No Leakage. VE agrees that:
No Leakage. 5.1 The Sellers warrant to the Purchaser that as from the Effective Date up to and including the date of this Agreement no Leakage has occurred (other than as set out in the Leakage Statement) and the Sellers covenant and undertake to the Purchaser that during the period as from the date of this Agreement until the Completion Date no Leakage shall occur, except for Permitted Leakage.
No Leakage. Each Seller individually declares that it has not received any Leakage at any time from (but excluding) 31 December 2016 to the date of this Agreement. For the purposes of this Clause 5, “Leakage”, as used in respect of any particular Seller, means:
No Leakage. After the Effective Date no payments to Seller or any Seller’s Affiliate have been made by the Company, in particular no payments for principal (except for a set-off in the amount of EUR 2,700,000.00 in connection with the IP license agreement according to Section 5.1) or interest under the Intercompany Financing Agreement, excluding (for the avoidance of doubt) payments in the ordinary course of business and consistent with past practice.
No Leakage. (a) Since the Effective Date through the Signing Date, no Leakage, other than Permitted Pre-Signing Leakage has occurred with respect to a Group Company. For purposes of this Agreement Leakage means
No Leakage. Since the date of this Agreement, neither the Company nor any of its Subsidiaries have paid any Leakage.
No Leakage. (a) The Seller represents and warrants and undertakes to the Buyer:
No Leakage. Each of the POM Founders, on a several and not joint basis, hereby warrants to the Purchaser that, in the period from the Locked Box Date to the Closing Date, no Leakage has occurred, save to the extent comprising Permitted Leakage.
No Leakage. (a) Each of the Warrantors undertakes that it will cause the Group Companies not to incur any Leakage during the period from the Balance Sheet Date to the Closing Date, unless with the prior written consent of the Purchaser.
No Leakage. 4.1.1 The Seller covenants to the Purchaser that in the period following and including the Effective Date up to the Completion Date (the “Interim Period”) no Leakage will occur except for Permitted Leakage.
