MDK definition
Examples of MDK in a sentence
These conditions precedent are for the benefit of MDK Sports and may be waived by MDK Sports in its discretion.
MDK Sports further represents that MDK Sports has had an opportunity to ask questions and receive answers from the directors and officers of Image Innovations regarding the terms and conditions of this Agreement and the business, properties, prospects and financial condition of Image Innovations.
MDK Sports will have received duly executed copies of all third-party consents and approvals necessary to transfer the Assets to Image Sports, in form and substance reasonably satisfactory to Image Innovations and Image Sports.
MDK Sports is duly qualified to do business and is in good standing as a foreign corporation in each of the jurisdictions in which it owns property, leases property, does business, or is otherwise required to do so, where the failure to be so qualified would have a material adverse effect on the business of MDK Sports taken as a whole.
This Agreement and all other MDK Sports Transfer Documents necessary or reasonably required to consummate the sale of the Assets to Image Sports, all in form and substance reasonably satisfactory to Image Innovations, will have been executed and delivered to Image Innovations.
MDK Sports has not assigned, transferred, conveyed, mortgaged, deeded in trust, or encumbered any interest in the Leases or the leasehold property pursuant thereto.
Each Contract is in full force and effect, and there exists no material breach or violation of or default by MDK Sports under any Contract nor by any other party to a Contract, or any event that with notice or the lapse of time, or both, will create a material breach or violation thereof or default under any Contract by MDK Sports or by any other party to a Contract.
The execution and delivery of each of the MDK Sports Transfer Documents by MDK Sports and the consummation of the sale of the Assets have been duly authorized by its Board of Directors and by all of the shareholders of MDK Sports.
The Contracts constitute all contracts, agreements, licenses, permits and agreements necessary for the conduct of the business of MDK Sports as carried out to the date of this Agreement and as represented to Image Innovations.
MDK Sports has delivered a true and complete copy of each of the Leases to Image Innovations.