DGLT definition
Examples of DGLT in a sentence
The Pledgor agrees that at any time and from time to time upon the written request of DGLT, the Pledgor will execute and deliver such further documents and to such further acts and things as DGLT may reasonably request in order to effect the purposes of this Agreement.
All property at any time pledged with DGLT hereunder or in which DGLT is granted a security interest hereunder (whether described herein or not) and all income there from and proceeds thereof, are herein collectively sometimes called the "Collateral Security".
Provided that Pledgor is not in default on any provision of the Loan Agreement, this Pledgor Agreement or the Promissory Note, DGLT shall return to Pledgor the Certificates or remaining Certificates after an, election under Item 4 above, as the case may be, within ten (10) banking days after the Note is fully satisfied.
DGLT shall apply the net proceeds of any such collection, recover, receipt, appropriate, realization or sale, after deducting all reasonable costs and expenses of every kind incurred therein or incidental to the care, safekeeping or otherwise of any and all of the Collateral Security or in any way relating to the rights of DGLT hereunder, including reasonable attorney's fees and legal expenses, to the payment in whole or in part, of the Obligations in such order as DGLT may elect.
DGLT shall have no duty to exercise any of the aforesaid rights, privileges or options and shall not be responsible for any failure to do so or delay in so doing.
FTIS hereby acknowledges and consents to Technologies proceeding to sell and offer products and services to customers (who are not customers of DGLT, DMI or UFT as of the date hereof) by utilizing the Excluded Assets.
The Merger is intended to be structured as a tax-free reorganization resulting in DMI merging with and into FTIS, with (i) DGLT receiving the Promissory Note and other Credit Documents relating to FTIS and its affiliates that are parties thereto, and (ii) Technologies entering into the Software License Agreement, (iii) the parties amending the Promissory Note dated September 1, 2017 (the “UFT Note”) between DMI as debtor, UFT Equities, Inc.
DMI and DGLT acknowledges that no statements, representations or warranties, have been made or furnished by FTIS or by any person acting on behalf of FTIS with respect to this Agreement or any other aspects or consequences of this Agreement other than as contemplated by the Transaction Documents and the Note Amendment .
The execution and delivery of this Agreement by DMI and DGLT, and the consummation by DMI and DGLT of the transactions contemplated by this Agreement have been duly approved and authorized by both DMI and DGLT and no further authorization shall be necessary on the part of DMI or DGLT for the performance and consummation by DMI and DGLT of the transactions contemplated by this Agreement.
DGLT agrees that it and all affiliated parties shall execute such documents which shall be delivered at the Closing, releasing DMI and its successors in interest from any intercompany indebtedness or any other claims by DGLT, other than as contemplated by the Transaction Documents (including, by way of example, the Credit Documents).