Common use of Liabilities and Guarantees Clause in Contracts

Liabilities and Guarantees. The Corporation does not have -------------------------- outstanding any debts, obligations or liabilities (contingent or otherwise), and the Corporation is not a party to or bound by any agreement of guarantee, support, indemnification, assumption, or endorsement of, or any other similar commitment with respect to the debts, obligations or liabilities (contingent or otherwise) of any Person, other than: 3.1.11.1. debts, obligations or liabilities in respect of trade or business obligations incurred in the ordinary course of the Business, consistent with past practice, none of which has been or is expected to be materially adverse to the nature, results of operations, assets or financial condition of, or manner of conducting, the Business; and 3.1.11.2. debts, obligations or liabilities to the extent reflected in the Financial Statements or set out in Schedule B.