Financing and working capital. 14.1 The amount borrowed by the Company from its bankers does not exceed the amount of the facility agreed with such bankers and the total amount borrowed by the Company from whatever source does not exceed any limitation on its borrowing contained in its articles of association or in any Contract, debenture, loan stock deed or any other document. 14.2 All material particulars of all overdrafts, loans or other financial facilities outstanding or available to the Company are set out in the Disclosure Letter. 14.3 The Company has not applied for or received any grant, subsidy or financial assistance from any government department or other body which is subject to any continuing right of claw back. All material particulars of any such grant, subsidiary or financial assistance are contained in the Disclosure Letter.
Appears in 2 contracts
Sources: Share Purchase Agreement (Via Net Works Inc), Sale and Purchase Agreement (Via Net Works Inc)