Common use of Operations and Financial Condition Clause in Contracts

Operations and Financial Condition. Absence of Undisclosed ---------------------------------------------------------- Liabilities. Buyer has not conducted any material business operations other ----------- than in connection with the transactions contemplated hereby, the ▇▇▇▇▇▇- American Acquisition and the IPO or in preparation for operations to be conducted after the Closing Date. Buyer does not have any material tangible assets or material liabilities or obligations of any nature, whether accrued, absolute, contingent, or otherwise and whether due or to become due, including without limitation liabilities that may become known or arise after the date hereof and which relate to transactions entered into or any state of facts existing on or before the date hereof and which would be required under generally accepted accounting principles to be shown in a balance sheet or referenced in the notes thereto prepared as of the date hereof, other than those incurred in connection with the transactions contemplated hereby, the ▇▇▇▇▇▇- American Acquisition and the IPO or in connection with Buyer's preparation for future operations.

Operations and Financial Condition. Absence of Undisclosed ---------------------------------------------------------- Liabilities. Buyer has not conducted any material business operations other ----------- than in connection with the transactions contemplated hereby, the ▇▇▇▇▇▇- American ▇ Acquisition and the IPO or in preparation for operations to be conducted after the Closing Date. Buyer does not have any material tangible assets or material liabilities or obligations of any nature, whether accrued, absolute, contingent, or otherwise and whether due or to become due, including without limitation liabilities that may become known or arise after the date hereof and which relate to transactions entered into or any state of facts existing on or before the date hereof and which would be required under generally accepted accounting principles to be shown in a balance sheet or referenced in the notes thereto prepared as of the date hereof, other than those incurred in connection with the transactions contemplated hereby, the ▇▇▇▇▇▇- American ▇ Acquisition and the IPO or in connection with Buyer's preparation for future operations.