Assumed Warranties definition

Assumed Warranties means the warranty obligations of DCC with respect to those products itemized in Exhibit “B” to this Plan.
Sample 1Sample 2Sample 3
Assumed Warranties and “Assumed Warranty Liability” have the meanings set forth in Section 1.3(c).
Sample 1Sample 2
Assumed Warranties shall have the meaning set forth in Section 1.1(b).
Sample 1

Examples of Assumed Warranties in a sentence

  • Seller and Buyer shall cooperate to complete the final calculation of Current Assets, Other Assets and Assumed Warranties as soon as possible, but in no event later than one hundred fifty (150) days following the Closing Date.

  • As used in this Agreement, the term "Assumed Liabilities" means all obligations and liabilities of Seller specifically set forth on Schedule 2(b) attached hereto; (ii) the Assumed Warranties; and (iii) all obligations and liabilities of Seller under the terms and conditions of any Contract.

  • The Cash Portion will be increased or decreased on a dollar for dollar basis by the amount that Current Assets is more or less than $2,540,000.00 and Other Assets is more or less than $67,500.00, and will be decreased by the amount of the Assumed Warranties described in Section 1.3(b), if any.

  • Schedule 3.8 is a ------------------------------------- preliminary calculation of the Current Assets, Other Assets and Assumed Warranties and the Cash Portion of the Purchase Price relating thereto to be paid at Closing based upon the June 30 Balance Sheet.

  • Pending final calculation of Current Assets, Other Assets and Assumed Warranties under Sections 3.6 and 3.7 and the Accounts Receivable Shortfall (as hereinafter defined), if any, $400,000.00 (the "Holdback Amount") of the Cash Portion of the Purchase Price shall be held back at the Closing.

  • As of the Closing Date (as ---------------------------- hereinafter defined in Section 3.1), Buyer shall assume only the following liabilities of Seller (the "Assumed Liabilities"): (a) liabilities arising from and after the Closing Date under the Assigned Contracts and the Lease; and (b) warranty liabilities ("Assumed Warranties"), if any, to the extent of the warranty reserve reflected in the Closing Balance Sheet (as hereinafter defined in Section 3.6).

  • Such Participant's Required Beginning Date shall not be later than the April 1 of the calendar year following the calendar year in which such later Plan Year ends.

  • To the knowledge of Seller and Shareholder, there exists no defect or other matter with respect to the used equipment covered by the Assumed Warranties that could reasonably be expected to result in a material claim thereunder.

  • The Assumed ----------- Accounts and Assumed Warranties will only be assumed by the Company to the extent of the amount thereof included in the computation of Net Working Capital (as hereinafter defined in Section 2.1).

  • Aggregate claims against warranties given by Seller on sales of used equipment similar to the coverage afforded and equipment covered by the Assumed Warranties have not exceeded the following amounts for the following calendar years: 1997- $5,000; 1996 - $5,000; 1995 -$5,000; 1994 - $5,000; and 1993 - $5,000.


More Definitions of Assumed Warranties

Assumed Warranties the warranty liabilities and obligations associated with the equipment model and serial numbers and/or order numbers identified on SCHEDULE 2.1(B) and assumed by Buyer pursuant to Section 2.1(b) and no others.
Sample 1
Assumed Warranties. 2.3(e) "Buyer" Preamble "Buyer Closing Deliveries" 2.6(c)(i) "Buyer Material Adverse Effect" 4.1 "Closing" 2.6(a) "Closing Date" 2.6
Sample 1
Assumed Warranties means the warranties of Seller outstanding on the Closing Date for used equipment previously sold by it and not covered by a manufacturer's warranty.
Sample 1
Assumed Warranties. 2.3(b) "Business" Recitals "Buyer" Preamble "Buyer Indemnified Parties" 7.3 "Buyer Material Adverse Effect" 4.1 "Claim Notice" 7.5 "Closing" 2.6(a) "Closing Date" 2.6(a) "COBRA" 5.3(d) "Dispute Notice" 7.5(b) "Dispute Settlement" 7.5(b) "Equipment" 2.1(a) "Excluded Assets" 2.2 "Excluded Liabilities" 2.4 "Financial Statements" 3.4(a) "Guaranty" 2.6(c)(iv) "Indemnified Party" 7.5 "Indemnifying Party" 7.5 "Leased Real Property" 3.23 "Loss" or "Losses" 7.3 "Material Contracts" 3.11(a) "Negotiation Period" 7.6(a) "Non-Competition Agreements" 2.6(c)(iii)
Sample 1

Related to Assumed Warranties

  • Purchaser Warranties shall have the meaning ascribed to the term in Clause 8.1;

  • Seller’s Warranties means Seller’s representations and warranties set forth in Section 9.2 and the Closing Documents executed by Seller, as such representations and warranties may be deemed modified or waived by Buyer pursuant to the terms of this Agreement.

