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Common use of Changes Clause in Contracts

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 20 contracts

Samples: Security Agreement (Accentia Biopharmaceuticals Inc), Security Agreement (ProLink Holdings Corp.), Security and Purchase Agreement (Time America Inc)

Changes. Since the Balance Sheet DateDecember 31, 2003, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in prospects of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 12 contracts

Samples: Securities Purchase Agreement (Petrol Oil & Gas Inc), Securities Purchase Agreement (Gvi Security Solutions Inc), Securities Purchase Agreement (Vertical Health Solutions Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries' business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries' officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries' contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries' stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries' assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 12 contracts

Samples: Security and Purchase Agreement (Naturade Inc), Security and Purchase Agreement (Greenman Technologies Inc), Security Agreement (American Technologies Group Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 12 contracts

Samples: Securities Purchase Agreement (Micro Component Technology Inc), Securities Purchase Agreement (Implant Sciences Corp), Securities Purchase Agreement (Blast Energy Services, Inc.)

Changes. Since the Balance Sheet DateSeptember 30, 2006, except as disclosed in or any Exchange Act Filing or in any other Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, properties or operations or prospects, which, individually or in of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment assignment, hypothecation or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 8 contracts

Samples: Securities Purchase Agreement (Singing Machine Co Inc), Securities Purchase Agreement (Singing Machine Co Inc), Securities Purchase Agreement (Singing Machine Co Inc)

Changes. Since the Balance Sheet Statement Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (ia) any Any change in its or any of its Subsidiaries’ business, the assets, liabilities, financial condition (financial or otherwise)operations of the Company from that reflected in the Financial Statements, propertiesother than changes in the ordinary course of business, operations or prospects, which, none of which individually or in the aggregate, aggregate has had, had or could reasonably be is expected to have, have a Material Adverse EffectEffect on such assets, liabilities, financial condition, operations or prospects of the Company; (iib) any Any resignation or termination of any officer or key employee of the Company; and the Company, to the best of its knowledge, does not know of the impending resignation or its Subsidiaries’ officers, termination of employment of any such officer or key employees or groups of employeesemployee; (iiic) any Any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ the contingent obligations of the Company by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any Any damage, destruction or loss, whether or not covered by insurance, which that has had, had or could would reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; (ve) any Any waiver by it or any of its Subsidiaries the Company of a valuable right or of a material debt owed to it; (vif) any Any direct or indirect material loans made by it or any of its Subsidiaries the Company to any shareholder, employee, officer or director of its or any of its Subsidiaries’ stockholders, employees, officers or directorsthe Company, other than advances made in the ordinary course of business; (viig) any Any material change in any compensation arrangement or agreement with any employee, officer, director or stockholdershareholder; (viiih) any Any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assetsthe Company; (ixi) any Any labor organization activity related to it or any of its Subsidiariesactivity; (xj) any Any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesthe Company, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any Any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assets; (xiil) any Any change in any material agreement to which it or any of its Subsidiaries the Company is a party or by which either it or any of its Subsidiaries is bound which, either individually which has had or in the aggregate, has had, or could would reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; (xiiim) any Any other event or condition of any character that, either individually or in the aggregatecumulatively, has had, had or could would reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; or (xivn) any Any arrangement or commitment by it or any of its Subsidiaries the Company to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 6 contracts

Samples: Series D 4 Convertible Preferred Stock and Warrant Purchase Agreement (Inphonic Inc), Series D Convertible Preferred Stock Purchase Agreement (Inphonic Inc), Series D 3 Convertible Preferred Stock Purchase Agreement (Inphonic Inc)

Changes. Since the Balance Sheet DateDecember 31, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements2008, there has not been: (i) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, occurred or could reasonably be expected to have, a occur any of the following: (a) any Material Adverse EffectChange; (iib) any resignation or termination of any of its or its Subsidiaries’ officersofficer, key employees employee or groups of employeesemployees of the Corporation, any Subsidiary or any Owned Entity; (iiic) any material change, except in the ordinary course of business, in the contingent obligations of the Corporation, its Subsidiaries or any of its Subsidiaries’ contingent obligations Owned Entity by way of guarantyGuarantee, endorsement, indemnity, warranty or otherwiseother contractual arrangement; (ivd) any damage, destruction or loss, whether or not covered by insurance, which that has had, had or could would reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; (ve) any waiver by it the Corporation, any Subsidiary or any of its Subsidiaries Owned Entity of a valuable material right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viif) any material change increase in any compensation arrangement or agreement with any employee, officer, officer or director other than routine annual increases in compensation or stockholderpromotions or bonuses awarded in the ordinary course of business; (viiig) to the knowledge of the Corporation, any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor labour organization activity related to it the Corporation or any of its SubsidiariesSubsidiary; (xh) any debtIndebtedness, obligation or liability incurred, assumed or guaranteed by it the Corporation, any Subsidiary or any of its SubsidiariesOwned Entity, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xii) any sale, assignment or transfer of any Intellectual Property Proprietary Asset, other than the nonexclusive license by the Corporation, any Subsidiary or other intangible assetsany Owned Entity of such Proprietary Assets to customers, suppliers or contract manufacturers in the ordinary course of business consistent with past practices; (xiij) any change in any material agreement Material Contract to which it the Corporation, any Subsidiary or any of its Subsidiaries Owned Entity is a party or by which either it or any of its Subsidiaries is bound whichbound, either individually or in the aggregate, which change has had, had or could reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivk) any arrangement or commitment by it the Corporation, any Subsidiary or any of its Subsidiaries Owned Entity to do any of the acts described in subsection (i) through (xiii) of this Section 12(h)4.13.

Appears in 4 contracts

Samples: Note Purchase Agreement (BELLUS Health Inc.), Note Purchase Agreement (BELLUS Health Inc.), Note Purchase Agreement (BELLUS Health Inc.)

Changes. Since the Balance Sheet DateMarch 31, 2004, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in prospects of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Island Pacific Inc), Securities Purchase Agreement (Centurion Gold Holdings Inc), Securities Purchase Agreement (Centurion Gold Holdings Inc)

Changes. Since the Balance Sheet DateDecember 31, 2004, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in prospects of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Island Pacific Inc), Securities Purchase Agreement (Island Pacific Inc), Securities Purchase Agreement (Incentra Solutions, Inc.)

Changes. Since the Balance Sheet DateDecember 31, 2003, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Comc Inc), Securities Purchase Agreement (Science Dynamics Corp), Securities Purchase Agreement (Rezconnect Technologies Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any ------- Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director director, stockholder of the Company or stockholderany of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 3 contracts

Samples: Securities Purchase Agreement (New Century Energy Corp.), Securities Purchase Agreement (New Century Energy Corp.), Securities Purchase Agreement (New Century Energy Corp.)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule Section 8.20 of Borrower’s Disclosure Schedule, with respect to this Agreement or to any of the Ancillary AgreementsBorrower, there has not been: (ia) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (iib) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, managers, members, employees, managers, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, manager, director or stockholderequity holder; (viiih) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ixi) any labor organization activity related to it or any of its Subsidiariesit; (xj) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesit, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment assignment, transfer, abandonment or transfer other disposition of any Intellectual Property or other intangible assetsCollateral; (xiil) any change in any material agreement Material Contract to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)8.20.

Appears in 3 contracts

Samples: Loan and Security Agreement (BTHC X Inc), Loan and Security Agreement (Greenwood Hall, Inc.), Loan and Security Agreement (Greenwood Hall, Inc.)

Changes. Since the Balance Sheet DateMarch 31, 2006, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in prospects of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Bio Key International Inc), Securities Exchange Agreement (Bio Key International Inc), Securities Purchase Agreement (Bio Key International Inc)

Changes. Since the Balance Sheet DateSeptember 30, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements2016, there has not been: (ia) any change in its or any of its Subsidiaries’ business, the assets, liabilities, financial condition (financial or otherwise)operating results of the Buyer and its Subsidiaries, propertiesexcept changes in the ordinary course of business that have not caused, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Buyer Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivb) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, that would have a Buyer Material Adverse Effect; (vc) any waiver or compromise by it the Buyer or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vid) any direct satisfaction or indirect discharge of any lien, claim, or encumbrance or payment of any obligation by the Buyer or any of its Subsidiaries, except in the ordinary course of business and the satisfaction or discharge of which would not have a Buyer Material Adverse Effect; (e) any material loans made change to a material contract or agreement by it which the Buyer or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers their assets is bound or directors, other than advances made in the ordinary course of businesssubject; (viif) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viiig) any declaration resignation or payment termination of employment of any dividend officer of the Buyer; (h) any mortgage, pledge, transfer of a security interest in, or other distribution lien, created by the Buyer or any of its Subsidiaries, with respect to any of its material properties or assets, except liens for Taxes not yet due or payable and liens that arise in the ordinary course of business and do not materially impair the Buyer’s or any of its Subsidiaries’ ownership or use of such property or assets; (ixi) any labor organization activity related loans or guarantees made by the Buyer or any of its Subsidiaries to it or for the benefit of its employees, officers or directors, or any members of their immediate families, other than travel advances and other advances made in the ordinary course of its business; (j) any declaration, setting aside or payment or other distribution in respect of any of the Buyer’s or any of its Subsidiaries’ capital stock, or any direct or indirect redemption, purchase, or other acquisition of any of such stock by the Buyer or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Buyer Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or that could reasonably be expected to have, individually or result in the aggregate, a Buyer Material Adverse Effect; (xiiil) receipt of notice that there has been a loss of, or material order cancellation by, any major customer of the Buyer or any of its Subsidiaries; (m) to the Buyer’s Knowledge, any other event or condition of any character thatcharacter, either individually other than events affecting the economy or in the aggregateBuyer’s industry generally, has had, or that could reasonably be expected to have, individually or result in the aggregate, a Buyer Material Adverse Effect; or (xivn) any arrangement or commitment by it the Buyer or any of its Subsidiaries to do any of the acts things described in subsection (i) through (xiii) of this Section 12(h)3.15.

Appears in 3 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Translate Bio, Inc.), Asset Purchase Agreement (Translate Bio, Inc.)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Securities Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise, other than (A) any Permitted Guarantees, or (B) any new licenses arising from the purchase of “off the shelf” or other standard products containing indemnification provisions protecting the licensor thereof; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its the assets of the Company or any of its Subsidiaries’ assetsSubsidiaries (for the sake of clarity, advances and repayments of intercompany loans and advances among the Company and its Subsidiaries are not such distributions); (ixi) any labor organization activity related to it the Company or any of its Subsidiaries; (xj) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and amounts, for current liabilities incurred in the ordinary course of business, and for Permitted Indebtedness and Permitted Guarantees; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 3 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement (TRUEYOU.COM), Securities Purchase Agreement (TRUEYOU.COM)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment assignment, transfer, abandonment or transfer other disposition of any Intellectual Property or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 3 contracts

Samples: Security Agreement (ProLink Holdings Corp.), Security Agreement (Rapid Link Inc), Security Agreement (Sten Corp)

Changes. Since the Balance Sheet DateDecember 31, 2003, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in prospects of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any waiver by it resignation or termination of any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director key employee or stockholder; (viii) any declaration or payment group of any dividend or other distribution employees of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xc) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesmaterial change, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer in the contingent obligations of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it the Company or any of its Subsidiaries is a party by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by which either it or any of its Subsidiaries is bound which, either individually or in the aggregateinsurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiie) any waiver by the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (f) any direct or indirect loans made by the Company or any of its Subsidiaries to any stockholder, employee, officer or director of the Company or any of its Subsidiaries, other than advances made in the ordinary course of business; (g) any material change in any compensation arrangement or agreement with any key employee, officer, director or stockholder of the Company or any of its Subsidiaries; (h) any declaration or payment of any dividend or other distribution of the assets of the Company or any of its Subsidiaries; (i) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by the Company or any of its Subsidiaries in excess of a principal amount of $300,000 in the aggregate, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (k) any sale, assignment or transfer of any material patents, trademarks, copyrights, trade secrets or other intangible assets owned by the Company or any of its Subsidiaries other than in the ordinary course of business; (l) any change in any material agreement to which the Company or any of its Subsidiaries is a party or by which either the Company or any of its Subsidiaries is bound which either individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (m) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Creative Vistas Inc), Securities Purchase Agreement (Creative Vistas Inc)

Changes. Since the Balance Sheet DateMarch 31, 2005 , except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in prospects of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Bio Key International Inc), Securities Purchase Agreement (Bio Key International Inc)

Changes. Since Except as described in the Balance Sheet DateAgreements listed at Schedule 4.7 (a), except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreementssince June 30th, 2010, there has not been: (ia) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, Any event that has had, had or could reasonably be expected to haveadversely affect the financial condition, a Material Adverse Effectbusiness, results of operations or prospects of the Company or any of its Subsidiaries in any material manner; (iib) any Any resignation or termination of any of its or its Subsidiaries’ officersexecutive officer, key employee or group of employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivc) any Any damage, destruction or loss, whether or not covered by insurance, which has had, with respect to the properties and assets of the Company or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effectany of its Subsidiaries; (vd) any Any waiver or compromise by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to itthem; (vie) any direct or indirect material Any loans made by it the Company or any of its Subsidiaries to any stockholder, employee, executive officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viif) any Any material change in any compensation arrangement or agreement with any employee, executive officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiig) any Any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xh) Any labor organization activity related to the Company or any debt, obligation or liability of its Subsidiaries; (i) Any debt incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xij) any Any sale, mortgage, pledge, transfer, lease or other assignment or transfer of any Intellectual Property (as defined below) owned by the Company or other intangible assetsany of its Subsidiaries; (xiik) any Any material change in any material agreement to which it Material Contract; (l) Any sale, mortgage, pledge, transfer, lease or other assignment of any of the tangible assets of the Company or any of its Subsidiaries is a party or outside of the ordinary course of business; (m) Any capital expenditure by which either it the Company or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition excess of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect$10,000; or (xivn) any Any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Convertible Note and Warrant Purchase Agreement, Convertible Note and Warrant Purchase Agreement (BioAmber Inc.)

