Common use of No Other Assets or Liabilities Clause in Contracts

No Other Assets or Liabilities. (a) Alberta has not, any time since its formation, held any other assets. Alberta has at all times since its formation existed solely as a holding company and has not engaged in any form of business or other operations. (b) Alberta is not subject to any liability (including, without limitation, unasserted claims, whether known or unknown, and liabilities for foreign, Federal, provisional or local income tax), whether absolute, contingent, accrued or otherwise. Alberta has no accounts payable or other accrued liabilities, other than the Textron Note.