Common use of No Losses Clause in Contracts

No Losses. Since June 30, 2001, JMS has not sustained any loss on account of fire, flood, accident or other calamity of such character as to interfere materially with the continued operation of The Acquired Business regardless of whether or not such loss was insured against, other than as set forth in Schedule 8.18.

Appears in 2 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (Display Technologies Inc)