Obligations to Issue. Pursuant to a share exchange agreement (the "Share Exchange Agreement") between the Company and Highland Shareholders dated November 5, 2004, the Company hereby acknowledges its obligation to issue to ___ Wang Lan Mei ___and/or his nomineex (xoxxxxxx the "Holder") ___3,760,000_shares in the common stock of the Company (the "Obligations") and, accordingly, promises by way of this Debenture to perform and complete the Obligations, upon completion of amendment of the Company's authorized share capital and pursuant to terms and conditions of this Debenture. The Holder acknowledges and agrees that, in the event the Company resolves to consolidate its authorized share capital, the Holder shall be issued such number of shares upon completion of such consolidation, on the basis of the Obligations and the consolidation ratio.
Obligations to Issue. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower and the General Partner herein set forth, the Issuing Bank hereby agrees to issue for the account of Borrower, one or more Facility Letters of Credit in accordance with this Article III, and to renew, extend, increase, decrease, or otherwise modify each Facility Letter of Credit (“Modify”, and each such action, a “Modification”) from time to time during the period commencing on the date hereof and ending on the Business Day prior to the Facility Termination Date. Any Lender shall have the right to decline to be the Issuing Bank for a Facility Letter of Credit provided that if no other Lender agrees to be the Issuing Bank then Administrative Agent shall agree to do so.
Obligations to Issue. Subject to the terms and conditions of this -------------------- Agreement and in reliance upon the representations and warranties of the Borrower and the General Partner herein set forth, the Issuing Bank hereby agrees to issue for the account of Borrower, one or more Facility Letters of Credit in accordance with this Article III, from time to time during the period ----------- commencing on the Closing Date and ending on the Business Day prior to the Revolving Facility Termination Date. Any Revolving Lender shall have the right to decline to be the Issuing Bank for a Facility Letter of Credit provided that if no other Revolving Lender agrees to be the Issuing Bank then Administrative Agent shall agree to do so.
Obligations to Issue. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower and the General Partner herein set forth, the Issuing Bank hereby agrees to issue for the account of Borrower, one or more Facility Letters of Credit in accordance with this Article III, and to renew, extend, increase, decrease, or otherwise modify each Facility Letter of Credit (“Modify”, and each such action, a “Modification”) from time to time during the period commencing on the date hereof and ending on the Business Day prior to the Revolving Credit Termination Date. Any Revolving Credit Lender shall have the right to decline to be the Issuing Bank for a Facility Letter of Credit provided that if no other Revolving Credit Lender agrees to be the Issuing Bank then Administrative Agent shall agree to do so. Notwithstanding anything herein to the contrary, the Issuing Bank shall have no obligation hereunder to issue, and shall not issue, any Letter of Credit the proceeds of which would be made available to any Person (i) to fund any activity or business of or with any Sanctioned Person, or in any country or territory that, at the time of such funding, is the subject of any Sanctions and that would be prohibited by such Sanctions or (ii) in any manner that would result in a violation of any Sanctions by any party to this Agreement.
Obligations to Issue. A RELEASE INSTRUCTION 27.1 Each Seller and the Purchaser is obliged without undue delay upon a corresponding writ- ten request of any Seller or the Purchaser, and the Sellers are obliged to instruct the Sellers' Agent correspondingly, to issue a corresponding Release Instruction if the pre- requisites for the release of any portion of the Escrow Balance under this Section 27 are fulfilled.
Obligations to Issue. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower set forth in this Agreement, the Agent hereby agrees to issue, for the account of Borrower, one or more Facility Letters of Credit in accordance with this Section 2.15, from time to time during the period commencing on the Amendment Effective Date and ending on the Domestic Business Day prior to the Termination Date.
