Common use of Absence of Material Liabilities Clause in Contracts

Absence of Material Liabilities. The Company has no liabilities, obligations or indebtedness (whether accrued, absolute, contingent, liquidated or otherwise, whether due or to become due) except: (i) those liabilities reflected and provided for on the Balance Sheet; (ii) those fully described and listed on the Disclosure Schedule; and (iii) those incurred by the Company in the ordinary course of its business since and which do not in the aggregate exceed $5,000, which, in both cases, individually or in the aggregate, are not material to the financial condition or operating results of the Company.

Absence of Material Liabilities. The Company has no liabilities, obligations or indebtedness (whether accrued, absolute, contingent, liquidated or otherwise, whether due or to become due) except: (i) those liabilities reflected and provided for on the Balance Sheet; (ii) those fully described and listed on the Financial Statements and Disclosure Schedule; and (iiiii) those incurred by the Company in the ordinary course of its business since and its inception (x) which do not in the aggregate exceed fifty thousand dollars ($5,000, 50,000) and (y) which, in both cases, individually or in the aggregate, are not material to the financial condition or operating results of the Company.

Absence of Material Liabilities. The Company has no liabilities, obligations or indebtedness (whether accrued, absolute, contingent, liquidated or otherwise, whether due or to become due) except: (i) those liabilities reflected and provided for on the Balance Sheet; (ii) those fully described and listed on the Financial Statements and Disclosure Schedule; and (iiiii) those incurred by the Company in the ordinary course of its business since its inception and which do not in the aggregate exceed fifty thousand dollars ($5,00050,000), which, in both cases, individually or in the aggregate, are not material to the financial condition or operating results of the Company.