Examples of Reliability Guarantee in a sentence
The Seller's liability for failure to meet the Dispatch Reliability Guarantee values will be governed solely by the terms of this Dispatch Reliability Guarantee.
Such procedure shall be repeated as necessary until the Reliability Guarantee has been achieved.
The Seller hereby guarantees to the Buyer the performance by the Manufacturer of its obligations under this Technical Dispatch Reliability Guarantee and hereby assigns to the Buyer, and the Buyer hereby accepts, all of the rights and obligations of the Seller as aforesaid under the said Technical Dispatch Reliability Guarantee, and the Seller subrogates the Buyer into all such rights and obligations in respect of the Aircraft.
The Buyer and Seller recognize and agree that, except as otherwise expressly provided in Paragraph 7 of this Letter Agreement, all the provisions of Clause 12 of the Agreement, including without limitation the Exclusivity of Warranties and General Limitations of Liability and Duplicate Remedies therein contained, will apply to the foregoing Technical Dispatch Reliability Guarantee.
The Seller, under its arrangement with the Manufacturer, has negotiated and obtained the following Technical Dispatch Reliability Guarantee from the Manufacturer with respect to the Aircraft, subject to the terms, conditions, limitations and restrictions all as hereinafter set out.
The Notice of Reliability Guarantee Achievement shall contain a report of the results of the Reliability Run in a form acceptable to Owner and with sufficient detail to enable Owner to determine whether the Reliability Guarantee has been achieved.
When Contractor believes that it has achieved the Reliability Guarantee, it shall deliver to Owner a written notice thereof (the "Notice of Reliability Guarantee Achievement").
Contractor guarantees that, in no event later than the occurrence of Final Acceptance of the Facility hereunder, the Facility shall have successfully completed the Reliability Run (the "Reliability Guarantee").
Owner shall, within fifteen (15) days following receipt of the Notice of Reliability Guarantee Achievement, review the results of the Reliability Run and either (a) deliver to Contractor a certificate stating that the requirements in Section 6.6.1 hereof have been satisfied (the "Reliability Certificate"), or (b) if reasonable cause exists for doing so, notify Contractor in writing that the Reliability Guarantee has not been achieved, stating in detail the reasons therefor.
For all purposes of this Agreement, the date of achievement for the Reliability Guarantee shall be deemed to be the date on which Contractor delivers to Owner the Notice of Reliability Guarantee Achievement relating to the Reliability Run that Owner subsequently delivered the Reliability Certificate pursuant to Section 6.6.3 hereof.