Liabilities Incurred in Ordinary Course Clause Samples

The 'Liabilities Incurred in Ordinary Course' clause defines which debts or obligations a party may assume as part of their regular business operations without breaching the agreement. Typically, this clause permits the incurrence of liabilities such as trade payables, routine expenses, or short-term borrowings that are consistent with past business practices. Its core function is to allow the business to continue operating normally and meet its day-to-day obligations, while preventing the assumption of unusual or excessive liabilities that could increase risk for the other party.
Liabilities Incurred in Ordinary Course. Except as otherwise specifically described in this Agreement or the schedules hereto, the liabilities of Dynamotion and the liabilities to which the assets of Dynamotion are subject were incurred by Dynamotion in the ordinary course of its business.
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Liabilities Incurred in Ordinary Course. The liabilities of GMS to be assumed by GDSC and the liabilities to which the transferred assets of GMS are subject were incurred by GMS in the ordinary course of its business.
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Liabilities Incurred in Ordinary Course. The liabilities of Chip Star and the liabilities to which the assets of Chip Star are subject were incurred by Chip Star in the ordinary course of its business except for reasonable expenses arising in connection with the negotiation and implementation of this Agreement.
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Liabilities Incurred in Ordinary Course. The liabilities of MicroVision and the liabilities to which the assets of MicroVision are subject were incurred by MicroVision in the ordinary course of its business except for reasonable expenses arising in connection with the negotiation and consummation of this Agreement and the transactions contemplated hereby.
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Related to Liabilities Incurred in Ordinary Course

  • OPERATION IN ORDINARY COURSE The Acquiring Fund and the Acquired Fund will each operate its respective business in the ordinary course between the date of this Agreement and the Closing Date, it being understood that such ordinary course of business will include customary dividends and shareholder purchases and redemptions.

  • ERISA Liabilities The Borrower shall not, and shall cause each of its ERISA Affiliates not to, (i) permit the assets of any of their respective Plans to be less than the amount necessary to provide all accrued benefits under such Plans, or (ii) enter into any Multiemployer Plan.

  • Current Liabilities Current Liabilities means the aggregate amount of all current liabilities as determined in accordance with GAAP, but in any event shall include all liabilities except those having a maturity date which is more than one year from the date as of which such computation is being made.

  • Litigation and Contingent Liabilities No litigation (including derivative actions), arbitration proceeding or governmental investigation or proceeding is pending or, to the Company’s knowledge, threatened against any Loan Party which might reasonably be expected to have a Material Adverse Effect, except as set forth in Schedule 9.6. Other than any liability incident to such litigation or proceedings, no Loan Party has any material contingent liabilities not listed on Schedule 9.6 or permitted by Section 11.1.

  • Financial Statements; Material Liabilities The Company has delivered to each Purchaser copies of the financial statements of the Company and its Subsidiaries listed on Schedule 5.5. All of said financial statements (including in each case the related schedules and notes) fairly present in all material respects the consolidated financial position of the Company and its Subsidiaries as of the respective dates specified in such Schedule and the consolidated results of their operations and cash flows for the respective periods so specified and have been prepared in accordance with GAAP consistently applied throughout the periods involved except as set forth in the notes thereto (subject, in the case of any interim financial statements, to normal year-end adjustments). The Company and its Subsidiaries do not have any Material liabilities that are not disclosed on such financial statements or otherwise disclosed in the Disclosure Documents.