Guarantee Period definition

Guarantee Period. /’Maintenance Period’ shall mean the period during which the Contractor shall remain liable for repair or replacement of any defective part of the works performed under the contract.

Guarantee Period or" WARRANTY PERIOD" shall mean the period during which the Contractor shall remain liable without any extra cost to the Purchaser for repair, replace or rectify any defective part or performance of the Stores supplied under the Contract.

Guarantee Period has the meaning given to it in clause 11.1

Examples of Guarantee Period in a sentence

• The Initial Guarantee Period may not extend beyond the latest Annuity Commencement Date allowed under the Contract as described in Section 6.4. At the end of the Initial Guarantee Period, and any subsequent Guarantee Period, we will automatically apply the Accumulation Value to a new Guarantee Period, unless we receive alternate instructions from you.

• After the Initial Guarantee Period ends, Withdrawals or a Surrender may be made without incurring any Surrender Charges.

• The Initial Guarantee Period to which the Single Premium is applied is shown on the first page of this Contract.

• Each Guarantee Period after the expiration of the Initial Guarantee Period will be one year.

• The Developer and every contractor and subcontractor engaged in any part of the work shall secure and maintain until the end of the Guarantee Period the insurance specified in the following schedule.

More Definitions of Guarantee Period

Guarantee Period is a period of years for which a specified effective annual interest rate is guaranteed by us. Interest is credited daily at a rate to yield the declared annual Guaranteed Interest Rate.

Guarantee Period means the period during which the ‘Plant’ or ‘Equipment’ shall give the same performance as guaranteed by the vendor in the Schedule of Guarantee as in the ‘Specification’.

Guarantee Period means the period specified in Clause 6 of the Special Conditions; provided, however, that, if the last day of the Guarantee Period falls on a day that is not a Banking Day, the Guarantee Period shall extend to and include the next succeeding Banking Day.

Guarantee Period means the time as stated in the Appendix to Tender for guaranteeing the Plant, Equipment, and Materials against defects in materials, workmanship and manufacturing defects, calculated from the date upon which the entire Works (completion and commissioning of all the useful Sections in all respect) have been completed as certified by MSEDCL Representative. The term “Defects Liability Period” is synonymous with the term “Guarantee Period”.

Guarantee Period means the period specified as such in paragraph 2.6 of the Order Form;

Guarantee Period means, in respect of each part of the Supplies and Services, a period of a minimum of twelve (12) months commencing on the date of Acceptance of such part;

Guarantee Period means a period of eighteen months following Delivery or, in respect of work to remedy a Defect, eighteen months following the remedy or as stated in the Purchase Order or in any Company agreement under which the Purchase Order is issued.