Lack of Operating History Sample Clauses

Lack of Operating History. In recent years, the Company has substantially changed its business plan. As a result, the Company's operating history under its current business plan is limited. In addition, one of the Company's Subsidiaries is a recent start-up electricity retail business. Such limited operating history of the Company and its Subsidiaries may not provide sufficient information for Purchasers to base an evaluation of likely performance. RISKS RELATED TO PROJECTIONS AND ESTIMATES All statements other than statements of historical facts included in the SEC Filings or any other information provided to a potential investor regarding the financial position, business strategy, plans and objectives of management for future operations of the Company and its Subsidiaries are projections and estimates based upon current information available to the Company. While we believe that such projections and estimates are based upon reasonable assumptions, there are significant risks and uncertainties that could significantly effect expected results. Important factors that could cause actual results to differ materially from those in the projections and estimates include, without limitation, the Risk Factors discussed herein, and many of those factors are beyond our control. All written and oral projections and estimates and "forward looking" statements attributable to the Company, whether contained in the SEC Filings or otherwise, are expressly qualified in their entirety by such factors. Purchasers should expect the assumptions and related projections and estimates to change as additional information becomes available. However, the Company does not intend to update or otherwise revise the projections and estimates provided to reflect events or circumstances after the date of such information or to reflect the occurrence of unanticipated events. A Purchaser should carefully review and consider the assumptions and estimates, and obtain the advice of legal and accounting experts and other professionals regarding these matters. Actual results may differ materially from any business descriptions and operating estimates contained in the information provided or available to a Purchaser.
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Lack of Operating History. Substantially all of the Company's business activities are conducted through its subsidiaries, which have been in the development stage until recently. Potential investors should be aware of the difficulties encountered by a new enterprise, especially in view of the intense competition from existing and more established companies in the wastewater, waste management, environmental control, and soils products businesses which will be the principal focus of the Company. Since commercial operations have only recently commenced, the Company is without a history of significant revenues.
Lack of Operating History as Separate Entity; Limited Relevance of Historical Financial Information..
Lack of Operating History. The Fund is a newly organised entity that has no prior operating history or track record upon which prospective Shareholders may base an evaluation of their likely performance or the performance of an investment. The Fund’s results of operations will depend upon the availability of suitable investment opportunities for its Sub-Funds respectively and the performance of their investments and the successful investment of the assets of the Sub-Funds will depend on many factors, including, without limitation, upon the skills of the Portfolio Manager.
Lack of Operating History. MDI was formed on March 23, 2015 for the sole purpose of acquiring the CynoGen Shares. MDI has no operations, no employees, and no Indebtedness or other liabilities. At the Closing, the only asset of MDI will be the CynoGen Shares.
Lack of Operating History. The Limited Partnership was formed for the purpose of indirectly investing in the Property through the acquisition and ownership of the USLP Units, and, apart from formation activities and activities related to the Offering described herein, the Limited Partnership owns and intends to own no assets other than the USLP Units and has no operations or history of investment. The Limited Partnership’s success is thus dependent upon the Property related factors discussed above, and the extent to which the USLP is able to sell the Property at a price in excess of its acquisition, holding, and operating costs.
Lack of Operating History. As set forth above, the Company is a newly-formed entity and has no operating history. The Manager of the Company is two individuals with prior operating history. Since The Company will occupy a yet-to-be purchased property that has not been previously occupied, it's desirability as a hospitality location cannot be predicted with any reasonable certainty. Further, since the Company has not yet developed or produced the spirit line, there is no guarantee there will be sufficient consumer interest to make the line profitable. Factors which may contribute to the success of the Company include its location in Ulster County, New York and competition in the spirit market. The Company has not undertaken any market studies to determine the statistical suitability of the location or the operation. The Company must attract, hire, and train a number of new employees in a variety of roles, including distillery operators, farm operation personnel, hotel staff, and support personnel. The Company has not yet employed or trained any key personnel in management roles.
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Lack of Operating History. Investor understands that the Company is a development stage corporation and that the total amount of funds tendered to purchase the Securities are placed at risk of the business and may be completely lost.
Lack of Operating History. The Company is a start-up company and has no operating history. The Company is faced not only with general risks associated with any new business venture, but also special risks inherent in its prospective plan of business; the Company may not be successful or profitable.

Related to Lack of Operating History

  • Date of Operation 3.1 This Agreement remains in force until 2/7/2027. The agreement will continue to apply beyond its expiration date until it is replaced in accordance with the FW Act.

  • Statement of Operations Statement of Changes in Net Assets.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • Hours of Operation You can access automated account information through the Service 7 days a week, 24 hours a day. There may be times, however, when all or part of the Service is unavailable due to system outages or maintenance. We assume no responsibility for any damage or delay that may result from such unavailability.

  • Change of Operations Uniforms To: Members of Local Union 295 Dear Brothers and Sisters: As you know, we have a tentative agreement for the UPS Cartage Services, Inc. Supplemental Agreement. Article 2 of the re-negoti- ated CSI Supplement outlines the National Master UPS Agreement (NMA) Articles that may be applied to your Addendum. You will note that several NMA articles are not applicable. These are sub- jects that are either addressed in the CSI Supplement or are not op- erationally applicable to CSI. Where there are two provisions covering the same subject, one in the Local Addendum and one in the National Master UPS Agree- ment, the following provisions of the National Master UPS Agree- ment shall apply:

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • TRANSFER OF OPERATIONS Purchaser shall be entitled to immediate possession of, and to exercise all rights arising under, the Assets from and after the time that the Restaurants open for business on the Closing Date, and operation of the Restaurants shall transfer at such time (the "Effective Time"). Except as expressly provided in this Agreement, all profits, losses, liabilities, claims, or injuries arising before the Effective Time shall be solely to the benefit or the risk of Seller. All such occurrences after the Effective Time shall be solely to the benefit or the risk of Purchaser. The risk of loss or damage by fire, storm, flood, theft, or other casualty or cause shall be in all respects upon Seller prior to the Effective Time and upon the Purchaser thereafter.

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