Extract to table

If so, Meridian's recovery is confined to the remedies provided by the LTSA, and the agreed procedures must be followed as a condition of recovery

This allocation of the burden of proof is significant: Meridian must affirmatively demonstrate that Vantage's housings were defective, not merely that failures occurred in systems incorporating Vantage-supplied components

While this dispute is primarily contractual, principles of mitigation of damages apply equally in contract: under Illinois law, a party seeking damages must take reasonable steps to mitigate its losses, and failure to mitigate reduces recoverable damages

Impact on Vantage's Credit Facility The financial exposure from the warranty chargebacks must be assessed in the context of Vantage's existing debt obligations

A formal response must be filed before this deadline

These commercial realities must be weighed alongside the merits-based defense