Warranty Deductible definition

Warranty Deductible means a $100 deductible paid for a repair visit under the 6.0L PowerStroke® Diesel Engine Coverage of Ford’s New Vehicle Limited Warranty following the expiration of the Bumper-To-Bumper Coverage of Ford’s New Vehicle Limited Warranty.
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Warranty Deductible has the meaning assigned to it in Section 7.2(a).
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Warranty Deductible has the meaning set forth in Section 9.2(d). EXECUTION COPY =============================================================================== DISCLOSURE SCHEDULES TO STOCK AND ASSET PURCHASE AGREEMENT between ITT INDUSTRIES, INC. and XXXXXX-STANDARD AUTOMOTIVE INC. Dated as of December 4, 2005 =============================================================================== INTRODUCTION These Disclosure Schedules (the "DISCLOSURE SCHEDULES") are being delivered by ITT INDUSTRIES, INC. ("ITT") and XXXXXX-STANDARD AUTOMOTIVE INC. ("PURCHASER") in connection with the execution and delivery of the Stock and Asset Purchase Agreement (the "AGREEMENT"), dated as of December 4, 2005, between ITT and Purchaser. Neither the specification of any dollar amount in any Disclosure Schedule nor the mere inclusion of an item in a Disclosure Schedule as an exception to a representation or warranty shall be deemed an admission by a party that such item represents an exception or material fact, event or circumstance or that such item is reasonably likely to result in a Seller Material Adverse Effect, a Business Material Adverse Effect or a Purchaser Material Adverse Effect, as the case may be. No disclosure in these Disclosure Schedules relating to any possible breach or violation of any law or contract shall be construed as an admission or indication that any such breach or violation exists or has actually occurred. Any fact or item that is disclosed on any Disclosure Schedule in such a way as to make its relevance or applicability to the information called for by another Disclosure Schedule or other Disclosure Schedules reasonably apparent on its face shall be deemed to be disclosed on such other Disclosure Schedule or Disclosure Schedules, as the case may be, notwithstanding the omission of a reference or cross-reference thereto. The Section headings contained in these Disclosure Schedules are for reference purposes only and shall not affect the meaning or interpretation of the Agreement or these Disclosure Schedules. In disclosing the information in these Disclosure Schedules, ITT expressly does not waive any attorney-client privilege associated with such information or any protection afforded by the work-product doctrine with respect to any of the matters disclosed or discussed herein. The information contained in these Disclosure Schedules is in all respects subject to the Confidentiality Agreement. SCHEDULE 1.1 CONVEYANCE DOCUMENTS FOR ENTITY PURCHASE TRANSFERS (SECTION 1....
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Examples of Warranty Deductible in a sentence

  • Claims for reimbursement of costs incurred for an Extended Warranty Period Repair or Warranty Deductible payment must be submitted by December 31, 2013.

  • To obtain a reimbursement for Out-of-Pocket Expenses incurred obtaining an Extended Warranty Period Repair or a reimbursement for a Warranty Deductible, a Settlement Class Member must submit a claim to Ford.

  • Claims for partial reimbursement of any Warranty Deductible(s) (Section II.F) must include: (1) the vehicle identification number; and (2) proof, such as an invoice marked paid by the dealer, that the Settlement Class Member paid two or more Warranty Deductibles (including, as to each such payment, the amount paid, the date of the Warranty Repair that necessitated the Warranty Deductible, and the mileage on the Class Vehicle at the time of the Warranty Repair that necessitated the Warranty Deductible).

  • Purchaser agrees to allow Seller and Seller's independent certified public accountants reasonable access to Purchaser books and records for purposes of warranty expense verification, and the Warranty Deductible, from time to time.

  • Purchaser shall assume the Assumed Liabilities, including Product warranty liabilities (subject to the Warranty Deductible), Business and trade payables, and transfer or assumption of all payment liability to the appropriate OEM for chassis in the chassis inventory of Seller, including chassis under OEM bailment/converter agreements relating to the Business, and release Seller from such liability.

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  • After discussion and upon motion duly made and seconded, it was23 unanimously24 RESOLVED that the Sewer Maintenance Warranty Deductible Endorsement for 2016 be25 and hereby is approved as presented.

  • All unreimbursed Indemnifiable Losses attributable to COI Warranty Claims and to CCL Warranty Claims incurred by Purchaser in excess of the applicable Warranty Deductible Amount shall be included in the calculations to determine whether the Deductible Amount has been satisfied for purposes of Section 12.1. Parent shall pay Purchaser for all sums incurred in excess of the Warranty Deductible Amount within thirty (30) days of receipt of Purchaser's written documentation supporting its Indemnifiable Losses.

  • In recognition of the fact that after the Closing Seller will no longer be in the business of manufacturing and assembling the products, Buyer agrees to attend to the repair or replacement of such products as Seller identifies to Buyer as being subject to a valid warranty claim, in an amount in the aggregate under all warranty claims not to exceed $5,000, as a one time deductible (the "Warranty Deductible").

  • Revenues from non-contracted capacity are comprised of energy payments, at market prices, for each MWh produced and are recognized upon delivery.In certain situations, a long-term electricity or thermal sales contract may contain, or be considered, a lease.

Related to Warranty Deductible

  • Deductible has the meaning set forth in Section 11.1(e).

  • Bankruptcy Loss Coverage Amount As of any date of determination, the Bankruptcy Loss Coverage Amount shall equal the Initial Bankruptcy Loss Coverage Amount as reduced by (i) the aggregate amount of Bankruptcy Losses allocated to the Certificates since the Cut-off Date and (ii) any permissible reductions in the Bankruptcy Loss Coverage Amount as evidenced by a letter of each Rating Agency to the Trustee to the effect that any such reduction will not result in a downgrading, qualification or withdrawal of the then current ratings assigned to the Classes of Certificates rated by it.

  • Fraud Loss Coverage Amount As of the Closing Date, $10,458,862 subject to reduction from time to time, by the amount of Fraud Losses allocated to the Certificates. In addition, on each anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will be reduced as follows:

  • Seller Losses has the meaning set forth in Section 10.2(a).

  • Buyer Losses has the meaning set forth in Section 10.1(a).

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $5,000,000. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • Initial Bankruptcy Loss Coverage Amount $226,715.

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).

  • Covered Losses has the meaning set forth in Section 9.2(b).

  • Gross Liability Value means, with respect to any Liability of the Partnership described in Treasury Regulation Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume such Liability in an arm’s-length transaction.

  • Excess Fraud Loss Any Fraud Loss, or portion thereof, which exceeds the then applicable Fraud Loss Amount.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of twenty nine million dollars ($ 29,000,000.00).

  • Guarantee/Warranty/ Defect Liability Period (DLP) means the period and other conditions governing the warranty/guarantee/defect liability period of the services as provided in the Contract.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Electrical Losses means all electrical losses associated with the transmission of Product to the Delivery Point, including if applicable, but not limited to, any transmission or transformation losses between the CAISO revenue meter and the Delivery Point.

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Warranty Claim means a claim for breach of any of the Warranties.

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Indemnity Escrow Amount means $3,000,000.

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Property Loss Event means any loss of or damage to property of Group or any Subsidiary thereof that results in the receipt by such Person of proceeds of insurance in excess of $2,000,000 or any taking of property of Group or any Subsidiary thereof that results in the receipt by such Person of a compensation payment in respect thereof in excess of $2,000,000.

  • Indemnity Cap has the meaning set forth in Section 9.2(b).