Common use of Warranty or Other Claims Clause in Contracts

Warranty or Other Claims. There are no existing or threatened errors or omissions, warranty or other similar claims against Seller or any Subject Asset. Seller shall be responsible for any errors or omissions claims, warranty claims or any other claims relating to products or services that it sold or provided prior to the Closing Date except to the extent such liability is covered by a policy of insurance carried by Purchaser and/or FDI.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Fortune Carter M), Asset Purchase Agreement (Fortune Diversified Industries Inc)

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Warranty or Other Claims. There are no existing or threatened errors or omissions, warranty or other similar claims against Seller or any Subject Asset. Seller shall be responsible for any errors or omissions claims, warranty claims or any other claims relating to products or services that it sold or provided prior to the Closing Date except to the extent such liability is covered by a policy of insurance carried by Purchaser and/or FDIDate.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Fortune Diversified Industries Inc), Asset Purchase Agreement (Fortune Diversified Industries Inc)

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