Common use of Absence of Certain Events and Changes Clause in Contracts

Absence of Certain Events and Changes. Since the date of the last day of the period covered by the Company’s most recently filed periodic report covering an annual or quarterly period with the Commission, (i) there has not been any event, change or development which, individually or in the aggregate, has had or is reasonably likely to have a material adverse effect on the Company; (ii) the Company has not incurred any material liabilities (contingent or otherwise) other than trade payables and accrued expenses incurred in the ordinary course of business; (iii) the Company has not declared or made any dividend or distribution of cash or other property to its shareholders; and (iv) other than the surrender to the Company of Ordinary Shares by employees of the Company in connection with the Company’s payment of withholding taxes due upon the vesting or settlement of employees’ equity awards, the Company has not purchased, redeemed or made any agreements to purchase or redeem any shares of its capital stock.

Appears in 4 contracts

Samples: Ordinary Share Purchase Agreement (Theravance Biopharma, Inc.), Share Purchase Agreement (Theravance Biopharma, Inc.), Ordinary Share Purchase Agreement (Theravance Biopharma, Inc.)

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Absence of Certain Events and Changes. Since the date of the last day of the period covered by the Company’s most recently filed periodic report covering an annual or quarterly period with the CommissionDecember 31, 2011, (i) the Company has conducted its businesses in all material respects in the ordinary course consistent with past practice; (ii) there has not been any event, change or development which, individually or in the aggregate, has had or is reasonably likely to have a material adverse effect on the Company; (iiiii) the Company has not incurred any material liabilities (contingent or otherwise) other than trade payables and accrued expenses incurred in the ordinary course of businessbusiness consistent with past practice; (iiiiv) the Company has not declared or made any dividend or distribution of cash or other property to its shareholdersstockholders; and (ivv) other than the surrender to the Company of Ordinary Shares shares of Common Stock by employees of the Company in connection with the Company’s payment of withholding taxes due upon the vesting or settlement of employees’ equity awards, the Company has not purchased, redeemed or made any agreements to purchase or redeem any shares of its capital stock.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Theravance Inc)

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Absence of Certain Events and Changes. Since the date of the last day of the period covered by the Company’s most recently filed periodic report covering an annual or quarterly period with the CommissionSeptember 30, 2010, (i) the Company has conducted its businesses in all material respects in the ordinary course consistent with past practice; (ii) there has not been any event, change or development which, individually or in the aggregate, has had or is reasonably likely to have a material adverse effect on the Company; (iiiii) the Company has not incurred any material liabilities (contingent or otherwise) other than trade payables and accrued expenses incurred in the ordinary course of businessbusiness consistent with past practice; (iiiiv) the Company has not declared or made any dividend or distribution of cash or other property to its shareholdersstockholders; and (ivv) other than the surrender to the Company of Ordinary Shares shares of Common Stock by employees the executive officers of the Company in connection with the Company’s payment of withholding taxes due upon the vesting or settlement of employeesthe executive officersequity restricted stock unit awards, the Company has not purchased, redeemed or made any agreements to purchase or redeem any shares of its capital stock.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Theravance Inc)

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