Common use of Propriety of Past Payments Clause in Contracts

Propriety of Past Payments. Except as set forth in Section 3.26 of the Disclosure Schedule, no finder's fee or other payment has been, or will be, made by or on behalf of the Company in respect of, or in connection with, any Material Contract to any person, firm, corporation or other entity which is not a party to such Material Contract. No funds or assets of the Company have been used for illegal purposes; no unrecorded funds or assets of the Company have been established for any purpose; no accumulation or use of the Company's corporate funds or assets has been made without being properly accounted for in the respective books and records of the Company; all payments by or on behalf of the Company have been duly and properly recorded and accounted for in its books and records; no false or artificial entry has been made in the books and records of the Company for any reason; no payment has been made by or on behalf of the Company with the understanding that any part of such payment is to be used for any purpose other than that described in the documents supporting such payment; and the Company has not made, directly or indirectly, any illegal contributions to any political party or candidate, either domestic or foreign.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Cn Biosciences Inc), Stock Purchase Agreement (Cn Biosciences Inc)

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Propriety of Past Payments. Except as may be set forth in Section 3.26 of the Disclosure ScheduleSchedule 3.16 attached hereto, no finder's ’s fee or other payment has been, or will be, made by or on behalf of the Company in respect of, or in connection with, any Material Contract commitment to any person, firm, corporation or other entity which is not a party to such Material ContractContract or commitment. No funds or assets of the Company have been used for illegal purposes; no unrecorded funds or assets of the Company have been established for any purpose; no accumulation or use of the Company's ’s corporate funds or assets has been made without being properly accounted for in the respective books and records of the Company; all payments by or on behalf of the Company have been duly and properly recorded and accounted for in its books and records; no false or artificial entry has been made in the books and records of the Company for any reason; no payment has been made by or on behalf of the Company with the understanding that any part of such payment is to be used for any purpose other than that described in the documents supporting such payment; and the Company has not made, directly or indirectly, any illegal contributions to any political party or candidate, either domestic or foreign.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pax Clean Energy, Inc.)

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Propriety of Past Payments. Except as set forth in Section 3.26 3.31 of the Disclosure ScheduleLetter, no finder's ’s fee or other payment has been, or will be, made by or on behalf of the Company in respect of, or in connection with, any Material Contract commitment to any person, firm, corporation or other entity which is not a party to such Material ContractContract or commitment. No funds or assets of the Company have been used for illegal purposes; no unrecorded funds or assets of the Company have been established for any purpose; no accumulation or use of the Company's ’s corporate funds or assets has been made without being properly accounted for in the respective books and records of the Company; all payments by or on behalf of the Company have been duly and properly recorded and accounted for in its books and records; no false or artificial entry has been made in the books and records of the Company for any reason; no payment has been made by or on behalf of the Company with the understanding that any part of such payment is to be used for any purpose other than that described in the documents supporting such payment; and the Company has not made, directly or indirectly, any illegal contributions to any political party or candidate, either domestic or foreign.

Appears in 1 contract

Samples: Stock Purchase Agreement (CSK Auto Corp)

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