Examples of Assumed Warranty Obligations in a sentence
At the Closing, provided that Seller's representations and warranties in Section 3.26 hereto are accurate and complete, Purchaser shall assume the warranty obligations of Seller (the "Assumed Warranty Obligations") for all equipment and products sold by Seller within two years prior to the Closing Date with respect to the Business, other than the Korean Claim.
Since June 30, 2008 and except as set forth in Section 2.5(a) of the Disclosure Schedule, the liabilities and obligations of the Sellers to be assumed by the Buyer under the Assigned Contracts, the Permits and Certifications, the Open Customer Orders, the Open Vendor Orders and the Assumed Warranty Obligations were incurred in the ordinary course of business.
If a customer of the Business who acquired Products from Seller prior to the Closing Date requires warranty service that is outside the scope of the Assumed Warranty Obligations, including product recalls or field corrective actions (including those associated with MDRs), then Purchaser agrees to perform the required service (labor and parts) on behalf of Seller, at Seller’s expense.
The Sellers shall pay to the Buyer an amount equal to the Buyer’s standard charges for parts and labor (which are consistent with the charges imposed on the Buyer’s customers) in satisfying the Assumed Warranty Obligations.
The Buyer shall assume no liabilities of the Seller, including liabilities relating to the SPEEDLAN Assets, other than all warranty obligations with respect to SPEEDLAN products previously sold by Buyer ("Assumed Warranty Obligations").