Common use of Risk of Loss/Damage Clause in Contracts

Risk of Loss/Damage. All risk of loss or damage of the Products will pass to the Seller when the Products are in the Seller’s physical possession. The Seller shall insure the Products against all risks against which such goods are customarily insured, including insurance for theft and damage, and provide evidence of that insurance coverage to the Consignor as and when requested. If the Products are damaged or lost while in the Seller’s physical possession, a Product Sale will be deemed to have occurred and the Seller shall reimburse the Consignor the amount of the damaged or lost Products’ respective Retail Prices, less the Seller’s Commission.

Risk of Loss/Damage. All risk of loss or damage of the Products will pass to the Seller when the Products are in the Seller’s 's physical possession. The Seller shall insure the Products against all risks against which such goods are customarily insured, including insurance for theft and damage, and provide evidence of that insurance coverage to the Consignor as and when requested. If the Products are damaged or lost while in the Seller’s 's physical possession, a Product Sale will be deemed to have occurred and the Seller shall reimburse the Consignor the amount of the damaged or lost Products’ ' respective Retail Prices, less the Seller’s 's Commission.

Risk of Loss/Damage. All risk of loss or damage of the Products will pass to the Seller when the Products are in the Seller’s physical possession. The Seller shall insure the Products against all risks against which such goods are customarily insured, including insurance for theft and damage, and provide evidence ev- idence of that insurance coverage to the Consignor as and when requested. If the Products are damaged or lost while in the Seller’s physical possession, a Product Sale will be deemed to have occurred and the Seller shall reimburse the Consignor the amount of the damaged or lost ProductsProd- ucts’ respective Retail Prices, less the Seller’s Commission.