Common use of Absence of Unusual Transactions Clause in Contracts

Absence of Unusual Transactions. Since the Balance Sheet Date, the Company has not: (i) transferred, assigned, sold or otherwise disposed of any of the assets shown in the balance sheet contained in the Financial Statements except in the ordinary and usual course of business; (ii) except as disclosed in the Financial Statements suffered an operating loss or any extraordinary loss, or waived any rights of substantial value, or entered into any commitment or transaction not in the ordinary and usual course of business where such loss, rights, commitment or transaction is or would be material in relation to the Company or the Business, as the case may be; (iii) mortgaged, pledged, subjected to lien, granted a security interest in or otherwise encumbered any of the Company's assets; or (iv) authorized or agreed or otherwise become committed to do any of the foregoing; (v) declared or paid any dividends; or (vi) except in the ordinary course of business or pursuant to an interim financing of $1,250,000 provided to the Company in October 1997 by Imperial Bank (the "Imperial Bank Bridge Financing"), incurred any indebtedness.

Absence of Unusual Transactions. Since the Balance Sheet Date, the Company has not: (i) transferred, assigned, sold or otherwise disposed of any of the Company's assets shown in the balance sheet contained in the Financial Statements except in the ordinary and usual course of business; (ii) except as disclosed in the Financial Statements suffered an operating loss or any extraordinary loss, or waived any rights of substantial value, or entered into any commitment or transaction not in the ordinary and usual course of business where such loss, rights, commitment or transaction is or would be material in relation to the Company or the Businessbusiness, as the case may be; (iii) mortgaged, pledged, subjected to lien, granted a security interest in or otherwise encumbered any of the Company's assets; or; (iv) declared or paid any dividends; (v) incurred any indebtedness except in the ordinary course of business; (vi) authorized or agreed or otherwise become committed to do any of the foregoing; (v) declared or paid any dividends; or (vivii) except made a change in the ordinary course accounting methods, practices or policies of business or pursuant to an interim financing of $1,250,000 provided to the Company Company, other than in October 1997 by Imperial Bank (the "Imperial Bank Bridge Financing"), incurred any indebtednessaccordance with generally accepted accounting principles.

Absence of Unusual Transactions. Since Except as disclosed in Schedule 25 hereto, since the Balance Sheet Datedate of the Financial Year End, the Company has Corporations have not: (ia) transferred, assigned, sold or otherwise disposed of any of the assets shown in the balance sheet sheets contained in the Financial Statements except in the ordinary and usual course Ordinary Course of businessBusiness; (iib) except as disclosed in the Financial Statements suffered an operating loss or any extraordinary loss, or waived any rights of substantial value, or entered into any commitment or transaction not in the ordinary and usual course Ordinary Course of business Business where such loss, rights, commitment or transaction is or would be material in relation to the Company Corporations, or the BusinessBusiness of either, as the case may be; (iiic) except as disclosed in Schedule 6 hereto, mortgaged, pledged, subjected to lien, granted a security interest in or otherwise encumbered any of its assets except in the Company's assetsOrdinary Course of Business; or (ivd) except as expressly disclosed herein, authorized or agreed or otherwise become committed to do any of the foregoing; (v) declared or paid any dividends; or (vi) except in the ordinary course of business or pursuant to an interim financing of $1,250,000 provided to the Company in October 1997 by Imperial Bank (the "Imperial Bank Bridge Financing"), incurred any indebtedness.

Absence of Unusual Transactions. Since the Balance Sheet Date, the Company has not: (i) transferred, assigned, sold or otherwise disposed of any of the assets shown in the balance sheet contained in the Financial Statements except in the ordinary and usual course of business; (ii) except as disclosed in the Financial Statements suffered an operating loss or any extraordinary loss, or waived any rights of substantial value, or entered into any commitment or transaction not in the ordinary and usual course of business where such loss, rights, commitment or transaction is or would be material in relation to the Company or the Business, as the case may be; (iii) mortgaged, pledged, subjected to lien, granted a security interest in or otherwise encumbered any of the Company's assets; (iv) declared or paid any dividends; (v) incurred any indebtedness except in the ordinary course of business; or (ivvi) authorized or agreed or otherwise become committed to do any of the foregoing; (v) declared or paid any dividends; or (vi) except in the ordinary course of business or pursuant to an interim financing of $1,250,000 provided to the Company in October 1997 by Imperial Bank (the "Imperial Bank Bridge Financing"), incurred any indebtedness.