TCD Shareholders definition
Examples of TCD Shareholders in a sentence
Except for the security interest granted to the Secured Party pursuant to this Agreement and the security interest granted or to be granted the TCD Shareholders pursuant to the TCD Security Agreement, the Debtor is the sole owner of each item of Collateral in which it purports to grant a security interest hereunder, having good title thereto, free and clear of any and all Liens or rights of others.
Except for the security interest granted to the TCD Shareholders pursuant to the TCD Security Agreement, no security agreement, financing statement, initial financing statement, continuation statement, bailee acknowledgment agreement or equivalent security or lien instrument covering all or any part of the Collateral exists or is on file or of record in any public office or will hereafter be created or filed or recorded in any public office, except in favor of the Secured Party as secured party.
Such payments made directly to the TCD Shareholders will be treated as payments from the Company to Envirokare toward the purchase price of the assets acquired pursuant to the Asset Purchase Agreement.