Common use of Transfer of Warranties Clause in Contracts

Transfer of Warranties. To the extent permitted by law and contract, Lessor will pass through without representation to Lessee the benefit of all warranties, if any, of the Vendor of any Items and, so long as there is no default hereunder, Lessee will have the right to, and will, directly avail itself of all warranties by the Vendor with respect to such Items. Lessor will not take any action that prejudices Lessee's right to, or under the terms of, any such warranty. If, subsequent to any Commencement Date, Lessee shall determine that any Item is unsatisfactory for any reason (including any failure of the Item to conform to the specifications set forth in any purchase order), Lessee shall make any claim on account thereof solely against the Vendor, and Lessee will give Lessor notice of any such claim made by Lessee against any Vendor and any cash settlement of any such claim will be payable solely to Lessor.

Appears in 1 contract

Samples: Master Lease Purchase Agreement (Nestor Inc)

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Transfer of Warranties. To the extent permitted by law and contract, Lessor will pass through without representation to Lessee the benefit of all warranties, if any, of the Vendor Supplier of any Items the Equipment and, so long as there is no default hereunder, Lessee will have the right to, and will, directly avail itself of all warranties by the Vendor Supplier with respect to such Itemsthe Equipment. Lessor will not take any action that which prejudices Lessee's right to, or under the terms of, any such warranty. If, If subsequent to any the Commencement Date, Date Lessee shall determine that any Item the Equipment is unsatisfactory for any reason (including any failure of the Item Equipment to conform to the specifications set forth in any purchase order), Lessee shall make any claim on account thereof solely against the Vendor, Supplier and Lessee will give Lessor notice of any such claim made by Lessee against any Vendor Supplier and any cash settlement of any such claim will be payable solely to Lessor.

Appears in 1 contract

Samples: Master Lease Agreement (24/7 Media Inc)

Transfer of Warranties. To the extent permitted by law and contract, Lessor will pass through without representation to Lessee the benefit of all warranties, if any, of the Vendor Supplier of any Items the Equipment and, so long as there is no default hereunder, Lessee will have the right to, and will, directly avail itself of all warranties by the Vendor Supplier with respect to such Itemsthe Equipment. Lessor will not take any action that which prejudices Lessee's right to, or under the terms of, any such warranty. If, If subsequent to any the Commencement Date, Date Lessee shall determine that any Item the Equipment is unsatisfactory for any reason (including any failure of the Item Equipment to conform to the specifications set forth in any purchase order), Lessee shall make any claim on account thereof solely against the Vendor, Supplier and Lessee will give Lessor notice of any such claim made by Lessee against any Vendor Supplier and any cash settlement of any such claim will be payable solely to Lessor. 6.

Appears in 1 contract

Samples: Master Lease Purchase Agreement (Star Telecommunications Inc)

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Transfer of Warranties. To the extent permitted by law and contract, Lessor will pass through without representation to Lessee the benefit of all warranties, if any, of the Vendor Supplier of any Items the Equipment and, so long as there is no default hereunder, Lessee will have the right to, and will, directly avail itself of all warranties by the Vendor Supplier with respect to such Itemsthe Equipment. Lessor will not take any action that which prejudices Lessee's right to, or under the terms of, any such warranty. If, If subsequent to any the Commencement Date, Date Lessee shall determine that any Item the Equipment is unsatisfactory for any reason (including any failure of the Item Equipment to conform to the specifications set forth in any purchase order), . Lessee shall make any claim on account thereof solely against the Vendor, Supplier and Lessee will give Lessor notice of any such claim made by Lessee against any Vendor Supplier and any cash settlement of any such claim will be payable solely to Lessor.

Appears in 1 contract

Samples: Master Lease Purchase Agreement (G & G Retail Inc)

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