Events Subsequent to the Date of the Balance Sheet. Since the date of the Balance Sheet, the Company has not (i) issued any stock, bond or other corporate security, (ii) borrowed any amount or incurred or become subject to any liability (absolute, accrued or contingent), except current liabilities incurred and liabilities under contracts entered into in the ordinary course of business, (iii) discharged or satisfied any lien or encumbrance or incurred or paid any obligation or liability (absolute, accrued or contingent) other than current liabilities shown on the Balance Sheet and current liabilities incurred since the date of the Balance Sheet in the ordinary course of business, (iv) declared or made any payment or distribution to stockholders or purchased or redeemed any share of its capital stock or other security, (v) mortgaged, pledged, encumbered or subjected to lien any of its assets, tangible or intangible, other than liens of current real property taxes not yet due and payable, (vi) sold, assigned or transferred any of its tangible assets except in the ordinary course of business, or cancelled any debt or claim, (vii) sold, assigned, transferred or granted any exclusive license with respect to any patent, trademark, trade name, service xxxx, copyright, trade secret or other intangible asset, (viii) suffered any loss of property or waived any right of substantial value whether or not in the ordinary course of business, (ix) made any change in officer compensation except in the ordinary course of business and consistent with past practice, (x) made any material change in the manner of business or operations of the Company, (xi) entered into any transaction except in the ordinary course of business or as otherwise contemplated hereby or (xii) entered into any commitment (contingent or otherwise) to do any of the foregoing.
Events Subsequent. Other than in the ordinary course of the Company’s business, the Company has disclosed to the Subscriber:
Events Subsequent to January 1, 1997. Since January 1, 1997, except as set forth in Section 2(f) of the Disclosure Schedule, there has not been any adverse change in the assets, Liabilities, business, financial condition, operations, results of operations, or future prospects of the Seller with respect to the operation of the Stations. Without limiting the generality of the foregoing and with respect to the operation of the Stations since that date:
Events Subsequent. Since the date of the financial statements set forth in Host’s most recent quarterly report, there has not been any adverse change in the assets, liabilities, business, financial condition, operations, results of operations, or future prospects of Host taken as a whole.
Events Subsequent. Subsequent to the Most Recent USGL Balance Sheet and except as set forth in Section 3.05 of the USGL Disclosure Schedule, USGL has not (i) incurred any material liabilities or obligations, absolute or contingent, except current liabilities and obligations under contracts entered into in the ordinary course of business; (ii) declared or made any payment or distribution to stockholders or purchased or redeemed any of its capital stock; (iii) mortgaged or pledged or subjected to lien, charge or any other encumbrance, any of its assets, tangible or intangible, excepting extensions or renewals of liens for liabilities set forth on the Most Recent USGL Balance Sheet; (iv) sold or transferred any of its tangible assets or canceled any debts or claims except in each case in the ordinary course of business; (v) made any capital expenditures other than in the ordinary course of business; or (vi) incurred any material or adverse losses or damages, to be involved in strikes, or other labor disputes.
Events Subsequent to January 1, 1997. Since January 1, 1997, except as set forth in Section 2(f) of the Disclosure Schedule:
Events Subsequent to January 1, 1997. Since January 1, 1997, except as set forth in Section 2(f) of the Disclosure Schedule, there has not been any material adverse change in the assets, Liabilities, business condition of the Station. For the purposes of this Agreement a "material adverse change" shall not apply to or include any change in the ratings of the Station and/or any decline of less than Ten Thousand Dollars ($10,000) in the Station's cash flow for the period January 1, 1998-April 26, 1998 when compared to the same period in 1997. Without limiting the generality of the foregoing and solely with respect to operation of the Station since that date:
Events Subsequent to January 1, 1998. Except as set forth in the SEC Documents and in Schedule 2.6, since January 1, 1998, the Corporation has not (i) issued any stock, bond or other security (except shares issued in connection with the exercise of employee stock options), (ii) borrowed any amount or incurred or become subject to any liability (absolute, accrued or contingent), except current liabilities incurred in the ordinary course of business and liabilities under contracts entered into in the ordinary course of business, (iii) declared or made any payment or distribution to equity holders or purchased or redeemed any share of its capital stock or other security, (iv) mortgaged, pledged or subjected to lien any of its assets, tangible or intangible, other than liens for current taxes not yet due and payable, except for mortgages, pledges or liens that do not exceed $50,000 in the aggregate, (v) sold, assigned or transferred any of its assets except in the ordinary course of business, or canceled any debt or claim, (vi) suffered any material loss of property or waived any right of substantial value whether or not in the ordinary course of business, (vii) made any material change to the Corporation's employee benefit plans, (viii) made any change in the Corporation's accounting principles and practices, (ix) made any material change in the manner of business or operations, (x) entered into any material transaction except in the ordinary course of business or as otherwise contemplated hereby or (xi) entered into any commitment (contingent or otherwise) to do any of the foregoing.
Events Subsequent to May 31, 1997. Except as disclosed on Schedule --------------------------------- -------- 7.07, since May 31, 1997, there has not been any material change in the ---- business, financial condition, operations, results of operations, or future prospects of JCR. Without limiting the generality of the foregoing, since that date:
Events Subsequent. (a) Since the Company Balance Sheet Date through the date hereof, (i) there has not been any Material Adverse Effect on the Company, and, (ii) except for the Transactions, the Company has been operated only in the Ordinary Course of Business.
