Purchased Equipment definition
Examples of Purchased Equipment in a sentence
The Manufacturer shall supply each item of Purchased Equipment to the Purchaser by the relevant Contractual Acceptance Date for that item in consideration for the Purchaser procuring payment to the Manufacturer of the Contract Price in respect of each such item in each case in accordance with the terms of this Agreement.
The Manufacturer is not entitled to suspend works under the Contract or Delivery of the Purchased Equipment as a result of any sums being outstanding.
The Manufacturer undertakes that it shall not at any time create or purport to create any Security over any Unit or any other item of Purchased Equipment (including any Manual or other documentation) to be Delivered in accordance with this Agreement and which has been, or is to be, supplied to the Purchaser under and in accordance with the terms of this Agreement.
Where an item of Purchased Equipment and/or any Part of the same is rectified or replaced due to a Defect, the Defect Rectification Period for the that item shall be twelve (12) months from the date of repair or (as the case may be) replacement certified in writing by the Purchaser.
Subject to Clauses 27.2 and 27.4 the occurrence of a Force Majeure Event which directly causes delay to the supply of a Unit and/or any other item of Purchased Equipment will entitle the Manufacturer to an extension of time as provided for in Clause 15.