Additional Undertaking definition

Additional Undertaking means (a) cash or Cash Equivalents or (b) a Surety Bond, Guaranty or Letter of Credit which is (i) provided by a Person, (ii) whose long-term unsecured debt is rated at least AA (or equivalent) and (iii) is otherwise satisfactory to Mortgagee. Additional Undertakings shall be addressed directly to Mortgagee and shall name Mortgagee as the beneficiary thereof and the party entitled to make claims thereunder.
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Additional Undertaking means (i) cash or cash equivalents or (ii) a Surety Bond, an Additional Undertaking Guarantee or an Additional Undertaking Letter of Credit which is provided by a Person, whose long- term unsecured debt is rated at least "AA" (or equivalent) by a nationally recognized statistical rating agency and is otherwise satisfactory to the Collateral Agent; Additional Undertakings are addressed directly to the Collateral Agent and name the Collateral Agent as the beneficiary thereof and the party entitled to make claims thereunder.
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Additional Undertaking means (a) cash or cash equivalents or (b) a Surety Bond, an Additional Undertaking Guarantee or an Additional Undertaking Letter of Credit which is (i) provided by a Person, (ii) whose long- term unsecured debt is rated at least "AA" (or equivalent) by a nationally recognized statistical rating agency and (iii) is otherwise satisfactory to Beneficiary. Additional Undertakings shall be addressed directly to Beneficiary and shall name Beneficiary as the beneficiary thereof and the party entitled to make claims thereunder.
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Examples of Additional Undertaking in a sentence

  • Notwithstanding the foregoing provisions of this section 4.23(d), no contest of any such obligations may be pursued by the Corporation if such contest would expose the Collateral Agent, or any of the Administrative Agent, Trustee, Lenders or Noteholders to any possible criminal liability or, unless the Corporation shall have furnished an Additional Undertaking therefor satisfactory to the Collateral Agent or for any civil liability for failure to comply with such obligations.

  • GUARANTY 75 Section 10.01 Guaranty by the Borrowers 75 Section 10.02 Additional Undertaking 75 Section 10.03 Guaranty Unconditional 75 Section 10.04 Borrowers Obligations to Remain in Effect; Restoration 76 Section 10.05 Waiver of Acceptance, etc.

  • Pursuant to the Additional Undertaking and the possibility of an mandatory take-over offer obligation being triggered under the Malaysian Code on Take Over and Mergers, 2010 (“Code”) as set out in Section 2.2.4 below, a fresh approval from the Unit Holders is to be sought in respect of the Proposed Rights Issue.

  • The Manager has procured the Undertakings from Permodalan Nasional Berhad (“PNB”) and AmanahRaya Trustees Berhad as trustee for Amanah Saham Bumiputera (“ASB”) and the Additional Undertaking from PNB in relation to the Proposed Rights Issue.

  • In view of the Undertakings procured from the substantial Unit Holders of AHP (“Undertaking Unit Holders”) and the Additional Undertaking procured from PNB, the underwriting arrangement is no longer required for the Proposed Rights Issue.

  • Further details on the Proposals and Additional Undertaking are set out in the ensuing sections of this announcement.

  • GUARANTY 101 Section 10.01 Guaranty by the Borrower 101 Section 10.02 Additional Undertaking 101 Section 10.03 Guaranty Unconditional 102 Section 10.04 Borrower Obligations to Remain in Effect; Restoration 102 Section 10.05 Waiver of Acceptance, etc.


More Definitions of Additional Undertaking

Additional Undertaking means (a) cash or cash equivalents or (b) a surety bond, an Additional Undertaking Guarantee or an Additional Undertaking Letter of Credit which is (i) provided by a Person, (ii) whose long-term unsecured debt is rated at least "AA" (or equivalent) by a nationally recognized statistical rating agency and (iii) is otherwise satisfactory to the Collateral Agent. Additional Undertakings shall be addressed directly to the Collateral Agent and shall name the Collateral Agent as the beneficiary thereof and the party entitled to make claims thereunder.
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Additional Undertaking means (a) cash or Cash Equivalents or (b) a Surety Bond, Guaranty of Letter of Credit which is (i) provided by a Person, (ii) whose long-term unsecured debt is rated at least AA (or equivalent) and (iii) is otherwise satisfactory to Mortgagee. Additional Undertakings shall be addressed directly to Mortgagee and shall name Mortgagee as the beneficiary thereof and the party entitled to make claims thereunder.
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Additional Undertaking means, in relation to each Ship, the undertaking executed or to be executed by M▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ and included in the Amended and Restated Approved Manager’s Undertaking in respect of that Ship and, in the plural, means all of them;
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Additional Undertaking means (i) cash or cash equivalents or (ii) a Surety Bond, an Additional Undertaking Guarantee or an Additional Undertaking Letter of Credit which is provided by a Person, whose long-term unsecured debt is rated at least "AA" (or equivalent) by a nationally recognized statistical rating agency and is otherwise satisfactory to the Collateral Agent; Additional Undertakings are addressed directly to the Collateral Agent and name the Collateral Agent as the beneficiary thereof and the party entitled to make claims thereunder;
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Related to Additional Undertaking