Delta Plus definition
Examples of Delta Plus in a sentence
Borrower agrees that it shall immediately provide notice to Lender of any of the following events or conditions that it has knowledge of: (1) any condition or event that constitutes an Event of Default or Default; (2) any notice of default that any Person has given to Borrower, First Life America, Delta Plus, TIC or MGA-TIC, or any other action taken with respect to a claimed default; (3) any termination for any reason of a Material Agency Agreement or (4) any Material Adverse Effect.
Borrower has agreed and contracted to acquire (the “Acquisition”) one hundred percent (100%) of Delta Plus Holdings, Inc.
With reasonable promptness, Borrower will deliver (1) notice of any change in the information set forth in Schedules 9 and 9, and (2) such other information, reports, contracts, invoices and data with respect to Borrower, First Life America, Delta Plus, TIC, MGA-TIC, or any Subsidiary as Lender may request from time to time.
Said notice shall be given to Lender within five (5) business days after any officer of Borrower, First Life America, Delta Plus, TIC, or MGA-TIC obtains knowledge of the aforesaid events or conditions, and shall include a certificate of its chief executive officer specifying the nature and period of existence of such condition or event and what action Borrower, First Life America, Delta Plus, TIC, or MGA-TIC has taken, is taking and proposes to take with respect thereto.
Borrower represents and warrants that it is the lawful owner of one hundred percent (100%) of all issued and outstanding shares of stock of First Life America, and that upon completion of the Acquisition, Borrower will be the lawful owner of one hundred percent (100%) of all issued and outstanding share of stock of Delta Plus, TIC, and MGA-TIC.