DTI Contract definition
Examples of DTI Contract in a sentence
DTI is not in default under any DTI Contract, and no event or circumstance has occurred that would, with notice or lapse of time or both, constitute an event of default under any DTI Contract where such default would have a Material Adverse Effect on DTI.
Each DTI Contract is valid and in full force and effect, is enforceable by DTI in accordance with its terms, and after the Closing will continue to be legal, valid, binding and enforceable on identical terms.
Each DTI Contract is in full force and effect and is valid and enforceable in accordance with its terms.
The board of directors of DTI has taken all action necessary or required to render inapplicable to the Share Exchange, this Agreement or any agreement contemplated hereby and the Contemplated Transactions (a) any takeover provision in the DTI Constituent Documents, (b) any takeover provision in any DTI Contract, and (c) any takeover provision in any applicable state law.
The consummation of the Contemplated Transactions shall not (either alone or upon the occurrence of additional acts or events) result in any payment or payments becoming due from DTI or ONCE to any Person under any DTI Contract or give any Person the right to terminate or alter the provisions of any DTI Contract.
Except for the filing of the Certificate of Merger with the Secretary of State of the State of Delaware, neither DTI nor either Founder is required to obtain any material permit, make any filing with, or obtain the consent of any Governmental Authority, any party to any DTI Contract, or any other Person in connection with the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.