Common use of Mechanical Breakdown Clause in Contracts

Mechanical Breakdown. During the Term of the Agreement, the Administrator will reimburse the approved cost of a Mechanical Breakdown of the Agreement Holder’s Watercraft less the Deductible. Overheating* Preignition Heat Cracked Heads Carbonized Rings Detonation Warped Heads Heat Collapsed Rings Burnt Valves All Engine Sensor Failures Scored Pistons Bent Valves Thermostat Failures Scored Cylinders Tuliped Valves Heat Cracked Block *Any overheating conditions created by raw water pump and/or impeller failures or those that do not result in a Mechanical Breakdown are not eligible for Coverage under this program. Lubricants Coolants Belts Spark Plugs Clamps Filters Hoses Engine Tuning Lake Test Sea Trial Shop Supplies Taxes per covered repair, per component group. Diesel engines are subject to a $100 deductible. In the event of a Mechanical Breakdown of a covered component listed in this Formula Guard Agreement booklet, the Agreement provides for the reimbursement of the cost of a Service Assist to include: on-water towing, hoist/lift-out, haul-out, dockside repair call, pick-up/delivery or like services if necessary in order to perform the covered repair. Reimbursement will be for up to a maximum of one (1) hour of the posted shop labor rate not to exceed $125 per claim occurrence and must be performed by an OEM authorized marine repair facility. Only one Service Assist can be applied per claim occurrence and Service Assist is not subject to a Deductible. The Service Assist benefit begins on the delivery date of your Watercraft and can be utilized during the OEM’s warranty period. See Reimbursement section on page 8 for specific reimbursement details on all approved claims categories.

Mechanical Breakdown. During the Term of the Agreement, the Administrator Obligor will reimburse the approved cost of a Mechanical Breakdown of the Agreement Holder’s Watercraft less the Deductible. Overheating* Preignition Heat Cracked Heads Carbonized Rings Detonation Warped Heads Heat Collapsed Rings Burnt Valves All Engine Sensor Failures Scored Pistons Bent Valves Thermostat Failures Scored Cylinders Tuliped Valves Heat Cracked Block *Any overheating conditions created by raw water pump and/or impeller failures or those that do not result in a Mechanical Breakdown are not eligible for Coverage under this program. Lubricants Coolants Belts Spark Plugs Clamps Filters Hoses Engine Tuning Lake Test Sea Trial Shop Supplies Taxes per covered repair, per component group. Diesel engines are subject to a $100 deductiblefirst owner of the Watercraft as registered with Formula. In the event of a Mechanical Breakdown of a covered component listed in this Formula Guard Agreement booklet, the Agreement provides for the reimbursement (subject to the below limitations) of the cost of a Service Assist to includeinclude the following: on-water towing, hoist/lift-out, haul-out, dockside repair call, pick-up/delivery or like services if necessary in order to perform the covered repair. Reimbursement Limitations: reimbursements will be for up to a maximum of one (1) hour of the posted shop labor rate not to exceed $125 per claim occurrence and must be performed by an OEM authorized marine repair facility. Only one Service Assist can be applied per claim occurrence and Service Assist is not subject to a Deductible. The Service Assist benefit begins on the delivery date of your Watercraft and can be utilized during the OEM’s warranty period. See Reimbursement section on page 8 for specific reimbursement details on all approved claims categories.

Mechanical Breakdown. During the Term of the Agreement, the Administrator Warrantor will reimburse the approved cost of a Mechanical Breakdown of the Agreement Holder’s Watercraft less the Deductible. Overheating* Preignition Heat Cracked Heads Carbonized Rings Detonation Warped Heads Heat Collapsed Rings Burnt Valves All Engine Sensor Failures Scored Pistons Bent Valves Thermostat Failures Scored Cylinders Tuliped Valves Heat Cracked Block *Any overheating conditions created by raw water pump and/or impeller failures or those that do not result in a Mechanical Breakdown are not eligible for Coverage under this program. Lubricants Coolants Belts Spark Plugs Clamps Filters Hoses Engine Tuning Lake Test Sea Trial Shop Supplies Taxes per covered repair, per component group. Diesel engines are subject to a $100 deductible. In the event of a Mechanical Breakdown of a covered component listed in this Formula Guard Agreement booklet, the Agreement provides for the reimbursement of the cost of a Service Assist to include: on-water towing, hoist/lift-out, haul-out, dockside repair call, pick-up/delivery or like services if necessary in order to perform the covered repair. Reimbursement will be for up to a maximum of one (1) hour of the posted shop labor rate not to exceed $125 per claim occurrence and must be performed by an OEM authorized marine repair facility. Only one Service Assist can be applied per claim occurrence and Service Assist is not subject to a Deductible. The Service Assist benefit begins on the delivery date of your Watercraft and can be utilized during the OEM’s warranty period. See Reimbursement section on page 8 for specific reimbursement details on all approved claims categories.