Common use of No Undisclosed Debt Clause in Contracts

No Undisclosed Debt. Since its date of incorporation, Buyer has had no operations except in connection with effecting the Consolidation Transactions and preparing for operation of its business after the Closing. Buyer has no material tangible assets, and except as set forth on Schedule 3.6, Buyer has no material liabilities or obligations for borrowed money or payment for services rendered to Buyer. From and after the Closing, Buyer or its Affiliates may have liabilities or obligations for money borrowed to effect the Consolidation Transactions and as a result of acquisitions by Buyer in the Consolidation Transactions, and Buyer makes no representations or warranties about any such liabilities or obligations or the absence thereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Eps Solutions Corp)

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No Undisclosed Debt. Since its date of incorporation, incorporation Buyer has had no operations except operations in connection with effecting the Consolidation Transactions and preparing for operation of its business after the Closing. Buyer has no material tangible assets, and except as set forth on Schedule 3.6, Buyer has no material liabilities or obligations for borrowed money or payment for services rendered to Buyer. From and after the Closing, Buyer or its Affiliates may have liabilities or obligations for money borrowed to effect the Consolidation Transactions and as a result of acquisitions by Buyer in the Consolidation Transactions, and Buyer makes no representations or warranties about any such liabilities or obligations or the absence thereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Eps Solutions Corp)

No Undisclosed Debt. Since its date of incorporation, Buyer has had no operations except operations in connection with effecting the Consolidation Transactions and preparing for operation of its business after the Closing. Buyer has no material tangible assetsmaterial, and except as set forth on Schedule 3.6, Buyer has no material liabilities or obligations for borrowed money or payment for services rendered to Buyer. From and after the Closing, Buyer or its Affiliates may have liabilities or obligations for money borrowed to effect the Consolidation Transactions and as a result of acquisitions by Buyer in the Consolidation Transactions, and Buyer makes no representations or warranties about any such liabilities or obligations or the absence thereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Eps Solutions Corp)

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No Undisclosed Debt. Since its date of incorporation, Buyer has had no operations except in connection with effecting the Consolidation Consideration Transactions and preparing for operation of its business after the Closing. Buyer has no material tangible assets, and except as set forth on Schedule 3.6, Buyer has no material liabilities or obligations for borrowed money or payment for services rendered to Buyer. From and after the Closing, Buyer or its Affiliates may have liabilities or obligations for money borrowed to effect the Consolidation Transactions and as a result of acquisitions by Buyer in the Consolidation Transactions, and Buyer makes no representations or warranties about any such liabilities or obligations or the absence thereof.

Appears in 1 contract

Samples: Securities Purchase Agreement (Eps Solutions Corp)

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