Assignable Warranties Clause Samples
The Assignable Warranties clause allows one party to transfer the benefits of warranties received from third parties, such as manufacturers or subcontractors, to another party, typically the buyer or end user. In practice, this means that if a contractor purchases equipment with a warranty, the warranty rights can be formally passed on to the project owner upon completion. This clause ensures that the party ultimately using or owning the goods or services can directly benefit from warranty protections, thereby reducing risk and providing assurance that defects or issues can be addressed even after the original transaction.
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Assignable Warranties. Effective on the Sale Date, any assignable warranties and indemnities given to relevant Seller by Manufacturer and the Engine manufacturer are hereby assigned to Buyer. Effective on the Sale Date, all other assignable vendor warranties with respect to the Aircraft are hereby assigned by relevant Seller to Buyer.
Assignable Warranties. 35 Section 9.02. Non-Assignable Warranties................................... 36
Assignable Warranties. At Delivery, Lessor will assign and make available to Lessee for the duration of the Lease Term the benefit of all assignable warranties provided to Lessor by the Airframe Manufacturer and the Engine Manufacturer pursuant to airframe and engine warranty assignment agreements in form and substance satisfactory to Lessee, Lessor and such Manufacturer. In addition, at Delivery Lessor will assign and make available to Lessee for the duration of the Lease Term the benefit of all assignable warranties provided to Lessor by any other Manufacturer, and at Lessee’s cost, Lessor shall cooperate with Lessee in respect of the enforcement of any such warranties.
Assignable Warranties. Attached hereto as Exhibit 10(gg) is a list of all assignable warranties and guaranties relating to the Centers. Notwithstanding anything in this Section 10 to the contrary, Seller shall be solely liable for the breach of any of the representations and warranties contained in this Section 10 whether same relate to Seller or the LLC; it being understood that neither the Buyer nor the LLC shall be deemed to have waived or limited their rights to assert a -32- claim against Seller with respect to the breach of any representations and warranties contained in this Section 10 relating to the LLC due to the fact that Buyer or an affiliate of Buyer will own the entire membership interest in the LLC following the Closing. The liability of Seller and Spartan with respect to the foregoing representations, warranties and covenants of Seller shall be as set forth in the Indemnification Agreement to be executed and delivered by Seller and Spartan at the Closing. For purposes of this Agreement, phrases such as "Seller's knowledge" or "known to Seller" shall mean actual awareness of a particular fact or other matter by any officer or director of Seller, and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, and ▇▇▇▇▇▇ ▇▇▇▇.
Assignable Warranties. At the time of Sale, SELLER will assign to BUYER any assignable warranties and indemnities given to SELLER by Manufacturer and the Engine Manufacturer, including any rights which may have accrued prior to Sale but which have not been fully exercised by SELLER. Effective at the Closing Time, all other vendor warranties with respect to the Aircraft are hereby assigned by SELLER to BUYER.
Assignable Warranties. On the Delivery Date, Lessor will assign or make available to Lessee for the duration of the Lease Term the benefit of all assignable warranties given to Lessor by the Airframe Manufacturer, the Engine Manufacturer or any other Manufacturer or as such warranties have been assigned to Lessor by Lessee pursuant to the Purchase Agreement Assignment and/or the Engine Warranties Assignment. Lessor further agrees to assign or otherwise make available to Lessee such rights as Lessor may have under any warranty, service policy or product support plan of any Manufacturer, vendor, subcontractor, maintenance provider or supplier with respect to the Aircraft, any Engine or any Part, to the extent the same may legally be assigned or otherwise made available to Lessee.
Assignable Warranties. As set forth in Section 7.01(c), at the time of Sale, the Owner Trustee will assign to TWA any assignable warranties and indemnities given the Owner Trustee by the Manufacturer and the Engine Manufacturer and other vendors with respect to the Aircraft, including any rights which may have accrued prior to Sale but which have not been fully exercised by the Owner Trustee.
Assignable Warranties. At Delivery Lessor will assign or make available to Lessee for the duration of the Lease Term the benefit of any remaining warranties given to Lessor by any Manufacturer and by any maintenance and repair organization, repair facility or vendor, in each case with respect to the Aircraft or any Item of Equipment.
Assignable Warranties. For goods supplied by Contractor’s subcontractors, vendors, or suppliers, Contractor shall obtain, to the extent reasonably possible, assignable warranties from its subcontractors, vendors, and suppliers. Whatever warranty is obtained, however, shall be assigned to Company.
Assignable Warranties. Except as set forth in Article 7.2, at Delivery, SELLER will assign to BUYER any assignable warranties and indemnities given the SELLER by Airframe Manufacturer, Engine Manufacturer and other vendors with respect to the Aircraft, including any rights which may have accrued prior to Delivery but which have not been fully exercised by SELLER.