Meeting Financial Obligations; Material Adverse Change. Buyer and any member of Buyer are meeting their respective current liabilities as they mature; no federal or state tax liens have been filed against any of them; and neither Buyer nor any member of Buyer is in default or claimed default under any agreement for borrowed money. Buyer shall, within three (3) business days, notify the TJPA of any material adverse change in the financial condition of Buyer or any member of Buyer that would prevent performance of Buyer’s obligations under this Agreement.
Appears in 2 contracts
Samples: Agreement of Purchase and Sale for Real Estate, Agreement of Purchase and Sale for Real Estate
Meeting Financial Obligations; Material Adverse Change. Buyer Xxxxx and any member of Buyer are meeting their respective current liabilities as they mature; no federal or state tax liens have been filed against any of them; and neither Buyer nor any member of Buyer is in default or claimed default under any agreement for borrowed money. Buyer shall, within three (3) business days, notify the TJPA of any material adverse change in the financial condition of Buyer or any member of Buyer that would prevent performance of Buyer’s obligations under this Agreement.
Appears in 2 contracts
Samples: Agreement of Purchase and Sale for Real Estate, Agreement of Purchase And
