Common use of No Fault Found Clause in Contracts

No Fault Found. In the event that a B▇▇▇ Part returned under a Warranty claim is subsequently established to be serviceable then B▇▇▇ shall be entitled to charge and recover from Buyer any reasonable inspection, transportation, repair and other costs of a similar nature incurred by B▇▇▇ in connection with such Warranty claim. Providing, however, in the event that repetitive in-service failure occurs on the particular B▇▇▇ Part which is subsequently identified by B▇▇▇ on a repeated basis to be "no fault found," then B▇▇▇ and Buyer shall discuss and mutually agree a course of further action to help identify the problem. In the event the fault is ultimately confirmed to be a legitimate Warranty claim then the above mentioned costs, if incurred by B▇▇▇ will be borne by B▇▇▇, and any such costs already paid by Buyer will be reimbursed by B▇▇▇.

Appears in 3 contracts

Sources: Purchase Agreement (Atlantic Coast Airlines Inc), Purchase Agreement (Atlantic Coast Airlines Inc), Purchase Agreement (Atlantic Coast Airlines Inc)

No Fault Found. In the event that a B▇▇▇ Part returned under a Warranty claim is subsequently established to be serviceable then B▇▇▇ shall be entitled to charge and recover from Buyer any reasonable inspection, transportation, repair and other costs of a similar nature incurred by B▇▇▇ in connection with such Warranty claim. Providing, however, in the event that repetitive in-service failure occurs on the particular B▇▇▇ Part which is subsequently identified by B▇▇▇ on a repeated basis to be "no fault found," then B▇▇▇ and Buyer shall discuss and mutually agree a course of further action to help identify the problem. In the event the fault is ultimately confirmed to be a legitimate Warranty claim then the above mentioned costs, if incurred by B▇▇▇ will be borne by B▇▇▇, and any such costs already paid by Buyer will be reimbursed by B▇▇▇.

Appears in 1 contract

Sources: Purchase Agreement (Atlantic Coast Airlines Holdings Inc)