Common use of Onerous contracts Clause in Contracts

Onerous contracts. There are no long term contracts (i.e. contracts not terminable by the Company without penalty on six months’ notice or less) or onerous or unusual or abnormal contracts (i.e. contracts for capital commitments or contracts differing from those necessitated by the ordinary course of business) binding upon the Company, nor is the Company a party to any contract which contains any onerous or other provision material for disclosure to an intending purchaser of the Sale Shares and no expenses or liabilities of a material amount have been incurred before the date of this Agreement by the Company otherwise than for the purpose of the Company's business.

Appears in 3 contracts

Samples: Agreement (Integrated Media Technology LTD), Agreement (Median Group Inc), Agreement (Integrated Media Technology LTD)

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Onerous contracts. There are no long term contracts (i.e. contracts not terminable by the Company without penalty on six months' notice or less) or onerous or unusual or abnormal contracts (i.e. contracts for capital commitments or contracts differing from those necessitated by the ordinary course of business) binding upon the Company, nor is the Company a party to any contract which contains any onerous or other provision material for disclosure to an intending purchaser of the Sale Shares and no expenses or liabilities of a material amount have been incurred before the date of this Agreement by the Company otherwise than for the purpose of the Company's business.

Appears in 1 contract

Samples: Agreement (Integrated Media Technology LTD)

Onerous contracts. There are no long term contracts Contracts (i.e. contracts that is Contracts not terminable by the Company without penalty on six months' notice or less) or onerous or unusual or abnormal contracts Contracts (i.e. contracts that is, Contracts for capital commitments or contracts Contracts differing from those necessitated by the ordinary course of business) binding upon the Company, nor is the Company a party to any contract Contract which contains any onerous or other provision material for disclosure to an intending purchaser of the Sale Shares and no expenses or liabilities of a material amount have been incurred before the date of this Agreement by the Company otherwise than for the purpose of the Company's business.

Appears in 1 contract

Samples: Agreement (Phone Com Inc)

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Onerous contracts. There Other than as Disclosed in the Disclosure Documents, there are no long term contracts (i.e. that is, contracts not terminable by the Company without penalty on six months’ notice or less) or onerous or unusual or abnormal contracts (i.e. that is, contracts for capital commitments or contracts differing from those necessitated by the ordinary course of business) binding upon the Company, nor is the Company a party to any contract which contains any onerous or other provision material for disclosure to an intending purchaser buyer of the Sale Shares and no expenses or liabilities of a material amount have been incurred before the date of this Agreement by the Company otherwise than for the purpose of the Company's ’s business.

Appears in 1 contract

Samples: Collaboration and License Agreement (Amarin Corp Plc\uk)

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