DEPLC definition
Examples of DEPLC in a sentence
Except as set forth in Section 5.15 of the Disclosure Schedule, none of the LLCs has made any loan or advance to any Person which is outstanding on the date of this Agreement, nor is it committed or obligated to make any such loan or advance, nor does any LLC own any equity interest in any other Person except (i) that, as of the Closing, DETTCO LLC will own the Membership Interests of DEPLC LLC and LSI LLC and (ii) for trade receivables and other current assets as disclosed in this Agreement.
DEPLC owns all of the DEPLC Assets free and clear of all Liens except the Permitted Encumbrances and, as of the Closing, DEPLC LLC will own all of the DEPLC Assets, free and clear of all Liens except the Permitted Encumbrances.
As of the Closing, all of the tangible DEPLC Assets will be in DEPLC LLC's possession and control or subject to valid and existing Contracts.