Common use of Product Warranty; Product Liability Clause in Contracts

Product Warranty; Product Liability. (a) Except as set forth on Schedule 3.23 of the Disclosure Schedule, each product manufactured, sold or delivered by or on behalf of the Business to which an unexpired warranty for which the Company or the Business is liable has been in conformity in all material respects with all product specifications and all express and implied warranties. Neither Seller nor the Company has any material liability for replacement or repair of any such products or other damages in connection therewith or any other customer or product obligations not reserved against on the Balance Sheet. Neither Seller nor the Company has sold any products or delivered any services that included a warranty for a period of longer than three years.

Appears in 2 contracts

Samples: Stock Purchase Agreement (M/a-Com Technology Solutions Holdings, Inc.), Stock Purchase Agreement (Autoliv Inc)

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Product Warranty; Product Liability. (a) Except as set forth on Schedule 3.23 5.30(a) of the Disclosure Schedule, each product manufactured, sold or delivered by or on behalf of the Business to which an unexpired warranty for which the Company or any of the Subsidiaries in conducting the Business is liable has been in conformity in all material respects with all product specifications and all express and implied warranties. Neither Seller nor the Company nor any of the Subsidiaries has any material liability for replacement or repair of any such products or other damages in connection therewith or any other customer or product obligations not reserved against on the Balance Sheet. Neither Seller nor the Company nor any of the Subsidiaries has sold any products or delivered any services that included a warranty for a period of longer than three years18 months.

Appears in 2 contracts

Samples: Share Purchase Agreement (Warner Electric International Holding, Inc.), Share Purchase Agreement (Altra Industrial Motion, Inc.)

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Product Warranty; Product Liability. (a) Except as set forth on Schedule 3.23 of the Disclosure Schedule5.23, each product manufactured, sold or delivered by or on behalf of the Business to which an unexpired warranty for which the Company or any of the other Group Companies in conducting the Business is liable has been in conformity in all material respects with all product specifications and all express and implied warrantieswarranties and, to the Knowledge of Seller, all applicable Laws. Neither Seller nor None of the Company Group Companies has any material liability for replacement or repair of any such products or other damages in connection therewith or any other customer or product obligations not reserved against on the Balance Sheet. Neither Seller nor None of the Company Group Companies has sold any products or delivered any services that included a warranty for a period of longer than three yearsone (1) year.

Appears in 1 contract

Samples: LLC Membership Interest Purchase Agreement (Fushi International Inc)

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