Common use of Absence of Liabilities Clause in Contracts

Absence of Liabilities. Except as disclosed in the Disclosure Schedule, at the Balance Sheet Date, the Company and its Subsidiaries did not have any liabilities of any type that in the aggregate exceeded $50,000, whether absolute or contingent, which were not fully reflected on the Balance Sheet, and, since the Balance Sheet Date, the Company and its Subsidiaries have not incurred or otherwise become subject to any such liabilities or obligations except in the ordinary course of business.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Eventures Group Inc), Securities Purchase Agreement (Eventures Group Inc)

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Absence of Liabilities. Except as disclosed set forth in Section 3.10 of the Disclosure Schedule, the Company did not have, at the Balance Sheet Date, the Company and its Subsidiaries did not have any liabilities of any type that which in the aggregate exceeded $50,000, whether absolute or contingent, which were not fully reflected on the Balance Sheet, and, since the Balance Sheet Date, the Company and its Subsidiaries have has not incurred or otherwise become subject to any such liabilities or obligations except in the ordinary course of business.

Appears in 2 contracts

Samples: Series D Preferred Stock Purchase Agreement (Arrowpoint Communications Inc), Series E Preferred Stock Purchase Agreement (Arrowpoint Communications Inc)

Absence of Liabilities. Except as disclosed in Section (i) of the Disclosure ScheduleSchedules, at the Balance Sheet Date, neither the Company and nor its Subsidiaries did not have had any liabilities of any type that in the aggregate exceeded $50,000500,000, whether absolute or contingent, which were not fully reflected on the Balance Sheet, and, and since the Balance Sheet Date, Date the Company and its Subsidiaries have not incurred or otherwise become subject to any such liabilities or obligations except in the ordinary course of business.

Appears in 1 contract

Samples: Stockholders Agreement (Aegis Communications Group Inc)

Absence of Liabilities. Except as disclosed in the Disclosure Schedule, the company did not have, at the Balance Sheet Date, the Company and its Subsidiaries did not have any liabilities of any type that which in the aggregate exceeded $50,000, 50,000 whether absolute or contingent, which were not fully reflected on the Balance Sheet, and, and since the Balance Sheet Date, the Company and its Subsidiaries have company has not incurred or otherwise become subject to any such liabilities or obligations except in the ordinary course of business.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Art Technology Group Inc)

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Absence of Liabilities. Except as disclosed set forth in Section 3.10 of the Disclosure Schedule, the Company did not have, at the Balance Sheet Date, the Company and its Subsidiaries did not have any liabilities of any type that which in the aggregate exceeded $50,00025,000, whether absolute or contingent, which were not fully reflected on the Balance Sheet, and, since the Balance Sheet Date, the Company and its Subsidiaries have has not incurred or otherwise become subject to any such liabilities or obligations except in the ordinary course of business.

Appears in 1 contract

Samples: Series C Preferred Stock Purchase Agreement (Arrowpoint Communications Inc)

Absence of Liabilities. Except as disclosed set forth in Section 3.10 of the Disclosure Schedule, the Company did not have, at the Balance Sheet Date, the Company and its Subsidiaries did not have any liabilities of any type that which in the aggregate exceeded $50,00010,000, whether absolute or contingent, which were not fully reflected on the Balance Sheet, and, since the Balance Sheet Date, the Company and its Subsidiaries have has not incurred or otherwise become subject to any such liabilities or obligations except in the ordinary course of business.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Arrowpoint Communications Inc)

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