Common use of OPERATIONAL UNDERTAKINGS Clause in Contracts

OPERATIONAL UNDERTAKINGS. The Borrowers hereby jointly and severally undertake with the Lender that throughout the Security Period the Borrowers shall (and shall procure that each other relevant Security Party shall) comply with the following provisions of this Clause 21.1 except as the Lender may otherwise permit:

Appears in 4 contracts

Samples: Financial Agreement (NewLead Holdings Ltd.), Marfin Egnatia (NewLead Holdings Ltd.), Financial Agreement (NewLead Holdings Ltd.)

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OPERATIONAL UNDERTAKINGS. 19.1 The Borrowers hereby jointly and severally undertake with the Lender Creditor Parties that throughout the Security Period the Borrowers shall (and shall procure that each other relevant Security Party shall) comply with the following provisions of this Clause 21.1 19 except as the Lender may Security Trustee may, with the authority of the Instructing Group, otherwise permit:

Appears in 1 contract

Samples: Financial Agreement (NewLead Holdings Ltd.)

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