Common use of NO LEMON POLICY Clause in Contracts

NO LEMON POLICY. This Agreement provides that following the expiration of the term of the Covered Product’s manufacturer’s warranty, after three (3) service repairs have been completed for the Covered Product for the same problem within a 12-month period, as determined by Us, in lieu of performing a fourth (4th) repair on the Covered Product, We may replace it with a product of like kind or similar features, or issue a check or store credit to You in an amount not to exceed the original purchase price of the Covered Product. If We replace the Covered Product or issue a cash settlement of any kind, including a store credit, all of Our obligations for the Covered Product under this Agreement terminate and will be considered fulfilled.

Appears in 39 contracts

Samples: Extended Service Agreement, Extended Service Agreement, Extended Service Agreement

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NO LEMON POLICY. This Agreement provides that following the expiration of the term of the Covered Product’s manufacturer’s warranty, after three (3) service repairs have been completed for the Covered Product for the same problem within a 12-month period, as determined by Us, in lieu of performing a fourth (4th) repair on the Covered Product, We may replace it with a product of like kind or similar features, or issue a check or store credit to You in an amount not to exceed the original purchase price of the Covered Product. If We replace the Covered Product or issue a cash settlement of any kind, including a store credit, all of Our obligations for the Covered Product under this Agreement terminate and will be considered fulfilled.]

Appears in 1 contract

Samples: Extended Service Agreement

NO LEMON POLICY. This Agreement provides that following the expiration of the term of the Covered Product’s manufacturer’s warranty, after three (3) service repairs have been completed for the Covered Product for the same problem within a 12-twelve month period, as determined by UsProvider, in lieu of performing a fourth (4th) repair on the Covered Product, We Provider may replace it with a product of like kind or similar features, or issue a check or store credit to You in an amount not to exceed the original purchase price of the Covered Product. If We replace the Covered Product or issue a cash settlement of any kind, including a store credit, all of Our obligations for the Covered Product under this Agreement terminate and will be considered fulfilled.

Appears in 1 contract

Samples: Extended Service Agreement

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NO LEMON POLICY. This Agreement provides that following the expiration of the term of the Covered Product’s manufacturer’s warranty, after three (3) service repairs have been completed for the Covered Product for the same problem within a 12-twelve month period, as determined by UsAdministrator, in lieu of performing a fourth (4th) repair on the Covered Product, We Administrator may replace it with a product of like kind or similar features, or issue a check or store credit to You in an amount not to exceed the original purchase price of the Covered Product. If We replace the Covered Product or issue a cash settlement of any kind, including a store credit, all of Our obligations for the Covered Product under this Agreement terminate and will be considered fulfilled.

Appears in 1 contract

Samples: Extended Service Agreement

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