Warranty Claim definition

Warranty Claim means any claim for breach of Warranty;

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Warranty Claim means a claim by the Buyer involving or relating to a breach of any Management Warranty.

Warranty Claim means any liability for any warranty (including any warranty regarding altered items or forged or missing endorsements) of Seller to another financial institution under applicable law, including the Uniform Commercial Code, Regulation CC of the Federal Reserve Board, Regulation J of the Federal Reserve Board, any Operating Circular of the Federal Reserve Board, the rules or policies of any clearinghouse, and any other warranty provisions promulgated under state, federal or other applicable law, relating to any draft, image deposit, check, negotiable order of withdrawal or similar item drawn on or deposited and credited to a Deposit account.

Examples of Warranty Claim in a sentence

• The Seller shall not be liable for any Warranty Claim if and to the extent that the Buyer or any member of the Buyer's Group or those deriving title from the Buyer have already obtained reimbursement or restitution in respect of such Warranty Claim from any third party.

• If any breach of the Warranties arises by reason of some Liability of any member of the Purchasers’ Group which, at the time the relevant Warranty Claim is notified to the relevant Seller, is contingent only or otherwise not capable of being quantified, then the relevant Seller shall not be under any obligation to make any payment in respect of such Claim unless and until such Liability ceases to be contingent or becomes capable of being quantified.

• The Seller shall not be liable for any Warranty Claim to the extent that any amount is expressly and specifically allowed, fully provided for or reserved in the Accounts in respect of the fact, matter, event or circumstance giving rise to such Warranty Claim.

More Definitions of Warranty Claim

Warranty Claim means any claim made by the Purchaser for breach of any of the Warranties

Warranty Claim shall have the meaning set forth in Clause 12.2.

Warranty Claim means a Claim by the Purchaser the basis of which is that any of the Warranties is, or is alleged to be, untrue or inaccurate.

Warranty Claim means a claim made by either the Purchaser or the Vendor based on or with respect to the inaccuracy or non-performance or non-fulfilment or breach of any representation or warranty made by the other party contained in this Agreement or contained in any document or certificate given in order to carry out the transactions contemplated hereby.

Warranty Claim means any Claim by the Purchaser (or any person making a Claim through or on behalf of the Purchaser) against the Vendor, for breach of any of the Vendor’s Warranties.

Warranty Claim means a claim made by either the Purchaser or the Vendor based on, or with respect to, the inaccuracy or non-performance or non-fulfilment or breach of any representation or warranty made by the other party contained in this agreement or contained in any document or certificate referred to in Section 7.2.

Warranty Claim a claim for any breach of any of the Warranties other than a Tax Warranty.