Warranty Costs definition

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 has the meaning set forth in Section 6.11(a).

Warranty Costs has the meaning assigned in Section 5.20.

Examples of Warranty Costs in a sentence

• Seller shall not be liable for any Excluded Defects or for any Excluded Warranty Costs.

• Subject to Article 28, the Excess Warranty Costs shall be reimbursed by the Risk Pool IPD Team Members and the Owner will invoice such parties for their respective portions of the Excess Warranty Costs within thirty (30) days after the Excess Warranty Costs are determined and the Risk Pool IPD Team Members will make payment to the Owner within fifteen (15) days of receipt of invoice.

• DPMO (Defects Per Million Opportunity)Product / Process Risk Category Supplier’s quality performance in addition may be measured though one or more of the following: • Defects at Receiving PPM (Parts Per Million)• % of Lots delivered with defective product• Warranty Costs / PPM• PPAP first time submission pass• Corrective Action Response performance (Time to containment)• Repeat concerns• Recalls due to Supplier• On Time Delivery A target objective will be defined in agreement with Dometic Quality.

• 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.

• 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.

More Definitions of Warranty Costs

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.

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. As defined in Section 5.20.

Warranty Costs means all costs incurred by Buyer, net of any salvage or scrap value, in performing warranty obligations with respect to products sold by Seller prior to the Closing, calculated in accordance with the past practices of Seller in a manner consistent with Seller’s warranty policies or obligations regarding repair and replacements of products in effect immediately prior to the Closing,

Warranty Costs. As defined in Section 5.13.

Warranty Costs means costs and expenses associated with correcting, returning or replacing defective or allegedly defective Products (or compensating for damage caused by such defective Products), whether such costs and expenses arise out of Claims sounding in warranty, contract, tort or otherwise.

Warranty Costs means the reasonable costs actually incurred by Buyer or any of its Affiliates in fulfilling Buyer’s obligations under this Section 6.12(a), including a reasonable application of overhead costs.