Warranty Holdback definition

Warranty Holdback has the meaning set out in Section 43.1;
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Warranty Holdback shall have the meaning set forth in Section 22.1 of this Agreement.
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Warranty Holdback has the meaning set out in Section 45.1; “Warranty Period” has the meaning set out in Section 40.1;
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Examples of Warranty Holdback in a sentence

  • In addition to any amount held under the Warranty Holdback Clause, a holdback of twice the estimated value of outstanding work will be held until completion of said work.

  • In addition to any amount held under the Warranty Holdback Clause, a holdback of twice the estimated value of outstanding work will be held until that work is completed.

  • In addition to any amount held under the Warranty Holdback Clause (see section 7.3 above), a holdback of twice the estimated value of outstanding work will be held until completion of said work.

  • In addition to any amount held under the Warranty Holdback Clause, a holdback of twice the estimated value of outstanding work will be held until completion of the Work.

  • If the contract is not bonded then the holdback shall be 13% which includes the Warranty Holdback.

  • In addition to any amount held under the Warranty Holdback Clause, a holdback of twice the estimated value ofoutstanding work will be held until that work is completed.

  • Pursuant to the terms of the Warranty Holdback Escrow Agreement, Purchaser will have access to the Warranty Holdback funds in the event that Seller does not promptly complete repairs required under the Seller Warranty.

  • In addition to any amount held under the Warranty Holdback Part 7, article 6.3, a holdback of twice the estimated value of outstanding work will be held until that work is completed.

  • In addition to any amount held under the Warranty Holdback clause, a holdback of twice the estimated value of outstanding work will be held until completion of the Work.

  • The Warranty Holdback, which amounts to about $26,000 +HST, will be released in the spring of 2020.


More Definitions of Warranty Holdback

Warranty Holdback has the meaning as set out in Section H5.1 of the Design Build Agreement;
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Warranty Holdback shall have the meaning set forth in Section 2.2.
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Warranty Holdback has the meaning set out in Schedule 8 [Payments];
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Related to Warranty Holdback

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

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Adjustment Escrow Amount means $1,000,000.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Holdback Amount has the meaning set forth in Section 2.1(c).

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any interest or other amounts earned thereon.

  • Holdback has the meaning set forth in Section 4.1(d)(i).

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

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

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

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

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

  • Buyer Losses shall have the meaning set forth in Section 11.1 hereof;

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

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

  • Working Capital Escrow Amount means $2,000,000.

  • Contract Consideration has the meaning set forth in the definition of “Excess Cash Flow.”

  • Escrow Cash is defined in Section 4.1(a).

  • Escrow End Date has the meaning specified in the Escrow Agreement.