Undisclosed Liabilities; Adverse Changes. Neither Borrower nor any Subsidiary has any material liabilities or obligations of any nature (whether absolute, accrued, contingent or otherwise), except for liabilities or obligations reflected or reserved against in its respective most recent quarterly financial statements and current liabilities incurred in the ordinary course of business since the respective dates thereof. Since the date of the latest consolidated quarterly financial statements of Borrower and its Subsidiaries, there has not been any change in the business, operations, properties, prospects, assets or condition of Borrower or any Subsidiary, and, no event has occurred or circumstance exists, that has had or would reasonably be expected to have a Material Adverse Effect.
Undisclosed Liabilities; Adverse Changes. Except as set ------------------------------------------ forth in Schedule 4.12 of the MNB Book of Schedules, neither MNB nor any MNB Subsidiary has any material liabilities or obligations of any nature (whether known or unknown and whether absolute, accrued, contingent or otherwise), except for liabilities or obligations reflected or reserved against in the MNB Financial Statements, liabilities and obligations arising under contracts and arrangements which are either set forth in Schedule 4.18 of the MNB Book of Schedules, or are of a type described in Section 4.18, but not included in Schedule 4.18 of the MNB Book of Schedules because the amounts involved do not meet the amounts specified for inclusion in Schedule 4.18 of the MNB Book of Schedules, current liabilities incurred in the Ordinary Course of Business since the respective dates thereof and other liabilities or obligations that in the aggregate would not reasonably be expected to have a Material Adverse Effect on MNB on a consolidated basis. Since the date of the latest MNB Financial Statement, there has not been any change in the business, operations, properties, prospects, assets or condition of MNB or any MNB Subsidiary, and no event has occurred or circumstance exists, that has had, or would reasonably be expected to have, a Material Adverse Effect on MNB on a consolidated basis.
Undisclosed Liabilities; Adverse Changes. Except as set forth in Schedule 4.12, neither Heritage nor any of its Subsidiaries has any material liabilities or obligations of any nature (whether known or unknown and whether absolute, accrued, contingent, or otherwise) except for liabilities or obligations reflected or reserved against in the Heritage Financial Statements and current liabilities incurred in the Ordinary Course of Business since the respective dates thereof. Since the date of the latest Heritage Financial Statement, no event has occurred or circumstance exists that would reasonably be expected to result in a Material Adverse Effect on Heritage and no facts or circumstances have been discovered by Heritage from which it appears that there is a significant risk and reasonable probability that Heritage will suffer a Material Adverse Effect.
Undisclosed Liabilities; Adverse Changes. Except as set forth in Schedule 5.11, neither Acquiror nor any of its Subsidiaries has any material liabilities or obligations of any nature (whether known or unknown and whether absolute, accrued, contingent, or otherwise) except for liabilities or obligations reflected or reserved against in the Acquiror Financial Statements and current liabilities incurred in the Ordinary Course of Business since the respective dates thereof. Since the date of the latest Acquiror Financial Statement, no event has occurred or circumstance exists that would reasonably be expected to result in a Material Adverse Effect on Acquiror and no facts or circumstances have been discovered by Acquiror from which it appears that there is a significant risk and reasonable probability that Acquiror will suffer a Material Adverse Effect.
Undisclosed Liabilities; Adverse Changes. Except as set forth in SCHEDULE 4.12, neither Bank nor any Bank Subsidiary has any material liabilities or obligations of any nature (whether absolute, accrued, contingent or otherwise), except for liabilities or obligations reflected or reserved against in Bank Financial Statements and current liabilities incurred in the Ordinary Course of Business since the respective dates thereof. Except as set forth in SCHEDULE 4.12, since the date of the latest Bank Financial Statement, there has not been any change in the business, operations, properties, prospects, assets or condition of Bank or any Bank Subsidiary, and, to Bank's Knowledge, no event has occurred or circumstance exists, that has had or would reasonably be expected to have a Material Adverse Effect on Bank.