Changes. Since the Balance Sheet DateExcept as set forth on Schedule 4.19, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreementssince December 31, 1996, there has not been: (ia) any change in its the assets, liabilities, financial condition or operating results of the Company or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, whichexcept changes in the ordinary course of business that could not reasonably be expected, individually or in the aggregate, has had, or could reasonably be expected to have, have a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivb) any damage, destruction or loss, whether or not covered by insurance, which has had, or insurance that could reasonably be expected to haveexpected, individually or in the aggregate, to have a Material Adverse Effect; (vc) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to itit outside of the ordinary course of business or that otherwise could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (vid) any direct satisfaction or indirect material loans made discharge of any Lien or payment of any obligation by it the Company or any of its Subsidiaries that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (e) any of its change or amendment to a contract or arrangement by which the Company or any of its Subsidiaries’ stockholdersSubsidiaries or any of their respective assets or properties is bound or subject that could reasonably be expected, employeesindividually or in the aggregate, officers or directors, to have a Material Adverse Effect; (f) other than advances made in the ordinary course of business; (vii) , any material change increase in excess of $25,000 annually in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment employee of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it Company or any of its Subsidiaries is a party receiving compensation; (g) any events or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or circumstances that otherwise could reasonably be expected to haveexpected, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; orand (xivh) any arrangement or commitment by it none of the Company or any of its Subsidiaries to do any of the acts described in subsection has (i) through declared or paid any dividends, or authorized or made any distribution upon or with respect to any class or series of its capital stock or equity interests, (xiiiii) incurred any indebtedness for money borrowed in excess of this Section 12(h)$20,000, (iii) made any loans or advances to any Person, other than ordinary advances for travel expenses not exceeding $20,000, or (iv) sold, exchanged or otherwise disposed of any of its assets or rights for consideration in excess of $20,000 in any one transaction or series of related transactions.

Appears in 2 contracts

Samples: Series B Convertible Preferred Stock Purchase Agreement (Tc Group LLC), Series B Convertible Preferred Stock Purchase Agreement (Sight Resource Corp)

Changes. Since the Balance Sheet DateMarch 31, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, 2002 there has not been: (ia) any change in its or any of its Subsidiaries’ business, assets, liabilitiesdevelopment, condition (financial or otherwise), properties, operations circumstance which has had or prospects, which, individually or in the aggregate, has had, or could should reasonably be expected to have, have a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiib) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has hadmaterially and adversely affecting the assets, properties, financial condition, operating results or could reasonably be expected to have, individually business of the Company or in the aggregate, a Material Adverse Effectany of its Subsidiaries (as such business is presently conducted); (vc) any satisfaction or discharge of any lien, claim or encumbrance or payment of any obligation by the Company or any of its Subsidiaries, except in the ordinary course of business; (d) any waiver by it the Company or any of its Subsidiaries of a valuable material right or of a material debt owed to it; (vie) any direct change or indirect amendment to a material loans made contract or material arrangement by it which the Company, any of its Subsidiaries or any of its Subsidiaries to any of its assets or any of its Subsidiaries’ stockholdersproperties is bound or subject, employees, officers or directors, other than advances made except in the ordinary course of businessbusiness which have not been in the aggregate materially adverse; (viif) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any employee or group of its Subsidiaries’ assets; (ixemployees who receive, in the aggregate, a material amount of cash, options and other remuneration under such arrangement(s) any labor organization activity related to it or agreement(s), of the Company or any of its Subsidiaries; (xg) any debtsale, obligation assignment, license or liability incurredtransfer of any patents, assumed trademarks, copyrights, trade secrets or guaranteed by it other intangible assets of the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred Subsidiaries other than non-exclusive licenses in the ordinary course of business; (xih) any sale, assignment resignation or transfer termination of employment of any Intellectual Property officer of the Company or other intangible assetsany of its Subsidiaries; and the Company does not know of the impending resignation or termination of employment of any such officer; (xiii) to the actual knowledge of any director or executive officer of the Company, receipt of notice that there has been a loss of, or order cancellation by, any major customer of the Company or any of its Subsidiaries; (j) any change in any material agreement to which it loans made by the Company or any of its Subsidiaries is a party to or by which either it for the benefit of its employees, officers or directors, or any members of its Subsidiaries is bound which, either their immediate families in excess of $250,000 individually or in the aggregate, has hadother than travel advances and other advances made in the ordinary course of its business, or could reasonably be expected any guarantees made by the Company or any of its subsidiaries to have, individually or for the benefit of any of the foregoing persons other than in the aggregate, a Material Adverse Effectordinary course; (xiiik) any declaration, setting aside or payment or other distribution in respect of any of the Company's capital stock, or any direct redemption, purchase or other acquisition of any of such stock by the Company or any of its Subsidiaries; (l) any other event or condition of any character that, either individually or in that the aggregate, has had, or could Company believes would reasonably be expected to have, individually or in the aggregate, cause a Material Adverse Effect; or (xivm) any arrangement agreement or commitment by it the Company or any of its Subsidiaries to do any of the acts things described in subsection (i) through (xiii) of this Section 12(h)2.19.

Appears in 2 contracts

Samples: Purchase Agreement (24/7 Media Inc), Purchase Agreement (24/7 Media Inc)

Changes. Since the Balance Sheet Measurement Date, except as disclosed in any Exchange Act Filing or in any on Schedule to this Agreement or to any of the Ancillary Agreements6.10, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of any Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any key officer, key employee or group of key employees of any Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of any Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any express waiver by it any Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it any Company or any of its Subsidiaries to any equity holder, employee, officer or director of its any Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderequity holder of any Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or the assets of any of its Subsidiaries’ assets; (ix) any labor organization activity related to it Company or any of its Subsidiaries; (xi) any labor organization activity related to any Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it any Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment assignment, transfer, abandonment or transfer other disposition of any Intellectual Property patent, trademark, copyright, trade secret or other intangible assetsasset owned by any Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it any Company or any of its Subsidiaries is a party or by which either it any Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it any Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Note Purchase Agreement (usell.com, Inc.), Note Purchase Agreement (usell.com, Inc.)

Changes. Since the Balance Sheet DateExcept as set forth on Schedule 2.18, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreementssince January 1, 2020, there has not been: (i) have been no events or circumstances of any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, kind that have had or could reasonably be expected to have, result in a Material Adverse Effect. Without limiting the generality of the foregoing, the Company has not: (a) modified any Contract listed (or required to be listed) on Schedule 2.12 or terminated any Contract that if not terminated would have been listed thereon; (iib) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) suffered any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, loss to any of its properties or assets (whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect); (vc) satisfied or discharged any waiver by it Lien or paid or incurred any Liability in excess of Twenty-Five Thousand Dollars ($25,000); (d) mortgaged, pledged, transferred a security interest in, or subjected to any Lien any of its properties or assets, except Liens for Taxes not yet due or payable and Liens that arise in the ordinary course of business and that do not materially impair its ownership or use of such property or assets; (e) entered into any loans or guarantees, to or for the benefit of its members, managers, employees or officers, or any of its Subsidiaries of a valuable right or of a material debt owed to ittheir respective Family Members; (vif) made (i) any direct filings, applications or indirect material loans made by it registrations with any Governmental Authority relating to COVID-19 or (ii) any of its Subsidiaries to other filings, applications or registrations with any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, Governmental Authority other than advances routine filings and registrations made in the ordinary course of business; (viig) sold, assigned, or transferred any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderCompany Intellectual Property; (viiih) purchased, sold, leased, exchanged or otherwise disposed of or acquired any declaration property or payment assets for which the aggregate consideration paid or payable is in excess of Twenty-Five Thousand Dollars ($25,000) in any dividend individual or other distribution series of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariestransactions, except those for immaterial amounts and for current liabilities incurred inventory in the ordinary course of business; (xii) changed its accounting practices or policies; (j) made or changed any saleTax election, assignment adopted or transfer changed any material Tax accounting method, settled or compromised any Tax claim or assessment, entered into any closing agreement in respect of Taxes, filed any amended Tax Return, or consented to the waiver or extension of the limitations period for any Tax claim or assessment; (k) disposed or agreed to dispose of any Intellectual Property material properties or other intangible assets; (xiil) any change in canceled or forgiven without fair consideration any material agreement Indebtedness or claims; (m) issued any equity interests; (n) granted options, warrants, calls or other rights to which it purchase or otherwise acquire its equity interests or other securities; (o) declared, set aside, made or paid any distribution in respect of its equity interests; (p) repurchased, redeemed or otherwise acquired any of its Subsidiaries is a party outstanding equity interests or by which either it other securities; (q) transferred, issued, sold or disposed of any of its Subsidiaries is bound which, either individually equity interests or in the aggregate, has hadother securities, or could reasonably be expected granted options, warrants, calls or other rights to have, individually purchase or in the aggregate, a Material Adverse Effectotherwise acquire any of its equity interests or other securities; (xiiir) commenced or settled any other event Legal Proceeding by it, or condition been given notice of the commencement or settlement of any character that, either individually or in the aggregate, has hadLegal Proceeding, or could reasonably be expected to havethe threat thereof, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by against it or relating to any of its Subsidiaries businesses, employees, properties or assets; (s) entered into, modified, or terminated any collective bargaining agreement or any other Contract with any workers’ representative organization, bargaining unit or Union representing or purporting or attempting to do represent any employees of the acts described in subsection (i) through (xiii) of this Section 12(h).Company;

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Trulieve Cannabis Corp.), Membership Interest Purchase Agreement (Trulieve Cannabis Corp.)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment assignment, transfer, abandonment or transfer other disposition of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Pervasip Corp), Securities Purchase Agreement (General Environmental Management, Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employeesSubsidiaries (that is not an Inactive Subsidiary); (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Modtech Holdings Inc), Securities Purchase Agreement (Modtech Holdings Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or lossloss to the Company's assets, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) to the Company's knowledge, any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) to the Company's knowledge, any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (RPM Technologies Inc), Securities Purchase Agreement (RPM Technologies Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any Section 8.20 of the Ancillary AgreementsBorrower’s Disclosure Schedule, with respect to Borrower, there has not been: (ia) any change in its or any of its Subsidiaries’ businessBusiness, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (iib) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurancebyinsurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, managers, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, manager, officer, director or stockholderequity holder; (viiih) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ixi) any labor organization activity related to it or any of its Subsidiariesit; (xj) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesit, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment assignment, transfer, abandonment or transfer other disposition of any Intellectual Property or Collateral other intangible assetsthan Inventory in the ordinary course of business; (xiil) any change in any material agreement Material Contract to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)8.20.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Sysorex Global)

Changes. Since the Balance Sheet Date, except Except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or ------- to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Texhoma Energy Inc), Securities Purchase Agreement (New Century Energy Corp.)

Changes. Since the Balance Sheet Date, except Except as disclosed set forth in any Exchange Act Filing or in any Schedule to this Agreement or to any 5.17 of the Ancillary AgreementsAcquirer Disclosure Schedule, since the Financial Date, there has not been: (ia) any change in its the assets, liabilities, financial condition or operating results of Acquirer or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or Subsidiaries from that reflected in the aggregateAcquirer Financial Statements., has had, or could except changes in the ordinary course of business that would not reasonably be expected to have, result in a Acquirer Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivb) any damage, destruction or loss, whether or not covered by insurance, which has had, or could that would reasonably be expected to have, individually or result in the aggregate, a Acquirer Material Adverse Effect; (vc) any waiver by it Acquirer or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vid) any direct satisfaction or indirect material loans made discharge of any Encumbrance or payment of any obligation by it or any of its Subsidiaries to any of its Acquirer or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made except in the ordinary course of businessbusiness and that would not reasonably be expected to result in a Acquirer Material Adverse Effect; (viie) any material change or amendment to a material contract or arrangement by which Acquirer, any of its Subsidiaries or any of their respective assets or properties is bound or subject; (f) any material change in any compensation arrangement or agreement with any key employee, officer, director or stockholder; (viiig) any declaration sale, assignment or transfer of any patents, trademarks, copyrights, trade secrets or other intangible assets; (h) any resignation or termination of employment of any key officer of Acquirer or any of its Subsidiaries; and Acquirer, to the knowledge of the Acquirer, does not know of the impending resignation or termination of employment of any such officer; (i) receipt of notice that there has been a loss of, or material order cancellation by, any major customer of Acquirer or any of its Subsidiaries; (j) any mortgage, pledge, transfer of a security interest in, or Encumbrance created by, Acquirer or any of its Subsidiaries with respect to any of their respective properties or assets, except liens for taxes not yet due or payable; (k) any loans or guarantees made by Acquirer or any of its Subsidiaries to or for the benefit of its employees, stockholders, officers, or directors, or any members of their immediate families, other than travel advances, other advances made in the ordinary course of business and loans in connection with the exercise of options; (l) any declaration, setting aside, or payment of any dividend or other distribution of the assets of Acquirer or any of its Subsidiaries in respect of any of the capital stock of Acquirer or any of its Subsidiaries’ assets; (ix) , or any labor organization activity related to it direct or indirect redemption, purchase, or other acquisition of any of such stock by Acquirer or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could that would reasonably be expected to havematerially and adversely affect the business, individually properties, prospects, or in the aggregatefinancial condition of Acquirer and its Subsidiaries, taken as a Material Adverse Effectwhole (as such business is presently conducted and as it is presently proposed to be conducted); or (xivn) any arrangement agreement or commitment by it Acquirer or any of its Subsidiaries to do any of the acts things described in subsection (i) through (xiii) of this Section 12(h)5.17.

