Common use of Financial Representation Clause in Contracts

Financial Representation. The Purchaser was organized on September 15, 2000, has had no operations and has performed no other acts other than those incident to its organization. Purchaser's only asset is the $10 which the Parent paid for the 1,000 issued and outstanding shares of the Purchaser's common stock, par value $.01 per share and the Purchaser has no liabilities.

Appears in 1 contract

Sources: Merger Agreement (9278 Communications Inc)

Financial Representation. The Purchaser was organized on September 15August 27, 20001998, has had no operations and has performed no other acts other than those incident to its organization. Purchaser's only asset is the $10 100 which the Parent paid for the 1,000 issued and outstanding shares of the Purchaser's common stock, par value $.01 per share and the Purchaser has no liabilities.

Appears in 1 contract

Sources: Merger Agreement (Network 1 Security Solutions Inc)

Financial Representation. The Purchaser was organized on September 15in September, 20001999, has had no operations and has performed no other acts other than those incident to its organization. Purchaser's only asset is the $10 which the Parent paid for the 1,000 issued and outstanding shares of the Purchaser's common stock, par value $.01 per share and the Purchaser has no liabilities.

Appears in 1 contract

Sources: Merger Agreement (Infinite Technology Group LTD)