SPECIFIC UNDERTAKING S Clause Samples

SPECIFIC UNDERTAKING S. 2.1 The Borrower undertakes to duly and timely perform the following obligations: (a) Signing thestatement: before the issuance of the endorsement by the Bank,to sign on each page of the agreed template of the irrevocable instruction letter the following statem³en: tH: U H S U H V H Q W W K D W Z H I X acknowledge the content of this instructiontelrettemplateand we undertake any risk arising from its submission ³ (b) Waiver of court actions: the Borrower understands that,by effect of signing the Credit Facility Agreement,it remains entirely liable to the Bank for all direct and indirect conseqeusenacrising from the Financing Documents and the Negotiable Instruments endorsed by the Bank and renounces to any opposition, dispute, protest or action before a court of law in connection with the payment of the endorsed Negotiable Instruments and also unedrtakes not to introduce court actions to request the Bank to comply, not comply or suspend payment obligations against the Beneficiary of the endorsed Negotiable Instruments.
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SPECIFIC UNDERTAKING S. 7.1 The Borrower undertakes to duly and timely perform the following obligations: (a) Signing the statement: before the issuance of thGeuarantee Instrumenbty the Bank,to sign on each page of the agreedGuarantee Instrumentet mplate the following statement³: : H U H S U H V H Q W W K D W Z H I X acknowledge the content of thGisuarantee Instrument template l(▇▇▇▇▇ of guarantee/ letter of counte-r guarantee, as the case may be) and we undertake any risk arising from its enforce³menHt [ F H S W L I L W requested in the submitted application that the texts of the guarantees be prepared and issued oNn ¶thVe Ban W H P S O D W H L Q Z K L F K F D V H W K H %D Q N ¶ V W H P S O D W H L V G H H P H G submission of application; (b) Waiver of court actions: the Borrower understands that,by effect of signing the Credit Facility Agreement,it remains entireyl liable to the Bank for all direct and indirect consequences arising from the Financing Documents and thGe uarantee Instrumenitssued by the Bank and accepted by the Borrower and renounces to any opposition, dispute, protest or action before a court aowf lin connection with the execution of the Guarantee Instrumenutspon request from the Beneficiary and also undertanoket sto introduce court actions to request the Bank to comply, not comply or suspend payment obligations against the Beneficiary soufetdhe is Guarantee Instrumen;ts (c) Risk undertaking in the event of Partnership: if the Borrower requests the issuance Gouf arantee Instrumentsfor V H F X U L Q J R E O L J D W L R Q V R I D S D U W Q3HDUUVWKQL HS),wUhZeVrLeKWtLheKS R´ X W O H ▇▇▇▇▇▇▇▇ is acting sa leader or member of the Partnership,the Borrower under,tuankteilscomplete fulfilment of all obligations to the Bank based on any Financing DocumtheentG, uarantee Instrumenetnforcement risk for all obligations of the Partnership secured by the Bairnreks, pective of the fault of the associate who determined the enforcement of tGheuarantee Instrume.nTthe Borrower irrevocably waives its right to rely on any defence, waivers or objections of any kind arising from a joint offer of the Partnership, threeamgent entered into the Partnership and the Beneficiary or from the partnership agreement (arrangement),with regards to the performance of the secured obligations to the Beneficiary oGf uthaerantee Instrume.▇▇▇▇▇ ▇▇▇▇▇▇▇▇ authorizes the Bank to makeethpayment under thGe uaranteeInstrument underthe terms and conditions therein,without any further formalities. (d) Risk under...
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SPECIFIC UNDERTAKING S. 4.1 Current account:sUntil the full satisfaction of all the obligations owed to the Bank under any Financin Document, in addition to the obligations provSideecdtioant5 (General undertakings of the De)btfororsm Chapter 1 G( eneral provision)shereof, the Borrower undertakes to maintain current accounts open with the Bank in each of the Multiproduct Facility Currencies.
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SPECIFIC UNDERTAKING S. Until the full satisfaction of all obligations due to the Bank under any FinancingthDe oBcourmroewnet,r, in addition to the obligations provided Suencdteior n5 (General undertakings of the De)btfororsm Chapter 1 (General provisio)nhsereo,fundertakes to duly and timely perform the followinigonosb:ligat
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Related to SPECIFIC UNDERTAKING S

  • INFORMATION UNDERTAKINGS The undertakings in this Clause 20 remain in force from the date of this Agreement for so long as any amount is outstanding under the Finance Documents or any Commitment is in force.

