Common use of No Liabilities and No Business Activities Clause in Contracts

No Liabilities and No Business Activities. Save as contemplated under this Agreement, it has no liabilities of any nature howsoever arising, is not involved in any litigation whether as plaintiff or defendant, has no Assets and is not carrying on any business of any nature.

Appears in 2 contracts

Samples: Purchase Agreement (XINHUA SPORTS & ENTERTAINMENT LTD), Purchase Agreement (Xinhua Finance Media LTD)

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No Liabilities and No Business Activities. Save as contemplated under this AgreementAgreement and as disclosed in the Disclosure Schedule, it has no liabilities of any nature howsoever arising, is not involved in any litigation whether as plaintiff or defendant, has no Assets assets and is not carrying on any business of any nature.

Appears in 1 contract

Samples: Purchase Agreement (Xinhua Finance Media LTD)

No Liabilities and No Business Activities. Save as contemplated under this Agreement, it has no liabilities of any nature howsoever arising, is not involved in any litigation whether as plaintiff or defendant, has no Assets assets and is not carrying on any business of any nature.

Appears in 1 contract

Samples: Purchase Agreement (Xinhua Finance Media LTD)

No Liabilities and No Business Activities. Save as contemplated under this Agreement, the Loan Agreement and the Ancillary Share Agreements, it has no liabilities of any nature howsoever arising, is not involved in any litigation whether as plaintiff or defendant, has no Assets assets and is not carrying on any business of any nature.

Appears in 1 contract

Samples: Loan and Purchase Agreement (Xinhua Finance Media LTD)

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No Liabilities and No Business Activities. Save as contemplated under this Agreementthe Related Agreements, it has no liabilities of any nature howsoever arising, is not involved in any litigation whether as plaintiff or defendant, has no Assets assets and is not carrying on any business of any nature.

Appears in 1 contract

Samples: Loan and Purchase Agreement (Xinhua Finance Media LTD)

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