Common use of Additional Undertakings Clause in Contracts

Additional Undertakings. The Guarantor shall not and shall procure that no Obligor shall do (or fail to do) or cause or permit another person to do (or omit to do) anything which is likely to: (a) make it unlawful for an Obligor to perform any of its obligations under the Transaction Documents; (b) cause any obligation of an Obligor under the Finance Documents to cease to be legal, valid, binding or enforceable if that cessation individually or together with any other cessations materially or adversely affects the interests of the Secured Parties under the Transaction Documents; (c) cause any Transaction Document to cease to be in full force and effect; (d) cause any Security Interest created under the Finance Documents to lose its priority or ranking; and (e) imperil or jeopardise any Security Interest created under the Finance Documents. 12 Judgments and Currency Indemnity 12.1 Judgments relating to Loan Agreement This Guarantee shall cover any amount payable by the Borrower under or in connection with any judgment relating to the Loan Agreement. 12.2 Currency indemnity In addition, clause 20.4 (Currency indemnity) of the Loan Agreement shall apply, with any necessary adaptations, in relation to this Guarantee.

Appears in 5 contracts

Samples: Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.)

AutoNDA by SimpleDocs

Additional Undertakings. The Guarantor shall not and shall procure that no Obligor shall do (or fail to do) or cause or permit another person to do (or omit to do) anything which is likely to: (a) make it unlawful for an Obligor to perform any of its obligations under the Transaction Documents; (b) cause any obligation of an Obligor under the Finance Documents to cease to be legal, valid, binding or enforceable if that cessation individually or together with any other cessations materially or adversely affects the interests of the Secured Parties under the Transaction Documents; (c) cause any Transaction Document to cease to be in full force and effect; (d) cause any Security Interest created under the Finance Documents to lose its priority or ranking; and (e) imperil or jeopardise any Security Interest created under the Finance DocumentsInterest. 12 Judgments and Currency Indemnity 12.1 Judgments relating to Loan Agreement This Guarantee shall cover any amount payable by the Borrower under or in connection with any judgment relating to the Loan Agreement. 12.2 Currency indemnity In addition, clause 20.4 (Currency indemnity) of the Loan Agreement shall apply, with any necessary adaptations, in relation to this Guarantee.

Appears in 4 contracts

Samples: Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!