Appears in 2 contracts

Samples: Stock Acquisition Agreement (Active Network Inc), Stock Acquisition Agreement (Active Network Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) except for additional loan disbursements by Accentia Biopharmaceuticals, Inc., a Florida corporation (the “Parent”) to the Company under those certain demand notes issued by the Company to the Parent (the “Parent Disbursements”), any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) except for the Parent Disbursements, any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except for (i) the Parent Disbursements, and (ii) those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Note Purchase Agreement (Biovest International Inc), Note Purchase Agreement (Biovest International Inc)

Changes. Since the Balance Sheet DateDecember 31, 2004, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (National Investment Managers Inc.), Securities Purchase Agreement (Fast Eddie Racing Stables Inc)

Changes. Since To the Balance Sheet DateCompany’s knowledge, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreementssince May 13, 2008, there has not been: (ia) any change in its or any of its Subsidiaries’ business, the assets, liabilities, financial condition (financial or otherwise), properties, operations or prospects, which, individually or in operating results of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material changeSCR-Tech Entities, except changes in the ordinary course of businessbusiness that have not caused, in its or any of its Subsidiaries’ contingent obligations by way of guarantythe aggregate, endorsement, indemnity, warranty or otherwisea Material Adverse Effect on the SCR-Tech Entities; (ivb) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, that would have a Material Adverse EffectEffect on the SCR-Tech Entities; (vc) any waiver or compromise by it or any of its Subsidiaries the Company of a valuable right or of a material debt owed to itany of the SCR-Tech Entities; (vid) any direct satisfaction or indirect material loans made discharge of any lien, claim, or encumbrance or payment of any obligation by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholdersthe Company, employees, officers or directors, other than advances made except in the ordinary course of businessbusiness and the satisfaction or discharge of which would not have a Material Adverse Effect on the SCR-Tech Entities; (viie) any material change in any compensation arrangement to a material contract or agreement with any employee, officer, director by which CoaLogix or stockholder; (viii) any declaration or payment of any dividend or other distribution of its the SCR-Tech Entities or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it their assets is bound or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariessubject, except those for immaterial amounts and for current liabilities incurred changes in the ordinary course of businessbusiness that have not caused, in the aggregate, a Material Adverse Effect on the SCR-Tech entities; (xif) any mortgage, pledge, transfer of a security interest in, or lien, created by the Company, with respect to any of the material properties or assets of the SCR-Tech Entities, except (i) liens for taxes not yet due or payable and liens that arise in the ordinary course of business and do not materially impair the Company’s or the SCR-Tech Entities’ ownership or use of such property or assets or (ii) as set forth on Section 2.11(f) of the Disclosure Schedule; (g) any sale, assignment or transfer of any Company Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or that could reasonably be expected to have, individually or result in the aggregate, a Material Adverse EffectEffect to the SCR-Tech Entities; (xiiih) receipt of notice that there has been a loss of, or material order cancellation by, any major customer of any of the SCR-Tech Entities; or (i) except as set forth on Section 2.11(i) of the Disclosure Schedule, any other event or condition of any character thatcharacter, either individually other than events affecting the economy or in the aggregateCompany’s industry generally, has had, or that could reasonably be expected to haveresult in a Material Adverse Effect to the SCR-Tech Entities. To the Company’s knowledge, individually or since May 13, 2008 (x) the SCR-Tech Entities have carried on and operated their business in the aggregate, ordinary course of business and (y) the SCR-Tech Entities have not suffered a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Acorn Energy, Inc.), Common Stock Purchase Agreement (Acorn Energy, Inc.)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any Section 8.21 of the Ancillary AgreementsBorrower’s Disclosure Schedule, with respect to Borrower, there has not been: (ia) any change in its or any of its Subsidiaries’ businessBusiness, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (iib) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, managers, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, manager, officer, director or stockholderequity holder; (viiih) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ixi) any labor organization activity related to it or any of its Subsidiariesit; (xj) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesit, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment assignment, transfer, abandonment or transfer other disposition of any Intellectual Property or Collateral other intangible assetsthan Inventory in the ordinary course of business; (xiil) any change in any material agreement Material Contract to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)8.20.

Appears in 2 contracts

Samples: Loan and Security Agreement (1847 Holdings LLC), Loan and Security Agreement (Youngevity International, Inc.)

Changes. Since Except as set forth on Schedule 12(h), since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Eligible Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Eligible Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Eligible Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Eligible Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Eligible Subsidiaries to any of its or any of its Eligible Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Eligible Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Eligible Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Eligible Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Eligible Subsidiaries is a party or by which either it or any of its Eligible Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Eligible Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 2 contracts

Samples: Security Agreement (Digital Angel Corp), Security Agreement (Applied Digital Solutions Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable material right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (AdAl Group Inc.), Securities Purchase Agreement (AdAl Group Inc.)

Changes. Since the Balance Sheet DateJune 30, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, 2002 there has not been: (ia) any change in its or any of its Subsidiaries’ business, assets, liabilitiesdevelopment, condition (financial or otherwise), properties, operations circumstance which has had or prospects, which, individually or in the aggregate, has had, or could should reasonably be expected to have, have a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiib) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has hadmaterially and adversely affecting the assets, properties, financial condition, operating results or could reasonably be expected to have, individually business of the Company or in the aggregate, a Material Adverse Effectany of its Subsidiaries (as such business is presently conducted); (vc) any satisfaction or discharge of any lien, claim or encumbrance or payment of any obligation by the Company or any of its Subsidiaries, except in the ordinary course of business; (d) any waiver by it the Company or any of its Subsidiaries of a valuable material right or of a material debt owed to it; (vie) any direct change or indirect amendment to a material loans made contract or material arrangement by it which the Company, any of its Subsidiaries or any of its Subsidiaries to any of its assets or any of its Subsidiaries’ stockholdersproperties is bound or subject, employees, officers or directors, other than advances made except in the ordinary course of businessbusiness which have not been in the aggregate materially adverse; (viif) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any employee or group of its Subsidiaries’ assets; (ixemployees who receive, in the aggregate, a material amount of cash, options and other remuneration under such arrangement(s) any labor organization activity related to it or agreement(s), of the Company or any of its Subsidiaries; (xg) any debtsale, obligation assignment, license or liability incurredtransfer of any patents, assumed trademarks, copyrights, trade secrets or guaranteed by it other intangible assets of the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred Subsidiaries other than non-exclusive licenses in the ordinary course of business; (xih) any sale, assignment resignation or transfer termination of employment of any Intellectual Property officer of the Company or other intangible assetsany of its Subsidiaries; and the Company does not know of the impending resignation or termination of employment of any such officer; (xiii) to the actual knowledge of any director or executive officer of the Company, receipt of notice that there has been a loss of, or order cancellation by, any major customer of the Company or any of its Subsidiaries; (j) any change in any material agreement to which it loans made by the Company or any of its Subsidiaries is a party to or by which either it for the benefit of its employees, officers or directors, or any members of its Subsidiaries is bound which, either their immediate families in excess of $250,000 individually or in the aggregate, has hadother than travel advances and other advances made in the ordinary course of its business, or could reasonably be expected any guarantees made by the Company or any of its subsidiaries to have, individually or for the benefit of any of the foregoing persons other than in the aggregate, a Material Adverse Effectordinary course; (xiiik) any declaration, setting aside or payment or other distribution in respect of any of the Company's capital stock, or any direct redemption, purchase or other acquisition of any of such stock by the Company or any of its Subsidiaries; (l) any other event or condition of any character that, either individually or in that the aggregate, has had, or could Company believes would reasonably be expected to have, individually or in the aggregate, cause a Material Adverse Effect; or (xivm) any arrangement agreement or commitment by it the Company or any of its Subsidiaries to do any of the acts things described in subsection (i) through (xiii) of this Section 12(h)2.19.

Appears in 2 contracts

Samples: Series B Preferred Stock Purchase Agreement (24/7 Media Inc), Series B Preferred Stock Purchase Agreement (Elbit LTD)

Changes. Since Except as described in the Balance Sheet DateSEC Filings, except as disclosed in since March 31, 2011, there has not been any Exchange Act Filing event or in condition of any Schedule type that has had or would reasonably be likely to this Agreement have a material adverse effect on the business, financial condition or to any results of operations of the Ancillary AgreementsCompany and its subsidiaries, taken together as a whole. Except as described in the SEC Filings, since March 31, 2011, the respective businesses of the Company and each of its subsidiaries has been operated in the ordinary course consistent with past practices, and there has not been: (ia) any amendment or change to the Company’s certificate of incorporation or bylaws; (b) any material change in its the assets, liabilities, financial condition or operating results of the Company or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or subsidiaries from that reflected in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material changeSEC Filings, except for changes in the ordinary course of businessbusiness consistent with past practices; (c) any declaration or payment of any dividend, in its or any authorization or payment of any distribution, on any of the capital stock of the Company or any of its Subsidiaries’ contingent obligations subsidiaries (other than dividends by way any wholly-owned subsidiary of guarantythe Company to the Company or to another wholly-owned subsidiary of the Company), endorsement, indemnity, warranty or otherwiseany redemption or repurchase of any securities of the Company (other than in connection with the exercise of compensatory stock options); (ivd) any material damage, destruction or loss, whether or not covered by insurance, which has had, to any material assets or could reasonably be expected to have, individually properties of the Company or in the aggregate, a Material Adverse Effectany of its subsidiaries; (ve) any waiver by it the Company or any of its Subsidiaries subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct sale, assignment, exclusive license or indirect material loans made transfer by it the Company or any of its Subsidiaries to any subsidiaries of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in assets including any compensation arrangement or agreement with any employeematerial patents, officertrademarks, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debtcopyrights, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property trade secrets or other intangible assets; (xiig) any change in imposition of any material agreement to which it lien, claim, or encumbrance on any of the assets of the Company or any of its Subsidiaries is subsidiaries; (h) any receipt of notice that there has been a party loss of, or by which either it material order cancellation by, any major customer of the Company or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effectsubsidiaries; or (xivi) any arrangement agreement or commitment by it or any of its Subsidiaries the Company to do any of the acts things described in subsection (i) through (xiii) of this Section 12(h)3.9.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Enterprise Networks Holdings, Inc.), Common Stock Purchase Agreement (inContact, Inc.)

Changes. Since the Balance Sheet DateJune 30, 2004, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company, which, individually or in the aggregate, has had, had or could reasonably be expected to have, a Material Adverse Effect; (iib) any resignation or termination of any of its or its Subsidiaries’ officersofficer, key employee or group of employees or groups of employeesthe Company; (iiic) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ the contingent obligations of the Company by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it or any of its Subsidiaries the Company of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it or any of its Subsidiaries the Company to any stockholder, employee, officer or director of its or any of its Subsidiaries’ stockholders, employees, officers or directorsthe Company, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder that could reasonably be expected to have a Material Adverse Effect; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assetsthe Company; (ixi) to the best of the Company's knowledge, any labor organization activity related to it or any of its Subsidiariesthe Company; (xj) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesthe Company, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assets;. (xiil) any change in any material agreement to which it or any of its Subsidiaries the Company is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it or any of its Subsidiaries the Company to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (It&e International Group), Securities Purchase Agreement (It&e International Group)

Changes. Since the Balance Sheet DateDecember 31, 2003, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of Company or any of its Subsidiaries, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any officer, key employee or group of employees of Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its the contingent obligations of Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it Company or any of its Subsidiaries to any stockholder, employee, officer or director of its Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its the assets of Company or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it Company or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assets; (xii) any change in any material agreement to which it Company or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it Company or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 2 contracts

Samples: Security Agreement (Conversion Services International Inc), Security Agreement (Hesperia Holding Inc)

Changes. Since the Balance Sheet DateJune 30, 2004, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of Company or any of its Subsidiaries, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any officer, key employee or group of employees of Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its the contingent obligations of Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it Company or any of its Subsidiaries to any stockholder, employee, officer or director of its Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its the assets of Company or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it Company or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assets; (xii) any change in any material agreement to which it Company or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it Company or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 2 contracts

Samples: Security Agreement (Catalyst Lighting Group Inc), Security Agreement (Return on Investment Corp)

Changes. Since the Balance Sheet DateMay 31, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, 2009 there has not been: (ia) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, Any event that has had, had or could reasonably be expected to haveadversely affect the financial condition, a Material Adverse Effectbusiness, results of operations or prospects of the Company or any of its Subsidiaries in any material manner; (iib) any Any resignation or termination of any of its or its Subsidiaries’ officersexecutive officer, key employee or group of employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivc) any Any damage, destruction or loss, whether or not covered by insurance, which has had, with respect to the properties and assets of the Company or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effectany of its Subsidiaries; (vd) any Any waiver or compromise by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to itthem; (vie) any direct or indirect material Any loans made by it the Company or any of its Subsidiaries to any stockholder, employee, executive officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viif) any Any material change in any compensation arrangement or agreement with any employee, executive officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiig) any Any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xh) Any labor organization activity related to the Company or any debt, obligation or liability of its Subsidiaries; (i) Any debt incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xij) any Any sale, mortgage, pledge, transfer, lease or other assignment or transfer of any Intellectual Property (as defined below) owned by the Company or other intangible assetsany of its Subsidiaries; (xiik) any Any material change in any material agreement to which it Material Contract; (l) Any sale, mortgage, pledge, transfer, lease or other assignment of any of the tangible assets of the Company or any of its Subsidiaries is a party or outside of the ordinary course of business; (m) Any capital expenditure by which either it the Company or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition excess of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect$10,000; or (xivn) any Any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Secured Convertible Note and Warrant Purchase Agreement, Secured Convertible Note and Warrant Purchase Agreement (BioAmber Inc.)

