Guaranty Period means the warranty period, and refers to the period for which Seller guaranties to Buyer, or the Customer, and their successors and assigns, that the Contract Work will conform the Contract, be free from defects in material, workmanship and design, conform to the specifications for the period defined in the Prime Contract after Delivery of the Vessel to the Customer, plus any additional time as required by the Prime Contract and as defined in the Special Terms and Conditions for the applicable program in the “Guaranty Period” Clause. For Contract Work delivered in support of new vessel construction for commercial (non-U.S. Government) Customers, the Guaranty Period is 12 months from the date of the Vessel is delivered to the Customer.
Guaranty Period means the period for which Seller guaranties to Buyer, the Government or Owner, and their successors and assigns, that the Contract Work will conform to this Contract and will be free from defects in material, workmanship and design and will conform to the Specifications for a period defined in the Prime Contract after Delivery of the Vessel to the Government or Owner, plus any additional time as required by the Prime Contract and as defined in the Military Shipbuilding Programs, Contract, Special Terms and Conditions for the applicable military program in the “Guaranty Period” Section.
Examples of Guaranty Period in a sentence
FINAL ACCEPTANCE - The acknowledgment by the Owner that the Guaranty Period has expired and there appear to be no outstanding items to be corrected under the provision of the guaranty.
The Contractor warrants that the Work shall be in Good Repair during the Guaranty Period.
The inspection or testing of any portion of the Contract Work does not relieve Seller from its responsibility to correct defects or non-conformities which may be discovered in Contract Work not inspected or tested or which is discovered during the Guaranty Period.
This right specifically extends to, without limitation, any period after acceptance of the Contract Work and prior to commencement of the Guaranty Period.
The Guaranty Period shall not begin until the date of Final Settlement.
More Definitions of Guaranty Period
Guaranty Period means the warranty period, and refers to the period for which Seller guaranties to Buyer, or the Customer, and their successors and assigns, that the Contract Work will conform to the Contract, including without limitation the specifications, and be free from defects in material, workmanship and design. Except as otherwise set forth in an applicable Purchase Order or in the Special Terms and Conditions for the applicable program, the Guaranty Period shall begin after Delivery and continue for: (i) 90 days, for Contract Work delivered in support of Vessel repair for a Government Customer; (ii) 12 months, for Contract Work delivered in support of new Vessel construction for a Government Customer; and (iii) 12 months, for Contract Work delivered in support of new Vessel construction for a commercial (non-Government) Customer.
Guaranty Period means, as the case may be, the Initial Guaranty Period or any Subsequent Guaranty Period.
Guaranty Period means the period commencing on the Delivery Date and --------------- ending on the date which falls twelve (12) months after the Delivery Date. The following items will be covered for twenty four (24) months, hull structure, the heating and ventilation equipment, raw water system, black water system and main wiring.
Guaranty Period commencing on date of this Guaranty and ending on the date on which the Guaranteed Obligations have been fully satisfied and performed and the period of time has expired during which any payment received by LHC hereunder or any act performed by Guarantors may be determined to be a preferential or fraudulent transfer under the United States Bankruptcy Code or other similar applicable laws.
Guaranty Period means the 12 months following the date of Delivery of a Vessel, during which the Contractor guarantees against all Deficiencies that are discovered, as described in Article 19.
Guaranty Period means the period during which Guarantor is obligated to fund any Operating Deficit pursuant to the Operating Deficit Guaranty Agreement.
Guaranty Period shall be the period commencing on the date hereof, and ending on the Development’s achievement of a 1.15 combined Debt Service Coverage Ratio with respect to the Project Loan and the Bridge Loan, as determined by an independent certified public accountant, ninety percent (90%) occupancy, and ninety percent (90%) of the gross potential rental income, for a period equal to twelve (12) consecutive months. Notwithstanding the above, the Guaranty Period shall not terminate earlier than three (3) years following the final certificate of occupancy. Failure to send notice of the expiration of the Guaranty Period shall have no effect on the expiration of the Guaranty Period.