Present Status. Since the Most Recent Monthly Financial Statement, neither Prosoft nor any of its Subsidiaries has sold or transferred any material assets except sales from inventory in the ordinary course of business, suffered any damage, destruction, or loss (whether or not covered by insurance) materially affecting its properties, business or prospects; waived any rights of substantial value; nor entered into any transaction other than in the Ordinary Course of Business.
Appears in 2 contracts
Sources: Acquisition and Reorganization Agreement (Prosoft Learning CORP), Acquisition and Reorganization Agreement (Vcampus Corp)