Material Liabilities. Except as reflected in the Financial Statements (as defined in Section 2.18 below), the Company has no material liability or obligation, absolute or contingent (known or unknown) except (i) obligations and liabilities incurred after the Statement Date (as defined herein) incurred in the Company’s ordinary course of business that are not material, individually or in the aggregate, to the Company and (ii) obligations under agreements or arrangements made in the Company’s ordinary course of the business but solely to the extent set forth on Schedule 2 pursuant to Section 2.12.
Appears in 3 contracts
Samples: Senior Convertible Demand Promissory Note Purchase Agreement, Senior Subordinated Convertible Demand Promissory Note Purchase Agreement (Rib X Pharmaceuticals Inc), Senior Convertible Demand Promissory Note Purchase Agreement (Rib X Pharmaceuticals Inc)
Material Liabilities. Except as reflected in set forth on Subsection 2.11 of the Financial Statements (as defined in Section 2.18 below)Disclosure Schedule, the Company has no material liability or obligation, absolute or contingent (known individually or unknown) in the aggregate), except (i) obligations and liabilities incurred after the Statement Date (as defined herein) incurred date of incorporation in the Company’s ordinary course of business that are not material, individually or in the aggregate, to the Company and (ii) obligations under agreements or arrangements contracts made in the Company’s ordinary course of the business but solely that would not be required to the extent set forth on Schedule 2 pursuant to Section 2.12be reflected in financial statements prepared in accordance with generally accepted accounting principles.
Appears in 3 contracts
Samples: Series a Preferred Stock Purchase Agreement (Kindara, Inc.), Series a Preferred Stock Purchase Agreement (Kindara, Inc.), Series a Preferred Stock Purchase Agreement (Kindara, Inc.)