Changes. Since the Balance Sheet DateJune 30, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, 2009 there has not been: (ia) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, Any event that has had, had or could reasonably be expected to haveadversely affect the financial condition, a Material Adverse Effectbusiness, results of operations or prospects of the Company or any of its Subsidiaries in any material manner; (iib) any Any resignation or termination of any of its or its Subsidiaries’ officersexecutive officer, key employee or group of employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivc) any Any damage, destruction or loss, whether or not covered by insurance, which has had, with respect to the properties and assets of the Company or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effectany of its Subsidiaries; (vd) any Any waiver or compromise by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to itthem; (vie) any direct or indirect material Any loans made by it the Company or any of its Subsidiaries to any stockholder, employee, executive officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viif) any Any material change in any compensation arrangement or agreement with any employee, executive officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiig) any Any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xh) Any labor organization activity related to the Company or any debt, obligation or liability of its Subsidiaries; (i) Any debt incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xij) any Any sale, mortgage, pledge, transfer, lease or other assignment or transfer of any Intellectual Property (as defined below) owned by the Company or other intangible assetsany of its Subsidiaries; (xiik) any Any material change in any material agreement to which it Material Contract; (l) Any sale, mortgage, pledge, transfer, lease or other assignment of any of the tangible assets of the Company or any of its Subsidiaries is a party or outside of the ordinary course of business; (m) Any capital expenditure by which either it the Company or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition excess of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect$10,000; or (xivn) any Any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Stock Purchase Agreement (BioAmber Inc.), Stock Purchase Agreement (BioAmber Inc.)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any key officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property material patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Applied Digital Solutions Inc), Securities Purchase Agreement (Applied Digital Solutions Inc)

Changes. Since the Balance Sheet DateDecember 31, 2004, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in prospects of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it or any of its Subsidiaries the Company is a party or by which either it or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above as limited therein.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Synergy Brands Inc), Securities Purchase Agreement (Synergy Brands Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (ia) any change in its or any of its Subsidiaries' business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (iib) any resignation or termination of any of its or its Subsidiaries' officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its or any of its Subsidiaries' contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries' stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viiih) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries' assets; (ixi) any labor organization activity related to it or any of its Subsidiaries; (xj) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xiil) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 2 contracts

Samples: Security Agreement (RG America, Inc.), Security Agreement (RG America, Inc.)

Changes. Except as set forth in Appendix H, Since September 30, 2020, the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any operations and business of the Ancillary Agreements, there has not been: (i) any change Borrower have been conducted in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except all respects only in the ordinary course of business, the Borrower has not entered into any transaction which was not in its or any the ordinary course of its Subsidiaries’ contingent obligations by way business and there has not been: (i) any material change in the assets, liabilities, financial condition or operating results of guaranty, endorsement, indemnity, warranty or otherwise; the Borrower; (ivii) any damage, destruction or loss, whether or not covered by insurance, which has hadto any of the material assets, properties, financial condition, operating results, prospects or could reasonably business of the Borrower (as such business is presently conducted and as it is proposed to be expected to have, individually or in the aggregate, a Material Adverse Effect; conducted); (viii) any waiver or compromise by it or any of its Subsidiaries the Borrower of a valuable right or of a material debt owed to it; ; (viiv) any direct satisfaction or indirect discharge of any lien, claim or encumbrance or payment of any obligation by the Borrower; (v) any change or amendment to a material loans made contract or arrangement by it which the Borrower or any of its Subsidiaries to any of its assets or any of its Subsidiaries’ stockholders, employees, officers properties are bound or directors, other than advances made in the ordinary course of business; subject; (viivi) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; shareholder of the Borrower; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xivii) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assets of the Borrower; (viii) any resignation or termination of employment of any officer or key employee of the Borrower; (ix) any receipt of written notice that there has been a loss of, or material order cancellation by, any major customer of the Borrower; (x) any mortgage, pledge, transfer of a Security Interest in, or lien, created by the Borrower, with respect to any of its material properties or assets; , except liens for taxes not yet due or payable; (xi) any loans or guarantees made by the Borrower to or for the benefit of its employees, officers or directors, or any members of their immediate families, other than travel advances and other advances made in the ordinary course of its business; (xii) any change declaration, setting aside or payment or other distribution in respect of any material agreement to which it of the Borrower’s share capital, or any direct or indirect redemption, purchase or other acquisition of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; such share capital; (xiii) any other event or condition of any character thatthat might to the Borrower’s knowledge, either individually materially and adversely affect the assets, properties, financial condition, operating results or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any business of the acts described in subsection (i) through (xiii) of this Section 12(h)Borrower, as such business is presently conducted and as it is proposed to be conducted.

Appears in 2 contracts

Samples: Loan Financing Agreement (Ivy Jerry Lafe JR), Loan Financing Agreement (On Track Innovations LTD)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries, except for the new employment agreement with Xxxx Xxxxxxxx, the Company’s CEO and President, a copy of which has been provided to the Purchaser; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Petrol Oil & Gas Inc), Securities Purchase Agreement (Petrol Oil & Gas Inc)

Changes. Since the Balance Sheet Date, except Except as disclosed set forth in any Exchange Act Filing or in any Schedule to this Agreement or to any Section 2.18 of the Ancillary AgreementsDisclosure Schedule, since March 31, 2010, there has not been: (ia) any change in its or any of its Subsidiaries’ business, the assets, liabilities, condition (financial condition, prospects or otherwise), properties, operations of the Company or prospects, which, individually or the Subsidiaries from that reflected in the aggregateFinancial Statements, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except other than changes in the ordinary course of business, none of which individually or in its the aggregate has had or any is reasonably expected to have a material adverse effect on such assets, liabilities, financial condition, prospects or operations of its the Company or the Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivb) any damage, destruction or loss, whether or not covered by insurance, which has hadmaterially adversely affecting the business, properties, operations, financial condition, or, to the Company’s actual knowledge, prospects of the Company or could reasonably be expected to have, individually or in the aggregate, a Material Adverse EffectSubsidiaries; (vc) any waiver or compromise by it the Company or any of its the Subsidiaries of a valuable right or of a material debt owed to itthe Company or the Subsidiaries, respectively; (vid) any direct satisfaction or indirect discharge of any material loans made lien, claim, or encumbrance or payment of any obligation by it the Company or any of its Subsidiaries to any of its or any of its the Subsidiaries’ stockholders, employees, officers or directors, other than advances made except in the ordinary course of business; (viie) any sale, assignment, exclusive license or transfer of Intellectual Property or other assets; (f) any resignation or termination of employment of any key officer of the Company or the Subsidiaries, and the Company is not aware of any impending resignation or termination of employment of any such key officer; (g) receipt of notice that there has been a loss of, or material order cancellation by, any major customer of the Company or the Subsidiaries; (h) any mortgage, pledge, transfer of a security interest in, or lien, created by the Company or the Subsidiaries, with respect to any of its material properties or assets, except liens for taxes not yet due or payable; (i) 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 of such stock by the Company or the Subsidiaries; (j) any change in any material agreement to which the Company or the Subsidiaries is a party or by which the Company or the Subsidiaries is bound that materially and adversely affects the business, assets, liabilities, financial condition, operations or prospects of the Company or the Subsidiaries; (k) any other event or condition of any character that, either individually or cumulatively, has materially and adversely affected the business, assets, liabilities, financial condition, prospects or operations of the Company or the Subsidiaries; (l) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration stockholder of the Company or payment of any dividend or other distribution of its or any of its the Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivm) any arrangement agreement or commitment by it the Company or any of its the Subsidiaries to do any of the acts things described in subsection (i) through (xiii) of this Section 12(h)2.18.

Appears in 2 contracts

Samples: Series D Preferred Stock Purchase Agreement, Series D Preferred Stock Purchase Agreement (Amyris, Inc.)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any 5% or greater stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder5% or greater stockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Biodelivery Sciences International Inc), Securities Purchase Agreement (Biodelivery Sciences International Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule 12(h) to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholdersshareholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholdershareholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 1 contract

Samples: Security Agreement (Digital Recorders Inc)

Changes. Since the Balance Sheet DateDecember 31, 2003, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any Any change in its or any of its Subsidiaries’ business, the assets, liabilities, condition (financial condition, prospects or otherwise)operations of the Company, propertiesother than changes in the ordinary course of business, operations or prospects, which, none of which individually or in the aggregate, aggregate has had, had or could reasonably be expected to have, have a Material Adverse Effect; (iib) any Any resignation or termination of any of its or its Subsidiaries’ officersofficer, key employee or group of employees or groups of employeesthe Company; (iiic) any Any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ the contingent obligations of the Company by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any Any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; (ve) any Any waiver by it or any of its Subsidiaries the Company of a valuable right or of a material debt owed to it; (vif) any Any direct or indirect material loans made by it or any of its Subsidiaries the Company to any stockholder, employee, officer or director of its or any of its Subsidiaries’ stockholders, employees, officers or directorsthe Company, other than advances made in the ordinary course of business; (viig) any Any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viiih) any Any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assetsthe Company; (ixi) any Any labor organization activity related to it or any of its Subsidiariesthe Company; (xj) any Any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesthe Company, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any Any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assets; (xiil) any Any change in any material agreement to which it or any of its Subsidiaries the Company is a party or by which either it or any of its Subsidiaries is bound whichwhich may materially and adversely affect the business, either individually assets, liabilities, financial condition, operations or in prospects of the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse EffectCompany; (xiiim) any Any other event or condition of any character that, either individually or in the aggregatecumulatively, has had, or could reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; or (xivn) any Any arrangement or commitment by it or any of its Subsidiaries the Company to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Penthouse International Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) : any change in its or any of its Subsidiaries' business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) ; any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; employees of it or any of its Subsidiaries (iii) that is not an Inactive Subsidiary); any material change, except in the ordinary course of business, in its or any of its Subsidiaries' contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) ; any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) ; any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) ; any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries' stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) ; any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) ; any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries' assets; (ix) ; any labor organization activity related to it or any of its Subsidiaries; (x) ; any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) ; any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) ; any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) ; any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) or any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 1 contract

Samples: Security Agreement (American Mold Guard Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Parent or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Parent or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Parent or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Parent or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Parent or any of its Subsidiaries to any stockholder, employee, officer or director of its the Parent or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Parent or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Parent or any of its Subsidiaries; (xi) any labor organization activity related to the Parent or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Parent or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Parent or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Parent or any of its Subsidiaries is a party or by which either it the Parent or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Parent or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Accentia Biopharmaceuticals Inc)

Changes. Since Except as reflected in the Balance Sheet DateFinancial Statements provided to Parent, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any since the end of the Ancillary Agreementslatest completed fiscal year of the Company, there has not been: (ia) any Any change in its the assets, liabilities, financial condition or operating results of the Company or any of its Subsidiaries’ businessSubsidiaries from that reflected in the Financial Statements, assetsother than changes in the ordinary course of business consistent with past practice, liabilities, condition (financial or otherwise), properties, operations or prospects, which, none of which individually or in the aggregate, aggregate has had, had or could reasonably be expected to have, have a Material Adverse Effect; (iib) any Any resignation or termination of any key officers or employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any Any material change, except in the ordinary course of businessbusiness consistent with past practice, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any Any damage, destruction or loss, whether or not covered by insurance, which has had, had or could reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; (ve) any Any waiver by it the Company or any of its Subsidiaries of a valuable material right or of a material debt owed to it; (vif) any Any direct or indirect material loans made by it or any of its Subsidiaries the Company to any stockholder, employee, officer or director of its the Company, or a Subsidiary of the Company to any stockholder, employee, officer or director of its Subsidiaries’ stockholders, employees, officers or directorssuch Subsidiary, other than advances made in the ordinary course of businessbusiness consistent with past practice; (viig) any Any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries, other than in the ordinary course of business consistent with past practices; (viiih) any Any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any debtAny labor organization activity; (j) Any Indebtedness, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of businessbusiness consistent with past practice; (xik) any Any sale, assignment assignment, transfer or transfer license of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets of the Company or any of its Subsidiaries, except for (i) licenses to use such Intellectual Property granted in connection with the commercial use of the Company’s products by end-users (but which do not grant rights to manufacture, sell or distribute products using such Intellectual Property to such persons), (ii) rights to manufacture products using such Intellectual Property granted to contract manufacturing partners pursuant to agreements that are terminable upon no more than ninety (90) days’ notice without penalty and do not grant the other party the right to market, distribute or sell products including such Intellectual Property and (iii) non-commercial site licenses granted to clinical investigators who are evaluating the Company products in clinical trials, which licenses terminate at the conclusion of such trials; (xiil) any Any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually which has had or in the aggregate, has had, or could should reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect;; or (xiiim) any Any other event or condition of any character that, either individually or in the aggregatecumulatively, has had, had or could reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 1 contract

