Examples of General Warranty Claim in a sentence
The Institutional Seller shall not be liable for a General Warranty Claim to the extent that the fact, matter, event or circumstance giving rise to that General Warranty Claim is remediable and is remedied by or at the expense of the Institutional Seller within 10 Business Days of the date on which written notice of the General Warranty Claim is given to it provided that any loss, costs or expense which is the subject of the General Warranty Claim is reduced by such remedial action.
The Buyer is not entitled to recover more than once in respect of the same fact (or set of related facts) or matter (or set of related matters) giving rise to a General Warranty Claim.
Nothing in this schedule 4 restricts or limits the Buyer’s general obligation at law to mitigate any loss or damage which it may incur in consequence of a matter giving rise to a General Warranty Claim.
The Buyer shall use its reasonable endeavours to, and shall use its reasonable endeavours to procure that the Group will, preserve all documents, records, correspondence, accounts and other information which is reasonably likely to be relevant to a matter which may give rise to a General Warranty Claim.
A General Warranty Claim notified in accordance with paragraph 2 of this schedule 4 and not satisfied, settled or withdrawn is unenforceable against the Sellers on the expiry of the period of 9 months starting on the day of notification of the General Warranty Claim, unless proceedings in respect of the General Warranty Claim have been commenced by being validly issued on the Sellers by the Buyer.