Common use of No Adverse Events Clause in Contracts

No Adverse Events. Since the date of the SURGE Financial Statements: (i) there has not been any material adverse change in the consolidated financial position or condition of SURGE, its subsidiaries, its liabilities or the SURGE Assets or any damage, loss or other change in circumstances materially affecting SURGE, the SURGE Business or the SURGE Assets or SURGE’s right to carry on the SURGE 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 SURGE, the SURGE Business or the SURGE Assets, (iii) there has not been any material increase in the compensation payable or to become payable by SURGE to the SURGE Shareholders or to any of SURGE's officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the SURGE Business has been and continues to be carried on in the ordinary course, (v) neither SURGE nor its subsidiaries have waived or surrendered any right of material value, (vi) neither SURGE nor its subsidiaries have has 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 $25,000 in total have been authorized or made;

No Adverse Events. Since the date of the SURGE NewCardio Financial Statements: (i) there has not been any material adverse change in the consolidated financial position or condition of SURGE, its subsidiariesNewCardio, its liabilities or the SURGE NewCardio Assets or any damage, loss or other change in circumstances materially affecting SURGENewCardio, the SURGE NewCardio Business or the SURGE NewCardio Assets or SURGENewCardio’s right to carry on the SURGE NewCardio 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 SURGENewCardio, the SURGE NewCardio Business or the SURGE NewCardio Assets, (iii) there has not been any material increase in the compensation payable or to become payable by SURGE NewCardio to the SURGE NewCardio Shareholders or to any of SURGENewCardio's officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the SURGE NewCardio Business has been and continues to be carried on in the ordinary course, (v) neither SURGE nor its subsidiaries have NewCardio has not waived or surrendered any right of material value, (vi) neither SURGE nor its subsidiaries have NewCardio 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 $25,000 30,000 in total have been authorized or made;

No Adverse Events. Since the date of the SURGE Huron Financial Statements: (i) there has not been any material adverse change in the consolidated financial position or condition of SURGEHuron, its subsidiariesthe Acquirer, its liabilities or the SURGE Huron Assets or any damage, loss or other change in circumstances materially affecting SURGEHuron, the SURGE Huron Business or the SURGE Huron Assets or SURGE’s Huron' right to carry on the SURGE Huron Business, other than (i) the conversion of 600 shares of Series A Convertible Preferred Stock and (ii) 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 SURGEHuron, its subsidiaries, the SURGE Huron Business or the SURGE Huron Assets, (iii) there has not been any material increase in the compensation payable or to become payable by SURGE to the SURGE Shareholders or Huron to any of SURGE's Huron' officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the SURGE Huron Business has been and continues to be carried on in the ordinary course, (v) neither SURGE nor its subsidiaries have Huron has not waived or surrendered any right of material value, (vi) neither SURGE Huron nor its subsidiaries the Acquirer have has 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 $25,000 30,000 in total have been authorized or made;.

No Adverse Events. Since the date of the SURGE BTRNet Financial Statements: (i) there has not been any material adverse change Material Adverse Change in the consolidated financial position or condition of SURGE, its subsidiariesBTRNet, its liabilities or the SURGE BTRNet Assets or any damage, loss or other change in circumstances materially affecting SURGEBTRNet, the SURGE BTRNet Business or the SURGE BTRNet Assets or SURGEBTRNet’s right to carry on the SURGE BTRNet 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 SURGEBTRNet, the SURGE BTRNet Business or the SURGE BTRNet Assets, (iii) there has not been any material increase in the compensation payable or to become payable by SURGE BTRNet to the SURGE BTRNet Shareholders or to any of SURGEBTRNet's officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the SURGE BTRNet Business has been and continues to be carried on in the ordinary course, (v) neither SURGE nor its subsidiaries have BTRNet has not waived or surrendered any right of material value, (vi) neither SURGE nor its subsidiaries have BTRNet has 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 $25,000 30,000 in total have been authorized or made;

No Adverse Events. Since the date of the SURGE APOLLO Financial Statements: (i) there has not been any material adverse change in the consolidated financial position or condition of SURGE, its subsidiariesAPOLLO, its liabilities or the SURGE APOLLO Assets or any damage, loss or other change in circumstances materially affecting SURGEAPOLLO, the SURGE APOLLO Business or the SURGE APOLLO Assets or SURGEAPOLLO’s right to carry on the SURGE APOLLO 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 SURGEAPOLLO, the SURGE APOLLO Business or the SURGE APOLLO Assets, (iii) there has not been any material increase in the compensation payable or to become payable by SURGE APOLLO to the SURGE APOLLO Shareholders or to any of SURGE's APOLLO’s officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the SURGE APOLLO Business has been and continues to be carried on in the ordinary course, (v) neither SURGE nor its subsidiaries have APOLLO has not waived or surrendered any right of material value, (vi) neither SURGE nor its subsidiaries have APOLLO 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 $25,000 30,000 in total have been authorized or made;

No Adverse Events. Since the date of the SURGE Retirement Financial Statements: (i) there has not been any material adverse change in the consolidated financial position or condition of SURGE, its subsidiariesRetirement, its liabilities or the SURGE Retirement Assets or any damage, loss or other change in circumstances materially affecting SURGERetirement, the SURGE Retirement Business or the SURGE Retirement Assets or SURGERetirement’s right to carry on the SURGE Retirement 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 SURGERetirement, the SURGE Retirement Business or the SURGE Retirement Assets, (iii) there has not been any material increase in the compensation payable or to become payable by SURGE Retirement to the SURGE Retirement Shareholders or to any of SURGE's Retirement’s officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the SURGE Retirement Business has been and continues to be carried on in the ordinary course, (v) neither SURGE nor its subsidiaries have Retirement has not waived or surrendered any right of material value, (vi) neither SURGE nor its subsidiaries have Retirement 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 $25,000 30,000 in total have been authorized or made;