Common use of Changes in Financial Position Clause in Contracts

Changes in Financial Position. Other than as disclosed in the Azarga Disclosure Letter, since June 30, 2021, none of: (i) Azarga or any Azarga Subsidiary has paid or declared any dividend or incurred any material capital expenditure or made any commitment therefor; (ii) Azarga or any Azarga Subsidiary has incurred any obligation or liability, direct or indirect, contingent or otherwise, except in the ordinary course of business; and (iii) Azarga or any Azarga Subsidiary has entered into any material transaction or made a significant acquisition.