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.
GENERAL UNDERTAKINGS. The undertakings in this Clause 20 remain in force from the Signing Date for so long as any amount is outstanding under the Finance Documents or any Commitment is in force.
GENERAL UNDERTAKINGS. Each of the Trustee and the Manager severally undertake to the Approved Seller as follows in relation to the Trust, except to the extent that the Approved Seller consents.
(a) (AUTHORISATIONS) It will ensure that each Authorisation (which, in the case of the Trustee, is limited to any Authorisation relating to the Trustee in its capacity as trustee of the Trust and not to the Trust generally) required for:
(i) the execution, delivery and performance by it of the Trust Documents to which it is expressed to be a party and the transactions contemplated by those documents;
(ii) the validity and enforceability of those documents; and
(iii) the carrying on by it of its business as now conducted or contemplated, is obtained and promptly renewed and maintained in full force and effect. It will pay all applicable fees for them. It will provide copies promptly to the Approved Seller when they are obtained or renewed.
(b) (NEGATIVE PLEDGE) It will not create or allow to exist a Security Interest over the Assets of the Trust other than:
(i) under the Trust Documents; or
(ii) a lien arising by operation of law in the ordinary course of day-to-day trading and not securing indebtedness in respect of financial accommodation where it duly pays the indebtedness secured by that lien other than indebtedness contested in good faith.
(c) (COMPLY WITH OBLIGATIONS) It will duly and punctually comply with its obligations under the Trust Documents.
(d) (NOTICE TO APPROVED SELLER) It will notify the Approved Seller as soon as it becomes actually aware of any proposal by a Government Agency to acquire compulsorily any Assets of the Trust.
GENERAL UNDERTAKINGS. The undertakings in this clause 19 (General Undertakings) are given in favour of each Finance Party and remain in force from the Signature Date for so long as any amount is outstanding under the Finance Documents or any Commitment is in force.
GENERAL UNDERTAKINGS. The Charter Guarantor hereby agrees and undertakes to the Mortgagee that it will at all times throughout the Security Period:
7.1.1 deliver to the Mortgagee sufficient copies of each of the following documents:
(a) not later than one hundred and eighty (180) days after the end of each financial year, the audited balance sheet and profit and loss account of the Charter Guarantor and the audited consolidated balance sheet and the consolidated profit and loss account of the Group for such financial year and a cash flow statement for the Group for such financial year together with the report of the auditors thereon, the notes thereto and the directors' report thereon, if any;
(b) at the time of issue thereof every report, circular, notice or like document issued by the Charter Guarantor to its shareholders or creditors generally;
(c) at the time of the delivery of the annual audited financial statements, a statement from the Charter Guarantor's auditors stating the respective amounts of the Net Asset Value, Book Equity, the Total Debt and the Total Market Value Adjusted Assets, in respect of or, as the case may be, as at the end of the financial year to which such financial statements relate indicating the manner in which the same have been calculated and whether or not the limits imposed by clauses 7.2.1, 7.2.4 and 7.2.5 have or have not been exceeded at such time and so that each such statement shall (in the absence of manifest error or in the absence of the Mortgagee reaching a different determination pursuant to clause 7.2.8) be conclusive evidence of such amounts or facts for the purposes of this Deed; and
7.1.2 comply with its obligations under the Charter Guarantee.
GENERAL UNDERTAKINGS. The undertakings in this Clause 22 remain in force for the duration of the Facility Period.
GENERAL UNDERTAKINGS. The undertakings in this clause shall remain in force from the date of this Agreement until the Discharge Date.
GENERAL UNDERTAKINGS. Each Obligor gives the undertakings set out in this Clause 25 to each Finance Party and such undertakings shall remain in force throughout the Security Period.
GENERAL UNDERTAKINGS. The Borrower undertakes that this clause 21 will be complied with throughout the Facility Period.
GENERAL UNDERTAKINGS. The undertakings in this Clause 12 remain in force from the date of this Agreement for so long as any amount is outstanding under this Agreement.
