Purchaser’s Undertakings. In order to give effect to the Novation, and with effect from Completion, the Purchaser hereby: (a) undertakes to the Seller, HLNG and the Company to observe, perform, discharge and be bound by the Loan Agreement as if the Purchaser was a lender under the Loan Agreement in respect of the Novation Amount; (b) undertakes to the Seller, HLNG and the Company to observe, perform, discharge and be bound by the Loan Agreement as if the Purchaser was a lender of 3 per cent. of the Loan under the Loan Agreement in respect of obligations falling to be performed by a lender on and from the date of Completion; and (c) accepts the Company’s undertaking to observe, perform, discharge and be bound by the Loan Agreement (to the extent set out in Clause 4).
Appears in 3 contracts
Samples: Novation Deed, Novation Deed (Hoegh LNG Partners LP), Novation Deed (Hoegh LNG Partners LP)
