Common use of Financial Condition; Taxes; Litigation Clause in Contracts

Financial Condition; Taxes; Litigation. 3.8.1 The Company's financial condition is, in all material respects, as described in the Disclosure Documents, except for changes in the ordinary course of business and normal year-end adjustments that are not, in the aggregate, materially adverse to the consolidated business or financial condition of the Company and its subsidiaries taken as a whole. Except as otherwise described in the Disclosure Documents, as of the date hereof and as of the Closing Date, there has been no material adverse change to the Company's business, operations, properties, financial condition or results of operations since the date of the Company's most recent audited financial statements contained in the Disclosure Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Interactive Entertainment LTD)

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Financial Condition; Taxes; Litigation. 3.8.1 The Company's financial condition is, in all material respects, as described in the Disclosure Documents, except for changes in the ordinary course of business and normal year-end adjustments that are not, in the aggregate, materially adverse to the consolidated business or financial condition of the Company and its subsidiaries taken as a whole. Except as otherwise described in the Disclosure Documents, as of the date hereof and as of the Closing Date, there has been no material adverse change to the Company's business, operations, properties, financial condition condition, prospects or results of operations since the date of the Company's most recent audited financial statements contained in the Disclosure Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Queen Sand Resources Inc)

Financial Condition; Taxes; Litigation. 3.8.1 The Company's financial condition is, in all material respects, as described in the Disclosure Documents, except for changes in the ordinary course of business and normal year-end adjustments that are not, in the aggregate, materially adverse to the consolidated business or financial condition of the Company and its subsidiaries taken as a whole. Except as otherwise described in the Disclosure Documents, as of the date hereof and as of the Closing Date, there There has not been no a material adverse change change, or any event or circumstance that with the passage of time could reasonably be expected to result in a material adverse change, to the Company's business, operations, properties, financial condition or results of operations since the date of the Company's most recent audited financial statements contained in the Disclosure Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Aspeon Inc)

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Financial Condition; Taxes; Litigation. 3.8.1 14.8.1 The Company's financial condition is, in all material respects, as described in the Disclosure Documents, except for changes in the ordinary course of business and normal year-end adjustments that are not, in the aggregate, materially adverse to the consolidated business or financial condition of the Company and its subsidiaries taken as a whole. Except as otherwise described in the Disclosure Documents, as of the date hereof and as of the applicable Closing Date, there has been no material adverse change to the Company's business, operations, properties, financial condition or results of operations since the date of the Company's most recent audited financial statements contained in the Disclosure Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Interactive Entertainment LTD)

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