Common use of Activities Since Balance Sheet Date Clause in Contracts

Activities Since Balance Sheet Date. Since the Company's balance sheet dated August 3 1, 1997 there has not been: (a) any damage, destruction or loss, whether or not covered by insurance, materially and adversely affecting the assets, properties, financial condition, operating results, or business of the Company; (b) any waiver by the Company of a valuable right or of a material debt owed to it; (c) any material change or amendment to a material contract or arrangement by which the Company or any of its assets or properties is bound or subject, except for changes or amendments which are expressly provided for or disclosed in this Agreement; (d) any loans or guarantees made by the Company to or for the benefit of its employees, officers or directors, or any members of their immediate families, other than travel advances or other advances made in the ordinary course of business; (e) any declaration, setting aside or payment or other distribution in respect of any of the Company's capital stock, or any direct or indirect redemption, purchase or other acquisition of any such stock by the Company; (f) any incurrance of indebtedness for money borrowed individually in excess of $50,000 or in excess of $100,000 in the aggregate; (g) any material change in any compensation arrangement or agreement with any employee; (h) any sale, assignment or transfer of any patents, trademarks, copyrights, trade secrets or other intangible assets; (i) any resignation or termination of employment of any key officer of the Company; and (j) to the Company's knowledge, any other event or condition or any character which would be reasonably likely to materially and adversely affect the assets, properties, financial condition, operating results or business of the Company;

Activities Since Balance Sheet Date. Since the Company's balance sheet dated August May 3 1, 1997 there has not been: (a) any damage, destruction or loss, whether or not covered by insurance, materially and adversely affecting the assets, properties, financial condition, operating results, or business of the Company; (b) any waiver by the Company of a valuable right or of a material debt owed to it; (c) any material change or amendment to a material contract or arrangement by which the Company or any of its assets or properties is bound or subject, except for changes or amendments which are expressly provided for or disclosed in this Agreement; (d) any loans or guarantees made by the Company to or for the benefit of its employees, officers or directors, or any members of their immediate families, other than travel advances or other advances made in the ordinary course of business; (e) any declaration, setting aside or payment or other distribution in respect of any of the Company's capital stock, or any direct or indirect redemption, purchase or other acquisition of any such stock by the Company; (f) any incurrance of indebtedness for money borrowed individually in excess of $50,000 or in excess of $100,000 in the aggregate; (g) any material change in any compensation arrangement or agreement with any employee; (h) any sale, assignment or transfer of any patents, trademarks, copyrights, trade secrets or other intangible assets; (i) any resignation or termination of employment of any key officer of the Company; and (j) to the Company's knowledge, any other event or condition or any character which would be reasonably likely to materially and adversely affect the assets, properties, financial condition, operating results or business of the Company;

Activities Since Balance Sheet Date. Since the Company's balance sheet dated August 3 1July 31, 1997 1996 there has not been: (a) any damage, destruction or loss, whether or not covered by insurance, materially and adversely affecting the assets, properties, financial condition, operating results, or business of the Company; (b) any waiver by the Company of a valuable right or of a material debt owed to it; (c) any material change or amendment to a material contract or arrangement by which the Company or any of its assets or properties is bound or subject, except for changes or amendments which are expressly provided for or disclosed in this Agreement; (d) any loans or guarantees made by the Company to or for the benefit of its employees, officers or directors, or any members of their immediate families, other than travel advances or other advances made in the ordinary course of business; (e) any declaration, setting aside or payment or other distribution in respect of any of the Company's capital stock, or any direct or indirect redemption, purchase or other acquisition of any such stock by the Company; (f) any incurrance incurrence of indebtedness for money borrowed individually in excess of $50,000 or in excess of $100,000 in the aggregate; (g) any material change in any compensation arrangement or agreement with any employee; (h) any sale, assignment or transfer of any patents, trademarks, copyrights, trade secrets or other intangible assets; (i) any resignation or termination of employment of any key officer of the Company; and (j) to the Company's knowledge, any other event or condition or any character which would be reasonably likely to materially and adversely affect the assets, properties, financial condition, operating results or business of the Company;

