Common use of Since the Accounts Date Clause in Contracts

Since the Accounts Date. Since the Accounts Date: 1.8.1 the MYL Group Companies have conducted their respective business in a manner consistent with the way such business was carried out in the twelve months prior to the Accounts Date; 1.8.2 no member of the MYL Group has acquired or disposed of, or agreed to acquire or dispose of, any business or any material asset of a value in excess of (pound)1,000,000 other than (i) in the ordinary course of business (which includes the acquisition and replacement of spare parts) or (ii) where such assets are obsolete, no longer used or useful in the operation of the business of the MYL Group and are replaced by other equipment of equal value or utility; 1.8.3 there has been no material adverse change in the financial or trading position or prospects of the MYL Group (other than a change affecting or likely to affect all companies carrying on business in the United Kingdom) and no event, fact or matter has occurred or is likely to occur which will or is likely to give rise to any such change; 1.8.4 no MYL Group Company has entered into any material transaction or assumed or incurred any material liabilities (including contingent liabilities) or made any material payment not provided for in the Accounts otherwise than in the ordinary course of carrying on its business; 1.8.5 no MYL Group Company has declared, made or paid any dividend or other distribution to its members; 1.8.6 the MYL Group Companies have not made any change in any method of accounting or accounting practice or policy used by the Company or any member of the MYL Group; and 1.8.7 no payments have been made under the Technical Support Agreement.