Common use of Discharge of Liabilities Clause in Contracts

Discharge of Liabilities. The Company shall not pay, discharge or satisfy any material claims, liabilities or obligations (absolute, accrued, asserted or unasserted, contingent or otherwise), other than the payment, discharge or satisfaction, in the ordinary course of business consistent with past practice (which includes the payment of final and unappealable judgments) or in accordance with their terms, of liabilities reflected or reserved against in, or contemplated by, the most recent consolidated financial statements (or the notes thereto) of the Company included in the Company's reports filed with the SEC, or incurred in the ordinary course of business consistent with past practice.

Appears in 6 contracts

Samples: Agreement and Plan of Merger (Northeast Utilities System), Agreement and Plan of Merger (Energy East Corp), Agreement and Plan of Merger (Berkshire Energy Resources)

AutoNDA by SimpleDocs

Discharge of Liabilities. The Company shall not pay, discharge or satisfy any material claims, liabilities or obligations (absolute, accrued, asserted or unasserted, contingent or otherwise), other than the payment, discharge or satisfaction, in the ordinary course of business consistent with past practice (which includes the payment of final and unappealable judgments) or in accordance with their terms, of liabilities reflected or reserved against in, or contemplated by, the most recent consolidated financial statements (or the notes thereto) of the Company included in the Company's reports filed with the SEC, Company SEC Reports or incurred in the ordinary course of business consistent with past practicepractice or as disclosed in Section 6.1(p) of the Company Disclosure Schedule.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Disc Graphics Inc /De/), Agreement and Plan of Merger (Dg Acquisition Corp)

Discharge of Liabilities. The Company shall not pay, discharge or satisfy any material claims, liabilities or obligations (absolute, accrued, asserted or unasserted, contingent or otherwise), other than the payment, discharge or satisfaction, in the ordinary course of business consistent with past practice (which includes the payment of final and unappealable judgments) or in accordance with their terms, of liabilities reflected or reserved against in, or contemplated by, the most recent consolidated financial statements (or the notes thereto) of the Company included in the Company's reports filed with the SECCompany SEC Reports, or incurred in the ordinary course of business consistent with past practice.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Oneok Inc /New/), Agreement and Plan of Merger (Southwest Gas Corp)

Discharge of Liabilities. The Company shall not pay, discharge or satisfy any material claims, liabilities or obligations (absolute, accrued, asserted or unasserted, contingent or otherwise), other than the payment, discharge or satisfaction, in the ordinary course of business consistent with past practice (which includes the payment of final and unappealable judgments) or in accordance with their terms, of liabilities reflected or reserved against in, or contemplated by, the most recent consolidated financial statements (or the notes thereto) of the Company included in the Company's reports filed with the SEC, or incurred in the ordinary course of business consistent with past practice, or permitted under Section 6.1(h)(iii).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (RGS Energy Group Inc), Agreement and Plan of Merger (Energy East Corp)

AutoNDA by SimpleDocs

Discharge of Liabilities. The Company shall not pay, discharge or ------------------------ satisfy any material claims, liabilities or obligations (absolute, accrued, asserted or unasserted, contingent or otherwise), other than the payment, discharge or satisfaction, in the ordinary course of business consistent with past practice (which includes the payment of final and unappealable judgments) or in accordance with their terms, of liabilities reflected or reserved against in, or contemplated by, the most recent consolidated financial statements (or the notes thereto) of the Company included in the Company's reports filed with the SEC, or incurred in the ordinary course of business consistent with past practice.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Yankee Energy System Inc)

Discharge of Liabilities. The Company shall not pay, discharge discharge, settle or satisfy any material claims, liabilities or obligations (absolute, accrued, asserted or unasserted, contingent or otherwise), other than the payment, discharge discharge, settlement or satisfaction, in the ordinary course of business consistent with past practice (which includes the payment of final and unappealable judgments) or in accordance with their terms, of claims, liabilities reflected or reserved against in, obligations recognized or contemplated by, disclosed in the most recent consolidated financial statements (or the notes thereto) of the Company included in the Company's reports filed with the SEC, Company Filed SEC Documents or incurred since the date of such financial statements in the ordinary course of business consistent with past practice.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Edmark Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.