Common use of Replacement of Parts Clause in Contracts

Replacement of Parts. The vendor shall replace any parts of the hardware on failure with hardware parts having similar or equivalent functional capabilities. Parts required for the maintenance of the equipment and / or correction of faults will be supplied at no extra cost to the company. Faulty parts removed from the system belong to vendor. However, the company can retain the same and use at its own sole discretion to maintain the equipment subject to the payment of its value to the vendor.

Appears in 6 contracts

Samples: Master Software, Hardware and Maintenance Agreement, Maintenance Agreement, Annual Maintenance Contract

AutoNDA by SimpleDocs

Replacement of Parts. The vendor shall replace any parts of the hardware on failure with hardware parts having similar or equivalent functional capabilities. Parts required for the maintenance of the equipment and / or correction of faults will be supplied at no an extra cost to be paid by the companyclient. Faulty parts removed from the system belong to vendor. However, the company can retain the same and use at its own sole discretion to maintain the equipment subject to the payment of its value to the vendorclient.

Appears in 2 contracts

Samples: Annual Maintenance Contract, Annual Maintenance Contract

Replacement of Parts. The vendor shall replace any parts of the hardware on failure with hardware parts having similar or equivalent functional capabilities. Parts required for the maintenance of the equipment and / or correction of faults will be supplied at no extra cost to the company. Faulty parts removed from the system belong to the vendor. However, the company can retain the same and use at its own sole discretion to maintain the equipment subject to the payment of its value to the vendor.

Appears in 2 contracts

Samples: Annual Maintenance Contract, Annual Maintenance Contract

Replacement of Parts. The vendor shall replace any parts of the hardware on failure with hardware parts having similar or equivalent functional capabilities. Parts required for the maintenance of the equipment and / or correction of faults will be supplied at no extra cost to the company. Faulty parts except Harddisks or other data drives removed from the system belong to vendor. However, the company can retain the same and use at its own sole discretion to maintain the equipment subject to the payment of its value to the vendorequipment.

Appears in 1 contract

Samples: Annual Maintenance Contract

AutoNDA by SimpleDocs

Replacement of Parts. The vendor shall replace any parts of the hardware on failure with hardware parts having similar or equivalent functional capabilities. Parts required for the maintenance of the equipment and / equipmentand/ or correction of faults will be supplied at no an extra cost to be paid by the companyclient. Faulty parts removed from the system belong to vendor. However, the company can retain the same and use at its own sole discretion to maintain the equipment subject to the payment of its value to the vendorclient.

Appears in 1 contract

Samples: Annual Maintenance Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!