Common use of Liabilities and Indebtedness of the Company Clause in Contracts

Liabilities and Indebtedness of the Company. The Credit Parties do not have any Obligations of any nature whatsoever, except: (i) as disclosed in the Financial Statements; or (ii) Obligations incurred in the Ordinary Course of Business since the date of the most recent Financial Statements which do not or would not, individually or in the aggregate, exceed Fifty Thousand Dollars ($50,000) or otherwise have a Material Adverse Effect; or (iii) Obligations owed to the Buyer.

Appears in 1 contract

Sources: Securities Purchase Agreement (Mota Group, Inc.)

Liabilities and Indebtedness of the Company. The Except as set forth on Schedule 6.11, the Credit Parties do not have any Obligations of any nature whatsoever, except: (i) as disclosed in the Financial Statements; or (ii) Obligations incurred in the Ordinary Course of Business since the date of the most recent Financial Statements which do not or would not, individually or in the aggregate, exceed Fifty Ten Thousand Dollars ($50,00010,000) or otherwise have a Material Adverse Effect; or (iii) Obligations owed to the Buyer.

Appears in 1 contract

Sources: Securities Purchase Agreement (Inventergy Global, Inc.)