Undertakings of the Lender Sample Clauses

Undertakings of the Lender. The Lender agrees that so long as Ex-Im Bank remains liable under this Agreement:
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Undertakings of the Lender. 16.1 It shall grant the loans to the Borrower as agreed herein.
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Undertakings of the Lender. 8.1 The Lender undertakes to disburse the loan to the Borrower in accordance with this Contract.
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Undertakings of the Lender. 24.1 Without prejudice to the obligation and warranty of the Lender under and in accordance with the MoA to deliver the Vessel to the Borrower free of all charters, encumbrances, mortgages and maritime liens or any other debts or claims whatsoever, which obligation shall be paramount, if in breach of such warranty there is created or arises or subsists any Seller's Lien affecting the Vessel or any part thereof the Lender will forthwith procure the release of that Seller's Lien, or arrange for the necessary security to be given in respect of the Seller's Lien in question so that it does not in any way xxxxxx the Vessel or its operation.
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Undertakings of the Lender. 9.1 The Lender shall advance the loan to the Borrower pursuant to this Agreement.
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Undertakings of the Lender. If any Lender becomes aware of a change in applicable securities law that might prevent the settlement in Paragraph A.2 above, such Lender may notify the other parties to this Letter Agreement, in which case the parties shall negotiate in good faith to amend this Letter Agreement to account for such change in applicable securities law.
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Undertakings of the Lender. This Limited Guaranty shall remain in effect only so long as the Lender complies with each of the following:
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Undertakings of the Lender. This guarantee shall remain in effect only so long as the Lender complies with each of the following:
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Related to Undertakings of the Lender

  • Obligations of the Lenders Several The obligations of the Lenders hereunder to make Loans, to fund participations in Letters of Credit and to make payments pursuant to Section 9.07 are several and not joint. The failure of any Lender to make any Loan or to fund any such participation or to make any payment under Section 9.07 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or, to fund its participation or to make its payment under Section 9.07.

  • Obligations of the Borrower 13 Section 3.01.

  • Letters of Credit Issued for Subsidiaries Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

  • Reimbursement Obligations of the Borrower The Borrower agrees to pay to the L/C Issuer of any Letter of Credit each L/C Reimbursement Obligation owing with respect to such Letter of Credit no later than the first Business Day after the Borrower receives notice from such L/C Issuer that payment has been made under such Letter of Credit or that such L/C Reimbursement Obligation is otherwise due (the “L/C Reimbursement Date”) with interest thereon computed as set forth in clause (i) below. In the event that any L/C Issuer incurs any L/C Reimbursement Obligation not repaid by the Borrower as provided in this clause (e) (or any such payment by the Borrower is rescinded or set aside for any reason), such L/C Issuer shall promptly notify the Administrative Agent of such failure (and, upon receipt of such notice, the Administrative Agent shall forward a copy to each Revolving Credit Lender) and, irrespective of whether such notice is given, such L/C Reimbursement Obligation shall be payable on demand by the Borrower with interest thereon computed (i) from the date on which such L/C Reimbursement Obligation arose to the L/C Reimbursement Date, at the interest rate applicable during such period to Revolving Loans that are Base Rate Loans and (ii) thereafter until payment in full, at the interest rate applicable during such period to past due Revolving Loans that are Base Rate Loans.

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