Borrower’s Undertaking. The Borrower undertakes to the Charterer that it shall not make any claim against the Vessel and/or the Charterer arising from any transfer or novation of the Charter to the Security Trustee or any Substitute Owner or from the entry into a new agreement by the Charterer with a Replacement Owner. The Security Trustee acknowledges that delivery by the Borrower of a notice in writing to the Charterer stating that the Borrower has no claim, and has no intention of making such a claim, against the Vessel and/or the Charterer which may arise from such transfer or novation or from the entry into a new agreement shall be a condition precedent to the effectiveness of any transfer, novation or new agreement.
Borrower’s Undertaking. The Borrower undertakes to the Finance Parties that it shall use all reasonable endeavours to procure the introduction of such Additional Lender(s) as soon as possible after the date hereof so as to give effect to the intention of the parties to this Agreement for the purposes of this Clause.
Borrower’s Undertaking. The Borrower undertakes to the Finance Parties that it shall use all reasonable endeavours to procure the occurrence of the circumstances set out in Clause 24.1 as soon as possible after the date hereof so as to give effect to the intention of the parties to this Agreement for the purposes of this Clause.
Borrower’s Undertaking. 8.1 Not later than July 31, 2008, the Borrower shall provide the Lenders with a certified copy of directors' resolutions of the Borrower, in form and substance satisfactory to counsel to the Lenders, authorizing and approving the execution and delivery of this First Amending Agreement, and any other agreements or documents relating thereto.
Borrower’s Undertaking. The Borrower undertakes:
a) To repay to the Bank, the Loan and interest thereon in the manner stated below:
b) Authorises the Bank to debit his funding account number for recovery of the Loan installments and interest and undertakes to make available sufficient cleared funds in the account for the timely recovery thereof as and when due for payment.
c) All interest, commission, charges, costs, fees, expenses of whatever nature including but not restricted to registration fees, legal costs, court fees and lawyers’ fees due or incurred in respect of the Loan or in respect of the Bank : سكافلا مقر : فتاهلا مقر نوناقل اقفو تسسأت ةماع ةمهاسم ةكرش وهو ، (ع ع م ش) ينامعلا ينطولا كنبلا .2 ،4/00370/1 يراجتلا هلجس مقرو ،نامع ةنطلس يف ةيفرصملا نيناوقلاو ةيراجتلا تاكرشلا ، 112 يديربلا زمرلا ،يور 751 ب .ص يديربلا ناونعلا ، طـــقسم يف عقي لجسملا هبتكمو مساب نيعمتجم نيفرـــــطلا ىلإ راشيو ، (»كنبلا« مــــــــساب دعب اميف هيلإ راشيو) نامع ةنطلس .»فارطلأا« ىلع قفاو دق كنبلا نأو ،ايصخش اضرق /ايكلاهتسا اضرق هحنم كنبلا نم ṇلط دق ضرتقملا .ةيلاتلا طورشلاو دونبلل اقفو ṇتارلا نامضب اضرق هحنم لاير :ضرقلا غلبم ةنسلا يف ةدئافلا رعس ] عقاوب ةيرهش طاسقأ ددعب هلاعأ روكذملا رعسلاب ةدئافلا ادئاز ضرقلا غلبم دادس يغبني ضرقلا ةيقافتا ṇجومب هقوقح ةفاك دادرتسا كنبلا لمكي ىتح ،طسق لكل لاير [ ةينذلإا تادنسلاو ، ةيصخشلا تانامضلا ةيقافتاو ،ضرعلا ةلاسرو ،ضرقلا ṇلط ةرامتسا اهيلإ راشيو) ضرقلا اذهب قلعتي اميف اهميدقت / اهيلع لوصحلا مت يتلا تادنتسملا نم اهريغو أرقت نأ ṇجيو ، ضرقلا ةيقافتا نم أزجتي لا اءزج لكشت ، (»ضرقلا تادنتسم« مساب دعب اميف تادنتسم دونبل اقفو اهذيفنت متي نأ نكمي ىرخأ تادنتسم ةيأ عمو ضعبلا اهضعب عم نارتقلااب مت تلااصتا وأ تادنتسم وأ ،تلاسارم وأ ، تاباطخ يأ لحم هذه ضرقلا تادنتسم لحتس ىلع ةبترتملا تامازتللاا ةفاك عـــــضختس و ،ضرقلا اذهب قلعتي اميف قباـــــس تقو يف اهلدابت تادنتسم نمض ةدراولا طورشلاو دونبلل لبقتسملا يف ضرــــــقلاب قلعتي اميف كنبلل ضرتقملا .ضرقلا اذه ةيلاملا هتامازتلا ةفاك لاوأ رخلآا كنبلل ددسي نأب كنبلا ضرتقملا لوخي ،ضرقلا ءارش ةلاح يف ليوحت باطخ كنبلل ضرتقملا مدقي امدنع .هل حونمملا ضرقلا ةليصح نم كلذو كنبلا كلذل نم ىقبت ام عاديإ كنبلل زوجي طقف ذئدنع ،كنبلا ىدل هباسح يف ṇتار لوأ ملاتسا دعبو ṇتارلا .ضرتقملا باسح يف ضرقلا غلبم دادرتسلا مقر هب صاخلا ضرقلا ليومت باسح نم مصخلاب كنبلا ضوفي (ب يف دادسلل باسحلا يف ةيفاكلا غلابملا ريفوتب دهعتيو هيلع ةبترتملا دئاوفلاو ضرقلا طاسقأ .عفدلا قاقحتسا دنعو ،ددحملا تقولا enforcing its right under the Loan will be debited to the Borrower’s account with the Bank and shall become part of the Borrower’s liability to the Bank. The Borrower ...
