Positive Undertakings. At all times until full discharge of the Secured Obligations, the Issuer covenants with the Security Trustee that it shall:
(a) inform the Security Trustee without undue delay of the occurrence of any event which results in any of the representations and warranties contained in Clause 5 (Representations and Warranties) hereof being untrue or inaccurate;
(b) inform the Security Trustee without undue delay of any attachment (Pfändung) in respect of the Pledged Bonds or any part thereof, or any other event which may impair or jeopardise the Security Trustee's rights relating to the Pledged Bonds. In the event of any such attachment, the Issuer shall provide the Security Trustee without undue delay with a copy of the attachment order (Pfändungsbeschluss) and all other documents which are requested by the Security Trustee and which are necessary or expedient for a defence against such attachment. In addition, the Issuer shall inform the attaching creditor of the existence and effect of this Agreement;
(c) notify the Depo Bank without undue delay about the Pledge, by sending a notice by registered post with return receipt (Einschreiben mit Rückschein), requesting the Depo Bank to acknowledge receipt of the notification by sending to the Security Trustee an acknowledgement, and provide evidence to the Security Trustee in form of a copy of such signed notification and the respective return receipt (Rückschein) within five Business Days after the date of this Agreement; such notification about, and acknowledgement of, the Pledge can also be made as part of any relevant agreement to which the Depo Bank is a party;
(d) if so requested by the Security Trustee, notify Clearstream within 5 Business Days after such request, or procure that Clearstream is notified by the Depo Bank within 5 Business Days after such request, of the Pledges over the Pledged Bonds and the pertinent co-ownership interests in the collective custody holdings (Miteigentumsanteile am Girosammelbestand), and in particular, the assignment of any claims against Clearstream for delivery of the certificates (Abtretung des Herausgabeanspruchs) representing such bonds by registered post with return receipt (Einschreiben mit Rückschein), and provide evidence to the Security Trustee in form of a copy of such signed notification and the respective return receipt (Rückschein) without undue delay; and
(e) use reasonable efforts to procure that, with respect to and/or in connection with the Pledged Bonds, the ...
Positive Undertakings. Subject to the terms of this Deed, the Issuer undertakes to the Beneficiaries as follows:
Positive Undertakings. The undertakings in this Clause 21 (Positive Undertakings) remain in force from the date of this Agreement for so long as any amount is outstanding under the Finance Documents or any Commitment is in force. The Borrower shall, and shall cause each of its Subsidiaries, to comply with the undertakings contained in this Clause 21.
Positive Undertakings. 39 15.3 Negative undertakings ............................................. 40 15.4
Positive Undertakings. 1 Authorisations: The Issuer must promptly obtain, comply with and do all that is necessary to maintain in full force and effect any Authorisation required under any law or regulation of England and Wales that enable it to perform its obligations under the Transaction Documents and to ensure the legality, validity, enforceability or admissibility in evidence of any Transaction Document or that enable it to own its assets and carry on its business as it is being conducted.
Positive Undertakings. The undertakings in this Clause 14.2 remain in force during the Security Period unless otherwise agreed by the Facility Agent (acting on the instructions of the Majority Lenders).
Positive Undertakings. The Buyer hereby undertakes and agrees with the Bank that throughout the Security Period it will:
3.1.1 Document of title to the Ship give irrevocable instructions to the Builders to hold the Ship and the builder’s certificate and any other document of title to the Ship to the order and at the disposal of the Bank and ensure that the Builders comply with such instructions;
Positive Undertakings. The Borrower undertakes and agrees with the Lender that so long as any amount remains to be advanced and/or remains payable and/or any person is under any actual or contingent liability hereunder, it shall:
(i) obtain, comply with each of the terms and conditions of, renew and do all that is necessary to maintain in full force and effect all authorisations, approvals, licences, consents, exemptions, registrations, recordings, filings or notarisations (and, where possible, promptly deliver certified true copies thereof to the Lender) to enable it lawfully to enter into, exercise its rights and perform the obligations expressed to be assumed by it under each Transaction Document to which it is a party and to ensure the legality, validity, enforceability and admissibility in evidence in Indonesia of each Transaction Document to which it is a party and to ensure the validity or priority of the liabilities and obligations of the Borrower and the rights of the Lender thereunder. Furthermore, the Borrower undertakes and agrees with the Lender forthwith to take all such action as the Lender may from time to time notify to the Borrower to ensure the legality, validity, enforceability or admissibility in evidence in England and Singapore of each Transaction Document to which it is a party or to ensure the enforceability and priority thereof under the laws of England and/or Singapore;
(ii) comply in all respects with all laws, regulations and directives relating to or regulating the ownership by it and each of its subsidiaries of their assets (including, without limitation, the Real Property, the Network Assets and all property or assets comprising the Collateral), the carrying on by it of the business it engages in or proposes to engage in and the entry into and performance by it of the obligations expressed to be assumed by it in each Transaction Document to which it is a party;
(iii) maintain insurances on and in relation to its business and assets with reputable underwriters or insurance companies against fire and such other risks and to such extent as is usual for companies carrying on a business such as that carried on by the Borrower and as is usual in respect of the nature of the Project and it will punctually pay all premiums payable in respect of the said policies of insurance and submit to the Lender receipts for such payment. Such policies shall be in such amounts and shall contain such reasonable terms and provisions as shall be approved by the Lender in...
Positive Undertakings. Each Obligor undertakes with each of the Lenders and the Agent that, from the date of this Agreement and so long as any moneys are owing under the Finance Documents and while all or any part of the Commitments remains outstanding, it will:
