Common use of Material Liabilities Clause in Contracts

Material Liabilities. Except as set forth on Subsection 2.11 of the Disclosure Schedule, the Company has no liability or obligation, absolute or contingent (individually or in the aggregate), except (i) obligations and liabilities incurred after the date of incorporation in the ordinary course of business that are not material, individually or in the aggregate, and (ii) obligations under contracts made in the ordinary course of business that would not be required to be reflected in financial statements prepared in accordance with generally accepted accounting principles.

Appears in 3 contracts

Samples: Series a Preferred Stock Purchase Agreement (Kindara, Inc.), Series a Preferred Stock Purchase Agreement (Kindara, Inc.), Series a Preferred Stock Purchase Agreement (Kindara, Inc.)

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Material Liabilities. Except as set forth on Subsection 2.11 in Section 3.08 of the Company Disclosure Schedule, to its knowledge the Company has no liability or obligation, absolute or contingent (individually or in the aggregate), except (i) obligations and liabilities incurred after the date of incorporation in the ordinary course of business that are not material, individually or in the aggregate, and (ii) obligations under contracts made in the ordinary course of business that would not be required to be reflected in financial statements prepared in accordance with generally accepted accounting principles.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (InfoSearch Media, Inc.)

Material Liabilities. Except as set forth on disclosed in Subsection 2.11 3.23 of the Disclosure Schedule, the Company has no liability or obligation, absolute or contingent (individually or in the aggregate), except (i) obligations and liabilities incurred after the date of incorporation in the ordinary course of business that are not material, individually or in the aggregate, and (ii) obligations under contracts made in the ordinary course of business that would not be required to be reflected in financial statements prepared in accordance with the United States generally accepted accounting principles.

Appears in 1 contract

Samples: Securities Purchase Agreement (Provention Bio, Inc.)

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Material Liabilities. Except as set forth on in Subsection 2.11 3.10(a) of the Disclosure Schedule, the Company has no liability or obligation, absolute or contingent (individually or in the aggregate), except (i) obligations and liabilities incurred after the date of incorporation in the ordinary course of business that are not material, individually or in the aggregate, and (ii) obligations under contracts made in the ordinary course of business that would not be required to be reflected in financial statements prepared in accordance with generally accepted accounting principlesGAAP.

Appears in 1 contract

Samples: Series a Preferred Stock Purchase Agreement (ATAI Life Sciences B.V.)

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