Common use of No Adverse Events Clause in Contracts

No Adverse Events. Since the date of the Boundless Financial Statements (i) there has not been any material adverse change in the financial position or condition of Boundless, its subsidiaries, its liabilities or the Boundless Assets or any damage, loss or other change in circumstances materially affecting Boundless, the Boundless Business or the Boundless Assets or Boundless’ right to carry on the Boundless 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 Boundless, its subsidiaries, the Boundless Business or the Boundless Assets, (iii) there has not been any material increase in the compensation payable or to become payable by Boundless to any of Boundless’ officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the Boundless Business has been and continues to be carried on in the ordinary course, (v) Boundless has not waived or surrendered any right of material value, (vi) Neither Boundless 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 $25,000 in total have been authorized or made;

Appears in 2 contracts

Samples: Merger Agreement (Surge Technologies Corp), Merger Agreement (Surge Technologies Corp)

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No Adverse Events. Since Except as otherwise disclosed to Cornerworld, since the date of the Boundless Leadstream Recent Financial Statements: (i) there has not been any material adverse change in the consolidated financial position or condition of Boundless, its subsidiariesLeadstream, its liabilities or the Boundless Leadstream Assets or or, to the knowledge of Leadstream, any damage, loss or other change in circumstances materially affecting BoundlessLeadstream, the Boundless Leadstream Business or the Boundless Leadstream Assets or Boundless’ Leadstream’s right to carry on the Boundless Leadstream Business, other than changes in the ordinary course of business, (ii) to the knowledge of Leadstream, there has not been any damage, destruction, loss or other event (whether or not covered by insurance) materially and adversely affecting Boundless, its subsidiariesLeadstream, the Boundless Leadstream Business or the Boundless Leadstream Assets, (iii) there has not been any material increase in the compensation payable or to become payable by Boundless Leadstream to the Leadstream Members or to any of Boundless’ Leadstream’s officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the Boundless Leadstream Business has been and continues to be carried on in the ordinary course, (v) Boundless Leadstream has not waived or surrendered any right of material value, (vi) Neither Boundless nor its subsidiaries have Leadstream 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;

Appears in 1 contract

Samples: Share Exchange Agreement (Cornerworld Corp)

No Adverse Events. Since the date of the Boundless Coventure Financial Statements (i) there has not been any material adverse change in the consolidated financial position or condition of BoundlessCoventure, its subsidiaries, its liabilities or the Boundless Coventure Assets or any damage, loss or other change in circumstances materially affecting BoundlessCoventure, the Boundless Coventure Business or the Boundless Coventure Assets or Boundless’ Coventure' right to carry on the Boundless Coventure 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 BoundlessCoventure, its subsidiaries, the Boundless Coventure Business or the Boundless Coventure Assets, (iii) there has not been any material increase in the compensation payable or to become payable by Boundless Coventure to any of Boundless’ Coventure' officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the Boundless Coventure Business has been and continues to be carried on in the ordinary course, (v) Boundless Coventure has not waived or surrendered any right of material value, (vi) Neither Boundless neither Coventure 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 $25,000 30,000 in total have been authorized or made;.

Appears in 1 contract

Samples: Securities Offering Agreement (Coventure International Inc)

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No Adverse Events. Since the date of the Boundless Lightcollar Financial Statements (i) there has not been any material adverse change in the consolidated financial position or condition of BoundlessLightcollar, its subsidiaries, its liabilities or the Boundless Lightcollar Assets or any damage, loss or other change in circumstances materially affecting BoundlessLightcollar, the Boundless Lightcollar Business or the Boundless Lightcollar Assets or BoundlessLightcollar’ right to carry on the Boundless Lightcollar 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 BoundlessLightcollar, its subsidiaries, the Boundless Lightcollar Business or the Boundless Lightcollar Assets, (iii) there has not been any material increase in the compensation payable or to become payable by Boundless Lightcollar to any of BoundlessLightcollar’ officers, employees or agents or any bonus, payment or arrangement made to or with any of them, (iv) the Boundless Lightcollar Business has been and continues to be carried on in the ordinary course, (v) Boundless Lightcollar has not waived or surrendered any right of material value, (vi) Neither Boundless neither Lightcollar 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 $25,000 30,000 in total have been authorized or made;.

Appears in 1 contract

Samples: Share Exchange Agreement (Ems Find, Inc.)

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