Examples of Inherent Defects in a sentence
ARTIST represents and warrants that, for a period of three years after final acceptance, the WORK will be free of defects in workmanship or materials, including Inherent Defects, and that the WORK will be executed in permanent, non-fugitive materials that will not tend to degrade or fade over long-term installation at the Site.
ARTIST represents and warrants that, for a period of three years after final acceptance, the WORK will be of defects in workmanship or materials, including Inherent Defects, and that the WORK will be executed in permanent, non-fugitive materials that will not tend to degrade or fade over long-term installation at the Site.
Artist/Contractor represents and warrants that, for a period of three years after final acceptance, the Work <<INSERT ANY ADDITIONAL INFORMATION REGARDING THE WORK IF NEEDED (I.E., INCLUDING BUT NOT LIMITED TO THE X, Y, AND Z)]>> will be free of defects in workmanship or materials, including Inherent Defects (as defined below), and that the Work will be executed in permanent, non-fugitive materials that will not tend to degrade or fade over long-term installation at the Site.
Contractor represents and warrants that, for a period of three years after final acceptance, the Artwork [insert any additional information regarding the Work if needed (i.e. including but not limited to X, Y, and Z] will be free of defects in workmanship or materials, including Inherent Defects (as defined below), and that the Artwork will be executed in permanent, non-fugitive materials that will not tend to degrade or fade over long-term installation at the Site.
Inherent Defects in the Insured Item The Insurer will not be responsible for any damages arising from inherent defects in the insured item, except when the parties establish otherwise.
According to article 3039 and article 3277 through 3282 of the Civil Code stipulate about maintenance guarantee as discussed under Decennial (Latent Defects) (Inherent Defects) Insurance in the same section.
Inherent Defects Insurance (IDI) became mandatory for all non-government construction projects, with a ten-year cover, in the Kingdom from 2020.
As part of the arrangement, Saudi Re actsas the exclusive reinsurer for the Saudi Arabian Inherent Defects Coinsurance Program for five years.The Inherent Defects Insurance (IDI) became a mandatory requirement for contractors involved in private sector construction projects, following the Council of Ministers Resolution No. 509 issued on 5 June 2018.
The SCOR Global P&C segment is categorised into the following four product groups:◼ Property and Casualty Treaties◼ Specialty Treaties: including Credit & Surety, Ten-Year Inherent Defects Insurance, Aviation, Space, Marine, Engineering, Agriculture and Structured Risk Transfer.◼ Business Solutions (facultative) An amendment to IFRS 7 “Financial instruments: Disclosures” was published in March 2009 and is applicable for annual accounting periods beginning on or after January 2009.
In August 2020, Saudi Re announced the signing of an exclusive reinsurance contract with Malath Insurance Company on behalf of the Saudi insurance industry’s participants in the Inherent Defects Coinsurance Program.