Common use of Payments and Accruals Clause in Contracts

Payments and Accruals. With respect to the Profit Sharing Plan and the Other Plans (the "PLANS"), all required or recommended (in accordance with historical practices) payments, premiums, contributions, reimbursements or accruals for all periods (or partial periods) ending prior to or as of the Closing shall have been made or properly accrued on the Latest Balance Sheet. None of the Plans has any material unfunded liabilities which are not reflected on the Latest Balance Sheet.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Corechange Inc), Purchase Agreement (Corechange Inc)

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Payments and Accruals. With respect to the Profit Sharing Plan and the Other Plans (the "PLANS")Plans, all required --------------------- or recommended (in accordance with historical practices) payments, premiums, contributions, reimbursements or accruals for all periods (or partial periods) ending prior to or as of the Closing shall have been made or properly accrued on the Latest Balance Sheet. None of the Plans has any material unfunded liabilities which are not reflected on the Latest Balance Sheet.

Appears in 1 contract

Samples: Purchase Agreement (L90 Inc)

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Payments and Accruals. With respect to the Profit Sharing Plan and the Other Plans (the "PLANS")Plans, all --------------------- required or recommended (in accordance with historical practices) payments, premiums, contributions, reimbursements or accruals for all periods (or partial periods) ending prior to or as of the Closing shall have been made or properly accrued on the Latest Balance Sheet. None of the Plans has any material unfunded liabilities which are not reflected on the Latest Balance Sheet.

Appears in 1 contract

Samples: Purchase Agreement (L90 Inc)

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