Additional Undertaking definition

Additional Undertaking means (a) cash or Cash Equivalents or (b) a Surety Bond, Guaranty or Letter of Credit which is (i) provided by a Person, (ii) whose long-term unsecured debt is rated at least AA (or equivalent) and (iii) is otherwise satisfactory to Mortgagee. Additional Undertakings shall be addressed directly to Mortgagee and shall name Mortgagee as the beneficiary thereof and the party entitled to make claims thereunder.
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Additional Undertaking means (i) cash or cash equivalents or (ii) a Surety Bond, an Additional Undertaking Guarantee or an Additional Undertaking Letter of Credit which is provided by a Person, whose long-term unsecured debt is rated at least "AA" (or equivalent) by a nationally recognized statistical rating agency and is otherwise satisfactory to the Collateral Agent; Additional Undertakings are addressed directly to the Collateral Agent and name the Collateral Agent as the beneficiary thereof and the party entitled to make claims thereunder.
Sample 1
Additional Undertaking means (a) cash or cash equivalents or (b) a Surety Bond, an Additional Undertaking Guarantee or an Additional Undertaking Letter of Credit which is (i) provided by a Person, (ii) whose long- term unsecured debt is rated at least "AA" (or equivalent) by a nationally recognized statistical rating agency and (iii) is otherwise satisfactory to Beneficiary. Additional Undertakings shall be addressed directly to Beneficiary and shall name Beneficiary as the beneficiary thereof and the party entitled to make claims thereunder.
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Examples of Additional Undertaking in a sentence

  • Additional Undertaking means an undertaking in Section 2 of Schedule 3.

  • Additional Undertaking in case the Applicant wishes to hold the Bonds in physical form:1.

  • On 31 March 2014, each of the Additional Undertaking Shareholders entered into the Additional Irrevocable Undertakings with the Offeror, under which, among other things, the Additional Undertaking Shareholders have agreed to accept, or procure the acceptance of, the Share Offer in respect of all of the AIU Shares owned by that Additional Undertaking Shareholder.

  • Each of the Irrevocable Undertakings will cease to have any effect if the Offer lapses or is withdrawn or fails to become or be declared unconditional by 2 March 2021 for any reason other than a breach of the obligations of the Management Shareholders, SKCPL and the Additional Undertaking Shareholders under their respective Irrevocable Undertakings.

  • Parties to Additional Irrevocable Undertakings: (1) the Offeror; (2) each of the Additional Undertaking Shareholders.

  • Upon failure by any Credit Party to pay punctually any of the Borrower Guaranteed Obligations, the Borrower shall forthwith on demand by the Administrative Agent pay the amount not so paid at the place and in the currency and otherwise in the manner specified in this Agreement or any other applicable agreement or instrument.(b) Additional Undertaking.

  • As at the date of this announcement, the Offeror has also received irrevocable undertakings from each of the Additional Undertaking Shareholders to tender, or procure the tender of, all of the AIU Shares being the 10,364,657 WHB Shares owned by them (such shares representing approximately 3.37 per cent.

  • Consideration: Each of the Undertaking Shareholders and the Additional Undertaking Shareholders have irrevocably undertaken to the Offeror to accept the Share Offer in respect of its respective IU Shares or AIU Shares at the Offer Price.

  • Accordingly, LTH had subscribed for an aggregate of 1,097,228,735 ICPS-i comprising 356,439,580 ICPS-i pursuant to the Undertaking and 740,789,155 ICPS-i pursuant to the Additional Undertaking.

  • No withdrawal: Each of the Undertaking Shareholders and the Additional Undertaking Shareholders have irrevocably undertaken that it will not, prior to the earlier of the closing or lapsing of the Offers, withdraw any acceptance of the Share Offer in respect of its respective IU Shares or AIU Shares and will, where applicable, procure that no rights to withdraw any such acceptance are exercised.


