Common use of No Financial Statements Clause in Contracts

No Financial Statements. Except as may be reflected in the ----------------------- Business Plan, the Company has not prepared any historical balance sheet, income statement, statement of cash flows or stockholders' equity or other financial statement. The Company has no material liability or obligation, absolute or contingent (individually or in the aggregate), except (i) obligations and liabilities incurred after the date of incorporation in the ordinary course of business that are not material, individually or in the aggregate, and (ii) obligations under contracts made in the ordinary course of business that would not be required to be reflected in financial statements prepared in accordance with generally accepted accounting principles.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Avantgo Inc), Preferred Stock Purchase Agreement (Avantgo Inc)

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No Financial Statements. Except as may be reflected in the ----------------------- Business Plan, the The Company has not prepared any historical balance sheet, income statement, statement of cash flows or stockholders' equity or other financial statement. The Company has no material liability or obligation, absolute or contingent (individually or in the aggregate), except (ia) obligations and liabilities incurred after the date of incorporation in the ordinary course of business that are not material, individually or in the aggregate, and (iib) obligations under contracts made in the ordinary course of business that would not be required to be reflected in financial statements prepared in accordance with generally accepted accounting principles.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Egroups Inc)

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No Financial Statements. Except as may be reflected in the ----------------------- Business Plan, the The Company has not prepared any ----------------------- historical balance sheet, income statement, statement of cash flows or stockholders' equity or other financial statement. The Company has no material liability or obligation, absolute or contingent (individually or in the aggregate), except (i) obligations and liabilities incurred after the date of incorporation in the ordinary course of business that are not material, individually or in the aggregate, and (ii) obligations under contracts made and commitments incurred in the ordinary course of business that would not be required to be reflected in financial statements prepared in accordance with generally accepted accounting principles.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Petopia Com Inc)

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