Common use of Safety Rating Clause in Contracts

Safety Rating. The Seller has now and, for the five years preceding the date of this Agreement, maintained a "Satisfactory" safety rating as promulgated by the Department of Transportation ("DOT") and is not aware of any issues, deficiencies or violations which would change such rating. The Seller is not aware of any notice of any intended, pending, or proposed audit of its operations by the DOT or any other governmental entity having jurisdiction over the Seller's operations.

Appears in 1 contract

Sources: Asset Purchase Agreement (Landstar System Inc)

Safety Rating. The Seller has now and, for and since the five years preceding the date commencement of this Agreementits operations, maintained a "Satisfactory" safety rating as promulgated by the Department of Transportation ("DOT") and is not aware of any issues, deficiencies or violations which would change such rating. The Seller is not aware of any notice of any intended, pending, or proposed -8- audit of its operations by the DOT or any other governmental entity having jurisdiction over the operations of Seller's operations.

Appears in 1 contract

Sources: Asset Purchase Agreement (Swift Transportation Co Inc)