Common use of No penalties or fines Clause in Contracts

No penalties or fines. None of the Companies nor any of their officers (or agents during the course of their duties) have committed or omitted to do any act or thing that has given or could give rise to a material claim, fine, penalty or other liability, at law or in equity, in respect of the physical or environmental condition of any of their fixed or moveable assets, real property or products.

Appears in 3 contracts

Samples: Noncompetition Agreement (Teekay Tankers Ltd.), Purchase Agreement (Teekay Tankers Ltd.), Purchase Agreement (Teekay Tankers Ltd.)

AutoNDA by SimpleDocs

No penalties or fines. None Neither of the Companies nor any of their officers (or agents during the course of their duties) have committed or omitted to do any act or thing that has given or could give rise to a material claim, fine, penalty or other liability, at law or in equity, in respect of the physical or environmental condition of any of their fixed or moveable assets, real property or products.

Appears in 2 contracts

Samples: Purchase Agreement (Teekay Offshore Partners L.P.), Purchase Agreement (Teekay Offshore Partners L.P.)

No penalties or fines. None of Neither the Companies nor any of their its officers (or agents during the course of their duties) have has committed or omitted to do any act or thing that has given or could give rise to a material claim, fine, penalty or other liability, at law or in equity, in respect of the physical or environmental condition of any of their its fixed or moveable assets, real property or products.

Appears in 1 contract

Samples: Purchase Agreement (Teekay LNG Partners L.P.)

AutoNDA by SimpleDocs

No penalties or fines. None of the Companies The Company nor any of their its officers (or agents during the course of their duties) have committed or omitted to do any act or thing that has given or could give rise to a material claim, fine, penalty or other liability, at law or in equity, in respect of the physical or environmental condition of any of their fixed or moveable assets, real property or products.

Appears in 1 contract

Samples: Purchase Agreement (Teekay Offshore Partners L.P.)

Time is Money Join Law Insider Premium to draft better contracts faster.