Common use of Credit Clause in Contracts

Credit. The Buyer’s sole remedy and the Seller’s sole obligation and liability with respect to Inhouse Warranty Claims shall be the credit to the Buyer’s account of an amount equal to the mutually agreed direct labor costs expended in performing the repair of a Warranted Part and to the direct costs of materials incorporated in said repair, determined as set forth below:

Appears in 4 contracts

Samples: Purchase Agreement (Avolon Holdings LTD), A320 Purchase Agreement (Avolon Holdings LTD), Letter Agreement (China Eastern Airlines Corp LTD)

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Credit. The Buyer’s 's sole remedy remedy, and the Seller’s 's sole obligation and liability with liability, in respect to Inhouse of In-house Warranty Claims shall claims, will be the a credit to the Buyer’s 's account. The credit to the Buyer's account of an amount will be equal to the mutually agreed direct labor costs cost expended in performing the a repair of a Warranted Part and to the direct costs cost of materials incorporated in said associated with the repair, . Such costs will be determined as set forth below:.

Appears in 3 contracts

Samples: Letter Agreement (Us Airways Inc), Letter Agreement (Us Airways Inc), Letter Agreement (Us Airways Inc)

Credit. The Buyer’s sole remedy remedy, and the Seller’s sole obligation and liability with liability, in respect to Inhouse of In-house Warranty Claims shall Repair claims, will be the a credit to the Buyer’s account of an amount account. Such credit will be equal to the mutually agreed sum of the direct labor costs cost expended in performing the such repair of a Warranted Part and to the direct costs cost of materials incorporated in said the repair, . Such costs will be determined as set forth below:.

Appears in 3 contracts

Samples: Letter Agreement (Us Airways Inc), Letter Agreement (Us Airways Inc), Letter Agreement (Us Airways Inc)

Credit. The Buyer’s 's sole remedy remedy, and the Seller’s 's sole obligation and liability with liability, in respect to Inhouse of In-house Warranty Claims shall claims, will be the a credit to the Buyer’s 's account. The credit to the Buyer's account of an amount will be equal to the mutually agreed direct labor costs cost expended in performing the a repair of a Warranted Part and to the direct costs cost of materials incorporated in said the repair, . Such costs will be determined as set forth below:.

Appears in 3 contracts

Samples: Letter Agreement (Cit Group Inc), Letter Agreement (Cit Group Inc), A319 Purchase Agreement (Frontier Airlines Inc /Co/)

Credit. The Buyer’s sole remedy remedy, and the Seller’s sole obligation and liability with liability, in respect to Inhouse of In-house Warranty Claims shall Repair claims, will be the a credit to the Buyer’s account of an amount account. Such credit will be equal to the mutually agreed sum of the direct labor costs cost expended in performing the repair of a Warranted Part and to such repair, plus the direct costs cost of materials incorporated in said the repair, . Such costs will be determined as set forth below:.

Appears in 3 contracts

Samples: Letter Agreement (United Airlines, Inc.), Letter Agreement (Hawaiian Holdings Inc), Letter Agreement (United Air Lines Inc)

Credit. The Buyer’s sole remedy and the Seller’s sole obligation and liability with respect to Inhouse In-house Warranty Claims shall Repair claims will be the a credit to the Buyer’s account of in an amount equal to the mutually agreed direct labor costs expended in performing the repair of a Warranted Part and to such repair, plus the direct costs of materials incorporated in said repair, . Such costs shall be determined as set forth below:.

Appears in 2 contracts

Samples: Letter Agreement (Hawaiian Holdings Inc), Letter Agreement (Hawaiian Holdings Inc)

Credit. The Buyer’s 's sole remedy and the Seller’s sole obligation and liability with respect to Inhouse Warranty Claims shall be the credit to the Buyer’s account of an amount equal to the mutually agreed direct labor costs expended in performing the repair of a Warranted Part and to the direct costs of materials incorporated in said repair, determined as set forth below:

Appears in 2 contracts

Samples: Letter Agreement (China Southern Airlines Co LTD), Letter Agreement (China Southern Airlines Co LTD)

Credit. The Buyer’s sole remedy and the Seller’s sole obligation and liability with respect to Inhouse In-house Warranty Claims shall will be the warranty credit issued to the Buyer’s account of Buyer in an amount equal to the mutually agreed reasonable direct labor costs expended in performing the repair of a Warranted Part and to the direct costs of materials incorporated in said such repair, determined as set forth below:

Appears in 2 contracts

Samples: Letter Agreement (American Airlines Inc), Letter Agreement (American Airlines Inc)

Credit. The Buyer’s sole remedy and the Seller’s sole obligation and liability with respect to Inhouse Warranty Claims shall will be the credit to the Buyer’s account of an amount equal to the mutually agreed direct labor costs expended in performing the repair of a Warranted Part and to the direct costs of materials incorporated in said repair, determined as set forth below:

Appears in 2 contracts

Samples: Letter Agreement (Virgin America Inc.), Letter Agreement (Air Lease Corp)

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Credit. The Buyer’s Buyers' sole remedy remedy, and the Seller’s 's sole obligation and liability with liability, in respect to Inhouse of In-house Warranty Claims shall Repair claims, will be the a credit to the Buyer’s account of an amount Buyers' account. Such credit will be equal to the mutually agreed sum of the direct labor costs cost expended in performing the such repair of a Warranted Part and to the direct costs cost of materials incorporated in said the repair, . Such costs will be determined as set forth below:.

Appears in 2 contracts

Samples: Airbus A350 Purchase Agreement (Us Airways Group Inc), A350 Purchase Agreement (Us Airways Group Inc)

Credit. The Buyer’s sole remedy remedy, and the Seller’s sole obligation and liability with liability, in respect to Inhouse of In-house Warranty Claims shall claims, will be a credit from the Seller for goods and services, as provided for in Clause 12.1.1. This credit to the Buyer’s account of an amount will be equal to the mutually agreed sum of the direct labor costs cost expended in performing the a repair of a Warranted Part and to the direct costs cost of materials incorporated required in said performing the repair, . Such costs will be determined as set forth below:.

Appears in 1 contract

Samples: Letter Agreement (Flyi Inc)

Credit. The Buyer’s sole remedy remedy, and the Seller’s sole obligation and liability with liability, in respect to Inhouse of In-house Warranty Claims shall Repair claims, will be the a credit to the Buyer’s account of an amount account. Such credit will be equal to the mutually agreed sum of the direct labor costs cost expended in performing the repair of a Warranted Part and to such repair, plus the direct costs cost of materials incorporated in said the repair, . Such costs will be determined as set forth below:

Appears in 1 contract

Samples: Purchase Agreement (Intrepid Aviation LTD)

Credit. The Buyer’s sole remedy and the Seller’s sole obligation and liability with respect to Inhouse Warranty Claims shall be the credit to the Buyer’s account of an amount equal to the mutually agreed direct labor costs expended in performing the repair of a Warranted Part and to the direct costs of materials incorporated in said repair, repair determined as set forth below:

Appears in 1 contract

Samples: Letter Agreement (China Southern Airlines Co LTD)

Credit. The Buyer’s sole remedy and the Seller’s sole obligation and liability with respect to Inhouse Warranty Claims shall be the credit to the Buyer’s account of an amount equal to the mutually agreed direct labor costs expended in performing the repair of a Warranted Part and to the direct costs of materials incorporated in said repair, determined as set forth below:: AVOLON A320 Purchase Agreement December 2010

Appears in 1 contract

Samples: A320 Purchase Agreement (Avolon Holdings LTD)

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