Common use of Certain Undertakings Clause in Contracts

Certain Undertakings. During the term of this Agreement, the Procurer shall: (a) do all acts and things as may be reasonably required or appropriate to give effect to the charge/ security interest created in favour of the Seller on and in the Hypothecated Interest and to take all steps to maintain such charges and security interest in full force and effect on and in the Hypothecated Interest; (b) obtain and maintain at its own expense any license, permission, consent or authorization and pay any taxes or duties, including without limitation, stamp duties, which may be required in order to create, maintain and preserve the charge/ security interest granted under this Agreement and to enable the Seller to have the full benefit of this Agreement; (c) deposit or cause to be deposited immediately upon the receipt of Receivables in the Procurer‟s Banks; and after the occurrence and during the continuance of an Event of Default deliver to the Seller (not later than the second Business Day of each Month) copies of summary statements of the electricity sold during the immediately preceding Month.

Certain Undertakings. During the term of this Agreement, the Procurer shall: (a) do all acts and things as may be reasonably required or appropriate to give effect to the charge/ charge / security interest created in favour of the Seller on and in the Hypothecated Interest and to take all steps to maintain such charges and security interest in full force and effect on and in the Hypothecated Interest; (b) obtain and maintain at its own expense any license, permission, consent or authorization and pay any taxes or duties, including without limitation, stamp duties, which may be required in order to create, maintain and preserve the charge/ security interest granted under this Agreement and to enable the Seller to have the full benefit of this Agreement; (c) deposit or cause to be deposited immediately upon the receipt of Receivables in the Procurer‟s Procurer’s Banks; and and (d) after the occurrence and during the continuance of an Event of Default deliver to the Seller (not later than the second Business Day of each Month) copies of summary statements of the electricity sold during the immediately preceding Month.