Common use of Events Subsequent to the Balance Sheet Date Clause in Contracts

Events Subsequent to the Balance Sheet Date. Except to the extent ------------------------------------------- provided for in Sections 3.10, 3.11, 3.12, 3.13, 3.25 and 6.6. there has not ------------- ---- ---- ---- ---- --- been since the Balance Sheet Date: (a) Any direct or indirect redemption, purchase or other acquisition by the Company of any capital stock of the Company, or any declaration, setting aside or payment of any dividend or distribution on any capital stock of the Company other than dividends or distributions which would not violate Section 3.25 hereof; ------------ (b) Any increase in the compensation or benefits payable or to become payable by the Company to any of its directors or officers except as disclosed in Schedule 3.7(b); --------------- (c) Any incurrence by the Company (i) of any indebtedness for borrowed money or (ii) of any other indebtedness or of any liability in respect thereof, except for the incurrence of indebtedness (other than for borrowed money), in the ordinary course of business or any commitment by the Company for an incurrence which would violate (i) or (ii); (d) Any contractual commitment by the Company to any third party, other than as provided in this Agreement or arising in the ordinary course of the Company's business, relating to (i) the Assets or Business of the Company, or (ii) the acquisition or disposition of Assets of the Company; (e) Any transaction, other than in the ordinary course of business on the same basis or terms as reflected in the Financial Statements, between the Company and any shareholder, director, officer or affiliate of the Company; (f) Any change in any accounting policies and procedures or practices by the Company; or (g) Any discount or adjustment in accounts receivable of the Company except as provided in Section 3.25 or arising in the ordinary course of the ------------ Company's business consistent with past practices or the collection of any accounts receivable other than in the ordinary course of business consistent with past practices.

Events Subsequent to the Balance Sheet Date. Except to the extent ------------------------------------------- provided for in Sections 3.10, 3.11, 3.12, 3.13, 3.25 and 6.6. 6.6 there has not ------------- -------- ---- ---- ---- ---- ---- --- been since the Balance Sheet Date: (a) Any direct or indirect redemption, purchase or other acquisition by the Company of any capital stock of the Company, or any declaration, setting aside or payment of any dividend or distribution on any capital stock of the Company other than dividends or distributions which would not violate Section 3.25 hereof; : ------------ (b) Any increase in the compensation or benefits payable or to become payable by the Company to any of its directors or officers except as disclosed in Schedule 3.7(b); --------------- (c) Any incurrence by the Company (i) of any indebtedness for borrowed money or (ii) of any other indebtedness or of any liability in respect thereof, except for the incurrence of indebtedness (other than for borrowed money), ) in the ordinary course of business or any commitment by the Company for an incurrence which would violate (i) or (ii); (d) Any contractual commitment by the Company to any third party, other than as provided in this Agreement or arising in the ordinary course of the Company's business, relating to (i) the Assets or Business of the Company, or (ii) the acquisition or disposition of Assets of the Company; (e) Any transaction, other than in the ordinary course of business on the same basis or terms as reflected in the Financial Statements, between the Company and any shareholder, director, officer or affiliate of the Company; (f) Any change in any accounting policies and procedures or practices by the CompanyCompany except as provided for in Section 6.1(m); or -------------- (g) Any discount or adjustment in accounts receivable of the Company except as provided in Section 3.25 or arising in the ordinary course of the ------------ Company's business -5- consistent with past practices or the collection of any accounts receivable other than in the ordinary course of business consistent with past practices.