Common use of REMEDY OF DEFECTS Clause in Contracts

REMEDY OF DEFECTS. The Producer shall have the right and the obligation to remedy Defects as promptly as the circumstances demand. The Producer is entitled to remedy defects in whole or in part through replacement of parts included in the Production. Should the Producer fail to remedy the defect or deficiency as specified above, the Customer may give the Producer a reasonable deadline for such remedy to be taken. The Customer shall be entitled to a price reduction commensurate to the Defect if the Defect is not remedied within two weeks. The price reduction shall not exceed seven and a half (7.5%) percent of the Producer’s total remuneration for the Production. The Producer’s liability for Defects in the Production is limited to what is set forth in this Section 9.3.

REMEDY OF DEFECTS. The Producer shall have the right and the obligation to remedy Defects as promptly as the circumstances demand. The Producer is entitled to remedy defects in whole or in part through replacement of parts included in the Production. Should the Producer fail to remedy the defect or deficiency as specified above, the Customer may give the Producer a reasonable deadline for such remedy to be taken. The Customer shall be entitled to a price reduction commensurate to the Defect if the Defect is not remedied within two weeks. The price reduction shall not exceed seven and a half (7.5%) percent per cent of the Producer’s 's total remuneration for the Production. Production The Producer’s 's liability for Defects in the Production is limited to what is set forth in this Section 9.38.3.