Common use of No Fault Found Clause in Contracts

No Fault Found. In the event that a BXXX Part returned under a Warranty claim is subsequently established to be serviceable then BXXX shall be entitled to charge and recover from Buyer any reasonable inspection, transportation, repair and other costs of a similar nature incurred by BXXX in connection with such Warranty claim. Providing, however, in the event that repetitive in-service failure occurs on the particular BXXX Part which is subsequently identified by BXXX on a repeated basis to be "no fault found," then BXXX and Buyer shall discuss and mutually agree a course of further action to help identify the problem. In the event the fault is ultimately confirmed to be a legitimate Warranty claim then the above mentioned costs, if incurred by BXXX will be borne by BXXX, and any such costs already paid by Buyer will be reimbursed by BXXX.

Appears in 3 contracts

Samples: Purchase Agreement (Atlantic Coast Airlines Inc), Letter Agreement (Atlantic Coast Airlines Inc), Letter Agreement (Atlantic Coast Airlines Inc)

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No Fault Found. In the event that a BXXX XXXX Part returned under a Warranty claim is subsequently established to be serviceable then BXXX XXXX shall be entitled to charge and recover from Buyer any reasonable inspection, transportation, repair and other costs of a similar nature incurred by BXXX XXXX in connection with such Warranty claim. Providing, however, in the event that repetitive in-service failure occurs on the particular BXXX XXXX Part which is subsequently identified by BXXX XXXX on a repeated basis to be "no fault found," then BXXX XXXX and Buyer shall discuss and mutually agree a course of further action to help identify the problem. In the event the fault is ultimately confirmed to be a legitimate Warranty claim then the above mentioned costs, if incurred by BXXX XXXX will be borne by BXXXXXXX, and any such costs already paid by Buyer will be reimbursed by BXXXXXXX.

Appears in 1 contract

Samples: Letter Agreement (Atlantic Coast Airlines Holdings Inc)

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