Common use of Changes in Financial Position Clause in Contracts

Changes in Financial Position. Except as set forth in the Information or in Section (u) of the Disclosure Letter, since December 31, 2006, none of: (i) Miramar or any Miramar Subsidiary has paid or declared any dividend or incurred any material capital expenditure or made any commitment therefore; (ii) Miramar or any Miramar Subsidiary has incurred any obligation or liability, direct or indirect, contingent or otherwise, except in the ordinary course of business and which is not, and which in the aggregate are not, material; and (iii) Miramar or any Miramar Subsidiary has entered into any material transaction.