Common use of No Adverse Events Clause in Contracts

No Adverse Events. Since the date of the Kraft Financial Statements: (i) there has not been any material adverse change in the consolidated financial position or condition of Kraft, its liabilities or the Kraft Assets or any damage, loss or other change in circumstances materially affecting Kraft, the Kraft Business or the Kraft Assets or Kraft's right to carry on the Kraft Business, other than changes in the ordinary course of business, (ii) there has not been any damage, destruction, loss or other event (whether or not covered by insurance) materially and adversely affecting Kraft, the Kraft Business or the Kraft Assets, (iii) there has not been any material increase in the compensation payable or to become payable by Kraft to the Kraft Shareholders or to any of Kraft's officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the Kraft Business has been and continues to be carried on in the ordinary course, (v) Kraft has not waived or surrendered any right of material value, (vi) Kraft has not discharged or satisfied or paid any lien or encumbrance or obligation or liability other than current liabilities in the ordinary course of business, and (vii) no capital expenditures in excess of $10,000 individually or $30,000 in total have been authorized or made;