Common use of BUSINESS UNDERTAKINGS Clause in Contracts

BUSINESS UNDERTAKINGS. 12.1 The Founders will promote the best interests of the Company and ensure that the Business is conducted in accordance with the Business Plan and with good business practice. 12.2 The Company shall apply the proceeds of the subscription by the Investor for the [First Tranche] Securities [and Second Trance Securities] in the furtherance of the Business in accordance with the Business Plan and the Budget. 12.3 The Founders and the Company severally undertake to the Investor to procure, so far as it lies within their respective power to do so, that the Founders and the Company will comply with the requirements set out in schedule 7.

BUSINESS UNDERTAKINGS. 12.1 11.1. The Founders will promote the best interests of the Company and ensure that the Business is conducted in accordance with the Business Plan and with good business practice. 12.2 11.2. The Company shall apply the proceeds of the subscription by the Investor Investors for the [New Shares] [First Tranche] Securities [Tranche Shares and Second Trance SecuritiesShares] [Note: amend as appropriate] in the furtherance of the Business in accordance with the Business Plan and the Budget. 12.3 11.3. The Founders and the Company severally undertake to the Investor Investors to procure, so far as it lies within their respective power to do so, that the Founders and the Company will comply with the requirements set out in schedule 7.