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Common use of No Operations Clause in Contracts

No Operations. Buyer does not currently have any business operations or material assets. Upon consummation of the Transactions, Buyer shall not have in excess of $10,000 in debts, obligations or liabilities of any kind or nature.

Appears in 6 contracts

Sources: Preferred Stock Purchase Agreement (Catcher Holdings Inc), Stock Purchase Agreement (Catcher Holdings Inc), Preferred Stock Purchase Agreement (Us Telesis Holdings Inc)

Related Clauses

  • Business Operations
  • Safe Operations
  • System Operations
  • Operations
  • Interim Operations

Parent Clauses

  • Representations and Warranties
  • REPRESENTATIONS AND WARRANTIES OF BUYER
  • REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB
  • REPRESENTATIONS AND WARRANTIES OF SELLER
  • REPRESENTATIONS AND WARRANTIES OF THE COMPANY

Sub-Clauses

  • AUTHORITY
  • INVESTMENT REPRESENTATIONS
  • DELIVERY OF COVISINT SHARES TO HOLDCO
  • GENERAL CONDITIONS
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