Common use of Sales Practices Clause in Contracts

Sales Practices. The Seller and its Affiliates are in compliance with all applicable laws (including rules and regulations but excluding licensing requirements) of federal, state, local and foreign governments (and all agencies thereof) with respect to their sales practices related to the sale of Insurance Products (as hereinafter defined) of the Business, except where such violation or non-compliance would not reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Sources: Stock Purchase Agreement (Mercury Finance Co), Stock Purchase Agreement (Frontier Insurance Group Inc), Stock Purchase Agreement (Mercury Finance Co)