Borrower’s Undertaking. The Borrower shall comply with the terms and conditions of this contract, some of which are reproduced in the “General terms” for the facility. On expiry of the agreed overdraft period, the borrower shall, unless the Bank has agreed to an extension of the overdraft period in accordance with section 7 in the “General Terms” for the facility, immediately pay his debt under the contract. When the borrower’s right to utilise the facility has expired, the borrower must immediately return unused cheques as well as any other instruments for operation of the account. Account with overdraft facility for purposes other than personal consumption Branch Sundbyberg Place, date Place, date Borrower’s signature XPEEDIO SUPPORT SOLUTIONS AKTIEBOLA G Bank’s signature Svenska Handelsbanken AB (publ) Name in block letters Name in block letters Documents in order Date Signature Applying from May 2009 General terms for Contract A – Account with overdraft facility for purposes other than personal consumption, applying from May 2009
Borrower’s Undertaking. 7.1 Draw and use the loan according to the period and use agreed in this contract, the borrowed money shall not enter the securities market or the futures market in any form or for any other use prohibited or limited by the relevant laws and regulations.
7.2 Pay up the principal, interest and any other sum of money payable according to the agreement of this contract.
7.3 Be ready to cooperate with the lender in the examination and supervision of the use of the loan capital including the use in the forms of account analysis, voucher check, and on-the-spot investigation, and shall regularly aggregate and report the use of the loan capital according to the requirement of the lender.
7.4 The borrower shall accept the credit check by the lender, and shall provide, according to the requirement of the lender, the true, accurate, and complete financial materials and any other materials that can reflect the debt repayment capability of the borrower, including all account-opening banks, bank account numbers, and deposit balance, and shall actively help and cooperate with the lender in investigating, getting to know and supervising its production, operation and financial conditions.
7.5 The borrower shall not distribute share interest and bonus in any form before paying up the principal and interest of the loan under this contract and any other sum of money payable.
7.6 In taking actions such as merger, separation, capital reduction, equity change, joining partnership, withdrawal from partnership, major asset and creditor’s right transfer, major foreign investment, material addition of debt financing and other actions that may possibly cause unfavorable influence on the rights and interests of the lender, the borrower shall obtain the written approval of the lender in advance.
7.7 Whenever any of the following circumstances occurs, the borrower shall notify the same to the lender:
(1) Change of the matters such as the name, seal, articles of association, domicile, legal representative or person-in-charge, contact address of the company;
(2) Business closedown, dissolution, liquidation, suspension of business for rectification, revocation of business license, cancellation or application for bankruptcy or being applied for bankruptcy;
(3) Involve or may involve major economic dispute, lawsuit, arbitration, or assets are closed down, detained or executed forcibly, or the competent organs such as judicial authority, taxation and industrial and commercial administrations ...
Borrower’s Undertaking. 8.1 In consideration of the Loan by the Lender hereunder, the Borrower hereby undertakes to the Lender that without the prior written consent of the Lender it shall not, and shall procure its holding company (including its ultimate holding company and individual shareholders) and subsidiaries not to, so long as the Loan or any part thereof or any interests accrued thereon remains outstanding, or if later, on or prior to the Repayment Date:
(a) commence or continue any negotiation, discussion, exchange of view or other contact in relation to or with a view to seeking any loan, advance, funding or other form of investment or finance whatsoever from any third party, or enter into any contract, agreement, commitment, memorandum of understanding, letter of intent, or anything having similar effect to the foregoing, whether oral or written, with any third party to borrow any amount of funds or seek any form of investment, advance or finance whatsoever from such third party;
(b) commence or continue any negotiation, discussion, exchange of view or other contact in relation to the sale or other form of disposal of the Option Shares, or any part thereof or any interest therein, or with a view to seeking any intended or interested purchaser of the Option Shares, or enter into any contract, agreement, commitment, memorandum of understanding, letter of intent, or anything having similar effect to the foregoing, whether oral or written, with any third party to sell or otherwise dispose of the Option Shares, or any part thereof or any interest therein;
(c) issue to any third party any shares, securities, debentures, bonds, warrants or the like; or
(d) sell, assign, transfer or otherwise dispose of any of its shares in C9I (or any interest or benefit therein) to any third party, or to pledge, charge or create encumbrances or third party rights of any description on such shares, or permit to exist any lien, security interest, or other encumbrance upon or with respect to any of such shares, except for the security interest created by and under this Agreement.
8.2 So long as the Loan or any part thereof or any interests accrued thereon remains outstanding, the Borrower shall procure C9I, without the prior written consent of the Lender, not to:
(a) borrow any money or secure new financing other than through the Lender; or
(b) issue to any third party any shares, securities, debentures, bonds, warrants or the like.
Borrower’s Undertaking. For as long as the Loan remains outstanding under this Agreement to the Lender, the Borrower undertakes with the Lender as follows:
Borrower’s Undertaking. 3.1 To provide the Lender with authentic, complete and valid materials;
3.2 To cooperate with the Lender in Loan payment management, post-loan management and relevant inspections;
3.3 Not to use the Loan fund for investment in fixed assets, equity, etc., and not to use the Loan fund in areas and for purposes of production and operation prohibited by the state; not to avoid the entrusted payment by the Lender by splitting a large amount into several smaller drawdowns or payments;
3.4 To fully perform all obligations under the Agreement.
