Repair Liability definition

Repair Liability means a defect in the Pipeline Interests which without repair would result in (i) the immediate inability to operate all or a part of the Pipeline Interests due to mechanical malfunction or lack of pipeline integrity, or (ii) the requirement to lower operating pressure unless and until a repair is affected, or (iii) the obligation to make a physical repair or modification to the system to achieve compliance with laws, rules or regulations and accepted industry standards governing oil pipeline and storage facilities.
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Examples of Repair Liability in a sentence

  • Free simple Agreement Template for Word Vertex42comBing Home Repair Liability Waiver FormFREE 7 Sample Contractor Estimate Forms in PDF MS.

  • If such Repair Liability or Environmental Liability discovered by Buyer are of a nature that requires repair or cleanup and are of such a substantial magnitude as to warrant a cost of repair or cleanup in the aggregate in excess of One Million Dollars ($1,000,000.00), Seller, in its sole discretion, may elect to terminate this Agreement, prior to Closing and within twenty (20) days of receipt of the above disclosure from Buyer.

  • If Dealer establishes to the reasonable satisfaction of MANUFACTURER that the damage to the Contract Products has arisen before delivery, Dealer’s sole remedy in respect of such damage of loss shall be limited, as MANUFACTURER in its sole discretion may elect, to replacement or repair of the Contract Products pursuant to the terms and conditions of the Repair Liability of MANUFACTURER as further set out in Article 10 hereof.

  • If Seller fails to grant approval of Buyer activities that are accepted practices in the pipeline industry to assess pipe and tank integrity, equipment functionality other potential Repair Liability and potential Environmental Liability related to the Property within a reasonable period of time after Seller's receipt of Buyer's notification as set forth above, Buyer may terminate this Agreement and Seller shall immediately refund Buyer's Deposit with Interest.

  • In no case shall Seller be entitled to avail itself of an option to cancel this Agreement under the provisions of this Section 13 if the Repair Liability or Environmental Liability were known to Seller on or before the Execution Date of this Agreement, if Seller is indemnified for such costs or otherwise not obligated to incur the costs, or if Buyer has agreed to assume responsibility for the repair or cleanup.

  • Should Seller terminate this Agreement pursuant to this Section, Seller shall immediately refund Buyer's Deposit with Interest and the reasonable costs associated with Buyer's discovery of the Repair Liability or Environmental Liability, and neither party shall have any further rights or obligations hereunder.

  • Should Buyer terminate this Agreement pursuant to this Section, Seller shall refund the Deposit with Interest, as well as the reasonable costs associated with Buyer's discovery of the Repair Liability or the Environmental Liability, and neither party shall have any further rights or obligations hereunder.

Related to Repair Liability

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Repair or replacement means the restoration of vehicles, vessels, or outboard

  • Aircraft Liability This policy does not cover "aircraft liability".

  • Environmental Costs and Liabilities means any and all losses, liabilities, obligations, damages, fines, penalties, judgments, actions, claims, costs and expenses (including, without limitation, fees, disbursements and expenses of legal counsel, experts, engineers and consultants and the costs of investigation and feasibility studies and remedial activities) arising from or under any Environmental Law or order or contract with any Governmental Authority or any other Person.

  • Product Liability Claim means a Claim of a Third Party (other than a Claim arising out of use of the Product in a clinical trial) that (i) arises as a result of the use of the Product during the Term that results in personal injury or death or (ii) is in anticipation of or intended to prevent or forestall personal injury or death as a result of the use of the Product during the Term.