Samples: Merger Agreement (REVA Medical, Inc.)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Domestic Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Domestic Subsidiaries to any of its or any of its Domestic Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Domestic Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Domestic Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment assignment, transfer, abandonment or transfer other disposition of any Intellectual Property or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 1 contract

Samples: Security Agreement (NewMarket Technology Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries' business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, ' principal officers or key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries' contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries' stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries' assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 1 contract

Samples: Security Agreement (Gse Systems Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).. Security Agreement

Appears in 1 contract

Samples: Security Agreement (Chad Therapeutics Inc)

Changes. Since the Balance Sheet Date, WEI Statement Date and except as disclosed set forth in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Netword Agreements, there has not beenbeen to WEI's, VDPI's, VDSI's or Exchangers' knowledge: (ia) any Any change in its or any of its Subsidiaries’ business, the assets, liabilities, condition (financial condition, prospects or otherwise)operations of WEI, propertiesVDPI or VDSI from that reflected in the WEI Financial Statements, operations or prospectsother than changes in the ordinary course of business, which, none of which individually or in the aggregate, aggregate has had, had or could is reasonably be expected to havehave a material adverse effect on such assets, a Material Adverse Effectliabilities, financial condition, prospects or operations of WEI, VDPI or VDSI; (iib) any Any resignation or termination of any of its or its Subsidiaries’ officersofficer, key employee or group of employees of WEI, VDPI or groups VDSI; and WEI, VDPI, VDSI, WEI and Exchangers, to the best of their knowledge, do not know of the impending resignation or termination of employment of any such officer, key employee or group of employees; (iiic) any Any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ the contingent obligations of WEI, VDPI or VDSI by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any Any damage, destruction or loss, whether or not covered by insurance, which has hadmaterially and adversely affecting the properties, business or could reasonably be expected to haveprospects or financial condition of WEI, individually VDPI or in the aggregate, a Material Adverse EffectVDSI; (ve) any Any waiver by it WEI, VDPI or any of its Subsidiaries VDSI of a valuable right or of a material debt owed to it; (vif) any Any direct or indirect material loans made by it WEI, VDPI or any of its Subsidiaries VDSI to any stockholder, employee, officer or director of its WEI, VDPI or any of its Subsidiaries’ stockholders, employees, officers or directorsVDSI, other than advances made in the ordinary course of business; (viig) any Any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viiih) any Any declaration or payment of any dividend or other distribution of its the assets of WEI, VDPI or any of its Subsidiaries’ assetsVDSI; (ixi) any Any labor organization activity related to it WEI, VDPI or any of its SubsidiariesVDSI; (xj) any Any debt, obligation or liability incurred, assumed or guaranteed by it WEI, VDPI or any of its SubsidiariesVDSI, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any Any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets of WEI, VDPI or VDSI; (xiil) any Any change in any material agreement to which it WEI, VDPI or any of its Subsidiaries VDSI is a party or by which either it or any of its Subsidiaries is bound whichwhich materially and adversely affects the business, either individually assets, liabilities, financial condition, operations or in the aggregateprospects of WEI, has had, VDPI or could reasonably be expected to have, individually or in the aggregate, a Material Adverse EffectVDSI; (xiiim) any Any other event or condition of any character that, either individually or in the aggregatecumulatively, has hadmaterially and adversely affected the business, assets, liabilities, financial condition, prospects or could reasonably be expected to haveoperations of WEI, individually VDPI or in the aggregate, a Material Adverse EffectVDSI; or (xivn) any Any arrangement or commitment by it WEI, VDPI or any of its Subsidiaries VDSI to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Share Exchange Agreement (College Partnership Inc)

Changes. Since the Balance Sheet DateJune 30, 2004 , except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in prospects of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its the assets of the Company or any of its Subsidiaries’ assets, other than dividends paid to the holders of the Company’s Series C Preferred Stock; (ixi) any labor organization activity related to it the Company or any of its Subsidiaries; (xj) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bio Key International Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement (including Schedule 12(h)) or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 1 contract

Samples: Security and Purchase Agreement (Miscor Group, Ltd.)

Changes. Since Except as reflected in the Balance Sheet Date, except Financial Statements or as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any set forth on Section 3.9 of the Ancillary AgreementsCompany Disclosure Schedule, since January 31, 2007, there has not been: (ia) any Any change in its the assets, liabilities, financial condition or operations of the Company or any of its Subsidiaries’ businessSubsidiaries from that reflected in the Financial Statements, assetsother than changes in the ordinary course of business consistent with past practice, liabilities, condition (financial or otherwise), properties, operations or prospects, which, none of which individually or in the aggregate, aggregate has had, had or could reasonably be expected to have, have a Material Adverse EffectEffect on the Company; (iib) any Any resignation or termination of any key officers or key employees of the Company or any of its Subsidiaries; and to the Knowledge of the Company, there is no impending resignation or its Subsidiaries’ officers, termination of employment of any such key employees officer or groups of employeeskey employee; (iiic) any Any material change, except in the ordinary course of businessbusiness consistent with past practice, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any Any damage, destruction or loss, whether or not covered by insurance, which has had, had or could reasonably be expected to have, individually or in the aggregate, have a Material Adverse EffectEffect on the Company; (ve) any Any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to itit in excess of $10,000; (vif) any direct or indirect material Any loans made by it or any of its Subsidiaries the Company to any stockholder, employee, officer or director of its the Company, or a Subsidiary of the Company to any stockholder, employee, officer or director of its Subsidiaries’ stockholders, employees, officers or directorssuch Subsidiary, other than advances made in the ordinary course of businessbusiness consistent with past practice; (viig) any Any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries other than in the ordinary course of business consistent with past practice; (viiih) any Any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any debtAny labor organization activity at the Company; (j) Any Indebtedness, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of businessbusiness consistent with past practice; (xik) any Any sale, assignment assignment, transfer or transfer license of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets of the Company or any of its Subsidiaries other than (A) pursuant to non-disclosure agreements entered into in the ordinary course of business and (B) licenses to use such Intellectual Property granted in connection with the transfer of Products for their intended use (but do not grant rights to manufacture, sell or distribute such Products using such Intellectual Property to such persons); (xiil) any Any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, which has had, had or could reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect;Effect on the Company; or (xiiim) any Any other event or condition of any character that, either individually or in the aggregatecumulatively, has had, had or could reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of Effect on the acts described in subsection (i) through (xiii) of this Section 12(h)Company.

Appears in 1 contract

Samples: Merger Agreement (Cytyc Corp)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any date of the Ancillary AgreementsFinancial Statements, there has not been: (i) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has hadmaterially and adversely affecting the business, properties, prospects, or could reasonably be expected to have, individually financial condition of the Company or in the aggregate, a Material Adverse Effectits Subsidiaries; (vii) any waiver or compromise by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viiiii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration holder of capital stock of the Company or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xiiv) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assets by the Company or its or its Subsidiaries; (v) any removal of any auditor or director or termination of any officer or other senior employee of the Company or its Subsidiaries; (vi) any extraordinary loss, whether or not covered by insurance, suffered by the Company or its Subsidiaries; (vii) any material shortage or any cessation or interruption in the shipment of any inventory, supplies or equipment used by the Company or its Subsidiaries; (viii) any resignation or termination of employment of any officer or key employee of the Company or its Subsidiaries that has not been disclosed in the Public Disclosure Documents; and the Company is not aware of any impending resignation or termination of employment of any officer or key employee of the Company or its Subsidiaries; (ix) any mortgage, pledge, transfer of a security interest in, or Lien, created by the Company or its Subsidiaries, with respect to any of its material properties or assets, except liens for taxes not yet due or payable, liens that arise in the ordinary course of business and do not materially impair the Company or its or its Subsidiaries ownership or use of such property or assets, or as disclosed in the Public Disclosure Documents; (x) any loans or guarantees made by the Company or its Subsidiaries to or for the benefit of an employee, officer or director, or any member of their immediate families; (xi) 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 of such stock by the Company; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound whichthe Company’s knowledge, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character thatcharacter, either individually other than events affecting the economy or in the aggregateCompany’s industry generally, has had, or that could reasonably be expected to have, individually or result in the aggregate, a Material Adverse Effect; or (xivxiii) any arrangement or commitment by it or any of its Subsidiaries the Company to do any of the acts things described in subsection (i) through (xiii) of this Section 12(h7.(s).

Appears in 1 contract

Samples: Underwriting Agreement

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its the assets of the Company or any of its Subsidiaries’ assetsSubsidiaries ; (ixi) any labor organization activity related to it the Company or any of its Subsidiaries; (xj) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries ; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Implant Sciences Corp)

Changes. Since the Balance Sheet Date, except Except as disclosed set forth in any Exchange Act Filing or in any Schedule to this Agreement or to any 2.15 of the Ancillary AgreementsSchedule of Exceptions, since December 31, 1998, there has not been: (ia) any change in its the assets, liabilities, financial condition or operating results of the Company or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or Subsidiaries from that reflected in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material changeFinancial Statements, except changes in the ordinary course of businessbusiness that have not been, in its or any of its Subsidiaries’ contingent obligations by way of guarantythe aggregate, endorsement, indemnity, warranty or otherwisematerially adverse; (ivb) any damage, destruction or loss, whether or not covered by insurance, which has hadmaterially and adversely affecting the assets, properties, financial condition, operating results or could reasonably be expected to have, individually business of the Company or in the aggregate, a Material Adverse Effectany of its Subsidiaries; (vc) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vid) any direct satisfaction or indirect discharge of any lien, claim or encumbrance or payment of any obligation by the Company or any of its Subsidiaries, except in the ordinary course of business and that is not material loans made to the assets, properties, financial condition, operating results or business of the Company or any of its Subsidiaries; (e) any material change or amendment to a material contract or arrangement by it which the Company or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers their respective assets or directors, other than advances made in the ordinary course of businessproperties is bound or subject; (viif) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment employee of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xg) any debtchange or amendment to the respective certificates of incorporation, obligation bylaws or liability incurred, assumed or guaranteed by it similar organizational documents of the Company or any of its Subsidiaries; (h) any incurrence of liability (absolute or contingent) for borrowed money that would be required to be disclosed on a balance sheet as of the date hereof prepared in accordance with generally accepted accounting principles, except those for immaterial amounts and for current liabilities incurred incurred, and liabilities under contracts entered into, in the ordinary course of business; (xii) any salegrant of a security interest, assignment mortgage, pledge, or transfer other lien on any of its assets, tangible or intangible, other than liens of current real property taxes not yet due and payable; (j) any disposition of any material assets or properties, including, without limitation, Intellectual Property or other intangible assetsProprietary Information; (xiik) any change in any material agreement to which it receipt of notification of cancellation, or any cancellation or waiver of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound rights which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effectare material with respect to any currently existing agreement, contract right or understanding; (xiiil) any other event agreement or condition of any character that, either individually or transaction except in the aggregateordinary course of business; (m) any issuance of capital stock, has had, bonds or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effectother corporate securities; or (xivn) any arrangement agreement or commitment by it the Company or any of its Subsidiaries to do any of the acts things described in subsection (i) through (xiii) of this Section 12(h)2.15.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Softnet Systems Inc)

Changes. Since the Balance Sheet DateDecember 31, 2004, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in prospects of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any waiver by it resignation or termination of any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director key employee or stockholder; (viii) any declaration or payment group of any dividend or other distribution employees of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xc) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesmaterial change, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer in the contingent obligations of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it the Company or any of its Subsidiaries is a party by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by which either it or any of its Subsidiaries is bound which, either individually or in the aggregateinsurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiie) any waiver by the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (f) any direct or indirect loans made by the Company or any of its Subsidiaries to any stockholder, employee, officer or director of the Company or any of its Subsidiaries, other than advances made in the ordinary course of business; (g) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder of the Company or any of its Subsidiaries; (h) any declaration or payment of any dividend or other distribution of the assets of the Company or any of its Subsidiaries; (i) any labor organization activity related to the Company or any of its Subsidiaries; (j) any sale, assignment or transfer of any patents, trademarks, copyrights, trade secrets or other intangible assets owned by the Company or any of its Subsidiaries; (k) any change in any material agreement to which the Company or any of its Subsidiaries is a party or by which either the Company or any of its Subsidiaries is bound which either individually or in the aggregate has had, or could reasonably be expected to have, a Material Adverse Effect; (l) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivm) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiil) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Coach Industries Group Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor labour organization activity related to it or any of its Subsidiariesit; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesit, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h18(h).

