Dividends; Indebtedness. Except as disclosed in the SEC Reports, since the date of the Financial Statements, the Company has not (i) incurred, in the aggregate, any indebtedness for money borrowed in excess of $150,000, (ii) made any loans or advances to any person, other than ordinary advances for travel expenses, (iii) sold, exchanged or otherwise disposed of any of its assets or rights or entered into any agreement or arrangement with respect thereto, other than the sale of its inventory in the ordinary course of business, or (iv) declared or paid any dividends, or authorized any distribution upon or with respect to any class or series of its capital stock.
Appears in 2 contracts
Samples: Convertible Note, Warrant and Common Stock Purchase Agreement (Photoworks Inc /Wa), Convertible Note and Warrant Purchase Agreement (Photoworks Inc /Wa)
Dividends; Indebtedness. Except as disclosed in the SEC Reports, since the date of the Financial Statements, the Company has not (i) incurred, in the aggregate, incurred any indebtedness for money borrowed in excess of $150,0001,000,000 (either individually or in the aggregate), (ii) made any loans or advances to any person, other than ordinary advances for travel expenses, (iii) sold, exchanged or otherwise disposed of any of its assets or rights or entered into any agreement or arrangement with respect thereto, other than the sale of its inventory in the ordinary course of business, or (iv) declared or paid any dividends, or authorized any distribution upon or with respect to any class or series of its capital stock.
Appears in 1 contract
Samples: Series a Preferred Stock and Warrant Purchase Agreement (Seattle Filmworks Inc)
Dividends; Indebtedness. Except as disclosed in the SEC Reports, since Reports and as disclosed in the date Schedule of the Financial StatementsExceptions, the Company has not (i) incurred, in the aggregate, any indebtedness for money borrowed in excess of $150,000, (ii) made any loans or advances to any person, other than ordinary advances for travel expenses, (iii) sold, exchanged or otherwise disposed of any of its assets or rights or entered into any agreement or arrangement with respect thereto, other than the sale of its inventory in the ordinary course of business, or (iv) declared or paid any dividends, or authorized any distribution upon or with respect to any class or series of its capital stock.
Appears in 1 contract
Samples: Subordinated Convertible Debenture Purchase Agreement (Photoworks Inc /Wa)
