Common use of Absence of Undisclosed Liabilities Clause in Contracts

Absence of Undisclosed Liabilities. Except as and to the extent reflected or stated in the SEC Filings and the Financial Statements, and except for liabilities arising in the ordinary course of its business and consistent with past practice, and liabilities not required to be set forth in the Financial Statements, the Company has no material debts, liabilities or obligations of any nature, whether accrued, contingent or absolute, assigned or otherwise, or whether due or to become due.

Appears in 7 contracts

Samples: Exclusive License and Supply Agreement (Icn Pharmaceuticals Inc), Stock Purchase Agreement (Icn Pharmaceuticals Inc), Stock Purchase Agreement (Icn Pharmaceuticals Inc)

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Absence of Undisclosed Liabilities. Except as and to the extent reflected or stated described in the SEC Filings and the Financial Statements, and except for liabilities arising in the ordinary course of its business and consistent with past practice, and liabilities not required to be set forth in the Financial StatementsReports, the Company has no material debts, liabilities or obligations of any naturekind, whether accrued, absolute, contingent or absoluteother, assigned or otherwise, or whether due or to become due, except as incurred in the ordinary course of business, that would have a material adverse effect on the Company.

Appears in 6 contracts

Samples: Stock Purchase Agreement (Executive Telecard LTD), Stock Purchase Agreement (Glasgal Communications Inc), Stock Purchase Agreement (Datatec Systems Inc)

Absence of Undisclosed Liabilities. Except as and to the extent reflected or stated disclosed in the Company SEC Filings and the Financial Statements, and except for liabilities arising in the ordinary course of its business and consistent with past practice, and liabilities not required to be set forth in the Financial StatementsReports, the Company has no material debts, liabilities or obligations of any naturekind, whether accrued, absolute, contingent or absoluteother, assigned or otherwise, or whether due or to become due, that would have a Material Adverse Effect.

Appears in 4 contracts

Samples: Stock Purchase Agreement (World Access Inc), Stock Purchase Agreement (GST Telecommunications Inc), Stock Purchase Agreement (Nact Telecommunications Inc)

Absence of Undisclosed Liabilities. Except as and to the extent reflected or stated in the SEC Filings and the Financial Statements, and except for liabilities arising in the ordinary course of its business and consistent with past practice, and liabilities not required to be set forth in the Financial Statements, the Company has no material debts, liabilities or obligations of any nature, whether accrued, contingent or absolute, assigned or otherwise, or whether due or to become due, other than incurred in the ordinary course of business.

Appears in 4 contracts

Samples: Stock and Warrant Purchase Agreement (Alliance Pharmaceutical Corp), Preferred Stock Purchase Agreement (Neorx Corp), Preferred Stock Purchase Agreement (Alliance Pharmaceutical Corp)

Absence of Undisclosed Liabilities. Except as and to the extent reflected or stated disclosed in the SEC Filings Reports and the Financial Statements, and except for liabilities arising in obligations under the ordinary course of its business and consistent with past practice, and liabilities not required to be set forth in the Financial StatementsNotes, the Company has no material debts, does not have any liabilities or obligations of any nature, (whether accrued, contingent or absolute, assigned contingent, unliquidated or otherwise, or whether due or to become due).

Appears in 3 contracts

Samples: Note Purchase Agreement (Face Up Entertainment Group, Inc.), Convertible Note Purchase Agreement (Game Face Gaming, Inc.), Note Purchase Agreement (Game Face Gaming, Inc.)

Absence of Undisclosed Liabilities. Except as and to the extent reflected or stated in the SEC Filings and the Financial Statements, and except for liabilities arising in the ordinary course of its business and consistent with past practice, and liabilities The Company does not required to be set forth in the Financial Statements, the Company has no material debts, have any liabilities or obligations of any nature, (whether accruedknown or unknown, contingent or absolute, assigned matured or unmatured, or otherwise) that are not reflected or reserved against in the Company Financial Statement s, other than such liabilities or whether due or obligations not required under generally accepted accounting principles to become duebe reflected on the balance sheet of the Company Financial Statements and which do not and could not have a material adverse effect on the business of the Company.

Appears in 2 contracts

Samples: Purchase Agreement (China Direct Trading Corp), Purchase Agreement (China Direct Trading Corp)

Absence of Undisclosed Liabilities. Except as The Company has no material direct or indirect debts, obligations or liabilities of any nature, whether absolute, accrued, contingent, liquidated or otherwise, and whether due or to the extent reflected become due, asserted or stated unasserted, known or unknown (collectively, "Liabilities"), except for (i) Liabilities specifically identified in the SEC Filings and the Financial StatementsLatest Balance Sheet, and except for liabilities arising (ii) obligations incurred or to be performed in the ordinary course of its business and consistent with past practice, and liabilities not required to be set forth (iii) items specifically disclosed in the Financial Statements, the Company has no material debts, liabilities or obligations of any nature, whether accrued, contingent or absolute, assigned or otherwise, or whether due or to become dueSEC Filings.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Computer Integration Corp), Exhibit 1 (Codinvest LTD)

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Absence of Undisclosed Liabilities. Except as and to the extent reflected or stated in the SEC Filings and the Financial Statements, Statements and except for debts, liabilities arising or obligations incurred by the Company in the ordinary course of its business and consistent with past practice, and liabilities not required to be set forth in the Financial Statements, the Company has no material debts, liabilities or obligations of any nature, whether accrued, contingent accrued or absolute, assigned or otherwise, or whether due or to become duedue that would have been required to be reflected in, reserved against or otherwise described on the Financial Statements in accordance with GAAP which were not fully reflected in, reserved against or otherwise described therein.

Appears in 1 contract

Samples: Stock Purchase Agreement (Photoelectron Corp)

Absence of Undisclosed Liabilities. Except as and to the extent reflected or stated in the SEC Filings and the Financial Statements, and except for liabilities arising in the ordinary course of its business and consistent with past practice, and liabilities not required to be set forth in the Financial Statements, the The Company has no material direct or indirect debts, obligations or liabilities or obligations of any nature, whether absolute, accrued, contingent or absolutecontingent, assigned liquidated or otherwise, or and whether due or to become due, asserted or unasserted (collectively, “Liabilities”) except for: (i) Liabilities reflected in the September 30, 2010 balance sheet contained within the SEC Documents; and (ii) current Liabilities incurred after September 30, 2010 as have been disclosed to the Purchaser.

Appears in 1 contract

Samples: Securities Purchase Agreement (RxBids)

Absence of Undisclosed Liabilities. Except as and to the extent reflected or stated in the SEC Filings and the Financial Statements, and except for liabilities arising in the ordinary course of its business and consistent with past practice, and liabilities not required to be set forth in the Financial StatementsStatements or Schedule 3.7, the Company has no material debts, claims, liabilities or obligations of any nature, whether known or unknown, absolute, accrued, contingent or absolute, assigned or otherwise, or otherwise and whether due or to become due, asserted or unasserted, the enforcement of which would cause a Material Adverse Effect.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Innovative Micro Technology Inc)

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