Common use of No Liabilities or Debts Clause in Contracts

No Liabilities or Debts. The Company is not a guarantor of any indebtedness of any other person, firm or corporation, and, except as disclosed on the Financial Statements, there are no liabilities or debts of the Company of any kind whatsoever, whether accrued, contingent, absolute, determined, determinable or otherwise, and there is no existing condition, situation or set of circumstances which could reasonably be expected to result in such a liability or debt.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Mattmar Minerals Inc), Common Stock Purchase Agreement (Aerobic Creations, Inc.)

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No Liabilities or Debts. The Company is not a guarantor of any indebtedness of any other person, firm or corporation, and, except as disclosed on the Financial Statementsfinancial statements previously delivered to Purchaser, there are no liabilities or debts of the Company of any kind whatsoever, whether accrued, contingent, absolute, determined, determinable or otherwise, and there is no existing condition, situation or set of circumstances which could reasonably be expected to result in such a liability or debt.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Xiangtian (Usa) Air Power Co., Ltd.)

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No Liabilities or Debts. The Company is not a guarantor of any indebtedness of any other person, firm or corporation, and, except as disclosed on the Financial Statements, there are no liabilities or debts of the Company of any kind whatsoever, whether accrued, contingent, absolute, determined, determinable or otherwise, and there is no existing condition, situation or set of circumstances which could reasonably be expected to result in such a liability or debt.

Appears in 1 contract

Samples: Purchase Agreement (First Colombia Development Corp.)

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