Common use of Absence of Certain Changes; Liabilities Clause in Contracts

Absence of Certain Changes; Liabilities. Except as disclosed in the Aura SEC Reports, since February 28, 1998, there has been no material adverse change and no material adverse development in the business, properties, operations, condition (financial or other), results of operations or prospects of Aura. Except as and to the extent disclosed, reflected or reserved against in the financial statements of Aura and the notes thereto included in the Aura SEC Reports, Aura has no material (individually or in the aggregate) liabilities, debts or obligations (including guaranties) whether accrued, absolute, contingent or otherwise, and whether due or to become due, to any of its officers, directors, security holders, or lenders or any of their respective Affiliates. Subsequent to February 28, 1998, the Company has not incurred any liabilities, debts or obligations of any nature whatsoever which are individually or in the aggregate material to the Company other than those incurred in the ordinary course of its business or disclosed in the Aura SEC Reports.

Absence of Certain Changes; Liabilities. Except as disclosed in the Aura SEC Reports, since February 28, 1998, there has been no material adverse change and no material adverse development in the business, properties, operations, condition (financial or other), results of operations or prospects of Aurathe Company. Except as and to the extent disclosed, reflected or reserved against in the financial statements of Aura the Company and the notes thereto included in the Aura SEC Reports, Aura the Company has no material (individually or in the aggregate) liabilities, debts or obligations (including guaranties) whether accrued, absolute, contingent or otherwise, and whether due or to become due, including without limitation any such liabilities or obligations to Aura, any of its officers, directors, security holders, or lenders or any of their respective Affiliates. Subsequent to February 28, 1998, the Company has not incurred any liabilities, debts or obligations of any nature whatsoever which are individually or in the aggregate material to the Company other than those incurred in the ordinary course of its business or disclosed in the Aura SEC Reports.