Common use of Conduct Since Date of Balance Sheet Clause in Contracts

Conduct Since Date of Balance Sheet. Except as otherwise set forth herein), none of the following has occurred since the date of the Balance Sheet: (a) Any material adverse change in the financial condition, obligations, capitalization, business, prospects or operations of the Corporation, nor are there any circumstances known to the Corporation which might result in such a material adverse change or such an effect; (b) Any increase of indebtedness of the Corporation other than in the ordinary course of business; (c) Any settlement or other resolution of any dispute or proceeding other than in the ordinary course of business; (d) Any cancellation by the Corporation, without payment in full, of any obligation to the Corporation of any shareholder, director, officer or employee of the Corporation (or any member of their respective families), or any entity in which any shareholder, director or officer of the Corporation (or any member of their respective families) has any direct or indirect interests; (e) Any obligation incurred by the Corporation other than in the ordinary course of business; (f) Any payment, discharge or satisfaction of any obligation or judgment, other than in the ordinary course of business; or (g) Any agreement obligating the Corporation to do or take any of the actions referred to in this Section 2.7 outside the ordinary course of business.

Appears in 3 contracts

Samples: Share for Share Exchange Agreement (Capital Solutions I, Inc.), Share for Share Exchange Agreement (Capital Solutions I, Inc.), Rescission Agreement (Capital Solutions I, Inc.)

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Conduct Since Date of Balance Sheet. Except as disclosed in Schedule 2.6 hereto or as otherwise set forth herein), herein none of the following has occurred since the date of the Balance Sheet: (a) Any material adverse change in the financial condition, obligations, capitalization, business, prospects or operations of the Corporation, nor are there any circumstances known to the Corporation which might result in such a material adverse change or such an effect; (b) Any increase of indebtedness of the Corporation other than in the ordinary course of business; (c) Any settlement or other resolution of any dispute or proceeding other than in the ordinary course of business; (d) Any cancellation by the Corporation, without payment in full, of any obligation to the Corporation of any shareholder, director, officer or employee of the Corporation (or any member of their respective families), or any entity in which any shareholder, director or officer of the Corporation (or any member of their respective families) has any direct or indirect interests; (e) Any obligation incurred by the Corporation other than in the ordinary course of business; (f) Any payment, discharge or satisfaction of any obligation or judgment, other than in the ordinary course of business; or (g) Any agreement obligating the Corporation to do or take any of the actions referred to in this Section 2.7 outside the ordinary course of business.

Appears in 2 contracts

Samples: Share Exchange Agreement (Medical Connections Holdings, Inc.), Share Exchange Agreement (Webb Mortgage Depot Inc)

Conduct Since Date of Balance Sheet. Except as otherwise set forth herein), none of the following has occurred since the date of the Balance Sheet: (a) Any material adverse change in the financial conditioncon­dition, obligations, capitalization, business, prospects or operations of the CorporationCompany, nor are there any circumstances known to the Corporation Company which might result in such a material adverse change or such an effect; (b) Any increase of indebtedness of the Corporation Company other than in the ordinary course of business; (c) Any settlement or other resolution of any dispute or proceeding other than in the ordinary course of business; (d) Any cancellation by the CorporationCompany, without payment pay­ment in full, of any obligation to the Corporation Company of any shareholder, director, officer or employee of the Corporation Company (or any member of their respective families), or any entity in which any shareholder, director or officer of the Corporation Company (or any member of their respective families) has any direct or indirect interests; (e) Any obligation incurred by the Corporation Company other than in the ordinary course of business; (f) Any payment, discharge or satisfaction of any obligation or judgment, other than in the ordinary course of businessbusi­ness; or (g) Any agreement obligating the Corporation Company to do or take any of the actions referred to in this Section 2.7 outside the ordinary course of business.

Appears in 1 contract

Samples: Share Exchange Agreement (China Growth Development, Inc.)

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Conduct Since Date of Balance Sheet. Except as otherwise set forth herein), none of the following has occurred since the date of the Balance Sheet: (a) Any material adverse change in the financial condition, obligations, capitalization, business, prospects or operations of the CorporationCompany, nor are there any circumstances known to the Corporation Company which might result in such a material adverse change or such an effect; (b) Any increase of indebtedness of the Corporation Company other than in the ordinary course of business; (c) Any settlement or other resolution of any dispute or proceeding other than in the ordinary course of business; (d) Any cancellation by the CorporationCompany, without payment in full, of any obligation to the Corporation Company of any shareholder, director, officer or employee of the Corporation Company (or any member of their respective families), or any entity in which any shareholder, director or officer of the Corporation Company (or any member of their respective families) has any direct or indirect interests; (e) Any obligation incurred by the Corporation Company other than in the ordinary course of business; (f) Any payment, discharge or satisfaction of any obligation or judgment, other than in the ordinary course of business; or (g) Any agreement obligating the Corporation Company to do or take any of the actions referred to in this Section 2.7 outside the ordinary course of business.

Appears in 1 contract

Samples: Share Exchange Agreement (Teeka Tan Products, Inc.)

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