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

Buyer’s Remedy and Seller’s Obligation. 12.1.4.1 The Buyer's remedy and the Seller's obligation and liability under Clauses 12.1.1 and 12.1.2 are limited to the repair, replacement or correction of any Warranted Part which is defective or to the supply of modification kits rectifying the defect, at the Seller's expense and option. The Seller may equally at its option furnish a credit to the Buyer equal to the price at which the Buyer is entitled to purchase a replacement for the defective Warranted Part.

Appears in 2 contracts

Samples: A330 Purchase Agreement (China Eastern Airlines Corp LTD), Letter Agreement (China Eastern Airlines Corp LTD)

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Buyer’s Remedy and Seller’s Obligation. 12.1.4.1 The Buyer's ’s remedy and the Seller's ’s obligation and liability under Clauses 12.1.1 and 12.1.2 are limited to the [***], repair, replacement or correction of any Warranted Part which is defective [***] or to the supply of modification kits rectifying the defect, at the Seller's ’s expense and option. The Seller may equally at its option furnish a credit to the Buyer equal to the price at which the Buyer is entitled to purchase a replacement for the defective Warranted Part.

Appears in 1 contract

Samples: Aircraft Purchase Agreement (AerCap Holdings N.V.)

Buyer’s Remedy and Seller’s Obligation. 12.1.4.1 The Buyer's remedy and the Seller's obligation and liability under Clauses 12.1.1 and 12.1.2 are limited to the removal, repair, replacement or correction of any Warranted Part which is defective and the reinstallation thereof on the Aircraft or to the supply of modification kits rectifying the defect, at the Seller's expense and option. * The Seller may equally at its option furnish a credit to the Buyer equal to the price at which the Buyer is entitled to purchase a replacement for the defective Warranted Part.Part *

Appears in 1 contract

Samples: Letter Agreement (Tam S.A.)

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Buyer’s Remedy and Seller’s Obligation. 12.1.4.1 The Buyer's ’s remedy and the Seller's ’s obligation and liability under Clauses 12.1.1 and 12.1.2 are limited to the [***], repair, replacement or correction of any Warranted Part which is defective and the [***] or to the supply of modification kits rectifying the defect, at the Seller's ’s expense and option. The Seller may equally at its option furnish a credit to the Buyer equal to the price at which the Buyer is entitled to purchase a replacement for the defective Warranted Part.

Appears in 1 contract

Samples: Participation Agreement (AerCap Holdings N.V.)

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