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Warranty Costs definition

Warranty Costs has the meaning set forth in Section 6.11(a).
Warranty Costs. The costs and expenses associated with refunding, correcting, returning or replacing defective or allegedly defective products or services, whether such costs and expenses arise out of Claims sounding in warranty, Contract, tort or otherwise.
Warranty Costs means (i) the Acquired Companies' out-of-pocket costs incurred in connection with work performed to address Covered Claims, (ii) an amount equal to $25 for each hour any customer service employee of any Acquired Company performs work to address any Covered Claim, provided that such work is reasonably necessary to address such Covered Claim and is supported by reasonable documentation of the hours spent, and (iii) any amounts for which the Acquired Companies reimburses Seller pursuant to Section 9.4(b)(ii) hereof.

Examples of Warranty Costs in a sentence

  • The Designated Manager may also provide the Committee other information, records, documents or evidence relating to a specific Repair Request (and the related estimate, Warranty Costs or Fund Payment) that the Committee may reasonably request.

  • If, during Buyer's Administration Period, a Claimant has notified Seller that Buyer has not resolved that Claimant's Warranty Claim to the reasonable satisfaction of the Claimant, Seller may take reasonable and necessary action to resolve the Warranty Claim and Seller may withdraw funds from the Warranty Fund to pay for Warranty Costs and Expenses incurred in taking such action.

  • Warranty Costs -- Estimated costs of warranty repairs are provided at the time of sale of the related product.

  • If money is paid from the Fund in respect of Warranty Costs, ICBC must pay to the Fund any money, or the value of any other thing, received by ICBC from any other source on account of the loss that gave rise to the Fund payments, up to the amount paid from the Fund.

  • Following UNOVA's receipt of such consent by Amtech, such Selling Entity or member of TSG may incur such Excess Warranty Costs, and Amtech shall pay to UNOVA the amount of such Excess Warranty Costs actually incurred by such Selling Entity or member of TSG.


More Definitions of Warranty Costs

Warranty Costs means the costs and expenses associated with refunding, correcting, returning or replacing defective products or services, whether such costs and expenses arise out of claims sounding in warranty, contract, tort or otherwise.
Warranty Costs are limited to the replacement of the defective Goods and the labor costs associated with any replacement. At the end of each calendar quarter, Beyond Meat will provide Supplier with: (a) a statement of the total Warranty Costs incurred during that quarter; and (b) an invoice for the Warranty Costs reflected on the quarterly statement. Within [***] days of Supplier’s receipt of Beyond Meat’ invoice, Supplier will pay Beyond Meat by wire transfer the amount stated on the invoice. Supplier may not delay payment of any quarterly invoice beyond such [***] day period, except that Supplier may withhold payment of that portion of the quarterly invoice relating to any warranty claim that Supplier has rejected and specifically identified in writing to Beyond Meat (“Challenged Claims”). Supplier’s right to notify Beyond Meat of any Challenged Claims, and to request further information with respect to any Challenged Claims, must be exercised within the [***] day period following receipt of Beyond Meat’s invoice. If Supplier fails to timely pay any unchallenged Warranty Costs, Beyond Meat will be entitled to offset any of its liabilities to Supplier by the amount of such unchallenged Warranty Costs. Supplier and Beyond Meat agree to use their best efforts to promptly resolve all Challenged Claims and, when resolved, Supplier will immediately reimburse Beyond Meat for the agreed upon amount. Supplier and Beyond Meat each acknowledge the benefit of reducing Warranty Costs and agree to jointly investigate, analyze and develop strategies that will result in the reduction of Warranty Costs during the term of this Agreement.
Warranty Costs has the meaning assigned in Section 5.20.
Warranty Costs. As defined in Section 5.17.
Warranty Costs. As defined in Section 5.13.
Warranty Costs means the costs and expenses of servicing, repairing and/or replacing, or allowances for service, repair, return or replacement, of defective or allegedly defective or improperly selected products or parts or components thereof distributed, manufactured or sold by the Companies and the costs of materials and expenses of replacing materials or products or correcting any jobs or materials inadequately performed or manufactured, together with such legal liability, if any, as may exist under the Uniform Commercial Code in connection with sales of products, whether such costs and expenses relate to or arise out of claims or causes of action which assert causes sounding in tort, contract or warranty, or any combination of the foregoing.
Warranty Costs means costs and expenses associated with correcting, returning or replacing defective or allegedly defective products or services, whether such costs and expenses arise out of Claims sounding in warranty, contract, tort or otherwise.