Appears in 1 contract

Samples: Security and Purchase Agreement (Reliant Home Warranty Corp)

Changes. Since Except as set forth in Schedule 12(h), since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries' business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries' officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries' contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries' stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries' assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 1 contract

Samples: Security Agreement (Deja Foods Inc)

Changes. Since the Balance Sheet DateDecember 31, 2004, except as disclosed in any Exchange Act Filing Filing, on Schedule 4.8 or in any other Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, properties or operations or prospects, which, individually or in of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment assignment, hypothecation or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Omni Energy Services Corp)

Changes. Since Except as expressly contemplated by the Balance Sheet Date, except Transaction Documents or as disclosed set forth in any Exchange Act Filing or in any Schedule to this Agreement or to any Section 3.26 of the Ancillary AgreementsDisclosure Schedule, since December 31, 2002, there has not been: (ia) any change in its or any of its Subsidiaries’ business, the assets, liabilities, financial condition (financial or otherwise), properties, operations or prospects, which, individually or operating results of the Company and the Subsidiaries from that reflected in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material changeFinancial Statements, except changes in the ordinary course of businessbusiness that have not created, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;, (vb) any intentional waiver by it or cancellation of any material right of the Company or any Subsidiary, or the cancellation of its Subsidiaries of a valuable right or of a any material debt owed to it;or claim held by the Company or any Subsidiary, (vic) any direct payment, discharge or indirect satisfaction of any material loans made by it claim, liability or obligation of the Company or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, Subsidiary other than advances made in the ordinary course of business;, (viid) any material change in Lien (other than Permitted Liens) upon the assets of the Company or any compensation arrangement or agreement with any employee, officer, director or stockholder;Subsidiary that would be prohibited by the terms of the Amended Charter if it were to arise after the Closing Date, (viiie) any declaration or payment of any dividend dividends on, or other distribution of its with respect to, or any direct or indirect redemption or acquisition of, any securities of its Subsidiaries’ assets;the Company or any Subsidiary, (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xif) any sale, assignment or transfer of any Intellectual Property material, tangible or intangible assets of the Company or any Subsidiary except in the ordinary course of business, (g) any loan by the Company or any Subsidiary to any officer, director, employee, consultant or stockholder of the Company or any Subsidiary (other than advances to such persons in the case of travel, entertainment or other intangible assets;similar advances in the ordinary course of business), (xiih) any material increase, direct or indirect, in the compensation paid or payable to any officer or director of the Company or any Subsidiary or, other than in the ordinary course of business, to any other employee, consultant or agent of the Company or any Subsidiary, (i) any material change in the accounting methods, practices or policies of the Company or any Subsidiary, (j) any indebtedness incurred for borrowed money by the Company or any Subsidiary other than in the ordinary course of business, (k) any material agreement to which it adverse change in the manner of business or operations of the Company or any Subsidiary (including, without limitation, any accelerations or deferral of its Subsidiaries is a party the payment of any material accounts payable or other current, material liabilities or deferral of the collection of any material accounts or notes receivable), (l) any capital expenditures or commitments therefor by which either it the Company or any Subsidiary that aggregate in excess of its Subsidiaries is bound which, either individually or $100,000 for any twelve-month period, (m) other than as disclosed in the aggregatecapitalization table attached to this Agreement, has hadany issuance of any stock, bonds or could reasonably be expected to have, individually other securities of the Company or in the aggregate, a Material Adverse Effect;any Subsidiary, (xiiin) any amendment to the Amended Charter, Bylaws or other event organizational documents of the Company or condition any amendment of the organizational or formation documents of any character thatSubsidiary, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivo) any arrangement agreement or commitment (contingent or otherwise) by it the Company or any of its Subsidiaries Subsidiary to do any of the acts described in subsection (i) through (xiii) of this Section 12(h)foregoing.

Appears in 1 contract

Samples: Subordinated Note and Series a Convertible Preferred Stock Purchase Agreement (Analex Corp)

Changes. Since the Buyer Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ business, the assets, liabilitiesLiabilities, financial condition (financial or otherwise), properties, operations or prospects, which, individually or operating results of the Buyer from that reflected in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material changeBuyer Financial Statements, except changes in the ordinary course of businessbusiness that have not been, in its or any of its Subsidiaries’ contingent obligations by way of guarantythe aggregate, endorsement, indemnity, warranty or otherwisematerially adverse; (ivb) any damage, destruction or loss, whether or not covered by insurance, which has hadmaterially and adversely affecting the business, properties, prospects, or could reasonably be expected to have, individually or in financial condition of the aggregate, a Material Adverse EffectBuyer; (vc) any waiver or compromise by it or any of its Subsidiaries the Buyer of a valuable right or of a material debt owed to it; (vid) any direct satisfaction or indirect material loans made discharge of any Lien or payment of any obligation by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholdersthe Buyer, employees, officers or directors, other than advances made except in the ordinary course of businessbusiness and the satisfaction or discharge of which would not have a Material Adverse Effect; (viie) any material change to a material Contract or agreement by which the Buyer or any of its assets is bound or subject; (f) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xig) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assets; (xiih) any change in resignation or termination of employment of any material agreement officer or key employee of the Buyer; and the Buyer is not aware of any impending resignation or termination of employment of any such officer or key employee; (i) any Lien, created by the Buyer, with respect to which it or any of its Subsidiaries is a party material properties or by which either it assets, except Liens for Taxes not yet due or any of its Subsidiaries is bound which, either individually or payable and Liens that arise in the aggregate, has had, ordinary course of business and do not materially impair the Buyer’s ownership or could reasonably be expected to have, individually use of such property or in the aggregate, a Material Adverse Effectassets; (xiiij) any loans or guarantees made by the Buyer to or for the benefit of its employees, officers or directors, or any members of their immediate families, other than travel advances and other advances made in the ordinary course of its business; (k) any declaration, setting aside or payment or other distribution in respect to any of the Buyer’s capital stock, or any direct or indirect redemption, purchase, or other acquisition of any of such stock by the Buyer; (l) to the Buyer’s knowledge, any other event or condition of any character thatcharacter, either individually other than events affecting the economy or in the aggregateBuyer’s industry generally, has had, or that could reasonably be expected to have, individually or result in the aggregate, a Material Adverse Effect; or (xivm) any arrangement or commitment by it or any of its Subsidiaries the Buyer to do any of the acts things described in subsection (i) through (xiii) of this Section 12(h)4.13.

Appears in 1 contract

Samples: Share Purchase Agreement (ReachLocal Inc)

Changes. Since the Balance Sheet DateExcept as described on Schedule 3.9, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreementssince December 31, 2010, there has not been: (ia) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, Any event that has had, had or could reasonably be expected to haveadversely affect the financial condition, a Material Adverse Effectbusiness, results of operations or prospects of the Company or any of its Subsidiaries in any material manner; (iib) any Any resignation or termination of any of its or its Subsidiaries’ officersofficer, key employee or group of employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way , and the Company, to its knowledge, does not know of guaranty, endorsement, indemnity, warranty the impending resignation or otherwisetermination of employment of any such officer or key employee; (ivc) any Any damage, destruction or loss, whether or not covered by insurance, which has hadwith respect or affecting the properties, business, assets or could reasonably be expected to have, individually prospects or in financial condition of the aggregate, a Material Adverse Effector any of its Subsidiaries; (vd) any Any waiver or compromise by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to itthem; (vie) any direct or indirect material Any loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viif) any Any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiig) any Any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xh) Any labor organization activity related to the Company or any debt, obligation or liability of its Subsidiaries; (i) Any debt incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xij) any Any sale, mortgage, pledge, license, transfer, lease or other assignment or transfer of any Intellectual Property (as defined below) owned or licensed by the Company or any of its Subsidiaries, other intangible assetsthan those listed under Schedule 3.11(d); (xiik) any Any material change in any material agreement to which it Material Contract; (l) Any sale, mortgage, pledge, transfer, lease or other assignment of any of the tangible assets of the Company or any of its Subsidiaries is a party or outside of the ordinary course of business; (m) Any capital expenditure by which either it the Company or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effectexcess of $10,000; (xiiin) to the Company’s knowledge, any other event or condition of any character that, either individually or in the aggregate, has had, or could that would reasonably be expected to havematerially and adversely affect the assets, individually properties, financial conditions, operating results or in business of the aggregate, a Material Adverse EffectCompany or its Subsidiaries (as such business is presently conducted and as it is presently proposed to be conducted); or (xivo) any Any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiin) of this Section 12(h)above.

Appears in 1 contract

Samples: Stock Purchase Agreement (BioAmber Inc.)

Changes. Since the Balance Sheet DateExcept as set forth on Schedule 4.19, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreementssince December 31, 1996, there has not been: (ia) any change in its the assets, liabilities, financial condition or operating results of the Company or any of its Subsidiaries’ business, assetsexcept changes in the ordinary course of business that have not had, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivb) any damage, destruction or loss, whether or not covered by insurance, which has hadmaterially and adversely affecting the assets, properties, financial condition, operating results or could reasonably be expected to have, individually business of the Company or in the aggregate, a Material Adverse Effectany of its Subsidiaries; (vc) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to itit outside of the ordinary course of business or that otherwise could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (vid) any direct satisfaction or indirect material loans made discharge of any Lien or payment of any obligation by it the Company or any of its Subsidiaries that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (e) any of its change or amendment to a contract or arrangement by which the Company or any of its Subsidiaries’ stockholdersSubsidiaries or any of their respective assets or properties is bound or subject that could reasonably be expected, employeesindividually or in the aggregate, officers or directors, to have a Material Adverse Effect; (f) other than advances made in the ordinary course of business; (vii) , any material change increase in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment employee of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it Company or any of its Subsidiaries is a party receiving compensation in excess of $50,000 annually; (g) any events or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or circumstances that otherwise could reasonably be expected to haveexpected, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; or (xivh) any arrangement or commitment by it or none of the Company nor any of its Subsidiaries to do any of the acts described in subsection has (i) through declared or paid any dividends, or authorized or made any distribution upon or with respect to any class or series of its capital stock or equity interests, (xiiiii) incurred any indebtedness for money borrowed in excess of this Section 12(h)$100,000, other than bank borrowings in the ordinary course of business, (iii) made any loans or advances to any Person, other than ordinary advances for travel expenses not exceeding $50,000, or (iv) sold, exchanged or otherwise disposed of any of its assets or rights for consideration in excess of $50,000 in any one transaction or series of related transactions.

Appears in 1 contract

Samples: Series a Convertible Preferred Stock Purchase Agreement (Anicom Inc)

Changes. Since the Balance Sheet DateJuly 31, 2004, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (ia) any change in its the Company's or any of its Subsidiaries' business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (iib) any resignation or termination of any of its the Company's or its Subsidiaries' officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the Company's or any of its Subsidiaries' contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company's or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any of its or any of its Subsidiaries' stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viiih) any declaration or payment of any dividend or other distribution of its the Company's or any of its Subsidiaries' assets; (ixi) any labor organization activity related to it the Company or any of its Subsidiaries; (xj) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)12.8.

Appears in 1 contract

Samples: Security and Purchase Agreement (On the Go Healthcare Inc)

Changes. Since the Balance Sheet DateMarch 31, 2005, except as disclosed in on Schedule 4.8 or any Exchange Act Filing or in any other Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, properties or operations or prospects, which, individually or in of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment assignment, hypothecation or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Singing Machine Co Inc)

Changes. Since the Balance Sheet DateOctober 1, 2004, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of Company or any of its Subsidiaries, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any officer, key employee or group of employees of Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its the contingent obligations of Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it Company or any of its Subsidiaries to any stockholder, employee, officer or director of its Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its the assets of Company or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it Company or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assets; (xii) any change in any material agreement to which it Company or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it Company or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 1 contract

Samples: Security and Purchase Agreement (Maxim Mortgage Corp/)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any date of the Ancillary AgreementsFinancial Statements, there has not been: (i) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has hadmaterially and adversely affecting the business, properties, prospects, or could reasonably be expected to have, individually financial condition of the Company or in the aggregate, a Material Adverse Effectits Subsidiaries; (vii) any waiver or compromise by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viiiii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration holder of capital stock of the Company or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xiiv) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assets by the Company or its or its Subsidiaries; (v) any removal of any auditor or director or termination of any officer or other senior employee of the Company or its Subsidiaries; (vi) any extraordinary loss, whether or not covered by insurance, suffered by the Company or its Subsidiaries; (vii) any material shortage or any cessation or interruption in the shipment of any inventory, supplies or equipment used by the Company or its Subsidiaries; (viii) any resignation or termination of employment of any officer or key employee of the Company or its Subsidiaries that has not been disclosed in the Public Disclosure Documents; and the Company is not aware of any impending resignation or termination of employment of any officer or key employee of the Company or its Subsidiaries; (ix) any mortgage, pledge, transfer of a security interest in, or Lien, created by the Company or its Subsidiaries, with respect to any of its material properties or assets, except liens for taxes not yet due or payable and liens that arise in the ordinary course of business and do not materially impair the Company or its or its Subsidiaries ownership or use of such property or assets; (x) any loans or guarantees made by the Company or its Subsidiaries to or for the benefit of an employee, officer or director, or any member of their immediate families; (xi) 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 of such stock by the Company; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound whichthe Company’s knowledge, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character thatcharacter, either individually other than events affecting the economy or in the aggregateCompany’s industry generally, has had, or that could reasonably be expected to have, individually or result in the aggregate, a Material Adverse Effect; or (xivxiii) any arrangement or commitment by it or any of its Subsidiaries the Company to do any of the acts things described in subsection (i) through (xiii) of this Section 12(h7(s).

Appears in 1 contract

Samples: Agency Agreement

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing Filing, Schedule 12(h) hereto or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h).

