Common use of Events Subsequent Clause in Contracts

Events Subsequent. Other than in the ordinary course of the Company’s business, the Company has disclosed to the Subscriber: (a) Any sale, lease, transfer, license or assignment of any assets, tangible or intangible, of the Company; (b) Any damage, destruction or property loss, whether or not covered by insurance, affecting adversely the properties or business of the Company; (c) Any declaration or setting aside or payment of any dividend or distribution with respect to the shares of capital stock of the Company or any redemption, purchase or other acquisition of any such shares; (d) Any subjection to any lien on any of the assets, tangible or intangible, of the Company other than in the ordinary course of business; (e) Any incurrence of indebtedness or liability or assumption of obligations by the Company other than in the ordinary course of business; (f) Any waiver or release by the Company of any right of any material value; (g) Any compensation or benefits paid to officers or directors of the Company; (h) Any change made or authorized in the articles of incorporation or bylaws of the Company, except standard corporate minutes pertaining to this transaction and other items approved in the ordinary course of business; (i) Any loan to or other transaction with any officer, director or stockholder of the Company giving rise to any claim or right of the Company against any such person or of such person against the Company; or (j) Any material adverse change in the condition (financial or otherwise) of the respective properties, assets, liabilities or business of the Company; or (k) Any agreement, written or otherwise, to take any of the foregoing actions.

Events Subsequent. Other than in the ordinary course of the Company’s business, the Company has disclosed to the Subscriber: (ai) Any sale, lease, transfer, license or assignment of any assets, tangible or intangible, of the Company; (bii) Any damage, destruction or property loss, whether or not covered by insurance, affecting adversely the properties or business of the Company; (ciii) Any declaration or setting aside or payment of any dividend or distribution with respect to the shares of capital stock of the Company or any redemption, purchase or other acquisition of any such shares; (div) Any subjection to any lien on any of the assets, tangible or intangible, of the Company other than in the ordinary course of business; (ev) Any incurrence of indebtedness or liability or assumption of obligations by the Company other than in the ordinary course of business; (fvi) Any waiver or release by the Company of any right of any material value; (gvii) Any compensation or benefits paid to officers or directors of the Company; (hviii) Any change made or authorized in the articles of incorporation or bylaws of the Company, except standard corporate minutes pertaining to this transaction and other items approved in the ordinary course of business; (i) Any loan to or other transaction with any officer, director or stockholder of the Company giving rise to any claim or right of the Company against any such person or of such person against the Company; or (jix) Any material adverse change in the condition (financial or otherwise) of the respective properties, assets, liabilities or business of the Company; or (kx) Any agreement, written or otherwise, to take any of the foregoing actions.

Events Subsequent. Other than in Since January 1, 2008, as to the ordinary course Company, there has not been any of the Company’s business, the Company has following that have not been disclosed to the SubscriberSubscriber or disclosed in the SEC Reports: (a) Any sale, lease, transfer, license or assignment of any assets, tangible or intangible, of the Company, other than in the ordinary course of business; (b) Any material damage, destruction or property loss, whether or not covered by insurance, affecting adversely the properties or business of the Company; (c) Any declaration or setting aside or payment of any dividend or distribution with respect to the shares of capital stock of the Company or any redemption, purchase or other acquisition of any such shares; (d) Any subjection to any material lien on any of the assets, tangible or intangible, of the Company Company, other than in the ordinary course of business; (e) Any incurrence of any material indebtedness or liability or assumption of obligations by the Company other than in the ordinary course of businessCompany; (f) Any waiver or release by the Company of any right of any material value; (g) Any material increase in compensation or benefits paid to officers or directors of the Company, other than in the ordinary course of business; (h) Any material change made or authorized in the articles of incorporation or bylaws of the Company, except standard corporate minutes pertaining to this transaction and other items approved in the ordinary course of business; (i) Any loan to or other transaction with any officer, director or stockholder of the Company giving rise to any material claim or right of the Company against any such person or of such person against the Company; or (j) Any material adverse change in the condition (financial or otherwise) of the respective properties, assets, liabilities or business of the Company; or (k) Any any agreement, written or otherwise, to take any of the foregoing actions.