STATUTORY RESTRICTIONS. 9.1 The Vendor has not committed or omitted to do any act or thing in relation to the Business, the Contracts and/or Assets which could give rise to any material fine or penalty. 9.2 The Vendor is not party to any agreement, arrangement or practice which restricts its freedom to carry on the whole or any part of the Contracts and/or Assets or to use or exploit any of the Contracts and/or Assets in any part of the world in the manner in which it is now carried on. 9.3 Neither the Vendor nor any of its officers, agents or employees have done or omitted to do any act or thing which is or could be in contravention or breach of or the subject of inquiry, investigation or proceedings under the provisions of any Act, order, regulation or the like, whether made in or pertaining to the United Kingdom or elsewhere, giving rise to any fine, penalty, default, proceedings or other such liability in relation to the Business or any of the Assets.
Appears in 2 contracts
Sources: Agreement for the Sale and Purchase of Contracts and Assets, Agreement for the Sale and Purchase of Contracts and Assets (Northern Power Systems Corp.)