Common use of No Assets or Liabilities Clause in Contracts

No Assets or Liabilities. As of the Closing, the Company shall have no more than $10,000 in liabilities. Except for the foregoing or as set forth on the Financial Statements, the Company does not have any (a) assets of any kind or (b) liabilities or obligations, whether secured or unsecured, accrued, determined, absolute or contingent, asserted or unasserted or otherwise.

Appears in 1 contract

Samples: Membership Interest Exchange and Contribution Agreement (Premier Holding Corp.)

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No Assets or Liabilities. As of the Closing, the Company shall have no more than $10,000 30,000 in liabilities. Except for the foregoing or as set forth on the Financial Statements, the Company does not have any (a) assets of any kind or (b) liabilities or obligations, whether secured or unsecured, accrued, determined, absolute or contingent, asserted or unasserted or otherwise.

Appears in 1 contract

Samples: Share Exchange Agreement (Hong Kong Highpower Technology, Inc.)

No Assets or Liabilities. As of the Closing, the Company shall have no more than $10,000 in liabilities. Except for the foregoing or as set forth on the Financial Statements, the Company does not have any (a) assets of any kind or (b) liabilities or obligations, whether secured or unsecured, accrued, . determined, absolute or contingent, asserted or unasserted or otherwise.

Appears in 1 contract

Samples: Membership Interest Exchange and Contribution Agreement (Premier Holding Corp.)

No Assets or Liabilities. As of the Closing, the Company shall have no more than $10,000 15,000 in liabilities. Except for the foregoing or as set forth on the Financial Statements, the Company does not have any (a) assets of any kind or (b) liabilities or obligations, whether secured or unsecured, accrued, determined, absolute or contingent, asserted or unasserted or otherwise.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (SRKP 16 Inc)

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No Assets or Liabilities. As of the Closing, the Company shall have no more than $10,000 72,500 in liabilities. Except for the foregoing or as set forth on the Financial Statements, the Company does not have any (a) assets of any kind or (b) liabilities or obligations, whether secured or unsecured, accrued, determined, absolute or contingent, asserted or unasserted or otherwise.

Appears in 1 contract

Samples: Share Exchange Agreement (China Electric Motor, Inc.)

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