Risk of Loss. The risk for loss shall remain with the Contractor until any Goods that may be required to be delivered pursuant to this Contract or the Bid Documents are delivered to the Authority in accordance with the terms hereof. Contractor shall carry on the work of furnishing and delivering the Goods at Contractor’s own risk and expense until the same is fully completed and accepted by the Authority and shall be solely liable and responsible for the safety and security thereof.
Risk of Loss. All TENANTS' personal property shall be at the risk of the TENANT or owner thereof and LANDLORD shall not be liable for any damage to said personal property of the TENANT arising from criminal acts, fire, storm, flood, rain or wind damage, acts of negligence of any person whomsoever, or from the bursting or leaking of water pipes. TENANT is strongly urged to secure insurance for personal property.
Risk of Loss. All property placed in the Double Log Cabin by CLIENT, or CLIENT’s agents, servants, employees, customers, and guests, shall be at the sole and only risk of CLIENT. USI/HNH shall not be responsible to CLIENT, nor CLIENT’s agents, servants, employees, customers and guests for any damage or loss thereof, or for any fire, theft, burglary or embezzlement thereof and CLIENT shall indemnify, hold harmless and defend USI/HNH from and against any and all costs, expenses (including reasonable counsel fees), liabilities, losses, damages, suits, actions, claims, or demands of any kind asserted by or on behalf of CLIENT or any of CLIENT’s agents, servants, employees, customers, or guests or any such damage or loss, or for any such fire, theft, burglary or embezzlement, unless such damage or loss is due to USI/HNH’s intentional or grossly negligent acts. Holiday Rental: Rental on state or national holidays will result in increased fees for site management and maintenance. Availability: There are two rooms available at the Double Log Cabin for small meetings and receptions. All events must end before 12:00 a.m. (midnight). Events that do not end before 12:00 a.m. (midnight) will result in additional charges to the CLIENT of $100.00 per hour. Arrangements to view the facility or set-up times must be arranged through USI/HNH’s administrative office at (000) 000-0000. Smoking: Smoking is strictly prohibited in buildings and on grounds of all University of Southern Indiana/Historic New harmony own properties. Violation of the smoking policy will result in an additional charge of $100. Decorations: Table decoration only. Candles and fireplaces may be used with prior notice. No interior or exterior space may be used for hanging decorations of any kind. Catering: Caterer must be approved by the USI/HNH administrative office. Caterers must remove all caterer-supplied tables and chairs immediately after the event. If caterer-supplied rental items cannot be removed from the building, the items must be broken down and stored so as not to interfere with the USI/HNH operations. Failure to remove catering supplies in a timely fashion will result in additional charges to the CLIENT based on maintenance time spent in removing items. Clean-up: CLIENT and/or caterer are to provide trash bags for the removal from
Examples of Risk of Loss in a sentence
Partner Nonrecourse Deductions for any taxable period shall be allocated 100% to the Partner that bears the Economic Risk of Loss with respect to the Partner Nonrecourse Debt to which such Partner Nonrecourse Deductions are attributable in accordance with Treasury Regulation Section 1.704-2(i).
If more than one Partner bears the Economic Risk of Loss with respect to a Partner Nonrecourse Debt, such Partner Nonrecourse Deductions attributable thereto shall be allocated between or among such Partners in accordance with the ratios in which they share such Economic Risk of Loss.
The rights and obligations of the Parties that, by their nature, would continue beyond the expiration or termination of this Agreement, e.g., "Liability and Risk of Loss" and "Intellectual Property Rights"-related clauses shall survive such expiration or termination of this Agreement.
The rights and obligations of the Parties that, by their nature, would continue beyond the expiration or termination of this Agreement, e.g., "Liability and Risk of Loss", "Intellectual Property Rights"-related clauses, and "Financial Obligations" shall survive such expiration or termination of this Agreement.
If more than one Partner bears the Economic Risk of Loss with respect to a Partner Nonrecourse Debt, the Partner Nonrecourse Deductions attributable thereto shall be allocated between or among such Partners in accordance with the ratios in which they share such Economic Risk of Loss.
More Definitions of Risk of Loss
Risk of Loss means the term used to determine which party should bear the risk of damage or destruction occurring to the Contract Products or Contract Work after the sale has been made, but before delivery has occurred.
Risk of Loss. All risk of loss or damage to the Property shall be borne by Seller until Closing. TIME IS OF THE ESSENCE: Time is of the essence regarding the dates set forth in this transaction. Extensions must be agreed to in writing and by all parties. Performance under each section and paragraph of this Contract which references a date shall be required absolutely by 5:00 p.m. Pacific Time on the stated date.
Risk of Loss herein shall include, without limitation, the entire risk of any loss, theft, damage to, or destruction of any unit of Equipment from any cause whatsoever.
Risk of Loss. If subject property is damaged prior to transfer of title, Xxxxx has the option of accepting any insurance proceeds with title to the property in "as is" condition or of canceling this contract and accepting the return of the xxxxxxx money deposit.
Risk of Loss. Risk of loss prior to closing shall be borne by Seller.
A. If between the time of execution of this Agreement and the time of closing, the Property is damaged by fire or other casualty the following shall apply, at Buyer's option:
1. Upon receipt of applicable insurance proceeds, Seller shall have the obligation to repair or replace the damaged improvements built upon the Real Property. If Buyer requires, Seller shall make such repairs or replacements and this Agreement shall continue in full force and effect and the Seller shall be entitled to extend the closing for a reasonable additional period of time so as to enable Seller to complete such repairs or replacements; or
2. Buyer may notify Seller that Buyer would rather that Seller not repair or replace any such loss or damage and Seller shall assign all right to and in any and all proceeds received from insurance or in satisfaction of any claims or actions in connection with such loss or damage and upon such assignment Buyer shall close without any purchase price reduction.
3. In the event the cost of repairs is in excess of $100,000.00, either Seller or Buyer shall have the right to cancel this Agreement in which event, this Agreement shall be deemed canceled and of no further force or effect. Buyer shall be refunded its deposit monies, without further notice, and the parties shall be released and discharged of all claims and obligations hereunder.
Risk of Loss. All TENANTS' personal property in and on the premises including but not limited to vehicles shall be at the risk of the TENANT, and LANDLORD shall not be liable for any damage to said personal property of the TENANT arising from criminal acts, fire, storm, trees and branches, flood, rain or wind damage, electrical surges, acts of negligence of any person whomsoever, or from the bursting or leaking of water pipes. LANDLORD shall not be responsible for the loss of any food in the event of a refrigerator or freezer failure, defect or electrical failure. TENANT is strongly urged to secure insurance for personal property.
Risk of Loss. Pursuant to the Master Lease, Lessor and Lessee agree that the risk of loss is the responsibility of the Lessee.