Common use of Absence of Certain Acts or Events Clause in Contracts

Absence of Certain Acts or Events. Except as disclosed in SCHEDULE --------------------------------- -------- 4.14, since the date of the Closing Date Balance Sheet, with respect to the ---- Business, Seller has not: A. Sold or transferred any of its assets other than in the ordinary course of business; B. Made or obligated itself to make capital expenditures aggregating more than $10,000.00; C. Incurred any material obligations or liabilities (including any indebtedness) or entered into any material transaction, except for this Agreement and the transactions contemplated hereby; D. Suffered any theft, damage, destruction or casualty loss in excess of $5,000.00; or E. Except as disclosed on SCHEDULE 4.14, declared or paid any ------------- dividends or made any other distributions with respect to its shares or redeemed or purchased any of its shares.

Absence of Certain Acts or Events. Except as disclosed in SCHEDULE --------------------------------- -------- 4.14, since the date of the Closing Date Current Balance Sheet, with respect to the ---- Business, Seller has not:: ---- A. Sold or transferred any of its assets other than in the ordinary course of business; B. Made or obligated itself to make capital expenditures aggregating more than $10,000.00; C. Incurred any material obligations or liabilities (including any indebtedness) or entered into any material transaction, except for this Agreement and the transactions contemplated hereby; D. Suffered any theft, damage, destruction or casualty loss in excess of $5,000.00; or E. Except as disclosed on SCHEDULE 4.14, declared or paid any ------------- dividends or made any other distributions with respect to its shares or redeemed or purchased any of its shares.