Common use of Limitation on Credit Clause in Contracts

Limitation on Credit. The Buyer will in no event be credited for repair costs (including labor and material) for any Warranted Part exceeding sixty-five percent (65%) of the Seller's current catalog price for a replacement of such defective Warranted Part or exceeding those costs which would have resulted if repairs had been carried out at the Seller's facilities. Such cost will be substantiated in writing by the Seller upon reasonable request by the Buyer.

Appears in 4 contracts

Samples: Letter Agreement (Cit Group Inc), Letter Agreement (Us Airways Inc), Letter Agreement (Us Airways Inc)

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Limitation on Credit. The Buyer will in no event be credited for repair costs (including labor and material) for any Warranted Part exceeding sixty-five percent (65%) ***** of the Seller's ’s current catalog price for a replacement of such defective Warranted Part or (exceeding those costs which that would have resulted if repairs had been carried out at the Seller's ’s facilities. Such cost The Seller will be substantiated substantiate these costs in writing by the Seller upon on reasonable request by the Buyer.

Appears in 2 contracts

Samples: Family Purchase Agreement (Spirit Airlines, Inc.), Letter Agreement (Spirit Airlines, Inc.)

Limitation on Credit. The Buyer Buyer, with respect to any In-House Warranty credit, will in no event be credited for repair costs (including labor and material) for any Warranted Part exceeding sixty-five percent (65%) of the Seller's ’s current catalog price for a replacement of such defective Warranted Part or exceeding those costs which that would have resulted if repairs had been carried out at the Seller's ’s facilities. Such cost The Seller will be substantiated substantiate these costs in writing by the Seller upon on reasonable request by the Buyer.

Appears in 1 contract

Samples: Letter Agreement (Flyi Inc)

Limitation on Credit. The Buyer will in no event be credited for repair costs (including labor and material) for any Warranted Part exceeding sixty-five percent (65%) of the Seller's current catalog price for a replacement of such defective Warranted Part or exceeding those costs which would have resulted if repairs had been carried out at the Seller's facilities. Such cost will shall be substantiated in writing by the Seller upon reasonable request by the Buyer.

Appears in 1 contract

Samples: Letter Agreement (Midway Airlines Corp)

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Limitation on Credit. The Buyer will in no event only be credited for repair costs (including labor and material) for any Warranted Part exceeding up to sixty-five percent (65%) of the Seller's then-current catalog price for a replacement of such defective Warranted Part or exceeding those provided such replacement part is available for purchase. The Seller will substantiate such Seller costs which would have resulted if repairs had been carried out at the Seller's facilities. Such cost will be substantiated in writing by the Seller upon on reasonable request by the Buyer.

Appears in 1 contract

Samples: A330 200 Freighter Purchase Agreement (Aircastle LTD)

Limitation on Credit. The Buyer will in no event be credited for repair costs (including labor and or material) for any Warranted Part exceeding if such repair costs exceed in the aggregate sixty-five percent (65%) of the Seller's ’s then-current catalog price for a replacement of such defective Warranted Part or exceeding those provided such replacement part is available for purchase. The Seller will substantiate such Seller costs which would have resulted if repairs had been carried out at the Seller's facilities. Such cost will be substantiated in writing by the Seller upon on reasonable request by the Buyer.

Appears in 1 contract

Samples: Letter Agreement (Hawaiian Holdings Inc)

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