Additional Obligations of the Borrower Sample Clauses

Additional Obligations of the Borrower. 6.1. The Borrower shall submit to the Bank: 6.1.1. a copy of its accounting statements (together with evidence of their acceptance by the territorial tax inspectorate) within 10 (ten) business days of the deadline established for the submission of the relevant accounting statements to the tax inspectorate, and a copy of its interim accounting statements, in accordance with the following time schedule: • accounting statements for the 1st quarter (for a period from January 1 to March 31) – by May 15 of each year; • accounting statements for the 1st half year (for a period from January 1 to June 30) – by August 15 of each year; • accounting statements for 9 months of the year (for a period from January 1 to September 30) – by November 15 of each year. Other financial and statistical statements shall be submitted within 15 (fifteen) business days of the date of receipt by the Borrower of the Bank’s request by fax (the receipt of which must be automatically confirmed by the fax machine) and at the address specified in Clause 10.5 of this Agreement. 6.1.2. Together with the submission of accounting statements in accordance with the time schedule contained in Clause 6.1.1 of Article 6 of this Agreement, the Borrower shall submit the following documents updated up to the accounting reference date and confirmed with the seal and signature of the authorized representative of the Borrower: • letters confirming that the Borrower has or does not have any loan indebtedness (including any overdue loan indebtedness); • accounting forms No. 1 and No. 2 with itemization of the following accounts: loan debts, accounts receivable and accounts payable (letters confirming existence / absence of any overdue debt, the date on which the debt arose and the estimated debt repayment date), main assets, incomplete construction, investments, other meaningful (i.e. containing entries) lines of the statement of the financial results with itemization of the types of income / expenditure as on the most recent accounting date; • information on any attachment of the Borrower’s property, information on pledged/mortgaged property, information on security provided for third persons’ obligations; • a list of accounts opened by the Borrower at lending agencies other than the Bank; • bank account statements showing the credit balances, the account turnover for the most recent quarter, presence / absence of a backlog of unpaid payment orders; • certificates from the tax body confirming compliance b...

Additional Obligations of the Borrower. The Borrower will, immediately after execution of this Agreement: (i) create and maintain a Register of Charges, to the extent this has not already been done in accordance with Section 162 of the BVI Act; (ii) enter particulars as required by the BVI Act of the security interests created pursuant to this Agreement in the Register of Charges and, immediately after entry of such particulars has been made, provide the Lender with a certified true copy of the updated Register of Charges; and (iii) effect registration, or assist the Lender in effecting registration, of the security interest created pursuant to this Agreement with the Registrar of Corporate Affairs pursuant to Section 163 of the BVI Act by making the required filing, or assisting the Lender in making the required filing, in the approved form with the Registrar of Corporate Affairs and, if requested by the Lender, provide confirmation in writing to the Lender that such filing has been made.

Additional Obligations of the Borrower. The Borrower will not, without the Bank's prior written consent, • Transfer all or part of its assets, except in the ordinary course of business; • Engage in any transaction with any subsidiary, as defined in Section L.233.3 of the French New Commerce Code, that is not at arm's-length.

Additional Obligations of the Borrower. 5.1. The Borrower unconditionally undertakes: 5.1.1. To provide the Bank: (a) within fifteen (15) business days from the date of approval thereof by a authorised body, with copies of its annual accounts prepared in accordance with the laws of the country of its incorporation; (b) annually, within fifteen (15) business days from the date of receiving the same, with an audit report issued by an audit firm acceptable for the Bank in relation to the Borrower’s annual accounts; and (c) with any other financial statements within fifteen (15) business days from the date when the Bank send a respective request for such financial statements by fax (with a confirmation of transmission generated by the fax machine) at: (▇▇▇) ▇▇▇-▇▇-▇▇; 5.1.2. To inform the Bank of any change in its bank details, the name or address within five (5) business days from the date of such change and provide the Bank, within one (1) month from the date when the Borrower advises the Bank of any such change, with respective documents confirming registration of such change; 5.1.3. in the event of occurrence of any of the following circumstances which may result in the Borrower’s failure to perform its obligations under this Agreement, to promptly inform the Bank of such circumstances if the Borrower is aware or should be aware of the same, and of any measures taken by the Borrower to comply with all terms and conditions hereof despite of the occurrence of such circumstances: • a decision has been made which may result in liquidation or reorganisation of the Borrower; or • a court accepts a petition requesting that the Borrower be declared insolvent (bankrupt); 5.1.4. not to disclose any terms and conditions of this Agreement to any third parties, except for the cases expressly provided for by the Russian legislation and the legislation of the Borrower’s country of incorporation, disclosure to the auditors, professional advisors and counsels, bank-lenders, shareholders of the Borrower, state authorities and self-regulating organisations (stock exchanges etc.) in accordance with their rules; 5.1.5. not to pass any resolution on reorganization or liquidation of the Borrower without prior designation of a legal successor (which should be satisfactory to the Bank) of the Borrower in respect of its obligations under this Agreement, and not to perform any actions which may result in the Borrower’s being unable to perform its payment obligations under this Agreement; 5.1.6. no later than on the 3rd bu...

