No Material Liability Sample Clauses

No Material Liability. There are no outstanding material liabilities except for those that are set forth in the Financial Statements.

No Material Liability. Subsequent to the respective dates as of which information is given in each of the Registration Statement, the Prospectus and the General Disclosure Package, (i) the Company and its subsidiaries, taken as a whole, have not incurred any material liability or obligation, direct or contingent, nor entered into any material transaction; and (ii) there has not been any material change in the capital stock, short-term debt or long-term debt of the Company and its subsidiaries, taken as a whole.

No Material Liability. No representation and warranty made by Seller to Buyer in this Agreement, taken as a whole, contains any untrue statement of material fact. Except as disclosed in the Contracts and except for the Assumed Liabilities, to the best knowledge of Seller, Seller has not incurred any material liability with respect to or affecting the Business or Assets prior to the Effective Date for which payment or performance is required after the Effective Date. For purposes of this Section, any liability or obligation of the Seller relative to the Business or Assets, whether liquidated or contingent, which involves the payment or consideration or performance of services in excess of Fifty Thousand Dollars ($50,000), shall be deemed a material liability.

No Material Liability. No condition or event has occurred with --------------------- respect to the GlobalTel Employee Plans which has or could reasonably be expected to result in a material liability to GlobalTel or any Subsidiary.

No Material Liability. No condition or event has occurred with --------------------- respect to the CSI Employee Plans which has or could reasonably be expected to result in a material liability to CSI.