Commercial Purchaser definition
Examples of Commercial Purchaser in a sentence
Subject to clause 25 (Avoidance of Payments), at the end of the Security Period, at the request and expense of the Company, the Security Agent shall (but subject to the rights and claims of any person having prior rights thereto) reassign the property and assets assigned to the Security Agent by or pursuant to this Debenture and release or otherwise discharge the Security.
A Commercial Purchaser is any purchaser, such as a landlord, letting agency, or other person or entity that is not a Residential Purchaser, as that term is defined in the Ecodek Peaks and Parks Residential Limited Warranty.
This Warranty extends to the Original Commercial Purchaser of Milgard Products installed in a Covered Building.
In addition, if the Original Commercial Purchaser sells a Covered Building before ten (10) years has elapsed after the Start Date, Milgard will automatically extend full coverage under this Warranty (subject to the same limitations and exclusions) to the new commercial owner and any subsequent commercial owners of the Covered Building, until the tenth (10th) anniversary of the Start Date.
Milgard will replace at no charge (parts and/or labor) to the Original Commercial Purchaser stainless steel hardware that loses functionality in highly corrosive environments within one (1) year after the Start Date.
Milgard will replace any Milgard window or door screen frame and mesh that is defective in materials or workmanship at no charge to the Original Commercial Purchaser (including parts and labor) for a period of two (2) years after the Start Date.
Milgard will replace any Milgard window or door screen frame and mesh that is defective in materials or workmanship at no charge to the Original Commercial Purchaser (including parts and labor) for a period of one (1) year after the Start Date.
The warranty period is for the life of a residential purchaser or 30 years in the case of a Commercial Purchaser.