Additional Obligations of the Borrower. The Borrower is obliged to make any payment related to the Credit in accordance with the provisions set forth in Clause Five of this Agreement, therefore, the Borrower shall not deliver for any reason and for any reason whatsoever, cash, checks, promissory notes, goods, securities and/or documents, which are not indicated in this Agreement, to FINPROSPERA's personnel. In case of non-compliance with this provision, FINPROSPERA will not be responsible for such deliveries.

Additional Obligations of the Borrower. The Borrower shall be obliged to: 5.

Additional Obligations of the Borrower. 1. The Borrower is required to take proper care of the electronic equipment and to make sure no damage occurs with respect to the nature of the equipment. The Borrower undertakes to protect the electronic equipment from loss and theft. If any damage occurs to the electronic equipment or if it is lost or stolen, the Borrower is required to immediately notify the Lender of this circumstance. The Borrower is also required to immediately inform the Czech Police of any loss or theft. 2. The Borrower undertakes not to interfere with the settings of the BIOS and operating system of the laptop computer. 3. The Borrower undertakes to use the electronic equipment in such a way that the rights of third parties are not violated in the process, in particular, copyrights, personal rights, and rights relating to the protection of personal data. 4. The Borrower is required to permanently delete all data from the laptop before returning it (in particular, copyrighted works and personal data) that they have saved in the laptop, including log-on information especially for e-mail accounts, social networks, the Student Information System of ▇▇▇▇▇▇▇ University, etc. If this is not done, the Borrower is liable for any damage that is incurred by the Lender or another person in this context.

Additional Obligations of the Borrower. 5.1. The Borrower shall be obliged to: 5.1.1. use the Loan Amount to grant a loan to the Project Developer set out in Article 1.6, to acquire the shares of the Project Developer and/or make a contribution towards the share capital and to use other rights or fulfill obligations established in the Agreement and/or Financing Agreement; 5.1.2. conclude the Financing Agreement under the general terms and conditions published at ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇ within 2 month(s) from the conclusion of this Agreement; 5.1.3. not to undertake financial obligations (primarily taking loans or issuing guarantees or establishing collaterals), except for (i) loans from other lenders for granting a loan to the Project Developer set out in Article 1.6, acquiring the shares of the Project Developer, making a contribution towards the share capital and fulfilling other obligations established in the Financing Agreement, (ii) Obligations established in the Financing Agreement and (iii) other obligations undertaken to fulfil the Agreement or the undertaking of which is specified in the information announced to the Lender through the Portal before the conclusion of the Agreement; 5.1.4. if the Project Developer or its shareholders violate the Financing Agreement in a manner that damages the Borrower’s interests, apply legal remedies and formation rights according to its own discretion. The Borrower may conclude a legal assistance insurance agreement; 5.1.5. not to distribute profit to the Borrower’s shareholders during the validity of the Agreement; 5.1.6. not to remunerate the Borrower’s members of the board; 5.1.7. publish regularly (not less than once a year) information on the Project through the Borrower’s user account in the Portal or e-mail; 5.1.8. publish the Borrower’s annual report through the Portal within 6 months after the end of the financial year.

Additional Obligations of the Borrower