Definition of Defect Sample Clauses

Definition of Defect. For the purpose of this Agreement, a "Defect" shall be defined as:
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Definition of Defect. For purposes of the Sales Contract and this Limited Warranty, a “Defect” is a feature, item, or component of the Unit or the Common Elements which fails to function or perform as intended in accordance with customary industry standards for such feature, item, or component as a result of "Faulty Materials or Workmanship." “Faulty Materials or Workmanship” means that the materials or workmanship either (a) fail to conform with the final as-built plans and specifications for the Unit or the Condominium, or (b) fail to comply with the applicable building codes regulating construction of the Unit or the Condominium as of the date of issuance of the applicable building permits. Buyer and Seller agree that the mere existence of “Faulty Materials or Workmanship” is not, in and of itself, a “Defect” and that a “Defect” only exists if such condition causes a feature, item or component of the Unit or the Common Elements to fail to function or perform as intended in accordance with customary industry standards for such feature, item, or component (such a feature, item, or component is sometimes referred to herein as a “Defective Item”). The parties agree that inspection approvals received from the applicable governmental authority(ies) with jurisdiction will constitute evidence of compliance with building codes.
Definition of Defect. 9.1.1. Xentral represents and warrants that the Software shall operate without material Defect; provided, that a “Defect” in the Software is defined as a material deviation from the functions expressly described in the Software from the Documentation.
Definition of Defect 

Related to Definition of Defect

  • Deletion of Definitions With respect to the Securities only, the following definitions shall be deleted in their entirety in Section 1.01 of the Senior Indenture:

  • Addition of Definitions With respect to the Senior Notes only, Section 1.01 of the Base Indenture is amended to include the following definitions (which shall be deemed to arise in Section 1.01 in their proper alphabetical order):

  • Definition of Default The BUYER shall be deemed to be in default under this CONTRACT in the following cases:

  • Correction of Defects 35.1 The Engineer shall give notice to the Contractor of any Defects before the end of the Defects Liability Period, which begins at Completion and is defined in the Contract Data. The Defects Liability Period shall be extended for as long as Defects remain to be corrected.

  • Definition of the Terms “Business Day”, “Affiliate” and “Subsidiary”. For purposes of this Agreement, (a) “business day” means each Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York are generally authorized or obligated by law or executive order to close, and (b) “affiliate” and “subsidiary” have the meanings set forth in Rule 405 under the Securities Act.

  • Other Definition Provisions (a) All terms defined in this Agreement shall have the above-defined meanings when used in the Debentures or any other Loan Documents, certificate, report or other document made or delivered pursuant to this Agreement, unless the context therein shall otherwise require.

  • Definition of Good Reason For purposes hereof, “Good Reason” shall mean:

  • Definition of Events of Default “Event of Default” means the occurrence of any of the following:

  • Construction; Definitions Unless the context requires otherwise, the general provisions, rules of construction and definitions in the DGCL shall govern the construction of these bylaws. Without limiting the generality of this provision, the singular number includes the plural and the plural number includes the singular.

  • Transfer Definitions For purposes of this Article 7 “

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