Undisclosed Liabilities; Long Term Debt Clause Samples
Undisclosed Liabilities; Long Term Debt. (i) Target has no liabilities (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due, including any liability for taxes) of a type that would be recorded on Target’s balance sheet if Target were using the accrual method of accounting in accordance with GAAP, except for: (i) liabilities included and described in the Most Recent Balance Sheet (rather than in any notes thereto); and (ii) those liabilities that have arisen since the Most Recent Fiscal Month End in the Ordinary Course of Business. Target has no unrecorded, undisclosed or contingent Indebtedness other than those set forth on Sellers’ Disclosure Schedule 4(i).
(ii) Target has no long term debt or liabilities, other than liabilities included and described in the Most Recent Balance Sheet (rather than in any notes thereto); and (ii) those liabilities that have arisen since the Most Recent Fiscal Month End in the Ordinary Course of Business.
Undisclosed Liabilities; Long Term Debt. (i) Company has no liabilities (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due, including any liability for taxes) of a type that would be recorded on Company’s balance sheet if Company were using the accrual method of accounting in accordance with GAAP, except for: (i) liabilities included and described in the balance sheet included in the Most Recent Financial Statements (rather than in any notes thereto); and (ii) those liabilities that have arisen since the Most Recent Fiscal Month End in the Ordinary Course of Business. Company has no unrecorded, undisclosed or contingent Debt other than those set forth on Section 4.23 of the Disclosure Schedule.
(ii) Company has no long term debt or liabilities, other than (i) equipment leases not exceeding Five Thousand Dollars ($5,000) of future rent or other payments in the aggregate, (ii) the office leases and (iii) SBA Loan as set forth on Disclosure Schedule 4.13(b).