Examples of Delta Transferred Assets in a sentence
Delta is a corporation duly organized and validly existing under the laws of its jurisdiction of organization and has the requisite corporate or other organizational power and authority to own, lease or otherwise hold the Delta Transferred Assets and operate such assets as presently operated.
Neither Delta nor any of its Affiliates has signed any financing statement under the UCC or any security agreement authorizing any secured party thereunder to file any such financing statement with respect to any of the Delta Transferred Assets except with respect to Liens that will be released at or prior to the applicable Closing.
For a period of seven (7) years after the Initial Closing Date, each of Delta and US Airways shall preserve and retain all corporate, accounting, Tax, legal (including any documents relating to any governmental or nongovernmental actions, suits, proceedings or investigations), auditing or other Books and Records in its possession relating to the Delta Transferred Assets or the US Airways Transferred Assets, as applicable, prior to the applicable Closing Date.
Except as set forth on Schedule 6.09, all equipment included in the Delta Transferred Assets is in operating condition (taking into account the age of such assets), ordinary wear and tear excepted.
Except for applicable DOT and FAA statutes and 14 CFR § 93 and as set forth on Schedule 6.05(b), there are no judgments, orders or decrees of any arbitrator or any other Governmental Authority binding on Delta that relate to the Delta Transferred Assets or otherwise affect the Delta Transferred Assets.
Delta has in place insurance policies with respect to the Delta Transferred Assets, in amounts and types that are customary in the industry for similar assets, and all such policies are in full force and effect.
At the Closing, Delta, or Northwest, as applicable, will convey to US Airways good and valid title to all of the Delta Transferred Assets (excluding the Delta LaGuardia Leases which are addressed in Section 6.14), free and clear of all Liens other than Permitted Liens.
Schedule 6.15(a)-2 sets forth a true, correct and complete list of all orders, decrees or other agreements relating to the Delta Transferred Assets issued pursuant to or entered into under any Delta Environmental Law.
If we can discover such derivations, we tag the fragment accordingly.
Delta is qualified or licensed to do business as a foreign corporation and is in good standing in each jurisdiction listed on Schedule 6.01, which are the only jurisdictions where Delta’s ownership or use of the Delta Transferred Assets requires it to be so qualified or licensed, with such exceptions as do not and would not reasonably be expected, individually or in the aggregate, to have a Delta Material Adverse Effect.