Common use of Liabilities Clause in Contracts

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of knowledge no material contingent liabilities liabilities, [not disclosed in the Financial Statements], except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which that have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statementsliabilities, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledgeKnowledge, knows of no material contingent liabilities liabilities, either of which are not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course Ordinary Course of business Business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not otherwise disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Except as set forth in the Schedule of Exceptions, the Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not beenare not, either in any individual case individually or in the aggregate, materially adversematerial to the business, assets, properties, operations, prospects or financial condition of the Company.

Liabilities. The Except as set forth in the Financial Statements, the Company has no material liabilities and, to the best of its knowledgeKnowledge, knows of no material contingent liabilities not disclosed in the Financial Statementsliabilities, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of has no material contingent liabilities not otherwise disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.to

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of knowledge no material contingent liabilities liabilities, not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which that have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of has no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not beenhad, either in any individual case or in the aggregate, a materially adverseadverse effect on the Company.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not liabilities, in each case except as disclosed in the Financial Statements, Statements and except for current liabilities incurred in the ordinary course of business subsequent to the Statement Date which that have not been, either in any individual case or in the aggregate, materially adversematerial.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Past Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date March Balance Sheet which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, the Company knows of no material contingent liabilities not disclosed in the Latest Financial StatementsStatements or SEC Reports, except current liabilities incurred in the ordinary course of business subsequent to the Latest Statement Date which that have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date Date, which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverseadverse and in any event, has no liabilities in the aggregate in excess of $25,000.

Liabilities. The Company has no material liabilities and, to the best knowledge of its knowledgethe Company and the Langs, knows of there are no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.adverse to the Company. The Company has not assumed, by contract, agreement, operation or law or otherwise, any material obligations of Landacorp UK Ltd.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of has no material contingent liabilities not otherwise disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities andliabilities, to the best of its knowledgecontingent or otherwise, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adversematerial to the financial condition or operation of the Company. The Company maintains and will continue to maintain a standard system of accounting established and administered in accordance with generally accepted accounting principles.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date Date, which have not been, either in any individual case or in the aggregate, materially adverseadverse to the financial condition or operating results of the Company.

Liabilities. The Company has and its Subsidiaries have no material liabilities and, to and the best of its knowledge, Company knows of no material contingent liabilities not required to be disclosed in the Financial StatementsStatements that are not so disclosed, except current liabilities incurred in the ordinary course of business consistent with past practice subsequent to the Statement Date which have not been, either in any individual case or in date of the aggregate, materially adverseFinancial Statements.

Liabilities. The Company has no material liabilities not disclosed in the Memorandum and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial StatementsMemorandum, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date date of the Memorandum which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, the Company knows of no material contingent liabilities not disclosed in the Financial StatementsBalance Sheet, except current liabilities incurred in the ordinary course of business subsequent to the Statement Balance Sheet Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, the Company knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Balance Sheet Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities liabilities, not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Balance Sheet Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities andwhether accrued, absolute, contingent, known or unknown or due or to the best of its knowledge, knows of no material contingent liabilities become due not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date December 31, 1998 which have not been, either in any individual case or in the aggregate, materially adverseadverse and in any event, has no liabilities in the aggregate in excess of $25,000.

Liabilities. The Company has no material liabilities and, to ----------- the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Balance Sheet Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not liabilities, in each case except as disclosed in the Financial StatementsStatements or in Forms 8-K filed since September 30, 2007 and except for current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have that are not beenmaterial, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledgethe Company's Knowledge, knows of no material contingent liabilities liabilities, in each case not disclosed in the Financial Statements, except (i) current liabilities incurred in the ordinary course of business subsequent to since the Statement Date which Date, and (ii) liabilities of a type or nature not required under the Framework to be reflected in the Financial Statements, which, in all such cases, have not beenhad, either in any individual case or in the aggregate, materially adversea Material Adverse Effect on the Company.

Liabilities. The Company has no material obligations or liabilities and, to the best of its knowledge, knows of no material contingent liabilities that are not disclosed or reflected in the Company Financial Statements, except current liabilities incurred incurred, and obligations entered into, in the ordinary course of business subsequent to the Company Statement Date which have not been, either in any individual case or in the aggregate, materially adverseDate.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not Except as disclosed in the Financial StatementsStatements or on Schedule 4.7, the Company has no liabilities, actual or contingent, except current for liabilities incurred that have arisen in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in Company's Business from and after the aggregate, materially adversedate of the most recent Financial Statements.

Liabilities. The Company has no material liabilities and, to the best of its ----------- knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date date of the Financial Statements which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Except as set forth on the Company's financial statements or incurred in the ordinary course of business, since September 30, 2001, the Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statementsliabilities, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adversematerial.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, and knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date December 31, 2001, which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities Liabilities and, to the best of its knowledgeknowledge no contingent Liabilities, knows of no material contingent liabilities not disclosed in the Financial Statements, except the Company Convertible Notes and current liabilities Liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverseDate.

Liabilities. The Except as provided for in the Company's financial statements for the period ending August 31, 2002 (which have been supplied to the Purchaser), the Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statementsliabilities, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not beenhad and are not expected to have, either in any individual case or in the aggregate, a materially adverseadverse effect on the Company or its business.

