No Front Running Undertaking Clause Samples

No Front Running Undertaking. 7.1 Each Arranger and Original ▇▇▇▇▇▇ acknowledges and agrees that during the Syndication Period: (a) it will not, and it will procure that none of its Affiliates (together its "Arranger Group") will engage in any Front Running; (b) if it or any other member of its Arranger Group engages in any Front Running, the other members of the Arranger Group may suffer loss or damage; (c) if it or any of its Affiliates engages in Front Running in respect of any of the Facilities, the other members of the Arranger Group retain the right not to allocate to it a participation under the Facilities; and (d) it confirms that neither it nor any other member of its Arranger Group has engaged in any Front Running. 7.2 Any arrangement, front end or similar fee which may be payable to a member of the Arranger Group in connection with any of the Facilities is only payable on condition that neither it nor its Affiliates has breached the terms of this letter. This condition is in addition to any other conditions agreed between the Arrangers in relation to the entitlement of each Arranger to any such fee. 7.3 For the purposes of this paragraph 7: