Distribution Deed definition
Examples of Distribution Deed in a sentence
The “Relevant Contracts” (as defined in the Asset Disposition Deed) and all other assets of XOMA Ireland that will not be transferred to Borrower upon the effectiveness of the Asset Distribution Deed and Irish Asset Transfer Agreement, when taken as a whole, are not material to the business operations or financial condition of the Loan Parties, taken as a whole.
Each Loan Party hereby acknowledges that, as of the date hereof, the security interests and liens granted to Agent and the Lenders under the Loan Agreement and the other Transaction Documents are, both before and after the effectiveness of the Asset Distribution Deed, (i) in full force and effect, (ii) are properly perfected to the extent required by the Transaction Documents and (iii) are enforceable, in each case in accordance with the terms of the Loan Agreement and the other Transaction Documents.
No application or registration relating to any Material Intellectual Property will become abandoned, forfeited or dedicated to the public as a result of the transactions contemplated by the Asset Distribution Deed and the Irish Asset Transfer Agreement.