WARRANTY CREDIT Sample Clauses

WARRANTY CREDIT. In order that Manufacturer may make accurate warranty representations and in order to promote the goodwill of Manufacturer, Distributor shall credit its customer's account for the amount of Distributor's xxxx­ up, in addition to Distributor's costs whenever Manufacturer credits Distributor's account in fulfillment of a warranty obligation or in the case of a Product recall by Manufacturer or advisory by Manufacturer.
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WARRANTY CREDIT. If there is a Confirmed Outage of a Buyer's Transponder: on PAS-3 [************] of the Delivery Date of PAS-3; on PAS-6 [************************] of the Delivery Date of PAS-6 (but only [************************] of PAS-6 if Buyer exercises its termination [***] under Section 7.9 hereof); or within [******************] of Delivery Date of PAS-6B (for each Satellite, the "Warranty Period"), PanAmSat shall credit to Buyer's next Installment payment a "Warranty Credit" that shall be determined by the following formula: Warranty Credit [***] [************] [***] [******************************************************************************* *****************************************] [*********************************] [******************************************************************************* **********************************] Buyer shall not be entitled to any Warranty Credit for any Transponder failure that does not constitute a Confirmed Outage. For purposes of determining Warranty Credits, each failure that is confirmed by PanAmSat shall be measured as commencing from the later to occur of (i) Buyer's cessation of use of the affected Buyer's Transponder and (ii) notice from Buyer to PanAmSat of such failure (provided that the [***] Filed separately with the Commission pursuant to a request for confidential treatment. affected Buyer's Transponder is, in fact, not meeting the Performance Specifications). Any such failure shall be deemed to have ended upon the earlier to occur of (i) Buyer's resumption of use of the affected Buyer's Transponder and (ii) notice to Buyer from PanAmSat that the affected Buyer's Transponder has been restored to the Performance Specifications (provided that the affected Buyer's Transponder is, in fact, meeting the Performance Specifications). No Warranty Credit shall be provided for any failure of a Buyer's Transponder that occurs after the [******] such Transponders at such point being available, if at all, on an "as is" basis; nor shall a Warranty Credit be provided during the [******] for any Transponder that is not one of the Transponders being [***] for as part of the [******].
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WARRANTY CREDIT. Reimbursement of an accepted warranty claim will be by credit note, which will be issued when the completed claim form is returned to the OEM or distributor/dealer. PRM Newage Ltd reserve the right to supply Free of Charge replacement parts. Receipt of the credit note completes the performance of any warranty claim, and any parts held may then be disposed of in accordance with factory instructions.
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WARRANTY CREDIT. 7 3.4 VAT................................................................ 7
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WARRANTY CREDIT. In the event that Buyer's expenses for repair and replacement warranty work under the terms and conditions of Sellers' warranties in the Assumed Contracts exceeds the amount Buyer deems to be appropriate in the ordinary course of business by more than an aggregate of Fifty Thousand Dollars (USD $50,000) during the period beginning on the Closing Date and ending at 5:00 p.m. (United States Pacific Standard Time) on the first anniversary of the Closing Date, Buyer shall be entitled to a credit against the Purchase Price (the "WARRANTY CREDIT") equal to the amount of such excess.
Sample 1
WARRANTY CREDIT. In the event that Buyer's expenses for repair and replacement warranty work under the terms and conditions of Seller's warranties from the period from the Closing Date until six (6) months after the Closing Date exceeds the amount Buyer deems to be appropriate in the ordinary course of business by more than $100,000, Buyer shall be entitled to a credit against the Purchase Price (the "WARRANTY CREDIT") equal to the amount of such excess.
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Related to WARRANTY CREDIT

  • Letter of Credit Accommodations (a) Subject to and upon the terms and conditions contained herein, at the request of Borrower, Lender agrees to provide or arrange for Letter of Credit Accommodations for the account of Borrower containing terms and conditions acceptable to Lender and the issuer thereof. Any payments made by Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations shall constitute additional Revolving Loans to Borrower pursuant to this Section 2.

  • Letter of Credit Draws The Servicer shall take all steps necessary to make draws under any Letter of Credit in accordance with the provisions thereof. The Servicer shall notify the Master Servicer promptly in writing if the Pledge Holder does not renew a Letter of Credit. Upon receipt of any amounts as a result of a draw on a Letter of Credit because of the nonrenewal of such Letter of Credit, the Servicer shall deposit such amounts in the appropriate Custodial P&I Account and such amount shall be treated as a prepayment of principal. Upon receipt of any amounts as a result of a draw on a Letter of Credit for a reason other than the nonrenewal of such Letter of Credit, the Servicer shall deposit such amounts in the appropriate Custodial P&I Account for application in accordance with the provisions of the applicable Administration Disclosure.

