Warranty Claim definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Warranty Claim means any claim for breach of 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 Purchaser shall not be liable in respect of any Purchaser Warranty Claim to the extent that any Seller actually recovers (whether by insurance, payment, discount, reduction in liabilities, credit, relief or otherwise) from a third party a sum which is referable to the subject matter of, or matter or circumstance giving rise to, such Purchaser Warranty Claim.
No Seller or Warrantor (as applicable) shall be liable for any Warranty Claim if and to the extent that, at the date of this Deed, any of ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ or ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ from the Purchaser Group had actual knowledge (and for these purposes actual knowledge excludes constructive, imputed or deemed knowledge) of the relevant fact, matter, event or circumstance giving rise to such Warranty Claim.
No Warrantor shall be liable in respect of any Business Warranty Claim or Tax Claim unless the aggregate amount of all Business Warranty Claims and Tax Claims for which the Warrantors would otherwise be liable exceeds $5,750,000, in which case the Warrantors shall be liable for the entire amount of such Business Warranty Claims and Tax Claims and not merely the excess (subject to paragraph 3).
The Purchaser shall not be liable in respect of a Purchaser Fundamental Warranty Claim unless the Purchaser receives from the Sellers’ Representatives written notice containing such reasonably specific details as are then available of the specific matter giving rise to such Purchaser Fundamental Warranty Claim (including an estimate of the amount of such claim) before the expiry of the 60-month period commencing on the Completion Date.
For the avoidance of doubt, nothing in this paragraph 2 shall prevent the Purchaser from giving notice of any Business Warranty Claim or Tax Claim in accordance with paragraph 1 (Time Limits) notwithstanding that the relevant threshold in this paragraph 2 may not then have been exceeded.

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

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-fulfillment 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 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 a claim by Purchaser under or pursuant to the provisions of this Agreement in relation to a Seller’s Warranty.