Examples of Collateral Warranties in a sentence
Collateral Warranties are being obtained from the builders and all key sub-contractors in favour of the Council.
The Contractor will accept responsibility for defects in the facility except where they are caused by the Council, or where the defect liability period has not expired, or where the Contract has used reasonable endeavours (without success) to enforce the terms of Collateral Warranties.
The Council will be required to provide Collateral Warranties from the building contractor and the relevant professional team to the Contractor.
Cleartech shall be entitled to withhold any payment due under this Subcontract until such times as all necessary Collateral Warranties are duly executed by the Subcontractor.
This definition is only required where Collateral Warranties are required.