More Definitions of Additional Undertaking

Additional Undertaking means (a) cash or cash equivalents or (b) a Surety Bond, an Additional Undertaking Guarantee or an Additional Undertaking Letter of Credit which is (i) provided by a Person, (ii) whose long- term unsecured debt is rated at least "AA" (or equivalent) by a nationally recognized statistical rating agency and (iii) is otherwise satisfactory to Mortgagee. Additional Undertakings shall be addressed directly to Mortgagee and shall name Mortgagee as the beneficiary thereof and the party entitled to make claims thereunder.
Sample 1
Additional Undertaking means, in relation to each Ship, the undertaking executed or to be executed by Mx. Xxxxxxx Xxxxxxxxxxx and included in the Amended and Restated Approved Manager’s Undertaking in respect of that Ship and, in the plural, means all of them;
Sample 1
Additional Undertaking means (i) cash or cash equivalents or (ii) a Surety Bond, an Additional Undertaking Guarantee or an Additional Undertaking Letter of Credit which is provided by a Person, whose long-term unsecured debt is rated at least "AA" (or equivalent) by a nationally recognized statistical rating agency and is otherwise satisfactory to the lender; Additional Undertakings are addressed directly to the lender and name the lender as the beneficiary thereof and the party entitled to make claims thereunder.
Sample 1
Additional Undertaking means (a) cash or Cash Equivalents or (b) a Surety Bond, Guaranty of Letter of Credit which is (i) provided by a Person, (ii) whose long-term unsecured debt is rated at least AA (or equivalent) and (iii) is otherwise satisfactory to Mortgagee. Additional Undertakings shall be addressed directly to Mortgagee and shall name Mortgagee as the beneficiary thereof and the party entitled to make claims thereunder.
Sample 1

Related to Additional Undertaking

  • financial undertaking means any of the following entities:

  • L/C Undertaking has the meaning set forth in Section 2.12(a).

  • parent undertaking means a parent undertaking as defined in point (15)(a) of Article 4(1) of Regulation (EU) No 575/2013;

  • Group Undertaking means the Company or another undertaking in the group;

  • Principal Underwriter shall have the meanings given them in the 1940 Act.

  • subsidiary undertaking means an undertaking controlled by a parent undertaking, including any subsidiary undertaking of an ultimate parent undertaking;

  • railway undertaking means any public or private undertaking licensed according to this Directive, the principal business of which is to provide services for the transport of goods and/or passengers by rail with a requirement that the undertaking ensure traction; this also includes undertakings which provide traction only;

  • Approved Manager’s Undertaking means, in relation to each Ship, a letter of undertaking executed by the Approved Manager in favour of the Security Trustee in the Agreed Form agreeing certain matters in relation to the Approved Manager serving as the manager of that Ship and subordinating the rights of the Approved Manager against such Ship and the relevant Borrower to the rights of the Security Trustee under the Finance Documents;

  • Disclosure Undertaking means the Continuing Disclosure Undertaking, dated as of the Dated Date, relating to certain obligations contained in the SEC Rule.

  • related undertaking means any undertaking in which any person has a

  • Undertaking means any natural or legal person, whether profit-making or not, or any official body whether having its own personality or not;

  • Investment Company means an investment company as defined in the Investment Company Act.

  • Letter of Undertaking means the letter of undertaking from, amongst others, the Issuer and its Managing Directors to the Initial Purchaser, Investment Manager and the Trustee.

  • Manager’s Undertaking means, in relation to a Ship, the letter of undertaking from its Approved Technical Manager and the letter of undertaking from its Approved Commercial Manager subordinating the rights of such Approved Technical Manager and such Approved Commercial Manager respectively against that Ship and the relevant Borrower to the rights of the Finance Parties in agreed form.

  • Continuing Disclosure Undertaking means the Continuing Disclosure Undertaking of the Issuer, in substantially the form attached hereto as Exhibit 1, dated the Closing Date, for the purpose of providing continuing disclosure information under Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as may be amended from time to time.

  • group of undertakings means a controlling undertaking and its controlled undertakings;

  • voluntary organisation means a body, other than a public or local authority, the activities of which are carried on otherwise than for profit;

  • Additional Guarantor means any subsidiary of the Company that executes a Guarantee under the Indenture after the date of this Agreement.

  • Qualified Independent Underwriter means a “qualified independent underwriter” within the meaning of FINRA Rule 5121.

  • insurance undertaking means an insurance undertaking as defined in Article 13, point (1), of Directive 2009/138/EC;

  • ancillary services undertaking means an undertaking the principal activity of which consists in owning or managing property, managing data-processing services, or any other similar activity which is ancillary to the principal activity of one or more credit institutions;

  • affiliated person promoter" and "principal underwriter" as used in the preceding sentence shall have the meanings assigned to each such term in the Investment Company Act of 1940, as amended.

  • controlled by and "under common control with") means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

  • statutory undertaker means a person who is or is deemed to be a statutory undertaker for the purposes of any provision of Part 11 of the Town and Country Planning Act 1990.

  • Undertaking Letter The letter in substantially the form set forth in Exhibit C of the Trust Agreement.

  • reinsurance undertaking means reinsurance undertaking as defined in point (4) of Article 13 of Directive 2009/138/EC;