Common use of Liabilities of the Company Clause in Contracts

Liabilities of the Company. As of the date hereof, the Company has total liabilities of less than $5,000, which liabilities will be paid off at or prior to the Closing and will in no event become the liability of the Purchaser or remain the liabilities of the Company following the Closing.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Corridor Ventures I Acquisition Corp.), Stock Purchase Agreement (Corridor Ventures II Acquisition Corp.), Stock Purchase Agreement (Corridor Ventures, LLC)

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Liabilities of the Company. As of the date hereof, the Company has total liabilities of less than $5,00055,416, which liabilities will shall be paid off at or prior to the Closing (as evidenced by executed pay-off letters delivered to the Investor at the Closing) and will in no event become the liability of the Purchaser or remain the liabilities of the Company following the Closing.

Appears in 1 contract

Samples: Pacv Stock Purchase Agreement (Pacific Ventures Group, Inc.)

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Liabilities of the Company. As of the date hereof, the Company has total liabilities of less than $5,0007,916, which liabilities will be paid off at or prior to the Closing and will in no event become the liability of the Purchaser or remain the liabilities of the Company following the Closing.

Appears in 1 contract

Samples: Stock Purchase Agreement (China Packaging Group Inc.)

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