Common use of Absence of Undisclosed and Contingent Liabilities Clause in Contracts

Absence of Undisclosed and Contingent Liabilities. (a) Seller has no material Liabilities except (i) Liabilities which are reflected and properly reserved against in the Financial Statements, (ii) Liabilities incurred in the Ordinary Course of Business since March 31, 2003, and (iii) Liabilities arising under the Contracts set forth in the Schedules or which are not required to be disclosed on such Schedules and which have arisen in the Ordinary Course of Business. (b) None of the Liabilities described in this Section 6.7 relates to any breach of contract, breach of warranty, tort, infringement or violation of law, or arose out of any action, order, writ, injunction, judgment, or decree outstanding or claim, suit, litigation, proceeding, investigation or dispute attributable to any material Liabilities. (c) The reserves for Liabilities set forth on the balance sheets included in the Financial Statements are reasonable.

Absence of Undisclosed and Contingent Liabilities. (a) Seller has no material Liabilities except (i) Liabilities which are reflected and properly reserved against in the Financial Statements, (ii) Liabilities incurred in the Ordinary Course of Business since March 31, 2003, and (iii) Liabilities arising under the Contracts set forth in the Schedules or which are not required to be disclosed on such Schedules and which have arisen in the Ordinary Course of Business. (b) None of the Liabilities described in this Section 6.7 relates to any breach of contract, breach of warranty, tort, infringement or violation of law, or arose out of any action, order, writ, injunction, judgment, or decree outstanding or claim, suit, litigation, proceeding, investigation or dispute attributable to any material Liabilitiesdispute. (c) The reserves for Liabilities set forth on the balance sheets included in the Financial Statements are reasonable.

Absence of Undisclosed and Contingent Liabilities. Except as set forth on Schedule 6.9: (a) Seller has no material Liabilities except (i) Liabilities which are reflected and properly reserved against it in the Financial Statements, (ii) Liabilities incurred in the Ordinary Course of Business since March 31June 30, 20032011, and (iii) Liabilities arising under the Contracts set forth in the Schedules or which are not required to be disclosed on such Schedules and which have arisen in the Ordinary Course of Business. (b) None of the Seller has no Liabilities described in this Section 6.7 relates that relate to any breach of contract, breach of warranty, tort, infringement or violation of law, or arose out of any action, order, writ, injunction, judgment, or decree outstanding or claim, suit, litigation, proceeding, investigation or dispute attributable to any material Liabilitiesdispute. (c) The reserves for Liabilities set forth on the balance sheets included in the Financial Statements are reasonablesufficient to provide coverage for contingent or other Liability that may arise after June 30, 2011.