Common use of Post Balance Sheet Events Clause in Contracts

Post Balance Sheet Events. 4.1 The Company has since the Accounts Date carried on its business in the ordinary and usual course without any interruption or alteration in the nature, scope or manner of the business and under its own name and has not (other than in the ordinary course of business) parted with any of its assets. 4.2 The business of the Company has not since the Accounts Date been materially and adversely affected by the loss of any client or customer or source or employee or employees or by any abnormal factor not likewise affecting similar businesses and there has been no material change in the turnover, financial, contractual or trading position of the Company. 4.3 Since the Accounts Date no change has been made in the basis of remuneration of any directors agents or employees of the Company and the Company has not made or paid any compensation (whether in money or otherwise) to any director officer or employee of the Company by way of compensation for loss of office termination of employment unfair or wrongful dismissal redundancy or otherwise howsoever nor has agreed so to do. 4.4 Other than in the ordinary course of business the Company has not since the Accounts Date assumed or incurred any material liabilities (including contingent liabilities). 4.5 The Company has not since the Accounts Date made or agreed to make any donation for political or charitable purposes nor made or agreed to make any covenant to such effect. 4.6 Since the Accounts Date the Company has not acquired or agreed to acquire any asset for a consideration which is materially higher than market value at the time of acquisition and has not disposed of or agreed to dispose of any asset for a consideration which is materially lower than market value or book value, whichever is the higher, at the time of disposal. 4.7 Since the Accounts Date there have been no unusual increases or decreases in stock levels. 4.8 Since the Accounts Date no distribution of capital or income has been declared, made or paid in respect of any share in the capital of the Company.

Appears in 2 contracts

Samples: Acquisition Agreement (Transmedia Europe Inc), Acquisition Agreement (Transmedia Asia Pacific Inc)

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Post Balance Sheet Events. 4.1 The Company has since the Accounts Date carried on its business in the ordinary and usual course without any interruption or alteration in the nature, scope or manner of the business and under its own name and has not (other than in the ordinary course of business) parted with any of its assets. 4.2 The business of the Company has not since the Accounts Date been materially and adversely affected by the loss of any client or customer or source or employee or employees or by any abnormal factor not likewise affecting similar businesses and there has been no material change in the turnover, financial, contractual or trading position of the Company. 4.3 Since the Accounts Date no change has been made in the basis of remuneration of any directors agents or employees of the Company and the Company has not made or paid any compensation (whether in money or otherwise) to any director officer or employee of the Company by way of compensation for loss of office termination of employment unfair or wrongful dismissal redundancy or otherwise howsoever nor has agreed so to do. 4.4 Other than in the ordinary course of business the Company has not since the Accounts Date assumed or incurred any material liabilities (including contingent liabilities). 4.5 The Company has not since the Accounts Date made or agreed to make any donation for political or charitable purposes nor made or agreed to make any covenant to such effect. 4.6 Since the Accounts Date the Company has not acquired or agreed to acquire any asset for a consideration which is materially higher than market value at the time of acquisition and has not disposed of or agreed to dispose of any asset for a consideration which is materially lower than market value or book value, whichever is the higher, at the time of disposal. 4.7 Since the Accounts Date there have been no unusual increases or decreases in stock levels. 4.8 Since the Accounts Date no distribution of capital or income has been declared, made or paid in respect of any share in the capital of the Company. 4.9 The retained loss for the year ended 31 August 1996 as will be shown by the audited consolidated profit and loss account of Countdown Holdings Limited for the year ended 31 August 1996 will not be more than (pound)[296,000] the net assets as will be shown in the audited consolidated balance sheet of Countdown Holdings Limited as at 31 August 1996 will not be less than (pound)[________] excluding any revaluation reserve.

Appears in 1 contract

Samples: Share Purchase Agreement (Transmedia Europe Inc)

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Post Balance Sheet Events. 4.1 The Company has since the Accounts Date carried on its business in the ordinary and usual course without any interruption or alteration in the nature, scope or manner of the business and under its own name and has not (other than in the ordinary course of business) parted with any of its assets.. 31 4.2 The business of the Company has not since the Accounts Date been materially and adversely affected by the loss of any client or customer or source or employee or employees or by any abnormal factor not likewise affecting similar businesses and there has been no material change in the turnover, financial, contractual or trading position of the Company. 4.3 Since the Accounts Date no change has been made in the basis of remuneration of any directors agents or employees of the Company and the Company has not made or paid any compensation (whether in money or otherwise) to any director officer or employee of the Company by way of compensation for loss of office termination of employment unfair or wrongful dismissal redundancy or otherwise howsoever nor has agreed so to do. 4.4 Other than in the ordinary course of business the Company has not since the Accounts Date assumed or incurred any material liabilities (including contingent liabilities). 4.5 The Company has not since the Accounts Date made or agreed to make any donation for political or charitable purposes nor made or agreed to make any covenant to such effect. 4.6 Since the Accounts Date the Company has not acquired or agreed to acquire any asset for a consideration which is materially higher than market value at the time of acquisition and has not disposed of or agreed to dispose of any asset for a consideration which is materially lower than market value or book value, ,whichever is the higher, at the time of disposal. 4.7 Since the Accounts Date there have been no unusual increases or decreases in stock levels. 4.8 Since the Accounts Date no distribution of capital or income has been declared, made or paid in respect of any share in the capital of the Company. 4.9 The retained loss for the year ended 31 August 1996 as will be shown by the audited consolidated profit and loss account of Countdown Holdings Limited for the year ended 31 August 1996 will not be more than (pound)296,000 the net assets as will be shown in the audited consolidated balance sheet of Countdown Holdings Limited as at 31 August 32 1996 will not be less than (pound)161,000 excluding any revaluation reserve.

Appears in 1 contract

Samples: Acquisition Agreement (Transmedia Europe Inc)

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