Activities Since Balance Sheet Date. Since the Company's balance sheet dated August 3 1June 30, 1997 1996 there has not been: (a) any damage, destruction or loss, whether or not covered by insurance, materially and adversely affecting the assets, properties, financial condition, operating results, or business of the Company; (b) any waiver by the Company of a valuable right or of a material debt owed to it; (c) any material change or amendment to a material contract or arrangement by which the Company or any of its assets or properties is bound or subject, except for changes or amendments which are expressly provided for or disclosed in this Agreement; (d) any loans or guarantees made by the Company to or for the benefit of its employees, officers or directors, or any members of their immediate families, other than travel advances or other advances made in the ordinary course of business; (e) any declaration, setting aside or of payment or other distribution in respect of any of the Company's capital stock, or any direct or indirect redemption, purchase or other acquisition of any such stock by the Company; (f) any incurrance of indebtedness for money borrowed individually in excess of $50,000 or in excess of $100,000 in the aggregate; (g) any material change in any compensation arrangement or agreement with any employee; (h) any sale, assignment or transfer of any patents, trademarks, copyrights, trade secrets or other intangible assets; (i) any resignation or termination of employment of any key officer of the Company; and (j) to the Company's knowledge, any other event or condition or any character which would be reasonably likely to materially and adversely affect the assets, properties, financial condition, operating results or business of the Company;

Activities Since Balance Sheet Date. Since the Company's balance sheet dated August 3 1, 1997 12-31-1999 there has not been: : (a) any damage, destruction or loss, whether or not covered by insurance, materially and adversely affecting the assets, properties, financial condition, operating results, or business of the Company; ; (b) any waiver by the Company of a valuable right or of a material debt owed to it; ; (c) any material change or amendment to a material contract or arrangement by which the Company or any of its assets or properties is bound or subject, except for changes or amendments which are expressly provided for or disclosed in this Agreement; ; (d) any loans or guarantees made by the Company to or for the benefit of its employees, officers or directors, or any members of their immediate families, other than travel advances or other advances made in the ordinary course of business; ; (e) any declaration, setting aside or of payment or other distribution in respect of any of the Company's capital stock, or any direct or indirect redemption, purchase or other acquisition of any such stock by the Company; ; (f) any incurrance incurrence of indebtedness for money borrowed individually in excess of $50,000 or in excess of $100,000 in the aggregate; ; (g) any material change in any compensation arrangement or agreement with any employee; employee other than the January 1, 2000 employment agreements with Bill Mercur and Phil Seid, which the Xxxxxxxx xnd itx xxxxxxxants have reviewed; (h) any sale, assignment or transfer of any patents, trademarks, copyrights, trade secrets or other intangible assets; ; (i) any resignation or termination of employment of any key officer of the Company; and and (j) to the Company's knowledge, any other event or condition or any character which would be reasonably likely to materially and adversely affect the assets, properties, financial condition, operating results or business of the Company;.

Activities Since Balance Sheet Date. Since the Company's balance sheet dated August 3 1, 1997 12-31-1999 there has not been: : (a) any damage, destruction or loss, whether or not covered by insurance, materially and adversely affecting the assets, properties, financial condition, operating results, or business of the Company; ; (b) any waiver by the Company of a valuable right or of a material debt owed to it; ; (c) any material change or amendment to a material contract or arrangement by which the Company or any of its assets or properties is bound or subject, except for changes or amendments which are expressly provided for or disclosed in this Agreement; ; (d) any loans or guarantees made by the Company to or for the benefit of its employees, officers or directors, or any members of their immediate families, other than travel advances or other advances made in the ordinary course of business; ; (e) any declaration, setting aside or of payment or other distribution in respect of any of the Company's capital stock, or any direct or indirect redemption, purchase or other acquisition of any such stock by the Company; ; (f) any incurrance incurrence of indebtedness for money borrowed individually in excess of $50,000 or in excess of $100,000 in the aggregate; ; (g) any material change in any compensation arrangement or agreement with any employee; employee other than the January 1, 2000 employment agreements with Bill Mercur and Phil Seid, xxxxx xhe Inxxxxxx xxd its accountants have reviewed; (h) any sale, assignment or transfer of any patents, trademarks, copyrights, trade secrets or other intangible assets; ; (i) any resignation or termination of employment of any key officer of the Company; and and (j) to the Company's knowledge, any other event or condition or any character which would be reasonably likely to materially and adversely affect the assets, properties, financial condition, operating results or business of the Company;.