Liabilities. The Company has no material obligations or liabilities and, to the best of its knowledge, knows of no material contingent liabilities and not disclosed in the Company Financial Statements, except current liabilities incurred incurred, and obligations entered into, in the ordinary course of business subsequent to the Company Statement Date which have not been, either in any individual case or in the aggregate, materially adverseDate.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date March 31, 1998, which have not been, either in any individual case or in the aggregate, materially adverseaggregate do not exceed $100,000.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date May 7, 1998, which have not been, either in any individual case or in the aggregate, materially adverseadverse to the financial condition or operating results of the Company.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except for current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adversebusiness.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial StatementsBalance Sheet, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case individually or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, which would have a material adverse effect on the financial condition or operating results of the Company, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not beenhad, either in any individual case or in the aggregate, materially adversea material adverse effect on the financial condition or operating results of the Company.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, and knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date August 31, 2001, which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date March 31, 1997, which have not been, either in any individual case or in the aggregate, materially adverseaggregate do not exceed $100,000.

Liabilities. The Company has no material liabilities andwhether accrued, absolute, contingent, known or unknown or due or to the best of its knowledge, knows of no material contingent liabilities become due not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date September 30, 1999 which have not been, either in any individual case or in the aggregate, materially adverse. In any event, the Company has no liabilities in the aggregate in excess of $25,000.

Liabilities. The Company has and its Subsidiaries have no material liabilities and, to and the best of its knowledge, Company knows of no material contingent liabilities not disclosed in the Financial Statements, except (a) current liabilities incurred in the ordinary course of business consistent with past practice subsequent to the Statement Date Financial Statements which have do not beenconstitute a Material Adverse Effect, either in and (b) the obligation to pay fees and expenses of the Company’s attorneys, accountants and any individual case or in other advisors relating to the aggregate, materially adversetransactions contemplated by this Agreement.

Liabilities. The Company has no material liabilities and, to the best of its knowledgeknowledge after making due inquiry, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have will not beenhave, either in any individual case or in the aggregate, materially adversea Material Adverse Effect.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statementsliabilities, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Past Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date June Balance Sheet which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to and the best Company is not aware of its knowledge, knows of no material any contingent liabilities of the Company which are not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the ----------- best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not beenthat might result in, either in any individual case or in the aggregate, materially adversea Material Adverse Effect.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not liabilities, in each case except as disclosed in the Financial Statements, Statements except for current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have that are not beenmaterial, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities andliabilities, to the best and is not aware of its knowledge, knows of no any material contingent liabilities not disclosed in the Financial StatementsBalance Sheet, except current liabilities incurred in the ordinary course of business subsequent to the Statement Balance Sheet Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not otherwise disclosed in writing to the Financial StatementsPurchasers, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial StatementsFinancials, except current liabilities incurred in the ordinary course of business subsequent to the Statement Statements Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except (i) current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have and (ii) obligations under contracts and commitments incurred in the ordinary course of business and not beenrequired under GAAP to be reflected in the Financial Statements, which, in both cases, either in any individual case or in the aggregate, materially adversewould not have a material adverse effect on the Company’s assets, financial condition, prospects or operations.

Liabilities. The Except as reflected in the Latest Financial Statements, the Company has no material liabilities and, to the best of its knowledge, the Company knows of no material contingent liabilities not disclosed in the Latest Financial StatementsStatements or SEC Reports, except current liabilities incurred in the ordinary course of business subsequent to the Latest Statement Date which that have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, and knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date March 31, 2000, which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, the Company knows of no material contingent liabilities not disclosed in the Financial StatementsLatest Balance Sheet, except current liabilities incurred in the ordinary course of business subsequent to the Statement Balance Sheet Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not beenthat might result in, either in any individual case or in the aggregate, materially adversea Material Adverse Effect.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of knowledge no material contingent liabilities liabilities, not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date Date, which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, the Company knows of no material contingent liabilities liabilities, not disclosed in the Latest Financial StatementsStatements or SEC Reports, except current liabilities incurred in the ordinary course of business subsequent to the Latest Statement Date which that have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not liabilities, in each case except as disclosed in the Financial StatementsStatements or in Forms 8-K filed since September 30, 2009 and except for current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have that are not beenmaterial, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities not required under generally accepted accounting principles to be reflected in the Financial Statements and incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not liabilities, in each case except as disclosed in the Financial Statements, Statements and except for current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have that are not beenmaterial, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed to the Purchasers in the Financial Statementswriting, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverseadverse to the financial condition or operating results of the Company.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not otherwise disclosed in to the Financial StatementsPurchasers, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverseadverse to the financial condition or operating results of the Company.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, the Company knows of no material contingent liabilities liabilities, not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Balance Sheet Date which have not been, either in any individual case or in the aggregate, materially adverse.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities liabilities, not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date which have not been, either in any individual case or in the aggregate, materially adverseadverse and in any event, has no liabilities in the aggregate in excess of $25,000.

Liabilities. The Company has no material liabilities and, to the best of its knowledge, knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date September 30, 1999, which have not been, either in any individual case or in the aggregate, materially adverse.adverse to the financial condition or operating results of the Company,

Liabilities. The Company has no material liabilities and, to the best of its knowledge, and knows of no material contingent liabilities not disclosed in the Financial Statements, except current liabilities incurred in the ordinary course of business subsequent to the Statement Date June 30, 2003, which have not been, either in any individual case or in the aggregate, materially adverse.