Digital Assets definition
Examples of Digital Assets in a sentence
The Company shall not, and shall cause each DAT Subsidiary not to, transfer any such Digital Assets to any Person other than the Company or a DAT Subsidiary that is then a guarantor party to the DATS Guaranty, permit any subsidiary that is not a guarantor party to the DATS Guaranty to hold any such assets, or create, incur, assume or permit to exist any Lien, as defined in Annex A, on any such assets, except for Liens expressly permitted under the Transaction Documents.
In the case of Digital Assets acquired by the Company or any of its subsidiaries that are not DAT Subsidiaries, the Company shall contribute or cause such Digital Asset to be contributed, to a DAT Subsidiary that is a guarantor party to the DATS Guaranty on or immediately following the date of acquisition).
The Company shall promptly, but in any case no later than forty-five (45) days following the Closing Date, contribute or cause to be contributed, any cash (other than cash set forth on Schedule 1.1) and Digital Assets owned or held by the Company or any of its subsidiaries that are not DAT Subsidiaries to a DAT Subsidiary that is a guarantor party to the DATS Guaranty.
The Company acknowledges and agrees that the Digital Assets owned by the Company or any of its subsidiaries on the date hereof, together with any such Digital Assets (or similar digital assets) subsequently acquired by the Company or any subsidiary, shall be held solely by (a) the Company or (b) a DAT Subsidiary, and each DAT Subsidiary will be, at all times during which it holds such assets, a guarantor party to the DATS Guaranty.