Common use of Absence of Liabilities Clause in Contracts

Absence of Liabilities. Except as set forth in the Financial Statements, the Company has no material liabilities, contingent or otherwise, other than (i) liabilities incurred in the ordinary course of business, that individually or in the aggregate are not material to the financial condition or operating results of the Company, and (ii) obligations not required under generally accepted accounting principles to be reflected in the Financial Statements.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Directview Holdings Inc), Stock Purchase Agreement (Inverted Paradigms Corp), Stock Purchase Agreement (Universal Energy Corp.)

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Absence of Liabilities. Except as set forth in the Financial Statements, the Company has no material liabilities, contingent or otherwise, other than (i) liabilities incurred in the ordinary course of business, that individually or in the aggregate are not material to the financial condition or operating results of the Company, and (ii) obligations not required under generally accepted accounting principles to be reflected in the Financial StatementsStatements and (ii) as disclosed on Schedule 2.7 hereto.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Skreem Entertainment Corp), Stock Purchase Agreement (Western Gaming Corp), Stock Purchase Agreement (Western Gaming Corp)

Absence of Liabilities. Except as set forth in the Financial Statements, the Company has no material liabilities, contingent or otherwise, other than (i) liabilities incurred in the ordinary course of businessbusiness subsequent to January 31, 2003, that individually or in the aggregate are not material to the financial condition or operating results of the Company, and (ii) obligations not required under generally accepted accounting principles to be reflected in the Financial Statements.

Appears in 1 contract

Samples: Regulation S Stock Purchase Agreement (Laserlock Technologies Inc)

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Absence of Liabilities. Except as set forth in the Financial Statements, the Company has no material liabilities, contingent or otherwise, other than the (i) liabilities incurred in the ordinary course Course of business, that individually or individual1y in the aggregate are not material to the financial condition or operating results of the Company, and (ii) } obligations not required under generally genera11y accepted accounting principles to be reflected in the Financial Statements.

Appears in 1 contract

Samples: Stock Purchase Agreement (Reality Wireless Networks Inc)

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