Common use of RECENT ACTIONS Clause in Contracts

RECENT ACTIONS. Since March 31, 2002, the business of the Company and its Subsidiaries has been conducted in the ordinary course and neither the Company nor any of its Subsidiaries has: (i) incurred any debt or other obligations or liabilities, whether accrued, absolute, contingent or otherwise, other than debt and liabilities incurred and obligations under contracts entered into in the ordinary course of business; (ii) discharged, satisfied, paid or cancelled any debt or any obligations, absolute or contingent, other than current liabilities shown on the financial statements referred to in Section 8.2, above, and current liabilities incurred since March 31, 2002 in the ordinary course of business; or (iii) made any loans or otherwise conducted its business other than in the ordinary course.

RECENT ACTIONS. Since March 31, 20022000, the business of the Company and its Subsidiaries has been conducted in the ordinary course and neither the Company nor any of its Subsidiaries has: (i) incurred any debt or other obligations or liabilities, whether accrued, absolute, contingent or otherwise, other than debt and liabilities incurred and obligations under contracts entered into in the ordinary course of business; (ii) discharged, satisfied, paid or cancelled any debt or any obligations, absolute or contingent, other than current liabilities shown on the financial statements referred to in Section 8.2, above, and current liabilities incurred since March 31, 2002 2000 in the ordinary course of business; or (iii) made any loans or otherwise conducted its business other than in the ordinary course.