  • GENERAL UNDERTAKINGS The undertakings in this Clause 22 remain in force from the date of this Agreement for so long as any amount is outstanding under the Finance Documents or any Commitment is in force.

  • Financial Undertakings The Borrower will not enter into or remain liable upon, nor will it permit any Subsidiary to enter into or remain liable upon, any Financial Undertaking, except to the extent required to protect the Borrower and its Subsidiaries against increases in interest payable by them under variable interest Indebtedness.

  • Further Undertakings The Parties agree to promptly execute the documents which are reasonably required or positive for the purpose of implement of this Agreement, and to take further actions which are reasonably required or positive for the purpose of implement of this Agreement.

  • Other Undertakings To protect the interests of the Company and its direct and indirect affiliates and subsidiaries (individually, an “IMS Company” and collectively, the “IMS Companies”), including the confidential information of the IMS Companies and the confidential information of their respective customers, data suppliers, prospective customers and other companies with which the IMS Companies have a business relationship, and in consideration of the covenants and promises and other valuable consideration described in this Agreement, the Company and the Participant agree as follows: (a) The Participant acknowledges and agrees that he or she is bound by the confidentiality and other covenants contained in one or more restrictive covenant and confidentiality agreements that he or she has executed with an IMS Company, which covenants and agreements are incorporated herein by reference and shall survive any exercise, expiration, forfeiture or other termination of this Agreement or the SARs issuable hereunder. The Participant also acknowledges and agrees that the Company shall be an affiliate for purposes of such restrictive covenant and confidentiality agreements. (b) The Participant acknowledges that the opportunity to participate in the Plan and the financial benefits that may accrue from such participation, is good, valuable and sufficient consideration for the following: (i) The Participant acknowledges and agrees that he or she is and will remain bound by the non-competition, non-solicitation and other covenants contained in the restrictive covenant and confidentiality agreement(s) that he or she has executed with any of the IMS Companies to the fullest extent permitted by law. (ii) The Participant further acknowledges and agrees that the period during which the non-competition and non-solicitation covenants in such agreement(s) will apply following a termination of Employment shall be extended from twelve (12) months to eighteen (18) months; provided, however, that the remedies available for breach of any non-competition or non-solicitation covenants during such extended six-month period shall be limited to the following: (x) to the extent then outstanding, the forfeiture of the SARs for no consideration, and (y) to the extent the SARs have been exercised on or after the date that is 18 months before Participant’s cessation of Employment, with respect to the shares of Stock issued upon such exercise (including shares withheld for taxes), the Participant shall pay to the Company an amount equal to (A) the aggregate fair market value of such shares of Stock as of the date of exercise, plus (B) the excess, if any, of the aggregate proceeds of all sales of such shares of Stock over the amount described under subsection (A) above. (For this purpose, the Participant’s earliest sales of shares following such exercise will be deemed sales of the shares acquired upon such exercise.) The Company shall also be entitled to the foregoing remedies in the event of a material breach of any confidentiality, non-disclosure or other similar covenant contained in the restrictive covenant and confidentiality agreement(s) that the Participant has executed with an IMS Company. (iii) The Participant further acknowledges and agrees to the Company’s application, implementation and enforcement of (a) such policy set forth in Section 8(b)(ii) of this Agreement and (b) any provision of applicable law or Company policy relating to cancellation, recoupment, rescission or payback of compensation and expressly agrees that the Company may take such actions as are necessary to effectuate such policy (as applicable to the Participant) or applicable law without further consent or action being required by the Participant. For purposes of the foregoing, the Participant expressly and explicitly authorizes the Company to issue instructions, on the Participant’s behalf, to any brokerage firm and/or third party administrator engaged by the Company to hold Participant’s shares of Stock and other amounts acquired under the Plan to re-convey, transfer or otherwise return such shares of Stock and/or other amounts to the Company. To the extent that the terms of this Agreement and such policy conflict, the terms of such policy shall prevail. (iv) By accepting the SARs, the Participant consents to one or more deductions from any amounts any IMS Company owes the Participant from time to time in an aggregate amount equal to all amounts described in subsection (ii) above, to the extent such deductions are permitted by applicable law. Any such deduction from an amount that constitutes a deferral of compensation under Code Section 409A may only take place at the time the amount would otherwise be payable to the Participant, except to the extent permitted by Code Section 409A.