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UNDERTAKINGS BY THE INTERMEDIARY Clause Samples

The "Undertakings by the Intermediary" clause sets out the specific promises and obligations that the intermediary agrees to fulfill under the contract. This may include duties such as complying with applicable laws, maintaining confidentiality, acting in good faith, or performing services to a specified standard. By clearly outlining these commitments, the clause ensures that the intermediary’s responsibilities are transparent and enforceable, thereby reducing the risk of misunderstandings or disputes between the parties.
UNDERTAKINGS BY THE INTERMEDIARY. The Intermediary undertakes to use its best endeavours at all times to expedite the settlement of cover terms and conditions to enable payment of premium to the Company on the date as may be agreed by the parties for payment of premium, and in particular to: 3.1. commence all cover negotiations as soon as possible; 3.2. advise Policyholders at the beginning of negotiations of the need for premiums to be paid on or before the Due Date but, if not practically possible, then within the hold covered period; 3.3. expedite the finalisation of negotiations between the Company and the Policyholder so as to facilitate the finalisation of the relevant policy on or before the Due Date but, if not practically possible, then within the hold covered periods; 3.4. actively monitor premium payments by the Due Date; and 3.5. inform the Company of any Policyholders who appear to be delaying the finalisation of the cover terms and payment of premium without good cause.
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UNDERTAKINGS BY THE INTERMEDIARY. MIRABILIS ENGINEERING UNDERWRITING MANAGERS (PTY) LTD MIRABILIS IS AN AUTHORIZED FINANCIAL SERVICES PROVIDER: 28190 3.1. commence all cover negotiations as soon as possible; 3.2. advise Policyholders at the beginning of negotiations of the need for premiums to be paid on or before the Due Date but, if not practically possible, then within the hold covered period; 3.3. expedite the finalisation of negotiations between the Company and the Policyholder so as to facilitate the finalisation of the relevant policy on or before the Due Date but, if not practically possible, then within the hold covered periods; 3.4. actively monitor premium payments by the Due Date; and 3.5. inform the Company of any Policyholders who appear to be delaying the finalisation of the cover terms and payment of premium without good cause.
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Related to UNDERTAKINGS BY THE INTERMEDIARY

  • Assignments and Transfers by the Company This Agreement may not be assigned by the Company (whether by operation of law or otherwise) without the prior written consent of the Required Investors, provided, however, that in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the Common Stock is converted into the equity securities of another Person, from and after the effective time of such transaction, such Person shall, by virtue of such transaction, be deemed to have assumed the obligations of the Company hereunder, the term “Company” shall be deemed to refer to such Person and the term “Registrable Securities” shall be deemed to include the securities received by the Investors in connection with such transaction unless such securities are otherwise freely tradable by the Investors after giving effect to such transaction.

  • Services by the Indemnitee The Indemnitee agrees to serve as a director or officer of the Company under the terms of the Indemnitee’s agreement with the Company for so long as the Indemnitee is duly elected or appointed or until such time as the Indemnitee tenders a resignation in writing or is removed from the Indemnitee’s position; provided, however, that the Indemnitee may at any time and for any reason resign from such position (subject to any other contractual obligation or other obligation imposed by operation of law).

  • Representations by the Issuer The Issuer represents and warrants to the Subscriber that as of the date of the closing of this Offering (the “Closing Date”): 2.1 The Issuer is a Limited Liability Company duly organized, validly existing and in good standing under the laws of the State of Delaware, authorized to do business in the State of Delaware and has the corporate power to conduct the business which it conducts and proposes to conduct. 2.2 The execution, delivery and performance of this Subscription Agreement by the Issuer have been duly authorized by the Issuer and all other corporate action required to authorize and consummate the offer and sale of the Interests has been duly taken and approved. This Subscription Agreement is valid, binding and enforceable against the Issuer in accordance with its terms; except as enforcement may be limited by bankruptcy, insolvency, moratorium or similar laws or by legal or equitable principles relating to or limiting creditors’ rights generally, the availability of equity remedies, or public policy as to the enforcement of certain provisions, such as indemnification provisions. 2.3 The Interests have been duly and validly authorized and issued. 2.4 The Issuer knows of no pending or threatened legal or governmental proceedings to which the Issuer is a party which would materially adversely affect the business, financial condition or operations of the Issuer.

  • ACKNOWLEDGMENTS BY THE EXECUTIVE Executive acknowledges that (a) during the Employment Period and as a part of his employment, Executive will be afforded access to Confidential Information; (b) public disclosure of such Confidential Information could have an adverse effect on Employer and its business; (c) the Employer has required that Executive make the covenants in this Section 7; and (d) the provisions of this Section 7 are reasonable and necessary to prevent the improper use or disclosure of Confidential Information.

  • Deliveries by the Purchaser Purchaser hereby agrees to deliver, or cause to be delivered, to Sellers the following items on Closing:

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