Risk of Loss or Damage. The Lessee assumes all risk of loss or damage to the equipment from any cause and agrees to return it to the Lessor in the condition received from the Lessor, with the exception of normal wear and tear. The Lessor or their appointed agent will determine normal wear and tear. All determinations made by the Lessor are final. If the equipment is not returned to the Lessor for any reason, Lessee shall pay to the Lessor the Replacement Cost of the equipment. If no Replacement Cost is designated herein, Lessee shall pay the actual cost of replacing the equipment at the time of replacement.
Appears in 4 contracts
Samples: Equipment Lease and Rental Agreement, Equipment Lease Agreement, Equipment Lease Agreement
Risk of Loss or Damage. The Lessee assumes all risk of loss or damage to the equipment from any cause cause, and agrees to return it to the Lessor in the condition received from the Lessor, with the exception of normal wear and tear. The Lessor or their appointed agent will determine normal wear and tear. All determinations made by the Lessor are final. If the equipment is not returned to the Lessor for any reason, Lessee shall pay to the Lessor the Replacement Cost of the equipment. If no Replacement Cost is designated herein, Lessee shall pay the actual cost of replacing the equipment at the time of replacement.
Appears in 4 contracts
Samples: Mobile Archery Range Hire Agreement, Equipment Rental Agreement, Equipment Rental Agreement
