Damage Liability Amount definition

Damage Liability Amount means the amount that The Renter is liable to pay to The Company for damage/ loss, payable per incident based on the Damage and Theft Loss Waiver as it appears on the face of the Rental Agreement and subject to terms and conditions of this Agreement. "Writing / Written” includes by letter, e-mail, SMS, WhatsApp and or any form of electronic communication.
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Damage Liability Amount means the amount the Renter is liable to pay for damage/ loss based on the type of Waiver cover option selected which carry either an excess or security deposit and subject to terms and conditions of this agreement.
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Damage Liability Amount means the maximum amount the renter is liable to pay in the event of damage or theft of the motorcycle. This amount will be specified in your rental agreement and is subject to the exclusions in clause 10.
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Examples of Damage Liability Amount in a sentence

  • The Renter shall be liable for any and all loss/damage of, or to the Vehicle sustained by the Company, arising from any cause whatsoever, subject to the Damage Liability Amount payable, as described in the front page of the Rental Agreement, where applicable.

  • The Damage Liability Amount applicable to the STANDARD or SUPER WAIVER respectively is contained on the front page of the Rental Agreement for the Rental Period and is subject to the Terms and Conditions of this Rental Agreement.

  • To secure the performance of the Hirer’s obligations under the Hire Agreement, the Hirer shall provide a security bond equal to the Standard Damage Liability Amount as reduced by any Damage Liability Reduction Option accepted by the Hirer (Security Bond) prior to the commencement of the Hire Period.

Related to Damage Liability Amount

  • Related Liability Amount with respect to any Related Liability on the books of the Assuming Institution, means the amount of such Related Liability as stated on the Accounting Records of the Assuming Institution (as maintained in accordance with generally accepted accounting principles) as of the date as of which the Related Liability Amount is being determined. With respect to a liability that relates to more than one asset, the amount of such Related Liability shall be allocated among such assets for the purpose of determining the Related Liability Amount with respect to any one of such assets. Such allocation shall be made by specific allocation, where determinable, and otherwise shall be pro rata based upon the dollar amount of such assets stated on the Accounting Records of the entity that owns such asset.

  • Defect Liability Period in relation to a work means the specified period from the date of COMPLETION CERTIFICATE upto the date of issue of FINAL CERTIFICATE during which the CONTRACTOR stands responsible for rectifying all defects that may appear in the works executed by the CONTRACTOR in pursuance of the CONTRACT and includes warranties against Manufacturing/Fabrication/ Erection/Construction defects covering all materials plants, equipment, components, and the like supplied by the CONTRACTOR, works executed against workmanship defects.

  • Product Liability Claim means, with respect to a product, any Third Party claim, suit, action, proceeding, liability or obligation involving any actual or alleged death or bodily injury arising out of or resulting from the use of such product.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.