Common use of Replace or Repair Clause in Contracts

Replace or Repair. 6.1 When a claim is submitted under the Product Warranty or Performance Warranty, LG Energy Solution shall decide whether to (i) repair, or (ii) replace the defective ‘Products’ with refurbished parts equal in value. 6.2 The ‘Warranty’ period for the repaired or replaced part/product shall be the remainder of the warranty period for the original part/product. 6.3 Subject to the requirements of any law, no obligation for LG Energy Solution to indemnify or compensate ‘Buyers’ for any damages which shall arise out of Product Warranty or Performance Warranty unless otherwise explicitly specified herein. 6.4 The ‘Warranty’ for defective products are only valid when they have been repaired or replaced by personnel appointed by LG Energy Solution. In the event the ‘Products’ are no longer commercially available, LG Energy Solution, at its option, may complete the replacement with alternative equipment deemed to be equivalent in function and performance, or refund the remaining depreciated value of the purchase price of the ‘Products’ during the Free Warranty Period as set out in the Compensation Scheme below. The Purchase Price of the Product is defined by the price paid, in local currency, by the ‘Reseller’ or ‘Certified Installer’.  Residual value in [Local Currency] = purchasing price in [Local Currency] / 120 x (120 - Operation time after installation in month)  No warranty of performance will be provided from the 121st month

Replace or Repair. 6.1 When a claim is submitted under the Product Warranty or Performance Warranty, LG Energy Solution shall decide whether to (i) repair, or (ii) replace the defective ‘Products’ with refurbished parts equal in value. 6.2 The ‘Warranty’ period for the repaired or replaced part/product shall be the remainder of the warranty period for the original part/product. 6.3 Subject to the requirements of any law, no obligation for LG Energy Solution to indemnify or compensate ‘Buyers’ for any damages which shall arise out of Product Warranty or Performance Warranty unless otherwise explicitly specified herein. 6.4 The ‘Warranty’ for defective products are only valid when they have been repaired or replaced by personnel appointed by LG Energy Solution. In the event the ‘Products’ are no longer commercially available, LG Energy Solution, at its option, may complete the replacement with alternative equipment deemed to be equivalent in function and performance, or refund the remaining depreciated value of the purchase price of the ‘Products’ during the Free Warranty Period as set out in the Compensation Scheme below. The Purchase Price of the Product is defined by the price paid, in local currency, by the ‘Reseller’ or ‘Certified Installer’.  • Residual value in [Local Currency] = purchasing price in [Local Currency] / 120 x (120 - Operation time after installation in month)  • No warranty of performance will be provided from the 121st month

Replace or Repair. 6.1 5.1 When a claim is submitted under the Product Warranty or Performance Warranty, LG Energy Solution shall decide whether to (i) repair, or (ii) replace the defective ‘Products’ with refurbished parts equal in value. 6.2 5.2 The ‘Warranty’ period for the repaired or replaced part/product shall be the remainder of the warranty period for the original part/product. 6.3 5.3 Subject to the requirements of any law, no obligation for LG Energy Solution to indemnify or compensate ‘Buyers’ for any damages which shall arise out of Product Warranty or Performance Warranty unless otherwise explicitly specified herein. 6.4 5.4 The ‘Warranty’ for defective products are only valid when they have been repaired or replaced by personnel appointed by LG Energy Solution. In the event the ‘Products’ are no longer commercially available, LG Energy Solution, at its option, may complete the replacement with alternative equipment deemed to be equivalent in function and performance, or refund the remaining depreciated value of the purchase price of the ‘Products’ during the Free Warranty Period as set out in the Compensation Scheme below. The Purchase Price of the Product is defined by the price paid, in local currency, by the ‘Reseller’ or ‘Certified Installer’.  • Residual value in [Local Currency] = purchasing price in [Local Currency] / 120 x (120 - Operation time after installation in month)  • No warranty of performance will be provided from the 121st month

Replace or Repair. 6.1 When a claim is submitted under the Product Warranty or Performance Warranty, LG GM Energy Solution shall decide whether to (i) repair, or (ii) replace the defective ‘Products’ with refurbished parts equal in value. 6.2 The ‘Warranty’ period for the repaired or replaced part/product shall be the remainder of the warranty period for the original part/product. 6.3 Subject to the requirements of any law, no obligation for LG GM Energy Solution to indemnify or compensate ‘Buyers’ for any damages which shall arise out of Product Warranty or Performance Warranty unless otherwise explicitly specified herein. 6.4 The ‘Warranty’ for defective products are only valid when they have been repaired or replaced by personnel appointed by LG Energy SolutionGM Energy. In the event the ‘Products’ are no longer commercially available, LG Energy SolutionGM Energy, at its option, may complete the replacement with alternative equipment deemed to be equivalent in function and performance, or refund the remaining depreciated value of the purchase price of the ‘Products’ during the Free Warranty Period as set out in the Compensation Scheme below. The Purchase Price of the Product is defined by the price paid, in local currency, by the ‘Reseller’ or ‘Certified Installer’.  The purchase price mentioned hereinabove is defined by the price paid by the ‘Buyer’ or ‘Certified Installer’ for the purchase. • Residual value in [Local Currency] = purchasing price in [Local Currency] / 120 x (120 - Operation time after installation in month)  • No warranty of performance will be provided from the 121st month