Common use of Changes in Financial Position Clause in Contracts

Changes in Financial Position. Since February 6, 2006: (i) the Company has not paid or declared any dividend or incurred any material capital expenditure or made any commitment therefore; (ii) the Company has not incurred any obligation or liability, direct or indirect, contingent or otherwise, except in the ordinary course of business and which is not, and which in the aggregate are not, material; and (iii) the Company has not entered into any material transaction, except in each case as disclosed in the Public Record;

Appears in 2 contracts

Samples: Agency Agreement (Adira Energy Ltd.), Subscription Receipt Agreement

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Changes in Financial Position. Since February 6Other than as disclosed in the Public Disclosure Documents, 2006since August 31, 2014: (i) the Company has not paid or declared any dividend or incurred any material capital expenditure or made any commitment therefore;, (ii) the Company has not incurred any obligation or liability, direct or indirect, contingent or otherwise, except in the ordinary course of business and which is not, and which in the aggregate are not, material; , and (iii) the Company has not entered into any material transaction, except in each case as disclosed in the Public Record;.

Appears in 1 contract

Samples: Agency Agreement (Avalon Rare Metals Inc.)

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Changes in Financial Position. Since February 6December 31, 20062015: (i) the Company has not paid or declared any dividend or incurred any material capital expenditure or made any commitment thereforetherefor; (ii) the Company has not incurred any obligation or liability, direct or indirect, contingent or otherwise, except in the ordinary course of business and which is not, and which in the aggregate are not, material; and (iii) the Company has not entered into any material transaction, ; except in each case as disclosed in the Public Record;.

Appears in 1 contract

Samples: Underwriting Agreement (Canadian Zinc Corp)

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