DA Group definition
Examples of DA Group in a sentence
There is no pending, or, to the Knowledge of DA, threatened, Legal Action relating to the business of the DA Group before any Governmental Entity in any jurisdiction challenging the ownership, use, validity, enforceability, or registrability of any of DA’s Licensed Intellectual Property Rights or the rights of any member of the DA Group to use or exploit any of DA’s Licensed Intellectual Property Rights, in each case, other than as would not be reasonably expected to result in a DA Material Adverse Effect.
There are no material breaches or defaults by any member of the DA Group under any of DA Material Agreements or, to the Knowledge of DA, events which with notice or the passage of time would constitute a material breach or default by any member of the DA Group, and, to the Knowledge of DA, there is no material breach or default from any other party under any of DA Material Agreements.
No member of the DA Group directly or indirectly owns any equity or similar interest in, or any interest convertible, exchangeable or exercisable for any equity or similar interest in, any other Person.
The accounts receivable of the DA Group represent or will represent valid, bona fide claims against debtors for sales or other charges arising from sales actually made or services actually performed by the DA Group in the Ordinary Course of Business and in conformity in all material respects with the applicable purchase orders, agreements and specifications, and such accounts receivable are not, to the Knowledge of DA, subject to any material defenses, set-offs or counterclaims.
The DA Group has the sole and exclusive right to bring a Legal Action against a third party for infringement or violation of DA Intellectual Property Rights.
No member of the DA Group has any Knowledge of any strikes, slowdowns, work stoppages or lockouts, or threats thereof, by or with respect to any employees of any members of the DA Group.
To the Knowledge of DA, there are no defaults in any material respect on the part of any landlord, sublandlord, licensor or any member of the DA Group under the DA Leases.
The DA Group is in possession of all franchises, grants, authorizations, licenses, permits, easements, consents, certificates, approvals and orders (“DA Approvals”) necessary to own, lease and operate the properties it purports to own, operate or lease and to carry on its business as it is now being conducted, except where the failure to have such DA Approvals would not, individually or in the aggregate, have or reasonably be expected to have a DA Material Adverse Effect.
Section 3.19 of the DA Disclosure Letter sets forth the names of the ten (10) largest suppliers (by expenditure) to the DA Group for the twelve (12) month period ended December 31, 2018 or the nine (9)-month period ended September 30, 2019.
To the Knowledge of DA, there are no Legal Actions pending or threatened against any member of the DA Group, or any properties or rights of any member of the DA Group, before any Governmental Entity, including, for the avoidance of doubt, the SEC.