LETTER OF UNDERTAKING. 14.1 MBSB BANK BERHAD shall not be under obligation to issue any letter of undertaking relating to the refund of the Purchase Price or relating to the property to any financier of the Purchaser notwithstanding that the Purchaser may obtain a loan/financing facility to finance the purchase of the property. In the event MBSB BANK BERHAD decided to issue any letter of undertaking as requested, the issuance of such undertaking is confine strictly to the content of the letter of undertaking and does not amount to any waiver, forbearance or estoppel of any right confers to MBSB BANK BERHAD herein.
LETTER OF UNDERTAKING. 12.1 MBSB shall be under no obligation to issue any letter of undertaking relating to refund of the Purchase Price or relating to the property to any financier of the Purchaser notwithstanding that the Purchaser may obtain a loan facilities to finance the purchase of the property. In the event MBSB decided to issue any letter of undertaking as requested, the issuance of such undertaking is confine strictly to the content of the letter of undertaking does not amount to any waiver, forbearance or estoppel of any right confers to MBSB herein.
LETTER OF UNDERTAKING. 12.1 ABB shall be under no obligation to issue any letter of undertaking relating to refund of the Purchase Price or relating to the property to any financier of the Purchaser notwithstanding that the Purchaser may obtain a loan facilities to finance the purchase of the property. In the event ABB decided to issue any letter of undertaking as requested, the issuance of such undertaking is confine strictly to the content of the letter of undertaking does not amount to any waiver, forbearance or estoppel of any right confers to ABB herein.
LETTER OF UNDERTAKING. This Section is the Payee Letter of Undertaking for PADs issued by the Customer. In accordance with CPA Rule H1, each time this Service is used, the Customer implicitly represents and warrants to, and covenants with, Royal Bank as follows:
LETTER OF UNDERTAKING. The Addl. Chief Engineer, PHE., Zone-I., Meghalaya, Shillong, PHE Administrative Building, Lower Lachumiere, Shillong : 793 001, Meghalaya. Description : Providing additional Water Supply from Xx Xxxx Tynrah Spring Source to Block I, Block II & Block III of Lawsohtun, East Khasi Hills Dear Xxx, We the undersigned bidder, have read and examined in detail the specification and documents of the works described above and hereby propose to execute the Works for the Contract Xxxxx stated in the Financial Bid. We accept the proposal of advance payment up to a maximum of 10% of contract value for construction activities as per the Conditions prescribed by the Employer. This Bid and your written acceptance of it shall constitute a binding contract between us. We understand that you are not bound to accept the lowest or any Bid you receive. We undertake that in competing for (and, if the award is made to us, in executing) the above contract, we will strictly observe the laws against fraud and corruption in force in India namely, "Prevention of Corruption Act, 1988. We hereby confirm that this Bid complies with the Bid Validity and Bid Security required by the Bidding documents. We attach herewith our current income tax and sales tax clearance certificates. Yours faithfully, Authorized Signature : Name & Title of Signatory: Name of Bidder : Address :
LETTER OF UNDERTAKING. 14.1 MBSB BANK BERHAD shall not be under obligation to issue any letter of undertaking relating to the refund of the Purchase Price or relating to the property to any financier of the Purchaser notwithstanding that the Purchaser may obtain a loan/financing facility to finance the purchase of the property. In the event MBSB BANK BERHAD decided to issue any letter of undertaking as requested, the issuance of such undertaking is confine strictly to the content of the letter of undertaking and does not amount to any waiver, forbearance or estoppel of any right confers to MBSB BANK BERHAD herein. 15.0 COMPLETION 15.1 As soon as practicable after the receipt in full by MBSB BANK BERHAD of the Balance Purchase Price together with all ta’widh on late payment (if any) MBSB BANK BERHAD shall execute or caused to be executed in favour of the Purchaser an assignment of all right, title, interest and benefits under the Principal Sale and Purchase Agreement entered into between the Developer and/or the Proprietor/Landowner and the original Purchaser over the property (“The Deed of Assignment”)
LETTER OF UNDERTAKING. 3. Except as the Administrator shall otherwise agree, each Letter of Undertaking shall include, inter alia, the following provisions:
LETTER OF UNDERTAKING. Dear Sirs: Reference is made to the Shareholders Agreement entered into by and among Iconix China Limited, Rampage China Limited and Mecox Lane Limited as of December 8, 2008 (as amended, the “Shareholders Agreement,” all capitalized terms used herein and not otherwise defined herein shall have the meaning ascribed to them in the Shareholders Agreement), which was assigned by Iconix China Limited to ICL-Rampage Limited in February 2010. We hereby agree, undertake and covenant that, for a period (the “Waiver Period”) beginning on the date hereof and ending on, and including, the first anniversary of the closing date of the Company’s initial public offering of ordinary shares represented by American Depositary Shares (the “IPO”), we will not exercise any of our rights, options and/or interest arising from or in relation to Sections 8.2 and 19.1 through 19.5 thereof; provided that such undertaking and covenant shall be void and of no effect if the IPO is not consummated by December 31, 2010; and provided further, for the avoidance of doubt, that any of such rights, options and/or interest which would otherwise be or become exercisable during the Waiver Period shall remain exercisable after the end of the Waiver Period. We hereby further represent and acknowledge that (x) there is sufficient consideration for the execution, delivery and performance of this Letter of Undertaking, and (y) the execution, delivery and performance of this Letter of Undertaking have been duly authorized by all requisite action on our part and (z) this Letter of Undertaking constitutes legal, valid and binding obligations of ours, enforceable against us in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the right of creditors generally and by general principles of equity. We hereby further agree, undertake and covenant that we will not assert, or assist in asserting, any claim against Mecox Lane Limited or any of its affiliates that contradicts any of the agreements in this Letter of Undertaking. This Letter of Undertaking shall be governed by and construed in accordance with the Laws of Hong Kong. This Agreement shall inure to the benefit of your successors or assigns and is binding upon our successors and assigns. Very truly yours, ICL-Rampage Limited By: /s/ Vxxxxxxx Xxxx Name: Vxxxxxxx Xxxx
LETTER OF UNDERTAKING. Except for transfers permitted by Section 5.1.4 above, Ernstson shall not, except with the prior written consent of SEFL, effect any transfer without the Transferee accepting to be bound by the terms of this Agreement by signing a letter of undertaking as if the Transferee had been a Shareholder at all times for the purposes of this Agreement and had assumed the benefit of the rights and the burden of the obligation(s) of a Shareholder under this Agreement. Such undertaking shall be delivered to the Company at its registered office and a certified copy shall be delivered to SEFL.
LETTER OF UNDERTAKING. If there is any “significant” increase in the National MECA hourly rates, the Board will give serious consideration to the situation and the possibility of varying the Collective Agreement, provided that Bidwill can financially support such a variation.
