No Material Obligations Clause Samples
No Material Obligations. MRT will not enter into any material obligations relating to the Properties without the consent of PAN AMERICAN. Material obligations do not include expenses incurred in the normal course of operations.
No Material Obligations. No Seller is bound by, and none of the Assets are subject to, any liabilities, obligations or restrictions, imposed by, or in connection with, the federal bankruptcy proceeding under Chapter 11 of the United States Bankruptcy Code instituted by ▇▇▇▇▇ Consulting, Inc. in 1993, except for certain obligations to make future payments to third parties that (i) are reflected on Sellers' Balance Sheet and (ii) do not in the aggregate exceed $10,000.