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 4 contracts

Samples: Stock Purchase Agreement (Universal Tanning Ventures Inc), Stock Purchase Agreement (Directview Holdings Inc), Regulation S 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: 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)

Absence of Liabilities. Except as set forth in the Financial StatementsStatements or in the Company's 10-KSB dated March 31, 2003, 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 1 contract

Samples: Regulation S Stock Purchase Agreement (Power Efficiency 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 Statements. 3.12.

Appears in 1 contract

Samples: Regulation S Stock Purchase Agreement (Material Technologies Inc /Ca/)

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