Common use of RECENT ACTIONS Clause in Contracts

RECENT ACTIONS. Except as disclosed in the Disclosure Schedule and/or the Proxy Statement/Prospectus, since the dates of the most recent of its Current Financial Statements, its business has been conducted in the ordinary course and it has not: (a) incurred any obligations or liabilities, whether accrued, absolute, contingent or otherwise, other than liabilities incurred and obligations under contracts entered into in the ordinary course of business and other than liabilities to Lender; (b) discharged or satisfied any lien or encumbrance or paid any obligations, absolute or contingent, other than current liabilities, in the ordinary course of business; (c) mortgaged, pledged or subjected to lien or any other encumbrance any of its assets, tangible or intangible, or cancelled any debts or claims except in the ordinary course of business and except for Permitted Liens; or (d) made any loans, other

RECENT ACTIONS. Except as disclosed in the Disclosure Schedule and/or the Proxy Statement/Prospectus, since the dates of the most recent of its Current Financial Statements, its business has been conducted in the ordinary course and it has not: (a) incurred any obligations or liabilities, whether accrued, absolute, contingent or otherwise, other than liabilities incurred and obligations under contracts entered into in the ordinary course of business and other than liabilities to LenderLender or otherwise as may be permitted herein; (b) discharged or satisfied any lien or encumbrance or paid any obligations, absolute or contingent, other than current liabilities, in the ordinary course of business; (c) mortgaged, pledged or subjected to lien or any other encumbrance any of its assets, tangible or intangible, or cancelled any debts or claims except in the ordinary course of business and except for Permitted Liens; or (d) made any loans, otherother than to Subsidiaries as permitted under this Agreement, or otherwise conducted its business other than in the ordinary course.