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 Clause 5 are limited to the repair, replacement or correction, at the Seller's expense and option, of any Seller Part which is defective. The Seller may equally at its option furnish a credit to the Buyer for the future purchase of Seller Parts equal to the price at which the Buyer is then entitled to acquire a replacement for the defective Seller Parts. The provisions of Clauses 12.1.5 thru 12.1.10 of the Agreement shall apply to this Clause 5 of this Exhibit "H".

Appears in 2 contracts

Samples: Letter Agreement (China Southern Airlines Co LTD), Letter Agreement (China Southern Airlines Co LTD)

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Buyer’s Remedy and Seller’s Obligation. The Buyer's ’s remedy and Seller's ’s obligation and liability under this Clause 5 are limited to the repair, replacement or correction, at the Seller's ’s expense and option, of any Seller Part which is defective. The Seller may equally at its option furnish a credit to the Buyer for the future purchase of Seller Parts equal to the price at which the Buyer is then entitled to acquire a replacement for the defective Seller Parts. The provisions of Clauses 12.1.5 thru 12.1.10 of the Agreement shall apply to this Clause 5 of this Exhibit "H".

Appears in 1 contract

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

Buyer’s Remedy and Seller’s Obligation. The Buyer's ’s remedy and Seller's ’s obligation and liability under this Clause 5 are limited to the repair, replacement or correction, at the Seller's ’s expense and option, of any Seller Part which is defective. The Seller may equally at its option furnish a credit to the Buyer for the future purchase of Seller Parts equal to the price at which the Buyer is then entitled to acquire a replacement for the defective Seller Parts. The provisions of Clauses 12.1.5 thru 12.1.10 of the Agreement shall apply to this Clause 5 of this Exhibit "H".

Appears in 1 contract

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

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Buyer’s Remedy and Seller’s Obligation. The Buyer's Buyers remedy and Seller's Sellers obligation and liability under this Clause 5 are limited to the repair, replacement or correction, at the Seller's ’s expense and option, of any Seller Part which is defective. The Seller may equally at its option furnish a credit to the Buyer for the future purchase of Seller Parts equal to the price at which the Buyer is then entitled to acquire a replacement for the defective Seller Parts. The provisions of Clauses 12.1.5 thru 12.1.10 of the Agreement shall apply to this Clause 5 of this Exhibit "H".

Appears in 1 contract

Samples: Letter Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)

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