Security and Undertakings Sample Clauses

Security and Undertakings. 7.1. Without prejudice to clause 8 below, the repayment of the Company Secured Obligations shall be secured, inter alia, by the following security:
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Security and Undertakings a. The following security and undertakings (verklaringen) have been or will be provided to secure any and all present or future indebtedness of the Borrower to HBU on account of the Loan or on any other basis whatsoever (including indebtedness arising from derivative transactions), whether or not arising in the ordinary course of banking business: – First preferred mortgage on the vessel m.v. “Free Destiny”, registered under the flag of the Xxxxxxxx Islands. IMO number 0000000, call letters V7GD9. Xxxxxx details are included in the mortgage deed. On this mortgage the laws of the Xxxxxxxx Islands is applicable. – Second preferred mortgage on the vessel m.v. “Free Destiny”, registered under the flag of the Xxxxxxxx Islands. IMO number 0000000, call letters V7GD9. Xxxxxx details are included in the mortgage deed. On this mortgage the laws of the Xxxxxxxx Islands is applicable. – First preferred mortgage of USD 6,000,000 plus 40% for cost and interest on the m.v. “Free Envoy”, registered under the flag of the Xxxxxxxx Islands. Official number 2161, call letters V7GR6. Xxxxxx details are included in the mortgage deed. On this mortgage the laws of the Xxxxxxxx Islands is applicable. – Second preferred mortgage on the m.v. “Free Envoy”, registered under the flag of the Xxxxxxxx Islands. Official number 2161, call letters V7GR6. Xxxxxx details are included in the mortgage deed. On this mortgage the laws of the Xxxxxxxx Islands is applicable. – First preferred mortgage of USD 38,500,000 plus 40% for cost and interest on the m.v. “African Protea” t.b.r. “Free Knight”, registered under the flag of the Common wealth of the Bahamas. Official number 0000000`, call letters VRCC3. Xxxxxx details are included in the mortgage deed. On this mortgage the laws of the Xxxxxxxx Islands is applicable. – Independent corporate guarantee of USD 34,600,000 plus costs and interest, from FreeSeas Inc, established in Majuro, Xxxxxxxx Islands. – First pledge of rights and earnings under the time charter contracts in respect of the m.v. “Free Destiny”, m.v. “Free Envoy” and the m.v. “African Protea” t.b.r. “Free Knight”. – First pledge of rights under insurance policies covering at least Hull and Machinery, Protection & Indemnity (P&I) in respect of the m.v. “Free Destiny”, m.v. “Free Envoy” and the m.v. “African Protea” t.b.r. “Free Knight”.
Sample 1
Security and Undertakings. 7.1 (A) All the obligations of the Borrower in respect of the Loan shall at all times be unconditionally secured by securities required by the Lender, including the charge over all shares of An Qiao, FastWealth (Cayman) and Hope Spring and guarantee a guarantee to be given by the Guarantor in respect of the obligations of the Borrower under this Loan Agreement, and any other security as reasonably required by the Lender. The Parties acknowledge that the Share Charge (An Qiao), the Share Charge (FastWeatlh (Cayman)), the Share Charge (Hope Spring) and the Guarantee have been entered into as security on or about the date of the Amended and Restated Convertible Bond Instrument. The Parties hereby agree, and the Borrower undertakes that, as part of the security under this Loan Agreement, the Borrower will procure the Covenantors to enter into the Security Documents as soon as practicable, in any event no later than three months from the date of this Loan Agreement, or such other date as agreed in writing between the Parties.
Sample 1
Security and Undertakings 
Sample 1

Related to Security and Undertakings

  • WARRANTIES AND UNDERTAKINGS 17.1 Each Party warrants to the other that:

  • Representations and Undertakings 2.1. The Trust represents to the Distributor that all registration statements filed by the Trust with the SEC under the 1933 Act, with respect to Shares have been prepared in conformity with the requirements of the 1933 Act and rules and regulations of the SEC thereunder.

  • Covenants and Undertakings The Grantor covenants and undertakes that:

  • REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS 3.1 Each Party hereby represents and warrants to the other Party that, as of the date this Contract Amendment No. 1 is signed and as of the Effective Date of this Contract Amendment No. 1:

  • Additional Agreements and Understandings Even though FICO will provide consideration for me to settle and release My Claims, the Company does not admit that it is responsible or legally obligated to me. In fact, the Company denies that it is responsible or legally obligated to me for My Claims, denies that it engaged in any unlawful or improper conduct toward me, and denies that it treated me unfairly.

  • Representations and Understandings The undersigned hereby makes the following representations, warranties and agreements and confirms the following understandings:

  • Negative undertakings The Borrower will not:

  • COMPLIANCE UNDERTAKINGS 6.1. The Fund undertakes to comply with Subchapter M and Section 817(h) of the Code, and all regulations issued thereunder.

  • Representations, Warranties and Covenants of the Securities Intermediary The Securities Intermediary hereby represents and warrants to the Assignee-Secured Party, the Initial Secured Party and the Seller, and covenants that:

  • Compliance with certain undertakings At the date of this Agreement, the Borrower is in compliance with Clauses 11.2, 11.4, 11.9 and 11.13.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!