Common use of Damage/Loss Clause in Contracts

Damage/Loss. Neither the Company nor any of its subsidiaries has experienced any damage, destruction or loss, whether or not covered by insurance, that would materially and adversely affect the assets, properties, financial condition, operating results, prospects or business of the Company (as such business is presently conducted and as it is proposed to be conducted).

Appears in 7 contracts

Samples: Series C Convertible Preferred Stock Purchase Agreement (Selway Partners LLC), Series C Preferred Stock Purchase Agreement (SCP Private Equity Partners Ii Lp), Preferred Stock Purchase Agreement (Usdata Corp)

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Damage/Loss. Neither the The Company nor any of its subsidiaries has not experienced any damage, destruction or loss, whether or not covered by insurance, that would materially and adversely affect the assets, properties, financial condition, operating results, prospects or business of the Company (as such business is presently conducted and as it is proposed to be conducted).

Appears in 1 contract

Samples: Securities Purchase Agreement (Usdata Corp)

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Damage/Loss. Neither the Company nor any of its subsidiaries ------------ has experienced any damage, destruction or loss, whether or not covered by insurance, that would materially and adversely affect the assets, properties, financial condition, operating results, prospects or business of the Company (as such business is presently conducted and as it is proposed to be conducted).

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (SCP Private Equity Partners Ii Lp)

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