Common use of Buyer’s Remedy and Seller’s Obligation Clause in Contracts

Buyer’s Remedy and Seller’s Obligation. The Buyer’s remedy and Seller’s obligation and liability under this Article 4.1 are limited to the repair, replacement or correction, at the Seller’s expense and option, of any Seller Part that is defective. The Seller may alternatively furnish to the Buyer’s account with the Seller a *****. The provisions of Clauses 12.1.5 through 12.1.11 of the Agreement will apply to claims made pursuant to this Article 4.1.

Appears in 5 contracts

Samples: Purchase Agreement (Frontier Group Holdings, Inc.), Purchase Agreement (Frontier Group Holdings, Inc.), Purchase Agreement (Frontier Group Holdings, Inc.)

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Buyer’s Remedy and Seller’s Obligation. The Buyer’s remedy and Seller’s obligation and liability under this Article 4.1 2.3 are limited to the repair, replacement or correction, at the Seller’s expense and option, of any Seller Part that is defective. The Seller may alternatively furnish to the Buyer’s account with the Seller a *****credit equal to the price at which the Buyer is entitled to purchase a replacement for the defective Seller Part. The provisions of Clauses 12.1.5 through thru 12.1.11 of the Agreement will shall apply to claims made pursuant to this Article 4.12.3 of this Exhibit “H”.

Appears in 3 contracts

Samples: Purchase Agreement (Avianca Holdings S.A.), Purchase Agreement (Avianca Holdings S.A.), Purchase Agreement (Avianca Holdings S.A.)

Buyer’s Remedy and Seller’s Obligation. The Buyer’s remedy and Seller’s obligation and liability under this Article 4.1 are limited to the repair, replacement or correction, at the Seller’s expense and option, of any Seller Part that is defective. The Seller may alternatively furnish to the Buyer’s account with the Seller a *****credit equal to the price at which the Buyer is entitled to purchase a replacement for the defective Seller Part. The provisions of Clauses 12.1.5 through 12.1.11 of the Agreement will shall apply to claims made pursuant to this Article 4.14.1 of this Exhibit “H”.

Appears in 2 contracts

Samples: Purchase Agreement (China Eastern Airlines Corp LTD), Purchase Agreement (Air Lease Corp)

Buyer’s Remedy and Seller’s Obligation. The Buyer’s 's remedy and Seller’s 's obligation and liability under this Article 4.1 are limited to the repair, replacement or correction, at the Seller’s 's expense and option, of any Seller Part that is defective. The Seller may alternatively furnish to the Buyer’s account with the Seller a *****credit equal to the price such Seller Part. The provisions of Clauses 12.1.5 through 12.1.11 12.1.10 of the Agreement will apply to claims made pursuant to this Article 4.1.

Appears in 2 contracts

Samples: Aircraft Purchase Agreement (Cit Group Inc), Aircraft Purchase Agreement (Cit Group Inc)

Buyer’s Remedy and Seller’s Obligation. The Buyer’s remedy and Seller’s obligation and liability under this Article 4.1 are limited to the repair, replacement or correction, at the Seller’s expense and option, of any Seller Part that is defective. The Seller may alternatively furnish to the Buyer’s account with the Seller a *****credit equal to the price such Seller Part. The provisions of Clauses 12.1.5 through 12.1.11 of the Agreement will shall apply to claims made pursuant to this Article 4.1.

Appears in 2 contracts

Samples: Purchase Agreement (Avianca Holdings S.A.), Purchase Agreement (Avianca Holdings S.A.)

Buyer’s Remedy and Seller’s Obligation. The Buyer’s remedy and Seller’s obligation and liability under this Article 4.1 are limited to the repair, replacement or correction, at the Seller’s expense and option[***], of any Seller Part that is defective. The Seller may alternatively furnish to the Buyer’s account with the Seller a [*****. ] The provisions of Clauses 12.1.5 through 12.1.11 of the Agreement will shall apply to claims made pursuant to this Article 4.1.

Appears in 1 contract

Samples: Purchase Agreement (Avianca Holdings S.A.)

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Buyer’s Remedy and Seller’s Obligation. The Buyer’s remedy and Seller’s obligation and liability under this Article 4.1 are limited to the repair, replacement or correction, at the Seller’s expense and option*****, of any Seller Part that is defective. The Seller may alternatively furnish to the Buyer’s account with the Seller a *****. * The provisions of Clauses 12.1.5 through 12.1.11 of the Agreement will apply to claims made pursuant to this Article 4.1.

Appears in 1 contract

Samples: Purchase Agreement (Virgin America Inc.)

Buyer’s Remedy and Seller’s Obligation. The Buyer’s remedy and the Seller’s obligation and liability under this Article 4.1 are limited to the repair, replacement or correction, at the Seller’s expense and option, of any Seller Part that is defective. The Seller may alternatively furnish to the Buyer’s account with the Seller a *****credit equal to the price of such Seller Part. The provisions of Clauses Subclauses 12.1.5 through 12.1.11 12.1.10 of the Agreement will shall apply to claims made pursuant to this Article 4.1.

Appears in 1 contract

Samples: Purchase Agreement (Delta Air Lines Inc /De/)

Buyer’s Remedy and Seller’s Obligation. The Buyer’s remedy and Seller’s obligation and liability under this Article 4.1 are limited to the repair, replacement or correction, at the Seller’s expense and option[*****], of any Seller Part that is defective. The Seller may alternatively furnish to the Buyer’s account with the Seller a [*****]. The provisions of Clauses 12.1.5 through 12.1.11 of the Agreement will shall apply to claims made pursuant to this Article 4.14.1 of this Exhibit “H”.

Appears in 1 contract

Samples: Purchase Agreement (Azul Sa)

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