PAYMENT UNDERTAKING. The Sponsors hereby jointly and severally and unconditionally and irrevocably undertake to the Borrower and as a separate and independent obligation to the Security Agent that in the event that any incident shall occur in relation to the Rig which gives rise to a right to claim under the Delay in Delivery Insurance or the Loss of Hire Insurance they will, within 7 Banking Days of first written demand from the Facility Agent, pay to the Borrower in accordance with Clause 9 such amount as is determined by the Facility Agent to be equal to the amount of any Insurance Deductible applicable in respect of each such claim.
PAYMENT UNDERTAKING. The Sponsors hereby jointly and severally and unconditionally and irrevocably undertake to the Borrower and as a separate and independent obligation to the Security Agent that in the event that in any calendar month the Monthly Opex Amount exceeds the Monthly Outgoings for that calendar month they will, within 7 Banking Days of first written demand from the Facility Agent, pay to the Borrower in accordance with Clause 9 such amount as is determined by the Facility Agent to be equal to the amount of such excess for that calendar month.
PAYMENT UNDERTAKING. The Borrower hereby promises to pay to the Lender the Loan and all interest accrued thereon in accordance with the terms of this Agreement.
PAYMENT UNDERTAKING. Reference is hereby made to that certain Shareholders’ Right Agreement dated as of August 8, 2007, as amended, by and among MediWound Ltd. (“Company”), Teva Pharmaceutical Industries Ltd. (“Teva”), and the Shareholders named therein (“SRA”). Capitalized terms used and not otherwise defined herein, shall have the respective meanings ascribed to them under the SRA. Pursuant to the exercise of the 2010 Deal-Related Repurchase Right set forth in Section 9.1.2 of the SRA, in accordance with the terms set forth in Section 9.1.2(z)(b)(ii) to the SRA, the Company hereby undertakes to pay Teva an amount equal to 20% of any of the Company’s recognized revenues (according to the Company’s financial statements, which will be prepared in accordance with Israeli generally accepted accounting principles), from the sale or the license by the Company or its Affiliates of the 2010 Licensed Products, from time to time thereafter, up to an aggregate amount equal to 160% of the 2010 Consideration. The Company shall make the aforesaid payments to Teva from time to time within 45 days following the later of actual receipt by the Company of such revenues and the recognition of such revenues by the Company in its annual financial statements under applicable financial principals. In addition, the Company hereby pays Teva an additional one (1) U.S. Dollar in accordance with Section 9.1.3(iv) of the SRA.
PAYMENT UNDERTAKING. The Payment Undertaking Issuer shall have received the Undertaking Fee under the Payment Undertaking Agreement and pledged its right, title and interest, if any, under the Payment Undertaking Agreement to the Owner Trustee pursuant to the Payment Undertaking Pledge Agreement.
PAYMENT UNDERTAKING. Old Dominion shall have paid the Bank the Specified Sum and the fee payable under the Payment Undertaking Agreement and pledged its right, title and interest, if any, under the Payment Undertaking Agreement to the Facility Owner pursuant to the Payment Undertaking Pledge Agreement.
PAYMENT UNDERTAKING. If any Group Company, the Purchaser or any member of the Purchaser’s Group would incur any Loss as a result of or in connection with any of the matters referred to in Clause 11.1, the Sellers shall pay to the Purchaser on demand a sum equal to the amount of such Loss.
PAYMENT UNDERTAKING. The patient undertakes that it is their responsibility to pay for the service received from Veincentre whether or not they have private medical insurance or an arrangement with any other third party. Where Veincentre has a direct billing arrangement with their private medical insurer they undertake to provide all the necessary information to Veincentre and insurance provider to enable this arrangement to be utilised. We require payment in full or a deposit at or before the time of treatment. See Fees section for further information.
