Common use of Liabilities and Contracts Clause in Contracts

Liabilities and Contracts. Parent does not have outstanding any liability or obligation of any nature whatsoever (whether absolute, accrued, contingent or otherwise and whether due or to become due) except as set forth in the Parent SEC Reports. Parent is not and has not been a party to, nor are or were Parent’s assets bound or affected by, any Contract except for Contracts under which Parent has no further rights or obligations because the Contract has been fully performed or validly and irrevocably terminated.