Common use of No Undisclosed Liabilities or Obligations Clause in Contracts

No Undisclosed Liabilities or Obligations. Target has no obligations or liabilities of any nature (absolute, accrued, contingent or otherwise, and whether due or to become due, herein "liabilities") except (i) liabilities which are fully reflected or reserved against the Target Balance Sheet, which reserves are appropriate and reasonable, (ii) liabilities incurred in the ordinary course of business and consistent with past practice since the date of the Target Balance Sheet; and (iii) as otherwise set forth in paragraph 2.09 of the Target Disclosure Schedule.

Appears in 3 contracts

Samples: Merger Agreement (Achievement Investments Inc), Merger Agreement (Inid Corp), Merger Agreement (Inid Corp)

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No Undisclosed Liabilities or Obligations. Target has no obligations or liabilities of any nature (absolute, accrued, contingent or otherwise, and whether due or to become due, herein "liabilities") except (i) liabilities which are fully reflected or reserved against the Target Balance Sheet, which reserves are appropriate and reasonable, (ii) liabilities incurred in the ordinary course of business and consistent with past practice since the date of the Target Balance Sheet; and (iii) as otherwise set forth in paragraph 2.09 of the Target Disclosure Schedule.. (iv) as otherwise set forth in Target Financials Statements, i.e. Convertible and Redeemable Notes Payable

Appears in 1 contract

Samples: Merger Agreement (Stone Field Management Co)

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