DML Assets definition

DML Assets means those assets of DML which the Chargor proposes to acquire (or has acquired) and which are listed in the DML Asset Acquisition Invoice

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

DML Assets means the DML, the Security Deposit and any gravel or aggregate located on the DML Lands.

Examples of DML Assets in a sentence

• It is the sole legal and beneficial owner of all the Collateral now purportedly owned or hereafter purportedly acquired by it (including the DML Assets), and to the best of its knowledge, such Collateral is free from all Liens whatsoever (other than Liens permitted under the terms of the Finance Documents and the Security Documents), whether voluntarily or involuntarily created and whether or not perfected.

• Forthwith following the execution of this Debenture the Chargor will (if it has not already done so) acquire the DML Assets which shall (for the avoidance of doubt) become part of the Collateral upon acquisition thereof.

• Forthwith following execution of this Debenture the Chargor will (if it has not already done so) acquire the DML Assets which shall (for the avoidance of doubt) become part of the Collateral upon acquisition thereof..