Common use of No Fault Found Clause in Contracts

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

Appears in 2 contracts

Sources: Purchase Agreement (Midway Airlines Corp), Purchase Agreement (Midway Airlines Corp)