Warranty Liabilities definition

Warranty Liabilities means Liabilities for return, replacement, repair or correction of non-conforming products, but excluding any Liabilities for late delivery or late performance arising from failure to deliver timely products or services.

Warranty Liabilities means Liabilities arising under express written warranties issued by any Seller (including Liabilities resulting from any failure by Purchaser to honor or perform such express written warranties in accordance with their terms) in connection with the sale of a Sellers’ products produced in the ordinary course of business at any of the Seller Plants, the terms of which warranties are set forth in Exhibit H attached hereto. Warranty Liabilities shall not include any Liability arising under any other purported warranty obligation, including implied warranties (such as, but not limited to, implied warranties of merchantability or fitness for particular purpose).

Warranty Liabilities means all Liabilities with respect to products or services that were manufactured or sold prior to the Closing Date.

Examples of Warranty Liabilities in a sentence

• Seller has no knowledge of any specific facts that would reasonably be expected to give rise to any Seller Warranty Liabilities in the future.

• If the amount of the EWL Reserve exceeds the total costs incurred by the Designated Purchasers in connection with such Extended Warranty Liabilities, the Purchaser shall keep such difference and have no reimbursement obligation to the Seller for such excess funds.

• Resulting traffic volumes would be less than 80 vehicles at any shift change period.

• Except for the Specified Liabilities, the Assumed Contracts and the Warranty Liabilities, Buyer shall not assume or be bound by any obligations or liabilities of Seller or any affiliate of Seller of any kind or nature, known, unknown, accrued, absolute, contingent or otherwise, whether now existing or hereafter arising whatsoever.

• To the extent that the SWL Reserve is less than three million three hundred and thirty three thousand three hundred and thirty three US Dollars (USD 3,333,333), the Seller will reimburse the Purchaser and any other Designated Purchaser any reasonable costs incurred by any of them for the performance of the Standard Warranty Liabilities after the Closing Date if such costs exceed in the aggregate one and a half times the SWL Reserve and only for that portion of the costs which exceed such amount.

More Definitions of Warranty Liabilities

Warranty Liabilities means those Liabilities of the Seller and its Subsidiaries for Products shipped on or prior to the Closing Date accruing in accordance with the warranties set forth in Section 4.1(v) of the Disclosure Schedule.

Warranty Liabilities has the meaning set forth in Section 2.4(o).

Warranty Liabilities means exclusively those Liabilities incurred in the ordinary course of business pursuant to warranties and similar programs of the Business to repair, replace, reperform or refund a purchase price of goods or services sold by the Business prior to the Closing Date; PROVIDED, HOWEVER, that such Liability shall not include any other cost, expense or Damages (whether or not resulting from a breach of such warranty) but shall include solely the obligation to repair, replace, reperform or refund a purchase price of goods or services.

Warranty Liabilities is defined in Section 1.4(b).

Warranty Liabilities means all liabilities of Seller arising from any warranty issued by Seller to any of its customers, whether such liabilities are known or unknown and whether asserted before or after the Closing Date.

Warranty Liabilities means the liabilities the Company and its Subsidiaries have accrued for the estimated future costs associated with warranties for certain defective roofing products sold by J.P. Stevens & Co., Inc. "Weekly Settlement Datx" xxxxx xxxe the meaning ascribed to such term in Section 2.07(a).

Warranty Liabilities means the estimated cost to service certain warranty obligations of Sellers arising from the Business calculated in good faith by the Sellers and set forth on the Warranty Liabilities Schedule.