Appears in 1 contract

Samples: Security Agreement (Verso Technologies Inc)

Changes. Since the Balance Sheet DateJune 30, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements2006, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, whichwhich individually or in the aggregate has had, or would reasonably be expected to have, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable material right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection subsections (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Greens Worldwide Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), propertiesproperties or operations of the Company or any of its Subsidiaries, operations or prospects, which, individually or which in the aggregate, aggregate has had, or could reasonably be expected to havehave in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or lossloss to any tangible personal property of the Company and any of its Subsidiaries, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and amounts,for current liabilities incurred in the ordinary course of business, and for insurance policies issued in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries other than for reasonably equivalent value; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound whichwhich in the aggregate has had, either individually or could reasonably be expected to have, in the aggregate, a Material Adverse Effect; (m) any other event or condition of any character that, in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or have in the aggregate, a Material Adverse Effect; or (xivn) any binding arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Standard Management Corp)

Changes. Since the Balance Sheet DateStatement Date and up to the Closing, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of contemplated by the Ancillary AgreementsTransaction Documents, there has not been: (i) any change in its or any of its Subsidiaries’ business, the assets, liabilitiesLiabilities, financial condition (financial or otherwise), properties, operations or prospects, which, individually or of any Group Member from that reflected in the aggregateLatest Financial Statements, has had, or could reasonably be expected to have, a Material Adverse Effectother than changes in the Ordinary Course of Business; (ii) any resignation waiver by any Group Member of a right or termination of any of its or its Subsidiaries’ officers, key employees or groups of employeesa debt owed to it; (iii) any material change, except in the ordinary course incurrence of business, in its or commitment to incur any of its Subsidiaries’ contingent obligations Indebtedness for money borrowed by way of guaranty, endorsement, indemnity, warranty or otherwiseany Group Member; (iv) any satisfaction or discharge of any Lien or payment of any obligation by any Group Member; (v) any Lien created by any Group Member with respect to any of its properties or assets, other than such Liens created in the Ordinary Course of Business; (vi) any loan or advance to, guarantee for the benefit of, or investment in, any Person (including but not limited to any of the employees, officers or directors, or any members of their immediate families, of any Group Member), corporation, partnership, joint venture or other entity; (vii) any declaration, setting aside or payment or other distribution in respect of any Group Member’s Equity Securities, or any direct or indirect redemption, purchase or other acquisition of any such Equity Securities by such Group Member (including without limitation, any warrants, options or other rights to acquire capital stock or other Equity Securities); (viii) any failure by the Group to carry on the Business in the Ordinary Course of Business; (ix) any damage, destruction or loss, whether or not covered by insurance, which has hadadversely affecting the assets, properties, financial condition, operation or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment business of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its SubsidiariesGroup Member; (x) any debt, obligation charitable contributions or liability incurred, assumed or guaranteed pledges by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of businessGroup Member; (xi) any salecapital expenditures or commitments therefor by any Group Member, assignment other than such capital expenditure or transfer commitments made in the Ordinary Course of any Intellectual Property or other intangible assetsBusiness; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either which individually or in the aggregateaggregate might adversely affect the assets, has hadproperties, financial condition, operating results or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effectbusiness of any Group Member; orand (xivxiii) any arrangement agreement or commitment by it or any of its Subsidiaries Group Member to do any of the acts described in subsection (i) through (xiii) of this Section 12(h)Paragraph 11, that, in the aggregate, has had or could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Note Exchange Agreement

Changes. Since the Balance Sheet DateJune 30, 2003, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or the Company and its Subsidiaries taken as a whole, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Domestic Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Domestic Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiie) any waiver by the Company or any of its Domestic Subsidiaries of a valuable right or of a material debt owed to it; (f) any direct or indirect loans made by the Company or any of its Domestic Subsidiaries to any stockholder, employee, officer or director of the Company or any of its Domestic Subsidiaries, other than advances made in the ordinary course of business; (g) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder of the Company or any of its Domestic Subsidiaries; (h) any declaration or payment of any dividend or other distribution of the assets of the Company or any of its Domestic Subsidiaries; (i) any labor organization activity related to the Company or any of its Domestic Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by the Company or any of its Domestic Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (k) any sale, assignment or transfer of any patents, trademarks, copyrights, trade secrets or other intangible assets owned by the Company or any of its Domestic Subsidiaries; (l) any change in any material agreement to which the Company or any of its Domestic Subsidiaries is a party or by which either the Company or any of its Domestic Subsidiaries is bound which either individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (m) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries Subsidiaries, as applicable, to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Trinity Learning Corp)

Changes. Since the Balance Sheet DateDecember 31, 2008, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary AgreementsAgreement, there has not been: (i) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company, which, individually or in the aggregate, has had, had or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officersofficer, key employee or group of employees or groups of employeesthe Company; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ the contingent obligations of the Company by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (v) any waiver by it or any of its Subsidiaries the Company of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries the Company to any stockholder, employee, officer or director of its or any of its Subsidiaries’ stockholders, employees, officers or directorsthe Company, other than advances made in the ordinary course of business; (vii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assetsthe Company; (ix) any labor organization activity related to it or any of its Subsidiariesthe Company; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesthe Company, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries the Company is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries the Company to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Minatura Gold)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any date of the Ancillary AgreementsFinancial Statements, there has not been: (i) any change in its or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which has hadmaterially and adversely affecting the business, properties, prospects, or could reasonably be expected to have, individually financial condition of the Company or in the aggregate, a Material Adverse Effectits Subsidiaries; (vii) any waiver or compromise by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viiiii) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration holder of capital stock of the Company or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xiiv) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assets by the Company or its or its Subsidiaries; (v) any removal of any auditor or director or termination of any officer or other senior employee of the Company or its Subsidiaries; (vi) any extraordinary loss, whether or not covered by insurance, suffered by the Company or its Subsidiaries; (vii) any material shortage or any cessation or interruption in the shipment of any inventory, supplies or equipment used by the Company or its Subsidiaries; (viii) any resignation or termination of employment of any officer or key employee of the Company or its Subsidiaries that has not been disclosed in the Public Disclosure Documents; and the Company is not aware of any impending resignation or termination of employment of any officer or key employee of the Company or its Subsidiaries; (ix) any mortgage, pledge, transfer of a security interest in, or Lien, created by the Company or its Subsidiaries, with respect to any of its material properties or assets, except liens for taxes not yet due or payable, liens that arise in the ordinary course of business and do not materially impair the Company or its or its Subsidiaries ownership or use of such property or assets, or as disclosed in the Public Disclosure Documents; (x) any loans or guarantees made by the Company or its Subsidiaries to or for the benefit of an employee, officer or director, or any member of their immediate families; (xi) 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 of such stock by the Company; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound whichthe Company’s knowledge, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition of any character thatcharacter, either individually other than events affecting the economy or in the aggregateCompany’s industry generally, has had, or that could reasonably be expected to have, individually or result in the aggregate, a Material Adverse Effect; or (xivxiii) any arrangement or commitment by it or any of its Subsidiaries the Company to do any of the acts things described in subsection (i) through (xiii) of this Section 12(h7(s).

Appears in 1 contract

Samples: Agency Agreement

Changes. Since the Balance Sheet DateMarch 31, 2005, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in prospects of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bio Key International Inc)

Changes. Since the Balance Sheet DateSeptember 30, 2003, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Greenman Technologies Inc)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) except for additional loan disbursements by Accentia Biopharmaceuticals, Inc., a Florida corporation (the “Parent”), to the Company under those certain demand notes issued by the Company to the Parent (the “Parent Disbursements”), any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) except for the Parent Disbursements, any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except for (i) the Parent Disbursements, and (ii) those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Note Purchase Agreement (Biovest International Inc)

Changes. Since the Balance Sheet Statement Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been, with respect to the Borrower: (ia) other than as set out in Schedule 5.6(a) attached hereto, any change in its or any of its Subsidiaries’ business, the assets, liabilities, condition (financial condition, prospects or otherwise)operations of the Borrower from that reflected in the Financial Statements, propertiesother than changes in the ordinary course of business, operations or prospects, which, none of which individually or in the aggregate, aggregate has had, had or could reasonably be expected to have, result in a Material Adverse Effect; (iib) any resignation or termination of any Sxx Xxx, Rxxxxxx Xxxxxxxx or Gxxxxxxx Xxx Xxxxxxx, without the prior written consent of its or its Subsidiaries’ officers, key employees or groups of employeesthe Purchaser; (iiic) any material change, except in the ordinary course of business, in its or any the Contingent Obligations of its Subsidiaries’ contingent obligations the Borrower by way of guaranty, surety, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which that has had, had or could be reasonably be expected to have, individually or result in the aggregate, a Material Adverse Effect; (ve) any waiver by it or any of its Subsidiaries the Borrower of a valuable right or of a material debt Debt owed to it; (vif) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made as set out in the ordinary course of business; (vii) Schedule 5.6(f), any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ixg) any labor organization activity related to it or any of its Subsidiariesthe Borrower; (xh) except as otherwise expressly permitted herein, any debtDebt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesthe Borrower, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xiii) any change in any material agreement to which it or any of the Borrower and/or its Subsidiaries is properties are a party or by which either it or any of the Borrower and/or its Subsidiaries is properties are bound which, either individually or in the aggregate, which has had, had or could reasonably be expected to have, individually or result in the aggregate, a Material Adverse Effect;; or (xiiij) any other event or condition of any character that, either individually or in the aggregatecumulatively, has had, had or could reasonably be expected to have, individually or result in the aggregate, a Material Adverse Effect; or (xivk) any agreement, arrangement or commitment by it or any of its Subsidiaries the Borrower to do any of the acts described in subsection (ia) through (xiiik) of this Section 12(h)above, other than as disclosed pursuant to forementioned schedules.

Appears in 1 contract

Samples: Secured Promissory Note Purchase Agreement (Bunker Hill Mining Corp.)

Changes. Since the Balance Sheet DateExcept set forth on Schedule 3.8, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreementssince September 30, 2007, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, prospects of the Company or AirGATE which, individually or in the aggregate, has had, had or could reasonably be expected to have, a Material Adverse Effect; (iib) any resignation or termination of any of its or its Subsidiaries’ officersofficer, key employee or group of employees of the Company or groups of employeesAirGATE; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivc) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vd) any waiver by it the Company or any of its Subsidiaries AirGATE of a valuable right or of a material debt owed to it; (vie) any direct or indirect material loans made by it the Company or any of its Subsidiaries AirGATE to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directorsAirGATE, other than advances made in the ordinary course of business; (viif) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or AirGATE; (viiig) any declaration or payment of any dividend or other distribution of its cash, property or other assets of the Company or AirGATE, or any purchase, redemption or entry into any agreements to purchase or redeem any shares of its Subsidiaries’ assetscapital stock; (ixh) any labor organization activity related to it the Company or any of its SubsidiariesAirGATE; (xi) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its SubsidiariesAirGATE, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xij) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets of the Company or AirGATE; (xiik) any sale of assets outside the ordinary course of business; (l) any change in the Company’s or AirGATE’s method of accounting or the identity of their auditors or any material change relating to the reporting of, payment of or liability for Taxes; (m) any change in any material agreement to which it the Company or any of its Subsidiaries AirGATE is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiin) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivo) any arrangement or commitment by it the Company or any of its Subsidiaries AirGATE to do any of the acts described in subsection (ia) through (xiiin) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (X-Change Corp)

Changes. Since the Balance Sheet DateJanuary 31, 2006, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to in any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, whichwhich individually or in the aggregate has had, or would reasonably be expected to have, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable material right under a written contract or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment stockholder of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xh) any labor organization activity related to the Company or any of its Subsidiaries; (i) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xij) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiik) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiil) any other event or condition of any character that, either individually or in the aggregate, has had, or could would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivm) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Friendlyway CORP)

Changes. Since the Balance Sheet Measuring Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements6.10, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans loan made by it the Company or any of its Subsidiaries to any equity holder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderequity holder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its the assets of the Company or any of its Subsidiaries’ assetsSubsidiaries (other than regularly scheduled dividends on the Company’s 10% Series C Cumulative Preferred Stock and dividends by the Company’s Subsidiaries to the Company); (ixi) any labor organization activity related to it the Company or any of its Subsidiaries; (xj) any debt, material obligation or material liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment assignment, transfer, abandonment or transfer other disposition of any Intellectual Property patent, trademark, copyright, trade secret or other intangible assetsasset owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Note Purchase Agreement (GreenHunter Resources, Inc.)

Changes. Since the Balance Sheet DateExcept as set forth on Schedule 4.18, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreementssince ------- ------------- October 31, 1997, there has not been: (ia) any change in its change, by itself or together with other changes, that has affected adversely, or is likely to affect adversely, the assets, liabilities, financial condition or operating results of the Company or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except changes in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivb) any material damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vc) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to itit outside of the ordinary course of business; (vid) any direct satisfaction or indirect material loans made discharge of any Lien or prepayment of any obligation by it or any of its Subsidiaries to any of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viie) any change or amendment to a contract or arrangement by which the Company or any of its Subsidiaries or any of their respective assets or properties is bound or subject; (f) other than in the ordinary course of business, any material change increase in excess of $35,000 annually in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment employee of any dividend or other distribution of its the Company or any of its Subsidiaries’ assetsSubsidiaries receiving compensation; (ixg) any labor organization activity related events or circumstances that otherwise could reasonably be expected, individually or in the aggregate, to it have a material adverse effect on the Company and its Subsidiaries taken as a whole; and (h) none of the Company or any of its Subsidiaries; Subsidiaries has (xi) declared or paid any debtdividends, obligation or liability incurred, assumed authorized or guaranteed by it made any distribution upon or with respect to any class or series of its Subsidiariescapital stock or equity interests, except those (ii) incurred any Indebtedness for immaterial amounts and for current liabilities money borrowed in excess of $15,000, excluding trade payables incurred in the ordinary course of business; , (xiiii) made any saleloans or advances to any Person, assignment other than ordinary advances for travel expenses not exceeding $15,000, or transfer (iv) sold, exchanged or otherwise disposed of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party assets or by which either it rights for consideration in excess of $15,000 in any one transaction or any series of its Subsidiaries is bound which, either individually or related transactions other than in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiii) any other event or condition ordinary course of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (i) through (xiii) of this Section 12(h)business.

