Warranty Returns definition

Warranty Returns shall be defined as Products that have been delivered to Gateway or by Gateway to its customers and rejected due to Defect(s).

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Warranty Returns. All products purchased via Connection, come with the specific warranty offered by the manufacturers. As Connection is the reseller and not the manufacturer of the products offered within this RFP, the manufacturer warranty on all products purchased through Connection, will be passed through to the purchaser. Bid Site Attributes Clarification Connection Response: YES

Warranty Returns means the return of any product sold or supplied by Lightning Optical to a customer or any third party which such customer or third party determines to be defective. Notice to Shareholders. II-VI Lightning shall provide the Shareholders with a list of the uncollected Accounts Receivable and Warranty Returns for which II-VI Lightning is entitled to reimbursement in accordance with Sections 11.1 and 11.2 hereof. Shareholders shall reimburse II-VI Lightning for the full amount of the uncollected Accounts Receivable and Warranty Returns set forth on the aforesaid list within ten (10) days notice from II-VI Lightning. During such ten (10) day period, Shareholders shall have the right to audit the list of uncollected Accounts Receivable and Warranty Returns. II-VI Lightning agrees to assign to the Shareholders all of its right, title and interest to the uncollected Accounts Receivable upon payment from the Shareholders. Reimbursement From Escrow Account. Any amount due II-VI Lightning from the Shareholders in accordance with this Section 11 shall be paid first from the Escrow Account and then by the Majority Shareholders within ten (10) days of receipt of the notice who shall remain jointly and severally liable for any deficiency in the Escrow Account. FINANCIAL STATEMENTS OF LIGHTNING OPTICAL. Audited Financial Statements. Sellers agree to cooperate with II-VI Lightning in connection with the preparation of audited financial statements for Lightning Optical for the fiscal year ending June 30, 1995 and a review update through December 31, 1995. Such audit of the financial statements will be conducted by A▇▇▇▇▇, R▇▇▇▇▇▇▇▇ & Co. and the Shareholders agree to pay Fifteen Thousand ($15,000) towards the accounting fees of A▇▇▇▇▇, R▇▇▇▇▇▇▇▇ & Co. for the audit. Any accounting fees related to the audit by A▇▇▇▇▇, R▇▇▇▇▇▇▇▇ & Co. in excess of Fifteen Thousand Dollars ($15,000) will be paid by the Acquiring Companies. Consent. Sellers consent to the inclusion by II-VI of any financial statements of Lightning Optical required by law, rule or regulation to be included by II-VI in any registration or report filed by II-VI pursuant to the securities laws of the United States or any state thereof. Sellers will cooperate to secure the consent of the accounting firm and/or accountants who prepared the financial statements of Lightning Optical required pursuant to the foregoing sentence. COSTS AND EXPENSES. All costs and expenses incurred in conducting the transactions described...

Examples of Warranty Returns in a sentence

The Company’s primary business risks are listed below: Warranty Returns Under the CADRI Sale Agreement, Global bears 50% of the risk associated with warranty claims made before the first anniversary of the closing of the CADRI sale in respect of products delivered by CADRI prior to the closing, subject to Global's maximum liability for indemnification claims under the CADRI Sale Agreement of $1,000,000.
For purposes of this Agreement, -------------------------------------- "Warranty Returns" shall be defined as Products that have been delivered to Gateway or by Gateway to its customers and rejected due to Defect(s).
Warranty Returns and Epidemic Failures shall be handled in accordance with Attachment D.
The parties acknowledge that such credit is intended to account for expected Warranty Returns at historical rates.
By way of example and not limitation, if the Warranty Returns during the first twelve months following the Closing Date equal 2,800 units returned and the aggregate number of units sold during such period was 8,000 units, then the credit issued to Buyer and applied to subsequent Monthly Deferred Payments (starting with the thirteenth Monthly Deferred Payment) would be: (2,800 units - (8,000 units x 30%)) x $40 = $16,000.
The historical percentage for claims and returns of motors which have been incorporated into a finished product ("Warranty Returns") is .25%, which percentage is determined by dividing the number of Warranty Returns in a calendar year by the number of motors sold by the ADCM Companies in that calendar year.
For purposes of this Agreement, "Warranty Returns" shall be defined as Products that have been delivered to Gateway or by Gateway to its customers and rejected due to Defect(s).
To request a return materials authorization (“RMA”) under this Hardware Warranty Returns section, please contact Samsara support or submit an RMA request through the Hosted Software dashboard.
II-VI Lightning shall provide the Shareholders with a list of the uncollected Accounts Receivable and Warranty Returns for which II-VI Lightning is entitled to reimbursement in accordance with Sections 11.1 and 11.2 hereof.
Shareholders shall reimburse II-VI Lightning for the full amount of the uncollected Accounts Receivable and Warranty Returns set forth on the aforesaid list within ten (10) days notice from II-VI Lightning.

More Definitions of Warranty Returns

Warranty Returns. A Return form also accompanies all warranty materials returned to the supplier. The return order packing slip explains that the materials were returned from the field under warranty, reason for return, etc. Any material which is repaired and returned to Recovery Engineering, Inc. under the Return form must be in "as new" condition. This includes appearance items (painting, plating, etc.), packaging, and complete inspection and testing to new material specifications. No reference to any defect shall be on the material or package, and all required "loose" items (mounting hardware, clevis pin, keys, etc.) must be included. Material marked "rebuilt" or "reconditioned" will not be accepted.

Warranty Returns has the meaning specified in Section 4.1 of this Agreement.