Common use of Warranties; Products Clause in Contracts

Warranties; Products. SCHEDULE 5.30 sets forth a description of all the product and service warranties and guarantees given by the Company to any customer in connection with the sale or distribution of its products and services. Except as described on SCHEDULE 5.30, (i) no claims have been made or are, to the Knowledge of the Company, Threatened under the Company's product or service warranties, (ii) to the Knowledge of the Company, there exists no event or circumstance, which after notice or the passage of time or both, might create or result in liabilities or obligations under the Company's product warranties in excess of the liabilities and obligations incurred by the Company, on average, during the past two years, and (iii) to the Knowledge of the Company, there is no design or other defect in any type of product or service of the Company, including, without limitation, any software programming that would cause the products or services delivered by the Company to not be Year 2000 Compliant. The warranty reserves reflected on the Company Financial Statements are set forth on SCHEDULE 5.30 and are reasonable for all warranty claims.

Appears in 2 contracts

Samples: Agreement and Plan of Organization (Luminant Worldwide Corp), Agreement and Plan of Organization (Luminant Worldwide Corp)

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Warranties; Products. SCHEDULE 5.30 sets forth a description of all the product and service warranties and guarantees given by the Company to any customer in connection with the sale or distribution of its products and services. Except as described on SCHEDULE 5.30, (i) no claims have been made or are, to the Knowledge of the Company, Threatened under the Company's product or service warranties, (ii) to the Knowledge of the Company, there exists no event or circumstance, which after notice or the passage of time or both, might create or result in liabilities or obligations under the Company's product warranties in excess of the liabilities and obligations incurred by the Company, on average, during the past two years, and (iii) to the Knowledge of the Company, there is no design or other defect in any type of product or service of the Company, including, including without limitation, any software programming that would cause the products or services delivered by the Company to not be Year 2000 Compliant. The warranty reserves reflected on the Company Financial Statements are set forth on SCHEDULE 5.30 and are reasonable for all warranty claims.

Appears in 1 contract

Samples: Agreement and Plan of Organization (Luminant Worldwide Corp)

Warranties; Products. SCHEDULE 5.30 sets forth a description of all of the product and service warranties and guarantees given by the Company to any customer in connection with the sale or distribution of its products and services. Except as described on SCHEDULE 5.30, (i) no claims have been made or are, to the Knowledge of the Company, Threatened under the Company's product or service warranties, (ii) to the Knowledge of the Company, there exists no event or circumstance, which after notice or the passage of time or both, might create or result in liabilities or obligations under the Company's product warranties in excess of the liabilities and obligations incurred by the Company, on average, during the past two years, and (iii) to the Knowledge of the Company, Company there is no design or other defect in any type of product or service of the Company, including, without limitation, any software programming that would cause the products or services delivered by the Company to not be Year 2000 Compliant. The warranty reserves reflected on the Company Financial Statements are set forth on SCHEDULE 5.30 and are reasonable for all warranty claimsclaims .

Appears in 1 contract

Samples: Agreement and Plan of Organization (Luminant Worldwide Corp)

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Warranties; Products. SCHEDULE 5.30 sets forth a description of all the product and service warranties and guarantees given by the Company to any customer in connection with the sale or distribution of its products and services. Except as described on SCHEDULE 5.30, (i) no claims have been made or are, to the Knowledge of the Company, Threatened under the Company's product or service warranties, (ii) to the Knowledge of the Company, there exists no event or circumstance, which after notice or the passage of time or both, might create or result in liabilities or obligations under the Company's product warranties in excess of the liabilities and obligations incurred by the Company, on average, during the past two years, and (iii) to the Knowledge of the Company, there is no design or other defect in any type of product or service of the Company, including, including without limitation, any software programming that would cause the products or services delivered by the Company to not be Year 2000 Compliant. The warranty reserves reflected on the Company Financial Statements are set forth on SCHEDULE 5.30 and are reasonable adequate for all warranty claims.

Appears in 1 contract

Samples: Agreement and Plan of Organization (Luminant Worldwide Corp)

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