Appears in 1 contract

Samples: Securities Purchase Agreement (Touchstone Applied Science Associates Inc /Ny/)

Changes. Since the Balance Sheet DateSeptember 30, 2004, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Greenman Technologies Inc)

Changes. Since the Balance Sheet DateNovember 30, 2003, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, which, which individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Elec Communications Corp)

Changes. Since the Balance Sheet Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary AgreementsRelated Agreements or as relating to any material agreement entered into with the Purchaser, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company, whichIview, Iview Parent, or any of their respective Subsidiaries, which individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any waiver by it resignation or termination (constructive or otherwise) of any officer, key employee or group of employees of the Company, Iview, Iview Parent, or any of its Subsidiaries of a valuable right or of a material debt owed to ittheir respective Subsidiaries; (vic) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholderschange, employees, officers or directors, other than advances made except in the ordinary course of business, in the contingent obligations of the Company, Iview, Iview Parent, or any of their respective Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (viid) any material change in any compensation arrangement damage, destruction or agreement with any employeeloss, officer, director whether or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed not covered by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregateinsurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiie) any waiver by the Company, Iview, Iview Parent, or any of their respective Subsidiaries of a valuable right or of a material debt owed to it; (f) any direct or indirect loans made by the Company, Iview, Iview Parent, or any of their respective Subsidiaries to any stockholder, employee, officer or director of the Company, Iview, Iview Parent, or any of their respective Subsidiaries, other than advances made in the ordinary course of business; (g) any material increase in any compensation arrangement or agreement with any key employee, officer, director or stockholder of the Company, Iview, Iview Parent or any of their respective Subsidiaries; (h) any declaration or payment of any dividend or other distribution of the assets of the Company, Iview, Iview Parent or any of their respective Subsidiaries; (i) any labor organization activity related to the Company, Iview, Iview Parent or any of their respective Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by the Company, Iview, Iview Parent or any of their respective Subsidiaries in excess of a principal amount of USD$300,000 in the aggregate, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (k) any sale, assignment or transfer of any material patents, trademarks, copyrights, trade secrets or other intangible assets owned by the Company, Iview, Iview Parent or any of their respective Subsidiaries other than in the ordinary course of business; (l) any change in any material agreement to which the Company, Iview, Iview Parent or any of their respective Subsidiaries is a party or by which either the Company, Iview, Iview Parent or any of their respective Subsidiaries is bound which either individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (m) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company, Iview, Iview Parent or any of its their respective Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Creative Vistas Inc)

Changes. Since the date of the Balance Sheet DateSheet, except as disclosed in any Exchange Act Filing or in any Schedule Section 7.16 of Borrower’s Disclosure Schedule, with respect to this Agreement or to any of the Ancillary Agreementsit, there has not been: (ia) any change in its or any of its Subsidiaries’ business, assets, liabilitiesObligations, condition (financial or otherwise), properties, operations or prospects, which, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (iib) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viiih) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ixi) any labor organization activity related to it or any of its Subsidiariesit; (xj) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesit, except those for immaterial amounts and for current liabilities Obligations incurred in the ordinary course of business; (xik) any sale, assignment assignment, transfer, abandonment or transfer other disposition of any Intellectual Property or Collateral other intangible assetsthan Inventory in the ordinary course of business; (xiil) any change in any material agreement to which it or any of its Subsidiaries is a party or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)7.16.

Appears in 1 contract

Samples: Loan and Security Agreement (HydroGen CORP)

Changes. Since the Balance Sheet Date, except Except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary AgreementsSEC Filings, since June 30, 2006, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospectsprospects of the Company or any of its Subsidiaries, whichwhich individually or in the aggregate has had, or would reasonably be expected to have, individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (iib) any resignation or termination of any officer, key employee or group of employees of the Company or any of its or its Subsidiaries’ officers, key employees or groups of employees; (iiic) any material change, except in the ordinary course of business, in its the contingent obligations of the Company or any of its Subsidiaries’ contingent obligations Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (ivd) any damage, destruction or loss, whether or not covered by insurance, which has had, or could would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (ve) any waiver by it the Company or any of its Subsidiaries of a valuable material right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its the assets of the Company or any of its Subsidiaries’ assetsSubsidiaries on its common shares; (ixi) any labor organization activity related to it the Company or any of its Subsidiaries; (xj) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection subsections (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Host America Corp)

Changes. Since the Balance Sheet DateExcept as set forth on Schedule 4.17, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreementssince April 30, 1999, there has not been: (ia) any change in its the assets, the nature of assets, liabilities, financial condition or operating results, business, property or prospects of the Company or any of its Subsidiaries’ business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or Subsidiaries from that reflected in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material changeFinancial Statements, except for the RSI Note and changes in the ordinary course of businessbusiness that have not been, in its or any of its Subsidiaries’ contingent obligations by way of guarantythe aggregate, endorsement, indemnity, warranty or otherwisematerially adverse; (ivb) any damage, destruction or loss, whether or not covered by insurance, which has hadmaterially and adversely affecting the assets, the nature of assets, properties, financial condition, operating results, or could reasonably business, property or prospects of the Company or any of its Subsidiaries (as such business is presently conducted and as it is proposed to be expected to have, individually or in the aggregate, a Material Adverse Effectconducted); (vc) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to itit outside of the ordinary course of business or that otherwise could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (vid) any direct satisfaction or indirect material loans made discharge of any Lien or payment of any obligation by it the Company or any of its Subsidiaries that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (e) any agreement, oral or written, for the acquisition of any Person or its assets; (f) any change or amendment to a contract or arrangement by which the Company or any of its Subsidiaries’ stockholdersSubsidiaries or any of their respective assets or properties is bound or subject that could reasonably be expected, employeesindividually or in the aggregate, officers or directors, to have a Material Adverse Effect; (g) other than advances made in the ordinary course of business; (vii) , any material change increase in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment employee of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xi) any sale, assignment or transfer of any Intellectual Property or other intangible assets; (xii) any change in any material agreement to which it Company or any of its Subsidiaries is a party receiving compensation in excess of $50,000 annually; (h) any events or by which either it or any of its Subsidiaries is bound which, either individually or in the aggregate, has had, or circumstances that otherwise could reasonably be expected to haveexpected, individually or in the aggregate, to have a Material Adverse Effect; (xiiii) any other event or condition none of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xiv) any arrangement or commitment by it Company or any of its Subsidiaries to do any of the acts described in subsection has since April 30, 1999 (i) through declared or paid any dividends, redeemed, or authorized or made any distribution upon or with respect to any class or series of its capital stock or equity interests, (xiiiii) incurred any indebtedness for money borrowed in excess of this Section 12(h)$10,000 other than pursuant to or permitted by the Loan Documents and other than the RSI Note, (iii) made any loans or advances to any Person, other than ordinary advances for travel expenses not exceeding $5,000, or (iv) sold, exchanged, mortgaged or pledged or otherwise disposed of any of its assets or rights for consideration in excess of $10,000 in any one transaction or series of related transactions; or (j) any change in method of accounting.

Appears in 1 contract

Samples: Securities Purchase Agreement (Reckson Services Industries Inc)

Changes. Since the Balance Sheet DateJune 30, 2004 , except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in prospects of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Pipeline Data Inc)

Changes. Since the Balance Sheet DateJuly 31, 2003, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Related Agreements, there has not been: (ia) any change in its or any of its Subsidiaries’ the business, assets, liabilities, condition (financial or otherwise), properties, operations or prospects, which, individually or in prospects of the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect; (ii) any resignation or termination of any of its or its Subsidiaries’ officers, key employees or groups of employees; (iii) any material change, except in the ordinary course of business, in its Company or any of its Subsidiaries’ contingent obligations by way of guaranty, endorsement, indemnity, warranty or otherwise; (iv) any damage, destruction or loss, whether or not covered by insurance, which individually or in the aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (vb) any resignation or termination of any officer, key employee or group of employees of the Company or any of its Subsidiaries; (c) any material change, except in the ordinary course of business, in the contingent obligations of the Company or any of its Subsidiaries by way of guaranty, endorsement, indemnity, warranty or otherwise; (d) any damage, destruction or loss, whether or not covered by insurance, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (e) any waiver by it the Company or any of its Subsidiaries of a valuable right or of a material debt owed to it; (vif) any direct or indirect material loans made by it the Company or any of its Subsidiaries to any stockholder, employee, officer or director of its the Company or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (viig) any material change in any compensation arrangement or agreement with any employee, officer, director or stockholderstockholder of the Company or any of its Subsidiaries; (viiih) any declaration or payment of any dividend or other distribution of its or any the assets of its Subsidiaries’ assets; (ix) any labor organization activity related to it the Company or any of its Subsidiaries; (xi) any labor organization activity related to the Company or any of its Subsidiaries; (j) any debt, obligation or liability incurred, assumed or guaranteed by it the Company or any of its Subsidiaries, except those for immaterial amounts and for current liabilities incurred in the ordinary course of business; (xik) any sale, assignment or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other intangible assetsassets owned by the Company or any of its Subsidiaries; (xiil) any change in any material agreement to which it the Company or any of its Subsidiaries is a party or by which either it the Company or any of its Subsidiaries is bound which, which either individually or in the aggregate, aggregate has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; (xiiim) any other event or condition of any character that, either individually or in the aggregate, has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect; or (xivn) any arrangement or commitment by it the Company or any of its Subsidiaries to do any of the acts described in subsection (ia) through (xiiim) of this Section 12(h)above.

Appears in 1 contract

Samples: Securities Purchase Agreement (Gwin Inc)

Changes. Since the Balance Sheet Statement Date, except as disclosed in any Exchange Act Filing or in any Schedule to this Agreement or to any of the Ancillary Agreements, there has not been: (i) any Any change in its or any of its Subsidiaries’ business, the assets, liabilities, condition (financial condition, or otherwise)operations of the Company, propertiesother than changes in the ordinary course of business, operations or prospects, which, none of which individually or in the aggregate, aggregate has had, had or could would reasonably be expected to have, have a Material Adverse Effect; (ii) any Any resignation or termination of any officer or group of its or its Subsidiaries’ officers, key employees or groups of employeesthe Company; (iii) any Any material change, except in the ordinary course of business, in its or any of its Subsidiaries’ the contingent obligations of the Company by way of amendment, modification, termination, guaranty, endorsement, indemnity, warranty or otherwise; (iv) Any satisfaction or discharge of any lien, claim or encumbrance or payment of any obligation by the Company, except in the ordinary course of business and the satisfaction or discharge of which would not have a Material Adverse Effect; (v) Any damage, destruction or loss, whether or not covered by insurance, which that has had, had or could would reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; (vvi) any Any waiver or compromise by it or any of its Subsidiaries the Company of a valuable right or of a material debt owed to it; (vi) any direct or indirect material loans made by it or any of its Subsidiaries to any of its or any of its Subsidiaries’ stockholders, employees, officers or directors, other than advances made in the ordinary course of business; (vii) any Any material change in any compensation arrangement or agreement with any employee, officer, director or stockholder; (viii) any declaration or payment of any dividend or other distribution of its or any of its Subsidiaries’ assets; (ix) any labor organization activity related to it or any of its Subsidiaries; (x) any Any debt, obligation or liability incurred, assumed or guaranteed by it or any of its Subsidiariesthe Company, except those for immaterial amounts not exceeding $200,000 and for current liabilities incurred in the ordinary course of business; (xiix) Any loan or guarantee 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 made in the ordinary course of business; (x) Any sale, assignment assignment, or exclusive license or transfer of any Intellectual Property patents, trademarks, copyrights, trade secrets or other material intangible assets; (xiixi) Any amendment to or termination or expiration of any change in any material agreement Material Contract to which it or any of its Subsidiaries the Company is a party or by which either it is bound; (xii) Any mortgage, pledge, transfer of a security interest in, or lien, created by the Company, with respect to any of its Subsidiaries is bound whichmaterial properties or assets, either individually or other than statutory liens resulting from taxes which have not yet become delinquent and liens that arise in the aggregate, has had, ordinary course of business and do not materially impair the Company’s ownership or could reasonably be expected to have, individually use of such property or in the aggregate, a Material Adverse Effectassets; (xiii) 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 of such stock by the Company; (xiv) Any other event or condition of any character that, either individually or in the aggregatecumulatively, has had, had or could would reasonably be expected to have, individually or in the aggregate, have a Material Adverse Effect; or (xivxv) any Any arrangement or commitment by it or any of its Subsidiaries the Company to do any of the acts described in subsection subsections (i) through (xiiixiv) of this Section 12(h)above.

Appears in 1 contract

Samples: Stock Purchase Agreement (Mirna Therapeutics, Inc.)