Recent Transactions. None of the Parties, nor to their knowledge any director, officer, employee, or agent of any of the Parties, is participating in any discussions and do not intend to engage in any discussion: (i) with any representative of any corporation or corporations regarding the consolidation or merger of any of the Parties with or into any such corporation or corporations; (ii) with any corporation, partnership, association, or other business entity or any individual regarding the sale, conveyance, or disposition of all or substantially all of the assets of the Parties or a transaction or series of related transactions in which more than 50% of the voting power of any of the Parties is disposed of; or (iii) regarding any other form of acquisition, liquidation, dissolution, or winding up of the Parties.
Recent Transactions. Except as shown on the Exhibits delivered in connection herewith, the business of the Company has been conducted diligently and only in the ordinary course and the Company has not (a) incurred or become subject to any obligation or liability (absolute or contingent) except current liabilities incurred in the ordinary course of business of the Company and under contracts entered into in the ordinary course of business of the Company, none of which involves potential liability in excess of $5,000 or is not cancelable in thirty days or less notice without penalty or liquidated damages; (b) discharged or satisfied any lien or encumbrance or paid any obligation (tangible or intangible) other than liabilities shown on the Balance Sheet and current liabilities incurred since the date of the said Balance Sheet in the ordinary course of business of the Company; (c) mortgaged, pledged or subjected to lien, charge or any other encumbrance, any of its assets, real or personal tangible or intangible; (d) sold or transferred any of its assets, property or rights or cancelled any debts or claims except in each case in the ordinary course of business of the Company, or entered into any agreement or arrangement granting any preferential rights to purchase any of its assets, property or rights or which requires consent of any third party to the transfer and assignment of any of its assets, property or rights; (e) suffered any extraordinary losses (whether or not covered by insurance) or waived any rights of substantial value; (f) made or permitted any amendment or termination of any contract, agreement or license to which it is a party, otherwise than in the ordinary course of business; (g) through negotiation or otherwise, made any commitment or incurred any liability to any labor organization; (h) made capital expenditures or entered into agreements therefor aggregating more than $5,000; (i) issued any stock, bonds or any other corporate securities or granted any options, warrants or other rights calling for the issuance thereof; (j) amended its Articles of Incorporation or By-Laws.
Recent Transactions. Neither the Company nor any director, officer, -------------------- employee, or agent of the Company, is participating in any discussions or intends to engage in any discussion: (i) with any representative of any corporation or corporations regarding the consolidation or merger of the Company with or into any such corporation or corporations; (ii) with any corporation, partnership, association, or other business entity or any individual regarding the sale, conveyance, or disposition of all or substantially all of the assets of the Company or a transaction or series of related transactions in which more than fifty percent (50%) of the voting power of the Company is disposed of; or (iii) regarding any other form of acquisition, liquidation, dissolution, or winding up of the Company.
Recent Transactions. Neither NetSol Pvt nor NetSol UK, nor to their knowledge any director, officer, employee, or agent of NetSol Pvt nor NetSol UK, is participating in any discussions and do not intend to engage in any discussion: (i) with any representative of any corporation or corporations regarding the consolidation or merger of NetSol Pvt or NetSol UK with or into any such corporation or corporations; (ii) with any corporation, partnership, association, or other business entity or any individual regarding the sale, conveyance, or disposition of all or substantially all of the assets of NetSol Pvt or NetSol UK or a transaction or series of related transactions in which more than fifty percent (50%) of the voting power of NetSol Pvt or NetSol UK is disposed of; or (iii) regarding any other form of acquisition, liquidation, dissolution, or winding up of NetSol Pvt and UK.
Recent Transactions. Except as described on Schedule 4.14.2, since December 31, 1997, no member of the Granite Group has: (a) entered into any transactions, or conducted business, relating to WWMT or WLAJ in any manner inconsistent in any material respect with its historical practices; (b) mortgaged or subjected to any Encumbrance (other than Permitted Encumbrances) any of the Broadcasting Assets; (c) other than pursuant to this Agreement, sold, leased or transferred or agreed to sell, lease or transfer, any of the Broadcasting Assets, except in the ordinary course of business; (d) increased the rate of compensation payable or to become payable to any of the employees of Granite (as to the WLAJ Employees), Seller, WWMT License, Inc., WLAJ, Inc., WWMT or WLAJ or made any increase in any profit sharing, bonus, deferred compensation, savings, insurance, pension, retirement or other Employee Plan or payment or arrangement made to, for or with any such employees, except in the ordinary course of business and in light of prevailing inflationary trends; (e) except as expressly permitted herein, adopted, or amended, any collective bargaining, bonus, profit-sharing, compensation, stock option, pension, retirement, deferred compensation or other Employee Plan, agreement, trust, fund or arrangement for the benefit of employees of Granite (as to the WLAJ Employees), Seller, WWMT License, Inc., WLAJ, Inc., WWMT or WLAJ; (f) sustained or incurred any uninsured loss or damage on account of fire, flood, accident or other calamity which has materially interfered with or affected, or may materially interfere with or affect, the operation of WWMT's business or Granite's or WLAJ, Inc.'s operation of WLAJ under the Time Brokerage Agreement as presently conducted; (g) changed any accounting methods or practices (including, without limitation, any change in depreciation or amortization policies or rates); (h) failed to pay any payments on film rights and agreements with respect to WWMT or WLAJ on a current basis, except to the extent Granite or Seller, as applicable, has a valid dispute with respect to any such payment; (i) canceled or compromised any debt or claim or waived or released any rights with respect to WLAJ or WWMT except in the ordinary course of business; (j) except in the ordinary course of business and consistent with past practice, transferred, granted, licensed, assigned, terminated or otherwise disposed of, modified, changed or canceled any rights or obligations with respect to any...
Recent Transactions. The Company has not, nor has any director, -------------------- officer, employee, or agent of the Company, participated in any discussions and do not intend to engage in any discussion: (i) with any representative of any corporation or corporations regarding the acquisition by or the consolidation or merger of the Company with or into any such corporation or corporations; (ii) with any corporation, partnership, association, or other business entity or any individual regarding the sale, conveyance, or disposition of any of the assets of the Company or a transaction or series of related transactions in which any shares or stock of the Company are/is disposed of; or (iii) regarding any other form of acquisition, liquidation, dissolution, or winding up of the Company.
Recent Transactions. 14.1. To the best of knowledge of the Seller and the Founders, in the 6 (six) months preceding the Effective Date:
Recent Transactions. The Company has not engaged in the last three months in any substantive and meaningful discussion (i) with any representative of any corporation or corporations regarding the consolidation or merger of the Company with or into any such corporation or corporations, (ii) with any corporation, partnership, association or other business entity or any individual regarding the sale, conveyance or disposition of all or substantially all of the assets of the Company or a transaction or series of related transactions in which more than fifty percent (50%) of the voting power of the Company is disposed of, or (iii) regarding any similar form of acquisition, liquidation, dissolution or winding up of the Company.
Recent Transactions. 8 2.20 Leases in Effect................................................. 8 2.21 Taxes............................................................ 8 2.22
Recent Transactions. Except as described on Schedule 4.16, since June 30, 1996, Pacific has not: (a) entered into any transactions, or conducted business, in any manner inconsistent in any material respect with its historical practices; (b) changed any accounting methods or practices (including, without limitation, any change in depreciation or amortization policies or rates); (c) failed to pay any payments on Contracts on a current basis, except to the extent Pacific has a valid dispute with respect to such payment; (d) cancelled or compromised any debt or claim or waived or released any rights of material value; or (e) agreed to take any action referred to in (a), (b), (c) or (d) above.
