Aggregate Existing Obligations Sample Clauses

Aggregate Existing Obligations. All of the debts, liabilities and obligations of each of the Corporations are listed on the Schedule of Liabilities attached hereto as Exhibit 6-D and such schedule accurately reflects all of such Corporations’ “Aggregate Existing Obligations” (as hereinafter defined) as of the Effective Date. The term “Aggregate Existing Obligations” shall mean and refer to all of such Corporations’ debts, liabilities and obligations of any nature (whether absolute, accrued, contingent, or otherwise) on the Effective Date, including but not limited to any and all accounts payable, trade payables, lease obligations, indebtedness for borrowed money, accrued interest, contractual obligations, etc. By way of illustration and not limitation, Stockholder represents and warrants that those obligations set forth in Section 3.c hereof have been paid in full prior to the Closing Date. Except for those accounts payable listed in Exhibit 6-R (which Stockholder, Arcadia Resources, Inc. and RKDA, Inc. are responsible for and obligated to pay in full pursuant to Section 3.f hereof or under the applicable Guaranty Agreement), Stockholder warrants and represents that the aggregate amount of the Aggregate Existing Obligations is not in excess of Zero Dollars ($-0-) as of the Effective Date. The Stockholder acknowledges that the purchase price for the Shares is based on the accuracy of Stockholder’ representations and warranties contained in this Agreement, including but not limited to the Stockholder’ representations and warranties contained in this subsection 6.d.