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| WARRANTY AND LIMITATION OF REMEDY AND LIABILITY |
Ogden warrants only that the
Products and parts manufactured by Ogden, when shipped, and the
work performed by Ogden when performed, will meet all applicable
specification and other specific product and work requirements
(including those of performance), if any, and will be free from
defects in material and workmanship under normal conditions of
use. All claims for defective or nonconforming (both hereinafter
called defective) Products, parts or work under this warranty
must be made in writing immediately upon discovery, and in any
event, with one (1) year from delivery, provided, however all
claims for defective Products and parts must be made in writing
no later than eighteen (18) months after shipment by Ogden. Defective
and nonconforming items must be held for Ogden's inspections
and returned to the original f.o.b. point upon request. THE FOREGOING
IS EXPRESSLY IN LIEU OF ALL OTHER WARRANTIES WHATSOEVER, EXPRESS,
IMPLIED AND STATUTORY, INCLUDING, WITHOUT LIMITATION, THE IMPLIED
WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.
Notwithstanding the provisions
of this WARRANT AND LIMITATION Clause, it is specifically understood
that Products and parts not manufactured and work not performed
by Ogden are warranted only to the extent and in the manner that
the same are warranted to Ogden by Ogden's vendors, and then
only to the extent that Ogden is reasonably able to enforce such
warranty, it being understood Ogden shall have no obligation
to initiate litigation unless Buyer undertakes to pay all cost
and expenses therefore, including but not limited to attorney's
fees, and indemnifies Ogden against any liability to Ogden's
vendors arising out of such litigation. Upon Buyer's submission
of a claim as provided above and its substantiation. Ogden shall
at its option either (i) repair or replace its Products, parts
or work at the original f.o.b. point of delivery, or (ii) refund
an equitable portion of the purchase price.
THE FOREGOING IS OGDEN'S ONLY
OBLIGATION AND BUYER'S EXCLUSIVE REMEDY FOR BREACH OF WARRANTY,
AND IS BUYER'S EXCLUSIVE REMEDY AGAINST OGDEN FOR ALL CLAIMS
ARISING HEREUNDER OR RELATING HERETO WHETHER SUCH CLAIMS ARE
BASED ON BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE AND STRICT
LIABILITY) OR OTHER THEORIES. BUYER'S FAILURE TO SUBMIT A CLAIM
AS PROVIDED ABOVE SHALL SPECIFICALLY WAIVE ALL CLAIMS FOR DAMAGES
OR OTHER RELIEF, INCLUDING BUT NOT LIMITED TO CLAIMS BASED ON
LATENT DEFECTS. IN NO EVENT SHALL BUYER BE ENTITLED TO INCIDENTAL
OR CONSEQUENTIAL DAMAGES AND BUYER SHALL HOLD OGDEN HARMLESS
THEREFROM. ANY ACTION BY BUYER ARISING HEREUNDER OR RELATING
HERETO, WHETHER BASED ON BREACH OF CONTRACT, TORT (INCLUDING
NEGLIGENCE AND STRICT LIABILITY) OR OTHER THEORIES, MUST BE COMMENCED
WITHIN ONE (1) YEAR AFTER THE DATE OF SHIPMENT OR IT SHALL BE
BARRED.
W2008M
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