Common use of Enforceability of and compliance with agreements Clause in Contracts

Enforceability of and compliance with agreements. In relation to each Contract: (a) the Vendor has no reason to believe that the Companies will be unable to complete and fulfil each of the Contracts by the due date and within the estimated level of costs or that any products sold or to be sold by the Companies are or will be unable to meet the specifications contracted for; (b) the Companies are in the possession or in the control of each such Contract; (c) so far as the Vendor is aware, there are no written or oral agreements that derogate from the obligations of any person other than the Companies or increase the obligations of the Companies under the Contracts;

Appears in 3 contracts

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

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Enforceability of and compliance with agreements. In relation to each Contract: (a) the Vendor has no reason to believe that the Companies Company will be unable to complete and fulfil each of the Contracts by the due date and within the estimated level of costs or that any products sold or to be sold by the Companies Company are or will be unable to meet the specifications contracted for; (b) the Companies are Company is in the possession or in the control of each such Contract; (c) so far as the Vendor is aware, there are no written or oral agreements that derogate from the obligations of any person other than the Companies Company or increase the obligations of the Companies Company under the Contracts;

Appears in 1 contract

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

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