Warranty Cap definition

Warranty Cap. , as used in this clause means the limitation of Contractor liability for warranty costs as they pertain to the EPR values provided in subparagraph (b)(1) below.

Warranty Cap means fourteen million five hundred thousand U.S. dollars ($14,500,000) less the fair market value of spare parts Inventory transferred to Buyer useable to service warranty obligations for Engenio Products listed on Schedule 1.1(b) sold prior to the Closing, which fair market value shall not exceed the dollar amount set forth on Schedule 1.1(d).

Warranty Cap means an amount equal to: (i) the Base Price; (ii) minus the Agreed Allowance; (iii) multiplied by 10%.

Examples of Warranty Cap in a sentence

• Seller shall pay to Buyer the Warranty Cap amount as set forth on Schedule 2.11.

• In addition to the provisions of Section 10.2(a), Sellers will indemnify and hold harmless Buyers, and the other Indemnified Persons for, and will pay to Buyers, and the other Indemnified Persons the amount of, any Damages (including appropriate labor and overhead costs) in connection with product warranty claims by third parties with respect to products Manufactured by the Business prior to the Closing Date solely to the extent such Damages exceed the Product Warranty Cap Amount.

• Warranty: Cap will be warranted against any defects in materials or workmanship (misuse, abuse and normal wear excepted).

• For the avoidance of doubt, claims, credits, reimbursements and any other payments made under this Section 8.9 are not subject to the Quarterly Warranty Cap or One-Year Warranty Cap or count against such caps.

• For the avoidance of doubt, claims, credits, reimbursements and any other payments made under this Section 2.8 are not subject to the Quarterly Warranty Cap or One-Year Warranty Cap or count against such caps.

More Definitions of Warranty Cap

Warranty Cap. As defined in Section 2.5 hereof.

Warranty Cap shall have the meaning set forth in Section 12.4(b).

Warranty Cap has the meaning given to it in Section 9.2.1.

Warranty Cap means a sum equal to the Consideration together with all Costs and expenses incurred by the Purchaser as a result of making any Claims; and

Warranty Cap as defined in Section 2.4(a)(vi)

Warranty Cap means fourteen million five hundred thousand U.S. dollars ($14,500,000) less the fair market value of spare parts Inventory transferred to Buyer useable to service warranty obligations for Engenio Products listed on S chedule 1.1(b) sold prior to the Closing, which fair market value shall not exceed the dollar amount set forth on S chedule 1.1(d).

Warranty Cap has the meaning given in Clause 10.1;