DTAC definition
Examples of DTAC in a sentence
Sell any equity interest to any Person (other than DTAC) or consolidate with or merge into or with any Person, or purchase or otherwise acquire all or substantially all of the assets or capital stock, or other ownership interest of, any Person or from any Subsidiary, or sell, transfer, lease or otherwise dispose of all or substantially all of its assets to any Person, except as expressly provided or permitted under the terms of this Agreement or as consented to by the Program Agent.
The Program Agent shall deposit all amounts received from DTAC under the Demand Note to the Collection Account and such amounts shall be treated as Collections for purposes of Sections 2.06 and 2.07 hereof, as determined by the Program Agent in its sole discretion.
The Lender shall deposit all amounts received from DTAC under the Demand Note to the Collection Account and such amounts shall be treated as Collections for purposes of Sections 2.07 and 2.08 hereof, as determined by the Lender in its sole discretion.
The Program Agent shall deposit all amounts received from DTAC under the Demand Note to the Collection Account and such amounts shall be treated as Finance Charge Collections or Principal Collections for purposes of Sections 2.06 and 2.07 hereof, as determined by the Program Agent in its sole discretion.
Sell any equity interest to any Person (other than DTAC) or consolidate with or merge into or with any Person, or purchase or otherwise acquire all or substantially all of the assets or capital stock, or other ownership interest of, any Person or from any Subsidiary, or sell, transfer, lease or otherwise dispose of all or substantially all of its assets to any Person, except as expressly provided or permitted under the terms of this Agreement or as consented to by the Lender.
At least five (5) Business Days prior to any amendment to any Material Indenture Provision, notice of any such proposed amendment (it being acknowledged and agreed that, prior to the effectiveness of such amendment, the parties hereto shall agree to make any conforming changes to this Agreement necessary to update the references to the requirements of the DTAC Indenture contained herein).
DTAC, as Originator and as sole member of the Borrower, represents that, on the Closing Date, the Retained Interest takes the form of a first loss position represented by its membership interest in the Borrower.
Promptly and in no event more than one (1) Business Day after calculation and delivery under the DTAC Indenture, a copy of each calculation of the “Collateral Coverage Ratio” delivered to any Person thereunder.
Customer shall update or cause the smart contract to be updated at DTAC’s request to comply with applicable law or delegate such administrative authority to DTAC.
If any out-of-balance condition caused by Customer or any of its prior agents arises during any Term of this TA Agreement, Customer will, promptly upon DTAC’s request, provide DTAC with funds or Shares sufficient to resolve the out-of-balance condition.