Warranty definition
Examples of Warranty in a sentence
Any Work, or component thereof, that is not in conformity with any Warranty is defective (“Defective”) and contains a defect (“Defect”).
On the Business Day before the related Payment Date, the RPA Seller shall remit the Warranty Purchase Payment in respect of such Receivable to the Collection Account in the manner specified in Section 4.05.
A Warranty Purchase Payment shall be applied to reduce Outstanding Advances and such Warranty Purchase Payment or an Administrative Purchase Payment, as applicable, shall then be applied to the Scheduled Payment, in each case to the extent that the payments by the Obligor shall be insufficient, and then to prepay the unpaid principal balance of such Receivable in full.
The purchasing Party will not offer its customers a warranty that is broader than the selling Party’s applicable standard warranty for the Product because the selling Party's reimbursement obligation under Section 6.5 is limited to defects covered by the selling Party's standard Product Warranty.
If Services include installation of Products, those Products will also be covered by the applicable Product Warranty.