Specific Undertakings. In order to promote the achievement of the aims and objectives of the Common Market as set out in Article 3 of this Treaty and in accordance with the relevant provisions of this Treaty, the Member States shall:
1. In the field of trade liberalisation and customs co-operation:
(a) establish a customs union, abolish all non-tariff barriers to trade among themselves; establish a common external tariff; co-operate in customs procedures and activities;
(b) adopt a common customs bond guarantee scheme;
(c) simplify and harmonize their trade documents and procedures;
(d) establish conditions regulating the re-export of goods from third countries within the Common Market;
(e) establish rules of origin with respect to products originating in the Member States; and
(f) recognise the unique situation of Lesotho, Namibia and Swaziland within the context of the Common Market and to grant temporary exemptions to Lesotho, Namibia and Swaziland from the full application of specified provisions of this Treaty.
2. In the field of transport and communications:
(a) xxxxxx such co-operation among themselves as would facilitate the production of goods and facilitate trade in goods and services and the movement of persons;
(b) make regulations for facilitating transit trade within the Common Market; and
(c) adopt a Third Party Motor Vehicle Insurance Scheme.
3. In the field of industry and energy:
(a) eliminate rigidities in the structures of production and manufacturing so as to provide goods and services that are of high quality and are competitive in the Common Market;
(b) provide an appropriate enabling environment for the participation of the private sector in economic development and co-operation within the Common Market;
(c) co-operate in the field of industrial development;
(d) adopt common standards, measurements systems and quality assurance practices in respect of goods produced and traded within the Common Market; and
(e) provide an enabling stable and secure investment climate.
4. In the field of monetary affairs and finance:
(a) co-operate in monetary and financial matters and gradually establish convertibility of their currencies and a payments union as a basis for the eventual establishment of a monetary union;
(b) harmonise their macro-economic policies;
(c) remove obstacles to the free movement of services and capital within the Common Market; and
(d) recognise the unique situation of Lesotho, Namibia and Swaziland within the context of the Common Market and to...
Specific Undertakings. 2.1 The Borrower undertakes to duly and timely perform the following obligations:
(a) Signing the statement: before the issuance of the endorsement by the Bank, to sign on each page of the agreed template of the irrevocable instruction letter the following statement: “We represent that we fully agree and acknowledge the content of this instruction letter template and we undertake any risk arising from its submission.“;
Specific Undertakings. From the First Advance Date until the Discharge Date, unless specifically provided for in this Agreement or any other Finance Document to which it is a party or Land Bank provides its prior written consent, the Borrower hereby unconditionally and irrevocably gives the Specific Undertakings to Land Bank.
Specific Undertakings. Until the full satisfaction of all obligations due to the Bank under any Financing Document, the Borrower, in addition to the obligations provided under Section 5 (General undertakings of the Debtors) from Chapter 1 (General provisions) hereof, undertakes to duly and timely perform the following obligations:
Specific Undertakings. 7.1 The Borrower undertakes to duly and timely perform the following obligations:
(a) Signing the statement: before the issuance of the Guarantee Instrument by the Bank, to sign on each page of the agreed Guarantee Instrument template the following statement: “We represent that we fully agree and acknowledge the content of this Guarantee Instrument template (letter of guarantee/ letter of counter- guarantee, as the case may be) and we undertake any risk arising from its enforcement.“, except if it is requested in the submitted application that the texts of the guarantees be prepared and issued on the Bank’s template, in which case the Bank’s template is deemed accepted by the Borrower from the moment of submission of application;
Specific Undertakings. Until the full satisfaction of all obligations due to the Bank under any Financing Document, the Borrower, in addition to the obligations provided under Section 5 (General undertakings of the Debtors) from Chapter 1 (General provisions) hereof, undertakes to duly and timely perform the following obligations:
(a) to provide the Bank with the final invoice or any equivalent document attesting the purchase of the asset to which the Credit Facility Agreement relates, respectively the transfer of the ownership right to the Borrower, in form and substance satisfactory to the Bank, without delay from the date of receipt of such documents, but without exceeding 30 (thirty) days from the date of the utilization of the Credit Facility or of the tranche from the Credit Facility corresponding with the moment of the ownership right transfer;
(b) to allow the Bank to perform technical analysis, on stages of completion of works, on the Borrower’s expense, at any time during the validity of the Credit Facility Agreement, whenever the Bank may deem necessary;
(c) in case of complex investment, mentioned as such in the Credit Facility Agreement:
(i) within 30 (thirty) calendar days of signing the takeover minutes upon completion of works related to the investment financed with Credit Facility amounts, to provide the Bank with certified copies of the land book registration decision and of the respective minutes; if the relevant building was erected on a land over which a Security has been created in favour of the Bank, the Borrower undertakes to validly create a mortgage over the building, within 30 (thirty) calendar days as of the date of registration of the takeover minutes upon completion of works in the land book;
(ii) to take any necessary measures to allow the Bank, through its authorized representatives or through a company agreed by the Bank (project monitor), to monitor on site the reality of the payments made and of the data mentioned by the Borrower on the payment documents, the observance of the provisions of the technical-economic documentation and the observance of the budget on which the amount of the Facility Limit is based; and
(iii) for Facility Limits granted for construction, rehabilitation, consolidation or extension of an immovable asset, to take any necessary measures to allow the Bank to verify the observance of the works performance schedule by the contractor.
Specific Undertakings. Any and all liabilities, --------------------- obligations and commitments specifically undertaken by Buyer pursuant to any other provision of this Agreement.
Specific Undertakings. In addition to the obligations provided under Section5(General undertakings of the Debtors) from Chapter 1 (General provisions) hereof, the Borrower undertakes: to provide the Bank with the final invoice or any equivalent document attesting the utilisation of the Credit Facility according to the destination mentioned in the Credit Facility Agreement, including any document attesting the transfer of the ownership right to the Borrower, in form and substance satisfactory to the Bank, without delay from the date of receipt of such documents;
Specific Undertakings. 1. Member States shall respect the international character and responsibilities of SADC, the Executive Secretary and other staff of SADC, and shall not seek to influence them in the discharge of their functions.
2. In the performance of their duties, the members of the Tribunal, the Executive Secretary and the other staff of SADC shall be committed to the international character of SADC, and shall not seek or receive instructions from any Member States, or from any authority external to SADC. They shall refrain from any action incompatible with their positions as international staff responsible only to SADC.
Specific Undertakings. In order to promote the achievement of the aims and objectives of the Common Market as set out in Article 3 of this Treaty and in accordance with the relevant provisions of this Treaty, the Member States shall:
1. In the field of trade liberalisation and customs co- operation:
(a) establish a customs union, abolish all non-tariff barriers to trade among themselves; establish a common external tariff; co-operate in customs procedures and activities;
(b) adopt a common customs bond guarantee scheme;
