Common use of Specific Undertakings Clause in Contracts

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. 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 's template, in which case the Bank’s 's template is deemed accepted by the Borrower from the moment of submission of application;