Common use of No Adverse Events Clause in Contracts

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

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

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

No Adverse Events. Since the date of the Cirus Torch Financial Statements (i) there has not been any material adverse change in the consolidated financial position or condition of CirusTorch, its subsidiaries, its liabilities or the Cirus Torch Assets or any damage, loss or other change in circumstances materially affecting CirusTorch, the Cirus Torch Business or the Cirus Torch Assets or CirusTorch' right to carry on the Cirus Torch 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 CirusTorch, its subsidiaries, the Cirus Torch Business or the Cirus Torch Assets, (iii) there has not been any material increase in the compensation payable or to become payable by Cirus Torch to any of CirusTorch' officers, employees or agents or any bonus, payment or arrangement made to or with any of them, except for the repayment of the loan to Xxxxx Xxxxxxx and the redemption of the share of Torch held by Xxxxx Xxxxxxx which will be repaid and redeemed, respectively, before Closing, (iv) the Cirus Torch Business has been and continues to be carried on in the ordinary course, (v) Cirus Torch has not waived or surrendered any right of material value, (vi) Neither Cirus neither Torch nor its subsidiaries have 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;.

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