Common use of LETTER OF UNDERTAKING Clause in Contracts

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.

Appears in 15 contracts

Samples: Proclamation of Sale, Proclamation of Sale, Proclamation of Sale

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LETTER OF UNDERTAKING. 12.1 MBSB shall not be under no 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 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 and does not amount to any waiver, forbearance or estoppel of any right confers to MBSB herein.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

LETTER OF UNDERTAKING. 12.1 14.1 MBSB shall not be under no 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 facilities facility 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 and does not amount to any waiver, forbearance or estoppel of any right confers to MBSB herein.

Appears in 1 contract

Samples: Loan Agreement

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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 p roperty 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.

Appears in 1 contract

Samples: Proclamation of Sale

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