Common use of Contracts, Arrangements Clause in Contracts

Contracts, Arrangements. 9.1 Save as disclosed in the Audited Accounts and where applicable, the Management Accounts, none of the Vsource Companies is a party to: 9.1.1 any joint venture, consortium or other partnership agreement or arrangement not made in the ordinary course of business; 9.1.2 any guarantee, warranty, undertaking or contract for indemnity or for suretyship under which the relevant Vsource Company assumes a prospective or contingent liability otherwise than in the ordinary course of its business; or any unlimited undertaking or indemnity given in favour of its clients or third parties in the ordinary course of business; 9.1.3 any long term or abnormal contract or undertaken any obligations with any third party except in the ordinary course of its business. “Long term contract” means a contract exceeding a term of twelve (12) months or is otherwise not terminable by giving three (3) months’ notice in writing. For the avoidance of doubt, the representations made under Clause 9.1 only relate to contracts which have a value of at least Ringgit Malaysia Five Hundred Thousand (RM500,000.00) or higher.

Contracts, Arrangements. 9.1 Save as disclosed in the Audited Accounts and where applicable, or the Management Accounts, none of the Vsource Companies is a party to: 9.1.1 any joint venture, consortium or other partnership agreement or arrangement not made in the ordinary course of business; 9.1.2 any guarantee, warranty, undertaking or contract for indemnity or for suretyship under which the relevant Vsource Company assumes a prospective or contingent liability otherwise than in the ordinary course of its business; or any unlimited undertaking or indemnity given in favour of its clients or third parties in the ordinary course of business; 9.1.3 any long term or abnormal contract or undertaken any obligations with any third party except in the ordinary course of its business. “"Long term contract” " means a contract exceeding a term of twelve (12) months or is otherwise not terminable by giving three (3) months’ ' notice in writing. For the avoidance of doubt, the representations made under Clause 9.1 only relate to contracts which have a value of at least Ringgit Malaysia Five Hundred Thousand (RM500,000.00) or higher.