Common use of Present Status Clause in Contracts

Present Status. Since the most recent Financial Statements, and except as provided for in Seller's bankruptcy filings and the March 24 Order, the Seller has not sold or transferred any of its assets except sales from inventory in the ordinary course of business and except sales of warehouse inventory; suffered any material damage, destruction, or loss (whether or not covered by insurance) materially affecting its properties, business or prospects; waived any rights of substantial value; nor entered into any transaction other than in the ordinary course of business.

Present Status. Since the most recent Most Recent Monthly Financial Statements, and except as provided for in Seller's bankruptcy filings and the March 24 OrderStatement, the Seller has not not: sold or transferred any of its assets except sales from inventory in the ordinary course of business and except sales of warehouse inventory; suffered any material damage, destruction, or loss (whether or not covered by insurance) materially affecting its properties, business or prospects; waived any rights of substantial value; nor entered into any transaction other than in the ordinary course of business.