall expire, and this Agreement shall become null and void. In the event less than a Material Portion of the Property is damaged or destroyed prior to Closing, Buyer shall have no right to terminate this Agreement by reason of such damage or destruction. For purposes of this Agreement, “Material Portion” shall mean damage or destruction or loss by taking for which the cost of repair or value is reasonably estimated by Buyer to exceed $100,000.00.
Risk of Loss, Damage or Destruction. Artist understands and agrees that the University is not responsible for loss, damage or destruction of the artwork. Artist agrees to hold the University harmless for any and all damage to or destruction of any item listed in Exhibit 1, during such time the items in Exhibit 1 are in the University’s possession.