  • Seller Warranties shall have the meaning ascribed to the term in Clause 7.1.

  • Warranties - means collectively any and all warranties (if any) given by the Bidder in terms of this agreement.

  • Purchaser’s Warranties means the warranties of the Purchaser set out in Clause 6.2 and Schedule 2;

  • Tax Warranties means the warranties contained in Part 2 of Schedule 8;

  • Extended Warranty means an agreement for a specified duration to

  • Limited Warranty means the limited warranties and your coverage provided by IKO for your Shingles as expressly set out in this document, and are the only warranties being provided by IKO.

  • Fundamental Representations and Warranties means the representations and warranties contained in Sections 3.1, 3.2, 3.6, 4.1 and 4.

  • Representations means the written Representations and Warranties provided by Borrower to Silicon referred to in the Schedule.

  • Representations and Warranties means the representations and warranties mentioned in Clause 4 hereto;

  • Warranty Rights means the Warranty Rights as described in Schedule I to the Participation Agreement.

  • Seller Use means fuel used for gas compression, LPG plants and LNG plants, other gas needed by Seller's facilities to furnish the requirements of Buyers, together with unaccounted for gas. This gas shall be considered Included In Priority of Service Category 1. Other vital uses of Seller, such as flame stabilization requirements, will be met as long as such uses do not jeopardize service to its firm service Buyers.

  • Warranty Xxxx of Sale means the warranty (as to title) xxxx of sale covering the Aircraft executed by Manufacturer or an affiliate of Manufacturer in favor of Company and specifically referring to each Engine, as well as the Airframe, constituting a part of the Aircraft.

  • Product Warranty has the meaning set forth in Section 9.3.

  • Fundamental Warranties means the representations and warranties of Group Companies set forth in Sections 4.1 (Organization, Standing and Qualification), 4.2 (Capitalization and Other Particulars of the Group Companies), 4.3 (Due Authorization), 4.4 (Valid Issuance of Purchased Shares), 4.5 (No Conflicts), 4.6 (Compliance with Law; Licenses), 4.8 (Financial Statements) and 4.19 (Taxes).

  • Assumed Liabilities has the meaning set forth in Section 2.3.

  • Express warranty means an express warranty as set forth in sections 4-2-313 and 4-2.5-210, C.R.S. An express warranty shall cover every part of a new facilitative device.

  • Assumed Agreements shall have the meaning as set forth in Section 2.2.

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Manufacturer’s Warranty means the warranty supplied from time to time by the manufacturer of the Goods as at the date of the acceptance of the Statement of Work; “PPSA” means the Personal Property Securities Xxx 0000; “Price” means the amount specified within each Statement of Work (subject to any Variation) or as otherwise specified from the Company to the Customer representing the cost for the Works; “Related Work” means any additional building, carpentry, painting, plastering, plumbing or other work or other trades that the Customer requires, which are not to be carried out by the Company; “Services” means the services provided by the Company to the Customer as part of the Works, which may include without limitation the installation of Goods; “Services Delay Charge” means the services delay charge (if any) set out in the Statement of Work; “Services Interruption Event” means any interruption to a Works caused by; a Force Majeure Event, the Customer’s failure to carry out or perform any obligation required of it under this agreement which in the sole opinion of the Company does or may cause a delay in the Works and any other matter which in the reasonable opinion of the Company will cause an interruption or delay in the performance of the Works; “Statement of Work” means the details outlining the provision of the Works, which statement can be delivered verbally or in writing (including email) and may include (where applicable) an estimate or quotation (as specifically expressed as the case) of costs; “Variation” means a change in the Statement of Work including the specifications, scope, time of supply, price or scale of the Works and such variation shall form part of this agreement; “Workmanship” means a good and high quality and standard of delivery in connection with the Services performed; “Works” means the supply of Goods and the provision of Services to the Customer as per each Statement of Work;

  • Seller Damages shall have the meaning given to such term in Section 14.3.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.