Undisclosed Liabilities; Adverse Changes. Except as set forth on Schedule 4.24, none of the Company or any Acquired Subsidiary has any material Liabilities or obligations of any nature (whether absolute, accrued, contingent or otherwise), except for Liabilities or obligations reflected or reserved against in the Company Financial Statements and current Liabilities incurred in the Ordinary Course of Business since the respective dates thereof. Except as set forth on Schedule 4.24, since the date of the latest Company Financial Statement, none of the Company or any Acquired Subsidiary has undergone, suffered or experienced any Material Adverse Effect. Except as otherwise stated herein or in the Schedules hereto, since the date of the latest Company Financial Statement, the Company and the Acquired Subsidiaries have conducted their respective operations only in the Ordinary Course of Business. To the Company’s Knowledge, there are no facts or circumstances from which it reasonably appears that the Company or any Acquired Subsidiary will undergo, suffer or experience a Material Adverse Effect.
Undisclosed Liabilities; Adverse Changes. Except as set forth on Schedule 5.24, neither Acquiror, Merger Sub nor Acquiror Bank has any material Liabilities or obligations of any nature (whether absolute, accrued, contingent or otherwise), except for Liabilities or obligations reflected or reserved against in the Acquiror Financial Statements and current Liabilities incurred in the Ordinary Course of Business since the respective dates thereof. Since the date of the latest Acquiror Financial Statement, neither Acquiror, Merger Sub nor Acquiror Bank has undergone, suffered or experienced any Material Adverse Effect. Except as set forth on Schedule 5.24, since the date of the latest Acquiror Financial Statement, Acquiror, Merger Sub and Acquiror Bank have conducted their respective operations only in the Ordinary Course of Business. No facts or circumstances have been discovered from which it reasonably appears that Acquiror, Merger Sub or Acquiror Bank will undergo, suffer or experience a Material Adverse Effect.
Undisclosed Liabilities; Adverse Changes. Except as set forth on SCHEDULE 4.12, neither Citizens nor any Citizens Subsidiary has any material liabilities or obligations of any nature (whether absolute, accrued, contingent or otherwise), except for liabilities or obligations reflected or reserved against in the Citizens Financial Statements and current liabilities incurred in the Ordinary Course of Business since the respective dates thereof. Except as set forth on SCHEDULE 4.12, since the date of the latest Citizens Financial Statement, there has not been any change in the business, operations, properties, prospects, assets or condition of Citizens or any Citizens Subsidiary, and, to Citizens' Knowledge, no event has occurred or circumstance exists, that has had or would reasonably be expected to have a Material Adverse Effect on Citizens on a consolidated basis.
Undisclosed Liabilities; Adverse Changes. Except as set forth in Schedule 5.12 or the MSTI SEC Documents, neither MSTI nor any MSTI Subsidiary has any material liabilities or obligations of any nature (whether absolute, accrued, contingent or otherwise), except for liabilities or obligations reflected or reserved against in the MSTI Financial Statements, and current liabilities incurred in the Ordinary Course of Business since the respective dates thereof. Since the date of the latest MSTI Financial Statement, there has not been any change in the business, operations, properties, prospects, assets or condition of MSTI or any MSTI Subsidiary, and, to MSTI’s Knowledge, no event has occurred or circumstance exists, that has had, or would reasonably be expected to have, a Material Adverse Effect on MSTI on a consolidated basis.
Undisclosed Liabilities; Adverse Changes. Except as set ------------------------------------------ forth in Schedule 4.12 of the First Kansas Book of Schedules, neither First Kansas nor any First Kansas Subsidiary has any material liabilities or obligations of any nature (whether known or unknown and whether absolute, accrued, contingent or otherwise), except for liabilities or obligations reflected or reserved against in the First Kansas Financial Statements, liabilities and obligations arising under contracts and arrangements which are either set forth in Schedule 4.18 of the First Kansas Book of Schedules, or are of a type described in Section 4.18, but not included in Schedule 4.18 of the First Kansas Book of Schedules because the amounts involved do not meet the amounts specified for inclusion in Schedule 4.18 of the First Kansas Book of Schedules, current liabilities incurred in the Ordinary Course of Business since the respective dates thereof and other liabilities or obligations that in the aggregate would not reasonably be expected to have a Material Adverse Effect on First Kansas on a consolidated basis. Since the date of the latest First Kansas Financial Statement, there has not been any change in the business, operations, properties, prospects, assets or condition of First Kansas or any First Kansas Subsidiary, and no event has occurred or circumstance exists, that has had, or would reasonably be expected to have, a Material Adverse Effect on First Kansas on a consolidated basis.
