Common use of Limitation on Credit Clause in Contracts

Limitation on Credit. The Buyer shall in no event be credited for repair costs (labor or material) for any Warranted Part if such repair costs exceed […***…] of the Seller’s then-current catalog price for a replacement of such defective Warranted Part provided such replacement part is readily available for purchase by the Buyer. If the estimate to repair a defective Warranted Part exceeds […***…] of the Seller’s then-current catalog price for a replacement of such defective Warranted Part, the Seller shall either provide a credit to the Buyer for an amount equal to […***…] of the Seller’s then-current catalog price for a replacement part, or a new replacement part, at […***…] option. Seller shall substantiate Seller’s price in writing at Buyer’s request if the warranted part is not in the CS Catalog.

Appears in 2 contracts

Samples: Purchase Agreement (Hawaiian Holdings Inc), Purchase Agreement (Hawaiian Holdings Inc)

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Limitation on Credit. The Buyer shall in no event be credited for repair costs (labor or material) for any Warranted Part if such repair costs exceed in [***…] of the Seller’s 's then-current catalog price for a replacement of such defective Warranted Part provided such replacement part is readily available for purchase by the Buyer. If the estimate to repair a defective Warranted Part exceeds [***…] of the Seller’s 's then-current catalog price for a replacement of such defective Warranted Part, the Seller shall either provide a credit to the Buyer for an amount equal to [***…] of the Seller’s 's then-current catalog price for a replacement part, or a new replacement part, at the [***…] option. Seller shall substantiate Seller’s price in writing at Buyer’s 's request if the warranted part is not in the CS CatalogCatalogue.

Appears in 1 contract

Samples: Airbus A330/A350xwb Purchase Agreement (Hawaiian Holdings Inc)

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Limitation on Credit. The Buyer shall in no event be credited for repair costs (labor or material) for any Warranted Part if such repair costs exceed [...***...] of the Seller’s then-current catalog price for a replacement of such defective Warranted Part provided such replacement part is readily available for purchase by the Buyer. If the estimate to repair a defective Warranted Part exceeds [...***...] of the Seller’s then-current catalog price for a replacement of such defective Warranted Part, the Seller shall either provide a credit to the Buyer for an amount equal to [...***...] of the Seller’s then-current catalog price for a replacement part, or a new replacement part, at the [...***...] option. Seller shall substantiate Seller’s price in writing at Buyer’s request if the warranted part is not in the CS CatalogCatalogue.

Appears in 1 contract

Samples: Purchase Agreement (Hawaiian Holdings Inc)

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