Equity Undertaking definition

Equity Undertaking means the undertaking executed by the Poseidon Shareholders in favour of the Security Trustee pursuant to the terms of the Original Agreement in relation to the Shareholders’ Equity, in Agreed Form;
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Equity Undertaking means the undertaking of the Guarantor set out in Clause 16.1.
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Equity Undertaking means the equity undertaking issued by the Transaction Obligors to the Issuer and the Security Agent under which the issuers of such Equity Undertaking undertake to call the limited partners’ equity commitment under the partnership agreement of the Guarantor, in an aggregate maximum amount of EUR 15,000,000.
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Examples of Equity Undertaking in a sentence

  • The Borrowers shall promptly pay any tax payable on or by reference to any Finance Document and the Equity Undertaking, and shall, on the Agent’s demand, fully indemnify each Creditor Party against any claims, expenses, liabilities and losses resulting from any failure or delay by the Borrowers to pay such a tax.

  • The Developer shall procure that the Shareholders Equity Undertaking contains provisions giving effect to the provisions of Clauses 33.1 and 33.2.

  • The Equity Undertaking Letter contains all of the conditions precedent to the obligations of Sponsor thereunder to make the full amount of the Equity Financing available to Parent on the terms in the Equity Undertaking Letter.

  • The Guarantor shall pay to the Security Trustee on its demand the amount of all expenses incurred by the Security Trustee or any other Creditor Party in connection with any matter arising out of this Guarantee, the Equity Undertaking or any Security Interest connected with this Guarantee, including any advice, claim or proceedings relating to this Guarantee, the Equity Undertaking or any Security Interest connected with this Guarantee.

  • As of the date of this Agreement, no event has occurred which, with or without notice, lapse of time or both, would constitute a default or breach on the part of Parent, Sub or Sponsor under the Equity Undertaking Letter.

  • As of the date hereof, the Equity Undertaking Letter is in full force and effect and is the valid, binding and enforceable obligations of Parent, Sub and Sponsor, subject to the Enforceability Exception.

  • In the contemporary era, the perception of this concept is associated with the audience and the country under question.

  • For the removal of doubt, notwithstanding anything to the contrary in this Pledge, Advent shall be entitled to act in respect to the Advent Cash Collateral Account in the manner permitted to it under, and subject to the terms and conditions of, Section 15 of the Equity Undertaking.

  • The Sponsor has the resources to provide the equity under the Shareholders Equity Undertaking in due time under the Shareholders Equity Undertaking.

  • No event has occurred which, with or without notice, lapse of time or both, would constitute a default or breach on the part of Parent, Sub or Sponsor under the Equity Undertaking Letter.

Related to Equity 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;

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

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

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

  • financial undertaking means any of the following entities:

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

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

  • Confidentiality Undertaking means a confidentiality undertaking substantially in a recommended form of the LMA or in any other form agreed between the Borrower and the Agent.

  • electricity undertaking means any person engaged in the generation,transmission, distribution or supply of electricity including any holder of a licence or authorisation or a person who has been granted a permit under Section 37 of the Principal Act and any person transferring electricity to or from Ireland across an interconnector or who has made an application for use of an interconnector which has not been refused;

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

  • 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.

  • 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.

  • Performance Undertaking means that certain Performance Undertaking, dated as of May 10, 2002, by Performance Provider in favor of Seller, substantially in the form of Exhibit XI, as the same may be amended, restated, supplemented or otherwise modified from time to time.

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

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

  • Standard Securitization Undertakings means representations, warranties, covenants and indemnities entered into by the Borrower or any Subsidiary of the Borrower that are customary in a Securitization Financing.

  • insurance undertaking means insurance undertaking as defined in point (1) of Article 13 of Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (1);

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

  • Corporate Guaranty means a legal document used by an entity to guaranty the obligations of another entity.

  • Corporate Guarantee means a guarantee of the obligations of the Borrowers under this Agreement and the other Finance Documents to which each Borrower is a party, in the Agreed Form;

  • Financial Agreement means an agreement that meets the

  • 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;

  • Existing ship means a ship which is not a new ship.

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

  • Existing Security Agreement has the meaning set forth in the recitals hereto.

  • 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.