The Borrower undertakes. (a) to immediately inform the Bank of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence;
The Borrower undertakes. 6.2.1. to enter into contracts on security of performance of obligations specified in the Special Conditions with the Lender and/or to safeguard their conclusion (if performance of contractual obligations is secured by third person) and, if provided so by the legal acts of the Republic of Lithuania, to register them in appropriate authorities. The notary’s fee (when the notary’s services are used) and registration expenses of the contracts shall be covered by the Borrower;
The Borrower undertakes. 8.1.1. To submit the agreed Security Measures to the Operator properly and ensure their validity in accordance with the conditions, procedures and terms set out in the Loan Agreement;
The Borrower undertakes. 16.5.1 not to employ the Vessel, or suffer the Vessel to be employed:
The Borrower undertakes a) to immediately (not later than three banking days) notify in writing the Bank of: - circumstances, which may adversely affect proper fulfillment by the Borrower of the obligations under the Agreement and/or fulfillment by third persons provided the Security of the obligations under Security Agreements; - proposed liquidation or reorganization of the Borrower and/or third persons provided the Security; - attachment and/or other encumbrances on property of the Borrower, including cash on its bank accounts with any banks, organizations making particular types of banking operations and other credit organizations; - proceedings in national courts, court of referees/international arbitration, with participation of the Borrower; - contestation by any third person of validity of the Agreement and/or Security Agreement; - worsening or threat of worsening of a state of property transferred as security under the Security Agreement;
The Borrower undertakes. That at the end of the Term, to repay to the Funder the total outstanding balance of the Principal Amount of the Loan hereunder including all accrued interest without any further notification or formality.
