Common use of Onerous contracts Clause in Contracts

Onerous contracts. There are no long term contracts (that is, contracts not terminable by the Company without penalty on six months' notice or less) or onerous or unusual or abnormal contracts (that is, contracts for material capital commitments or contracts differing from those in the ordinary course of business) binding upon the Company and no expenses or liabilities of a material amount have been incurred before the date of this Agreement by the Company otherwise than for the purpose of the Company's business.

Onerous contracts. There are no long term contracts (that is, i.e. contracts not terminable by the relevant Group Company without penalty on six months' notice or less) or onerous or unusual or abnormal contracts (that is, i.e. contracts for material capital commitments or contracts differing from those in outside the ordinary course of business) binding upon the Company and no expenses or liabilities of a material amount have been incurred before the date of this Agreement by the Company otherwise than for the purpose of the any Group Company's business.