  • Credit Investigation In conjunction with your application for credit and, if approved, maintenance of your Account, you agree that we have the right to investigate your credit and employment history, to verify your credit references, to request and use credit reports, and to report the way you pay your Account to credit bureaus and other interested parties.

  • Letter of Credit Amounts Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.

  • Letter of Credit Procedures 24 2.3.1 L/C Applications....................................................................24 2.3.2 Participations in Letters of Credit.................................................24 2.3.3 Reimbursement Obligations...........................................................25 2.3.4 Limitation on Obligations of Issuing Banks..........................................25 2.3.5 Funding by Banks to Issuing Banks...................................................25 2.4

  • Failure to Make Letter of Credit Advances The failure of any Lender to make the Letter of Credit Advance to be made by it on the date specified in Section 2.03(c) shall not relieve any other Lender of its obligation hereunder to make its Letter of Credit Advance on such date, but no Lender shall be responsible for the failure of any other Lender to make the Letter of Credit Advance to be made by such other Lender on such date.

  • Letter of Credit Reports Each Issuing Bank shall furnish (A) to the Agent on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued by such Issuing Bank during the preceding month and drawings during such month under all such Letters of Credit and (B) to the Agent on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit issued by such Issuing Bank.

  • Letter of Credit Requests (a) Whenever the Borrower desires that a Letter of Credit be issued for its account or for the account of any of its Subsidiaries, it shall give the Administrative Agent and the Letter of Credit Issuer at least five (or such lesser number as may be agreed upon by the Administrative Agent and the Letter of Credit Issuer) Business Days’ written notice thereof. Each such notice shall be executed by the Borrower and shall be in the form of Exhibit G (each a “Letter of Credit Request”).

  • Letter of Credit Subfacility (a) During the Revolving Credit Commitment Period, the Borrower may request the issuance of standby Letters of Credit to support obligations of a Subsidiary of the Parent which finance the working capital and business needs of a Subsidiary of the Parent by delivering to the Issuing Bank a completed Application for letters of credit in such form and with such other certificates, documents and information as the Issuing Bank may specify from time to time by no later than 12:00 noon, Philadelphia time, at least five (5) Business Days (or such shorter period as may be agreed to by the Issuing Bank) in advance of the proposed date of issuance. Each Application for issuance of a Letter of Credit shall be accompanied by an issuance fee based upon the Issuing Bank’s standard schedule of fees charged for issuing letters of credit as such may be amended from time to time. Subject to the terms and conditions hereof and in reliance on the agreements of the other Revolving Credit Lenders set forth in this Section, the Issuing Bank will issue a Letter of Credit, provided, that each Letter of Credit shall (i) have a maximum maturity of twelve (12) months from the date of issuance, and (ii) in no event expire later than five (5) Business Days prior to the Revolving Credit Termination Date, and provided further, that in no event shall the amount of the Letter of Credit Obligations at any one time exceed the lesser of (i) the L/C Sublimit and (ii) the aggregate Revolving Credit Commitments minus the aggregate principal amount of the Revolving Credit Loans then outstanding. The Issuing Bank shall not at any time be obligated to issue any Letter of Credit hereunder if such issuance would conflict with, or cause the Issuing Bank or any Letter of Credit Participant to exceed, any limits imposed by any applicable Requirement of Law. Notwithstanding the provisions of this Section, the Revolving Credit Lenders and the Borrower hereby agree that the Issuing Bank may issue upon the Borrower’s request, one or more Letter(s) of Credit which by its or their terms may be extended for additional periods of up to one year each provided that (I) the initial expiration date (or any subsequent expiration date) of each such Letter of Credit is not later than five (5) Business Days prior to the Revolving Credit Termination Date, and (II) renewal of such Letter(s) of Credit, at the Issuing Bank’s discretion, shall be available upon written request from the Borrower to the Issuing Bank at least thirty (30) days (or such other time period as agreed by the Borrower and the Issuing Bank) before the date upon which notice of renewal is otherwise required. Each standby Letter of Credit shall be subject either to the Uniform Customs and Practice for Documentary Credits as most recently published by the International Chamber of Commerce at the time a Letter of Credit is issued (“UCP”) or the International Standby Practices (ISP98 International Chamber of Commerce Publication Number 590 (“ISP98”)), as determined by the Issuing Bank.

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