Producers. Since January 1, 2016, to the knowledge of Seller, (a) each Producer, at any time that it wrote, sold or produced Vehicle Service Contracts for the Target Entities, was duly licensed to write, sell or produce such Vehicle Service Contracts in the particular jurisdiction in which such Producer wrote, sold or produced Vehicle Service Contracts and, no such Producer violated any term or provision of applicable Law relating to the writing, sale or production of Vehicle Service Contracts for the Target Entities, (b) no Producer has breached the terms of any Producer Contract with the Target Entities or violated any applicable Law or policy of the Target Entities in the solicitation, negotiation, writing, sale or production of Vehicle Service Contracts for the Target Entities and (c) no Producer has been enjoined, indicted, convicted or made the subject of any consent decree or judgment on account of any violation of applicable Law in connection with such Producer’s actions in his, her or its capacity as Producer for the Target Entities or any enforcement or disciplinary proceeding alleging any such violation, in each case, except as has not had and would not reasonably be expected, individually or in the aggregate, to have a Business Material Adverse Effect.
Appears in 3 contracts
Sources: Equity Interest Purchase Agreement (Fortegra Group, LLC), Equity Interest Purchase Agreement (Fortegra Group, LLC), Equity Interest Purchase Agreement (Tiptree Inc.)