Common use of No Adverse Events Clause in Contracts

No Adverse Events. Since the date of the SUNO Financial Statements (i) there has not been any adverse change in the financial position or condition of SUNO, its subsidiaries, its liabilities or the SUNO Assets or any damage, loss or other change in circumstances affecting SUNO, the SUNO Business or the SUNO Assets or SUNO’s right to carry on the SUNO Business, other than changes in the ordinary course of business, (ii) there has not been any damage, destruction, loss or other event (whether or not covered by insurance) adversely affecting SUNO, its subsidiaries, the SUNO Business or the SUNO Assets, (iii) there has not been any increase in the compensation payable or to become payable by SUNO to any of SUNO’s officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the SUNO Business has been and continues to be carried on in the ordinary course, (v) SUNO has not waived or surrendered any right of material value, (vi) Neither SUNO nor its subsidiaries have discharged or satisfied or paid any lien or encumbrance or obligation or liability other than current liabilities in the ordinary course of business, and (vii) no capital expenditures in excess of $750 individually or $2,000 in total have been authorized or made.

No Adverse Events. Since the date of the SUNO SRLT Financial Statements (i) there has not been any adverse change in the financial position or condition of SUNOSRLT, its subsidiaries, its liabilities or the SUNO SRLT Assets or any damage, loss or other change in circumstances affecting SUNOSRLT, the SUNO SRLT Business or the SUNO SRLT Assets or SUNOSRLT’s right to carry on the SUNO SRLT Business, other than changes in the ordinary course of business, (ii) there has not been any damage, destruction, loss or other event (whether or not covered by insurance) adversely affecting SUNOSRLT, its subsidiaries, the SUNO SRLT Business or the SUNO SRLT Assets, (iii) there has not been any increase in the compensation payable or to become payable by SUNO SRLT to any of SUNOSRLT’s officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the SUNO SRLT Business has been and continues to be carried on in the ordinary course, (v) SUNO SRLT has not waived or surrendered any right of material value, (vi) Neither SUNO SRLT nor its subsidiaries have discharged or satisfied or paid any lien or encumbrance or obligation or liability other than current liabilities in the ordinary course of business, and (vii) no capital expenditures in excess of $750 500 individually or $2,000 1,000 in total have been authorized or made.